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Compliance & Financial Crime Compliance Salary Report 2023 – Germany

The Danos Associates publishes its latest “Compliance & Financial Crime Compliance Germany Salary Guide 2023”. This report outlines salaries for roles within Banks, and includes key market insights including:

Market Insights

  • Frankfurt remains the financial hub of Germany and continues to grow. Many international firms are building out their European hubs in Germany, causing an increased demand in Compliance, Risk, and Legal hires.
  • Pressure from BaFin (Federal Financial Supervisory Authority) continues to increase with a large focus on AML (Ant-Money Laundering). BaFin has not hesitated in issuing fines to some of the largest Banks in Germany, stressing the message that everyone needs to be adhering to efficient AML standards. Due to this Banks and many other financial institutions need strong Financial Crime professionals, thus creating increased demand for Financial Crime professionals across Germany. In addition, we have seen a specific demand for Sanctions regulatory skill set due to the war between Russia and Ukraine.
  • Due to the continued demand for Compliance and Financial Crime professionals across Banks and other financial institutions the employment market in Germany has become much more competitive. This has led to a significant increase in counteroffers and candidates moving for salary increases of 20% minimum as firms compete for the best talent.
  • Overall, with the COVID-19 pandemic, the war in Ukraine, and the heightened pressure from BaFin, Germany, specifically Frankfurt remains one of the key centers of financial market stability. Germany will continue to see an increase in demand for top-caliber Compliance and Financial Crime professionals across Financial Services.

Request your free report with all the market insights and compensation levels, please contact our German hiring expert:

Isabel Anchebe l Associate Director, Head of Compliance, Europe
+44 (0) 203 889 5758 l

Isabel Anchebe

Associate Director, Head of Compliance, Europe

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