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Financial Services

In Search of a New Breed of CRO

Subscribe to Financial Services 8/31/2012 Paul Gibson
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The price for ‘peace of mind’ has gone up and nowhere is that more evident than the compensation levels for Chief Risk Officers. If you are a large or medium-size regional bank looking to hire a new chief risk officer, you should expect to pay up to $1 million in annual compensation and potentially more depending on the size of the institution or the skills and experience needed. Demand for this talent has risen but there is a premium to pay and compensation has in many cases doubled compared to a few years ago.

Paul Gibson Partner +1 212 867 9876

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