Long reads

What are the 8 best-paying jobs in financial services?

Non-financial benefits in a job compensation package can be the proverbial cherry on the cake, but the fact remains that monetary rewards cannot be overlooked, especially with the current cost of living crisis and spiralling interest rates.

The UK’s fintech sector is currently balancing that outlook, with expectations set to see the number of fintech companies double from 1,600 by 2030, giving rise to a buoyant fintech labour market requiring financial services professionals on all levels.

The sector currently contributes an estimated £11 billion as well as more than 76,000 jobs to the UK economy, and as it grows so will demand for talented staff.

If you already work in the wider financial services sector, a move into fintech might bring job security, and if you don’t, is it time to make a lateral move into a new sector? With all decisions, the real power comes from having insider knowledge: what are the roles you should be looking at? The best-paying ones, of course.

Top salaries

The Financial Services 2023 Salary Guide shows that across the sector, the role of chief financial officer is the highest paid at £160,250, followed by finance director (£130,500), head of regulatory reporting (£100,250), financial controller (£84,000), and fund controller (£81,750). Treasury managers can earn up to £74,240, finance managers top out at about £64,000, and tax accountants can earn up to £53,000.

For those who are working towards those roles or new to the sector, it’s worth noting that recent hiring trends show that while salaries are starting to stabilise, the war on talent is resulting in workers accepting counter-offers from current employers rather than jumping ship.

If you are happy in your current role and feel valued by your employer, but know you could earn more elsewhere, then it might be time to explore your options.

To get a thorough understanding of the job market and to learn what your value would be elsewhere, the Finextra Job Board should be your first port of call to discover what companies are hiring and what skills are in high demand.

Not all fintech companies are staffed by finance professionals, and you will discover roles in HR, engineering, quality assurance, and marketing. Discover three currently available roles below.

Business Banking Specialist, Starling Bank, Manchester

Role: As Business Banking Specialist with Starling Bank you will provide dedicated customer service to our clients, with accountability for sales, service, risk, and operational delivery.

Responsibilities: You will understand Starling’s risk appetite, and apply it in your reviews while identifying policy changes to improve customer experience. Additionally, you will support payment reviews and the risk assessment and confirmation of checks.

Requirements: You will have experience of working in financial services with the ability to speak confidently to key stakeholders, driven by a desire to offer a better banking experience.

Find out more about the Business Banking Specialist or browse all roles at Starling Bank.

Credit Risk Oversight Manager, Monzo, London

Role: The Credit Risk Oversight Manager will be part of the second line of defence on the credit risk team, providing support to colleagues in borrowing to help Monzo grow safely.

Responsibilities: You will analyse and monitor existing lending products performance, including developing and enhancing performance metrics, and will work closely with the first line of defence to ensure the lending products remain within the defined risk appetite.

Requirements: You will have experience of retail credit risk or business lending including industry practices for loans, overdrafts, and other short-term lending products. You are proficient at analysing data, building graphs, and looking for early indicators of trends.

Apply for the Credit Risk Oversight Manager role or browse all available roles with Monzo.

Rates Change Business Analyst Project Manager, Barclays, London

Role: The Rates Change Business Analyst Project Manager at Barclays represents an exciting opportunity to deliver on the group strategy and satisfy stakeholders.

Responsibilities: You will manage and support the Structured Products MGI project delivery to ensure on-time, effective delivery of front to back (F2B) outcomes in line with the programme business case, and create, manage, and own detailed reporting on the Structured Rates Book of Work.

Requirements: You will need an understanding of project management and change delivery experience, as well as the ability to master and navigate new subject domains quickly.

Apply for the Rates Change Business Analyst Project Manager job now, or see more opportunities with Barclays.

Want a new fintech role? Browse the Finextra Job Board to find your perfect fit.

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