Risk Management, Risk Analytics & Decision Science - UK Salary Guide

Compare base salary, bonus, and total compensation across Risk Management, Risk Analytics, Operational Resilience, Third Party Risk, and IT & Technology Risk, using live market intelligence from Broadgate’s specialist consultants

About This Guide

This guide provides salary benchmarks from mid-senior through to C-Suite level across the UK financial services sector, covering Risk Management, Risk Analytics, Operational Resilience, Third Party Risk, and IT & Technology Risk. Data reflects current market intelligence gathered by Broadgate's specialist consultants through live hiring mandates, candidate representation and market mapping activity across the UK.

Salary ranges reflect base compensation. Bonus figures represent typical market ranges and are indicative; actual structures vary by firm, seniority, and performance year. Total package figures include base and bonus only: pension, LTIP, carried interest, and equity are excluded unless stated.

Note: Roles range from mid-senior Manager, Senior Analyst and AVP level through to C-Suite. NED compensation is excluded from this edition. All figures are in GBP (£) and represent permanent hire benchmarks unless otherwise indicated. Interim and contract day rates are available in a separate Broadgate publication.

Risk Management — London

Role / Title	Base Salary	Bonus (Typical)	Total Package
Chief Risk Officer (Tier 1 Bank)	£350,000–£500,000	£100,000–£200,000	£450,000–£700,000
Chief Risk Officer (Mid-tier / Regional Bank)	£220,000–£320,000	£55,000–£100,000	£275,000–£420,000
Chief Risk Officer (Fintech / Challenger)	£180,000–£260,000	£40,000–£80,000	£220,000–£340,000
Deputy CRO / Group Risk Director	£200,000–£300,000	£50,000–£100,000	£250,000–£400,000
Head of Market Risk	£170,000–£260,000	£50,000–£100,000	£220,000–£360,000
Head of Credit Risk	£160,000–£240,000	£45,000–£90,000	£205,000–£330,000
Head of Operational Risk	£150,000–£220,000	£40,000–£75,000	£190,000–£295,000
Head of Model Risk Management	£160,000–£240,000	£45,000–£90,000	£205,000–£330,000
Head of Enterprise / Climate Risk	£140,000–£200,000	£35,000–£65,000	£175,000–£265,000
SMF4 / Chief Risk Function (SMCR)	£200,000–£350,000	£55,000–£120,000	£255,000–£470,000
Risk Director / Senior Risk Manager	£100,000–£155,000	£20,000–£45,000	£120,000–£200,000
VP Risk / Risk Manager	£80,000–£115,000	£15,000–£35,000	£95,000–£150,000
Senior Risk Analyst / AVP	£65,000–£90,000	£10,000–£25,000	£75,000–£115,000

Risk Analytics & Decision Science — London

Role / Title	Base Salary	Bonus (Typical)	Total Package
Head of Risk Analytics / Quantitative Risk	£170,000–£260,000	£45,000–£90,000	£215,000–£350,000
Head of Credit Analytics (Retail / Wholesale)	£160,000–£240,000	£40,000–£85,000	£200,000–£325,000
Head of Model Validation	£160,000–£240,000	£45,000–£85,000	£205,000–£325,000
Head of Stress Testing & Scenario Analysis	£160,000–£240,000	£45,000–£85,000	£205,000–£325,000
Head of Fraud Analytics / Data Science	£140,000–£210,000	£35,000–£70,000	£175,000–£280,000
Director, Decisioning & Strategy (Lending)	£140,000–£210,000	£35,000–£65,000	£175,000–£275,000
Principal / Senior Quantitative Analyst	£120,000–£190,000	£25,000–£60,000	£145,000–£250,000
Lead Data Scientist — Risk	£110,000–£170,000	£20,000–£50,000	£130,000–£220,000
Senior Risk Analyst / Model Developer (VP)	£85,000–£130,000	£15,000–£40,000	£100,000–£170,000
Risk Analyst / Data Scientist (Mid-Senior)	£65,000–£95,000	£10,000–£25,000	£75,000–£120,000

IT & Technology Risk — London

Role / Title	Base Salary	Bonus (Typical)	Total Package
Chief Technology Risk Officer (CTRO)	£220,000–£340,000	£60,000–£130,000	£280,000–£470,000
Head of Technology Risk (Group / Tier 1 Bank)	£170,000–£260,000	£45,000–£90,000	£215,000–£350,000
Head of Technology Risk (Mid-tier Bank / Asset Manager)	£130,000–£195,000	£30,000–£60,000	£160,000–£255,000
Head of Technology Risk (Fintech / Challenger Bank)	£105,000–£165,000	£20,000–£50,000	£125,000–£215,000
Head of Cyber Risk (2nd Line / Risk Function)	£140,000–£210,000	£35,000–£70,000	£175,000–£280,000
Head of IT / Tech Risk & Controls	£120,000–£180,000	£25,000–£55,000	£145,000–£235,000
Head of Cloud Risk / Digital Risk	£120,000–£185,000	£25,000–£58,000	£145,000–£243,000
Senior Technology Risk Manager / VP	£80,000–£120,000	£12,000–£32,000	£92,000–£152,000
Technology Risk Manager (Mid-Senior)	£58,000–£88,000	£6,000–£18,000	£64,000–£106,000
IT Risk Analyst (Senior)	£45,000–£68,000	£4,000–£12,000	£49,000–£80,000

Third Party Risk Management (TPRM) — London

Role / Title	Base Salary	Bonus (Typical)	Total Package
Global Head of Third Party Risk / Vendor Risk (Group)	£170,000–£250,000	£40,000–£80,000	£210,000–£330,000
Head of TPRM (Tier 1 Bank)	£140,000–£200,000	£35,000–£65,000	£175,000–£265,000
Head of TPRM / Outsourcing Risk (Mid-tier / Asset Manager)	£115,000–£170,000	£25,000–£50,000	£140,000–£220,000
Head of TPRM (Fintech / Payments)	£95,000–£145,000	£18,000–£40,000	£113,000–£185,000
Head of Outsourcing & Third Party Governance (Reg-focused)	£120,000–£175,000	£25,000–£55,000	£145,000–£230,000
Senior TPRM Manager / VP	£80,000–£120,000	£12,000–£32,000	£92,000–£152,000
TPRM Manager (Mid-Senior)	£58,000–£88,000	£6,000–£20,000	£64,000–£108,000
Third Party Risk Analyst (Senior)	£40,000–£60,000	£3,000–£12,000	£43,000–£72,000

Risk — Edinburgh

Role	Base Salary Range	Total Comp (Est.)	Market Notes
CRO (Bank / Asset Manager)	£180,000–£280,000	£220,000–£360,000	Strong demand from major Scottish banks and asset managers
Head of Credit / Market Risk	£120,000–£190,000	£145,000–£240,000	Core banking demand remains robust
Head of Operational Risk	£100,000–£155,000	£120,000–£195,000	Steady demand across regulated firms
Head of Risk Analytics	£110,000–£170,000	£132,000–£215,000	Growing data science capability
Senior Risk Manager / VP Risk	£65,000–£98,000	£6,000–£18,000	Core hiring tier across sectors
Risk Analyst / Senior Analyst	£45,000–£68,000	£3,000–£10,000	Active volume hiring in banking

Risk — Manchester

Role	Base Salary Range	Total Comp (Est.)	Market Notes
CRO (Retail Bank / Consumer Lender)	£160,000–£250,000	£195,000–£315,000	Consumer lender CROs well compensated
Head of Credit Risk	£110,000–£175,000	£132,000–£220,000	Retail and consumer credit dominant
Head of Operational Risk	£95,000–£145,000	£114,000–£183,000	Broad demand across sectors
Head of Risk Analytics / Decisioning	£100,000–£160,000	£120,000–£200,000	Fintech and consumer lending strong
Senior Risk Manager / VP Risk	£60,000–£88,000	£5,000–£15,000	Core mid-market hiring tier
Risk Analyst / Senior Analyst	£42,000–£65,000	£3,000–£9,000	Active hiring across consumer lenders

Risk — Leeds

Role	Base Salary Range	Total Comp (Est.)	Market Notes
CRO (Bank / Building Society / Consumer Lender)	£145,000–£230,000	£174,000–£290,000	Strong building society and retail bank market
Head of Credit Risk	£105,000–£175,000	£126,000–£220,000	Mortgage and consumer credit focus
Head of Operational Risk	£85,000–£138,000	£102,000–£173,000	Steady demand across regulated firms
Head of Risk Analytics	£92,000–£150,000	£110,000–£188,000	Growing as data capability matures
Senior Risk / Credit Risk Manager	£55,000–£85,000	£4,000–£13,000	Core tier across building societies and banks
Risk Analyst / Senior Analyst	£38,000–£60,000	£2,000–£8,000	High volume in retail and mortgage lending

Risk — Birmingham

Role	Base Salary Range	Total Comp (Est.)	Market Notes
CRO	£145,000–£230,000	£174,000–£290,000	HSBC and Lloyds presence strong
Head of Credit Risk	£100,000–£162,000	£120,000–£203,000	Consumer and SME lending
Head of Operational Risk	£82,000–£130,000	£98,000–£163,000	Steady demand across the market
Head of Risk Analytics	£90,000–£145,000	£108,000–£182,000	Growing capability across regional teams
Senior Risk Manager / VP Risk	£55,000–£82,000	£4,000–£13,000	Core mid-market tier
Risk Analyst / Senior Analyst	£36,000–£58,000	£2,000–£8,000	Active hiring across retail and SME lenders

Risk — Bristol

Role	Base Salary Range	Total Comp (Est.)	Market Notes
CRO (Fintech / Consumer Finance)	£145,000–£230,000	£174,000–£290,000	Growing fintech and consumer finance presence
Head of Risk / Operational Risk	£108,000–£170,000	£130,000–£213,000	Broad demand across regulated fintechs
Head of Risk Analytics / Data Science	£98,000–£155,000	£118,000–£194,000	Growing data and analytics capability
Senior Risk Manager / VP Risk	£58,000–£86,000	£4,000–£14,000	Active across fintech and payments
Risk Analyst / Senior Analyst	£38,000–£60,000	£2,000–£8,000	Growing volume in fintech hiring. Firms offering fully London-benchmarked packages in regional locations will attract a deeper talent pool but risk market distortion.

Sector-by-Sector Benchmarks

Compensation structures vary significantly by sector. Investment banking and hedge funds continue to set the market ceiling through discretionary bonus pools, while fintechs compete through equity participation and growth optionality. Private credit and alternatives are increasingly active acquirers of senior risk talent as the asset class scales.

Tier 1 / Global Investment Banks — London

Role / Title	Base Salary	Bonus (Typical)	Total Package
Chief Risk Officer	£380,000–£520,000	£150,000–£250,000+	£530,000–£770,000+
Head of Market Risk	£200,000–£310,000	£80,000–£160,000	£280,000–£470,000
Head of Credit Risk (Wholesale)	£190,000–£290,000	£70,000–£140,000	£260,000–£430,000
Head of Model Risk / Validation	£190,000–£280,000	£65,000–£130,000	£255,000–£410,000
Associate / Senior Associate (AVP)	£75,000–£115,000	£20,000–£50,000	£95,000–£165,000

Retail & High Street Banks

Role / Title	Base Salary	Bonus (Typical)	Total Package
Chief Risk Officer	£250,000–£380,000	£70,000–£130,000	£320,000–£510,000
Head of Credit Risk (Retail)	£150,000–£230,000	£40,000–£80,000	£190,000–£310,000
Head of Operational Risk	£140,000–£210,000	£35,000–£65,000	£175,000–£275,000
Head of Risk Analytics	£140,000–£210,000	£35,000–£65,000	£175,000–£275,000
Senior Risk Manager	£70,000–£105,000	£8,000–£25,000	£78,000–£130,000

Asset & Wealth Management

Role / Title	Base Salary	Bonus (Typical)	Total Package
CRO (Multi-asset / Hedge Fund)	£250,000–£420,000	£80,000–£200,000	£330,000–£620,000
Head of Investment Risk	£180,000–£280,000	£60,000–£130,000	£240,000–£410,000
Head of Quantitative Risk / Analytics	£160,000–£250,000	£50,000–£110,000	£210,000–£360,000
Senior Risk Manager (VP)	£85,000–£130,000	£20,000–£50,000	£105,000–£180,000

Fintech, Challenger Banks & Payments

Role / Title	Base Salary	Bonus (Typical)	Total Package
CRO (Series B+ / Challenger Bank)	£200,000–£320,000	£40,000–£90,000	£240,000–£410,000
Head of Credit Risk / Decisioning	£140,000–£210,000	£30,000–£65,000	£170,000–£275,000
Head of Risk Analytics / Data Science	£130,000–£200,000	£25,000–£60,000	£155,000–£260,000
Senior Risk Manager	£75,000–£115,000	£10,000–£30,000	£85,000–£145,000

Private Equity, Private Credit & Alternatives

Role / Title	Base Salary	Bonus (Typical)	Total Package
CRO (Private Credit / Direct Lender)	£220,000–£350,000	£80,000–£180,000	£300,000–£530,000
Head of Portfolio Risk / Credit Risk	£190,000–£300,000	£70,000–£150,000	£260,000–£450,000
Head of Risk Analytics / Quantitative Risk	£170,000–£270,000	£60,000–£130,000	£230,000–£400,000
Senior Risk Manager (VP)	£90,000–£140,000	£25,000–£60,000	£115,000–£200,000
Risk Manager (Mid-Senior)	£65,000–£95,000	£12,000–£35,000	£77,000–£130,000

Source: Broadgate UK Financial Services Salary Guide, June 2026. Salary ranges reflect base compensation unless otherwise stated; bonus and total package figures are indicative and exclude pension, LTIP, carried interest and equity unless stated in the source guide. For alternatives managers, carried interest is excluded and can represent a multiple of base salary over a typical fund cycle.