#Risk network - what do you think?
Founder of Hemans. | Corporate Governance Recruitment Specialists | Uncovering the best Risk & Analytics, Compliance and Audit Talent
'Chief Risk Officer' and 'Head of Risk' roles have been increasing this year in the US, according to LinkedIn data. I had a feeling just from being embedded in the market that this was the case, and so I went ahead and checked the data to see if I was going crazy. Here's what I found: ⬆️ There's been a 2% increase (or +118 more CRO's and Head's of Risk) in the last 12 months in the US. 📶 The fastest growing locations for these job titles are: Boston, MA (+16%!), followed closely by DFW, TX at 14%). 🚻 63% of professionals with these titles are male, with just 37% female. 💰 Average compensation coming in at $327,900. 🌏 Top locations: NYC and San Francisco. A lot of this, I think, comes down to how firms are integrating their growth and profitability aspirations with robust Risk management practices and not just focusing too much on the former. In 2023, leading into 2024, losses were higher, regulatory pressures kept increasing and the SVB saga helped to elevate the need for risk practices to become bigger, better and more effective - sometimes just for show maybe? The increase of Risk roles across all levels this year has been great to see, and although I think it will cool off once summer is over, now is the time to be proactive, not leave this hiring to the end of the year (too late to have much, if any, affect on your business), and undercut your competitors for the best talent. Curious to get my #risk network's thoughts on why you think Risk roles have increased this year? #risk #CRO #headofrisk #riskdata #hiring #trends #data #marketintelligence