2020 Salary Guide: Legal & Compliance

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Want to advance your career in Legal & Compliance?

Here’s what you definitely need to know:

Top Areas in Demand for 2020 in Hong Kong

This year, these legal & compliance specialisations are in demand:

  • Technology lawyer
  • Funds lawyer
  • Investment compliance
  • Regulatory compliance

 

Hong Kong Average Salary: Legal & Compliance

This is the average salary in Hong Kong for Legal & Compliance jobs:

 

Legal – In-house Legal – Financial Services

Job Title Average Annual Salary (HKD): Analyst/Associate Average Annual Salary (HKD): AVP Average Annual Salary (HKD): VP Average Annual Salary (HKD): Director/Head of Legal
International Banks 700k – 1.0m 1.0 – 1.5m 1.2 – 2.0m 1.7 – 2.5m+
Regional/Local Banks NA 700k – 1.2m 1.0 – 1.8m 1.5 – 2.0m+
Asset Managers/Hedge Funds/Private Equity 500k – 1.0m 700k – 1.5m 1.0 – 2.0m 1.8 – 2.2m+
Fintech 500 – 800k 600k – 1.2m 1.0 – 1.6m 1.2 – 2.0m+
Insurance 700 – 900k 800k – 1.4m 1.1 – 1.8m 1.8m+
Regulators 500 – 850k 800k – 1.4m 1.1 – 1.8m 1.6m+

 

Legal – In-house Legal – Commercial & Industry

Job Title Average Annual Salary (HKD): Analyst/Associate Average Annual Salary (HKD): AVP Average Annual Salary (HKD): VP Average Annual Salary (HKD): Director/Head of Legal
TMT 600 – 800k 800k – 1.6m 960k – 1.6m 1.6 – 2.6m
Retail 550 – 800k 700k – 1.3m 850k – 1.4m 1.2 – 1.5m
Real Estate & Hospitality 600 – 900k 800k – 1.6m 1.1 – 1.6m 1.6 – 2.4m
Manufacturing 600 – 800k 650k – 1.4m 1.2 – 1.6m 1.2 – 1.8m
Others 550 – 850k 700k – 1.3m 800k – 1.4m 1.2 – 1.6m

 

Legal – Private Practice

Job Title Average Annual Salary (HKD): Analyst/Associate Average Annual Salary (HKD): AVP Average Annual Salary (HKD): VP Average Annual Salary (HKD): Director/Head of Legal
US 1.0 – 1.6m 1.5 – 2.5m 2.0 – 2.7m 2.7m+
International & Offshore 750k – 1.3m 1.0 – 1.8m 1.5 – 2.2m 1.8m+
Regional & Local 500 – 950k 700k – 1.6m 1.0 – 1.8m 1.5m+

 

Compliance – Banking

Job Title Average Annual Salary (HKD): Officer, Assistant, Analyst Average Annual Salary (HKD): Manager, AVP – Junior VP Average Annual Salary (HKD): VP, SVP, Director, Head of Compliance
AML, Advisory/Policy 340 – 540k 660k – 1.1m 1.2m+
AML, Transaction Monitoring/Surveillance/Investigations 300 – 450k 540 – 640k 900 – 1.5m
Control Room 450 – 600k 720k – 1.1m 1.2 – 1.6m
Compliance Testing 320 – 450k 650k – 1.0m 1.1 – 1.6m
Regulatory Advisory 400 – 650k 800k – 1.2m 1.2 – 2.0m
Sales and Trading, Monitoring/Surveillance 350 – 450k 660 – 1.0m 1.0 – 1.8m
Sales and Trading, Product Advisory (e.g. FI, Equities, IBD) 400 – 700k 800k – 1.2m 1.2m+
Telco Pre-sale 300 – 540k 650k – 1.2m NA

 

Compliance – Buy-side

Job Title Average Annual Salary (HKD): Officer, Assistant, Analyst Average Annual Salary (HKD): Manager, AVP – Junior VP Average Annual Salary (HKD): VP, SVP, Director, Head of Compliance
Investment Compliance 360 – 550k 550 – 900k 1.0m+
General Compliance 240 – 450k 550 – 900k 1.0m+
Private Equity (Sole Operator) NA 690k – 1.0m 1.4m+
Hedge Fund 360 – 700k 650k – 1.0m 1.5m+

 

Compliance – Securities/Brokerage

Job Title Average Annual Salary (HKD): Officer, Assistant, Analyst Average Annual Salary (HKD): Manager, AVP – Junior VP Average Annual Salary (HKD): VP, SVP, Director, Head of Compliance
Securities Industry (Local/Regional) 240 – 400k 360 – 600k 700k – 1.0m
Global Securities/Brokerage (International Firms) 360 – 450k 550 – 800k 850k – 1.5m+

 

Corporate/MNCs

Job Title Average Annual Salary (HKD): Officer, Assistant, Analyst Average Annual Salary (HKD): Manager, AVP – Junior VP Average Annual Salary (HKD): VP, SVP, Director, Head of Compliance
Investigations (AML/Financial Crime) NA 350 – 600k 700k – 1.2m
Internal Controls (ABC, FCPA, AML) NA 540 – 720k 700k – 1.3m

 

Company Secretarial

Job Title Average Annual Salary (HKD): Assistant Manager/Manager (5-8 yrs’ exp) Average Annual Salary (HKD): Deputy Company Secretary (8+ yrs’ exp) Average Annual Salary (HKD): Named Company Secretary (8+ yrs’ exp)
HK Listed Companies 450 – 700k 700 – 950k 800k – 1.5m
Non-listed Companies 450 – 650k 650 – 850k NA
Financial Services 550 – 720k 600 – 800k 750k – 1.2m

 

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Source: Robert Walters

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