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EXECUTIVE ASSIGNMENTS
BASE BONUS
Executive Vice President & General Manager
New York Branch (expatriate)
$ 200* $ N/A
(excludes housing, transportation, et al.)
Executive Vice President & General Manager
New York Branch (U.S. employment)
$190-$320 dependent on HQ
SVP Treasurer, Manager ALCO (with comprehensive responsibility for the US balance sheet )
$150-265 up to 50 %
*all the above numbers reflect US $ six digits and represent compensation per annum, abbreviated here in the interest of providing a comprehensive listing in the above format.
LOGISTICS
BASE SALARY bONUS
SVP Manager Operations ( 10-20 yrs exper; full responsibility
for staff, legal issues & all logistics specific to the Bank )
$135 - 185 10-15% of base/ ‘executive bonus’
SVP - Manager IT ( 5 - 10 yrs exper. Advanced IT degree. Parallel systems configuration)
$130 - 160 10 - 15 % of base
SVP - In-House Counsel (min. 10 years exper). Responsible for
in-house issues and regulatory issues
$140-250 10% of base ‘executive staff bonus’
SVP Comptroller (CPA degree; 15 years or more bank experience)
$140-190 10-20% of base
SVP/VP Human Resources (5-15 years experience in all aspects of compensation, regulatory issues and recruitment)
$75-165 10-25% of base/‘executive staff bonus’
SVP General Auditor (10-20 years experience, CPA degree reporting to senior staff in the US or Home Office )
$110-185 ‘executive staff bonus’
RISK MANAGEMENT
Base salary Bonus
SVP/VP Market Risk Manager(7-15 years experience implementing
risk & trading policy of the Bank)
$100-160 10-30% of base
VP Derivatives Risk Management ( 7-10 years experience; fluent in
Value-at-Risk, RAROC, option valuations, proprietary equity trading)
$90-150 10-25% of base
Risk Controller ( 7-10 years experience; fluent in reporting risk
positions on swaps, options, et al. and system improvements )
$90-125 10-15% of base
[VP] Middle Office Risk Manager ( minimum 5 years experience monitoring risk in FX, MM and Derivatives. Reporting to Home Office daily on risk exposure)
$85-110 10% or one month (13th month)
Risk Analyst ( Ph.D in Mathematics or Economics and 1-2 years experience in structuring/analyzing risk parameters for Treasury )
$80-110 10-20% of base
Risk Analyst ( 3-5 years experience in structuring futures, swaps, caps
convertibles and reporting daily P& L )
$75-100 up to 10 % of base
Capital markets & specialty finance
Base salary Bonus
SVP Syndications/Department Executive ( 15 yrs. minimum
experience in agenting and distributing transactions)
$140-200 30-75%
AVP Syndications ( credit training, minimum 5 years experience
and industry contacts )
$70-90 20-50% of base
Associate Syndications (commercial or investment banking
training programme and 2-4 years experience)
$60-80 7-15% of base
SVP Project Finance ( 10-12 years experience in oil&gas, co-generation,
greenfield and turnkey projects )
$125-185 25-100% of base/multiple base
SVP Real Estate Finance (10-12 years experience in generating, structuring and/or purchasing deals )
$135-185 up to100% of base/multiple base
SVP [VP] Project Manager Credit Restructuring ( minimum of 10 years
in Specialty Credit Area )
$ 120-160 10-20% (rarely reflective of assets recovered)
SVP Manager Media/Telecommunications (12-15 years experience along
with a substantive client list)
$ 110-150 10% of base
Corporate banking
Base salary Bonus
EVP General Manager (15-20 years experience in business development,
credit issues. Generally fluent in home office language and exceptional
leadership skills. )
$190-320 15-50% of base/
’ executive bonus’
SVP Manager Corporate Banking (15 years minimum experience in initiating and concluding transactions. Optimum ability to delegate and manage staff )
$130- 240 15-100% of base
SVP [VP] Global Relationship Management* ( 10-12 years experience in establishing and maintaining the specific needs of relationships global in scope from New York orLondon )
$140-200 up to 100% of base
the above referenced positions and respective compensation do not cover expatriate packages
VP Corporate Banking ( 7-10 years experience in business development covering a specific geographical territory or industry )
$90-140 10-50% of base
VP Manager Financial Institutions ( 12-15 years experience in covering domestic and foreign institutions. Exceptional marketing skills )
$120-175 10-30 % of base
AVP Corporate Banking ( credit training programme, 2-5 years experience in calling on clients and supervisory ability for analysts)
$75-90 10-20% of base
AVP Financial Institutions (credit training programme, 2-5 years in establishing and maintaining relationships with domestic or foreign banks. Sometimes a foreign language)
$55-85 7-15% of base
Assistant Treasurer/Associate (credit or investment banking training programme, MBA and 1-3 years experience )
$60-80 5-20% of base
Credit Analyst ( 2-5 years experience in all aspects of credit and credit work-out )
$45-70 5-10% of base or
13th month
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Credit management
Base salary Bonus
SVP Manager Credit ( with responsibility for an eight to nine figure lending limit New York Branch and 15 years experience with a money centre or foreign bank )
$140-185 7-15 % of base
VP Manager Credit Work-Out ( 12-15 years credit experience with high degree of specificity in Energy, Real Estate, Telecommunications or other Specialty Finance Areas)
$110-165 10-15% of base
AVP Credit ( credit training programme, 8-10 years experience in all aspects of credit with strong writing skills and ability to communicate with home office regularly )
$75-100 7-10% of base
RETURN TO HOME PAGE GO TO EXECUTIVE OPPORTUNITIES
Treasury
base salary Bonus
SVP Treasurer (15 years experience in managing all aspects of traditional and off-balance sheet trading, Manager A&L with bottom line responsibility for the balance sheet)
$170-290 up to 100% of base/
‘executive staff bonus
SVP [ VP ] Manager Treasury (10-15 years experience in managing the trading room with direct responsibility for execution of transactions in Foreign Exchange or MM
$165-220 30-100% of base
VP Manager Trading Fixed Income (10-15 years experience in trading all instruments and motivating and managing staff )
$120-170 up to 100%of base
performance-oriented
VP Manager Fixed Income Sales ( 10-15 years in identifying and maintaining “book of business”. Strong, results oriented personality )
$110-150 up to 100% of base
performance ororiented
SVP[ VP ] Manager Money Markets ( 10-15 years experience in trading traditional and derivative products. Responsibility for CP programme, Govt. Securities, CDs trading and sales )
$120-175 30-50% of base
SVP Manager Precious Metals Trading ( minimum 10 years trading and marketing experience )
$130-175 'executive bonus'
VP Manager Derivatives (7-12 years experience in trading and sales of all derivative products. Advanced business or mathematics degree. Staff management )
$120-175 35-100% of base/
Results oriented
Trader Foreign Exchange (2-5 years experience in trading major/exotic currencies)
$55-90 10-35% of base
VP/AVP Foreign Exchange Sales ( 2-4 years experience and strong intra- and extra-office communications skills )
$55-80 10-35% of base
AVP Junior Derivatives Trader ( 3-6 years experience in trading futures, options, swaps)
$60-100 10-35%of base
We wish to thank you for visiting with us and invite you
to participate in the 2003-2004 Salary Survey. If your financial institution is
not listed with us but you wish to become a participant, write to us and we
shall forward the necessary information promptly.
As always all participants, whether corporate or
individual will have their identity withheld.
With best wishes for continued success,
New York, N.Y. 10016
Tel: (212) 687 -5050
The 1st of March 2003