2024 Singapore Salary Guide: Risk Management

January 02, 2024

Becoming a risk manager is a long process, and working in risk management is a lucrative profession because of this – risk manager salaries align with the complexity of the role. Want to advance your Risk Management career? Here’s what you need to know:

Hot Jobs for 2024 in Singapore

This year, hiring managers are looking out for:

  • Credit Risk Managers
  • Credit Analysts
  • Fraud Risk Managers

Risk professionals that can fulfil these roles and related job titles are in demand, and will continue to be for the foreseeable future.

Emerging Skills & Hiring Trends

  1. If you can perform analytical functions regarding risk aversion, you’re in luck! More job opportunities are available in this area. So start sharpening your understanding of trading risk quantitative analysis, and credit analysis
  2. There’s higher demand for professionals who can adequately manage credit risks to save the companies huge costs, mainly within private banking
  3. Hiring managers like candidates with diversified working experiences – for example, can you competently perform compliance, risk management, and auditing functions?

Singapore Average Salary: Risk Management

This is the average salary in Singapore for Risk Management jobs, from the lowest salary to the highest salary:

Job TitleAverage Annual Salary (SGD)
Credit Risk$130,000
Market Risk$130,000
Operational Risk$130,000
Enterprise Risk$140,000
Portfolio Risk & Analytics$150,000
Commodities Risk$120,000
Asset Management / Investment Risk$120,000
Reporting Role$120,000

Looking to switch jobs this year? We’ve got your back

Download one of our free resume templates to use. We have templates for different industries and roles.

While you’re doing up your resume, why not check out our Ultimate CV Guide and Cover Letter Guide?

They’re chock-full of useful tips for an absolutely killer CV and Cover Letter – our tricks of the trade from over a decade of recruitment experience.

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Back to Ultimate Singapore Salary Guide.
Source: Morgan McKinley

Harry Suresh
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