A person working as Bank Operational Risk Manager in Ras Al Khaimah typically earns around 29,000 AED. Salaries range from 13,300 AED (lowest) to 46,100 AED (highest).
This is the average salary including housing, transport, and other benefits. Bank Operational Risk Manager salaries in Ras Al Khaimah vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Minimum Salary 13,300 AED |
Median 27,700 AED |
Maximum 46,100 AED |
Salaries for the position Bank Operational Risk Manager in Ras Al Khaimah range from 13,300 AED (starting salary) to 46,100 AED (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
With a median salary of 27,700 AED, half of the professionals who work as Bank Operational Risk Manager in Ras Al Khaimah earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Bank Operational Risk Manager in Ras Al Khaimah earn less than 22,300 AED, while 75% earn more. Similarly, the chart shows that 75% earn less than 31,900 AED while 25% earn more.
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Bank Operational Risk Manager in Ras Al Khaimah compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 16,600 AED to 24,100 AED. About 20% of salaries are below the 16,600 AED mark, while 10% fall within the range of 24,100 AED to 27,500 AED. Only 5% of individuals have salaries exceeding 27,500 AED.
0 - 2 Years | 15,100 AED | |
2 - 5 Years | +34% | 20,200 AED |
5 - 10 Years | +48% | 29,900 AED |
10 - 15 Years | +22% | 36,400 AED |
15 - 20 Years | +9% | 39,700 AED |
20+ Years | +8% | 43,000 AED |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Bank Operational Risk Manager and this is what we found.
Employees with less than two years of experience earn approximately 15,100 AED.
While someone with an experience level between two and five years is expected to earn 20,200 AED, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 29,900 AED, 48% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 36,400 AED, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 39,700 AED, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 43,000 AED, 8% more than people with fifteen to twenty years of experience.
Bachelor's Degree | 17,600 AED | |
Master's Degree | +93% | 34,000 AED |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Bank Operational Risk Manager in order to make a comparison.
Employees at this education level have an average salary of 17,600 AED.
At this level, the average salary becomes 34,000 AED, 93% more than the previous level.
A Master's degree program or any post-graduate program in United Arab Emirates costs anywhere from 71,700 AED to 215,000 AED and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Bank Operational Risk Manager in United Arab Emirates, the average difference between the salary of male and female employees is 7%.
Male | 32,700 AED | |
Female | -6% | 30,700 AED |
Individuals working as Bank Operational Risk Manager in United Arab Emirates are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
Received Bonus | % | |
No Bonus | 100% |
The most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
The main two types of jobs | |
Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
The minimum pay rate per hour for people working as Bank Operational Risk Manager in Ras Al Khaimah is 77 AED. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Job Title | Average Salary |
Banking | -100% | |
AML Analyst | 20,900 AED | -28% |
Assistant Bank Branch Manager | 18,300 AED | -37% |
Assistant Bank Manager | 24,600 AED | -15% |
ATM Manager | 21,200 AED | -27% |
ATM Service Technician | 4,560 AED | -84% |
Bank Accounts Analyst | 7,310 AED | -75% |
Bank Accounts Collector | 4,010 AED | -86% |
Bank Accounts Controller | 9,860 AED | -66% |
Bank Accounts Executive | 15,800 AED | -46% |
Bank Accounts Manager | 17,300 AED | -40% |
Bank Auditing Manager | 18,100 AED | -38% |
Bank Branch Manager | 24,500 AED | -15% |
Bank Branch Operations Coordinator | 10,900 AED | -62% |
Bank Clerk | 3,820 AED | -87% |
Bank Client Service Associate | 5,780 AED | -80% |
Bank Collector | 4,190 AED | -86% |
Bank Compliance Specialist | 13,100 AED | -55% |
Bank Manager | 31,200 AED | +8% |
Bank Operational Risk Manager | 29,000 AED | +0% |
Bank Operations Head | 29,800 AED | +3% |
Bank Operations Officer | 11,600 AED | -60% |
Bank Operations Specialist | 17,700 AED | -39% |
Bank Process Manager | 16,000 AED | -45% |
Bank Product Manager | 19,100 AED | -34% |
Bank Programme Manager | 20,100 AED | -31% |
Bank Project Manager | 23,600 AED | -19% |
Bank Propositions Manager | 21,600 AED | -26% |
Bank Quantitative Analyst | 14,100 AED | -51% |
Bank Regional Manager | 33,000 AED | +14% |
Bank Regional Risk Officer | 16,200 AED | -44% |
Bank Relationship Manager | 22,300 AED | -23% |
Bank Relationship Officer | 9,640 AED | -67% |
Bank Sustainability Analyst | 18,100 AED | -38% |
Bank Teller | 4,410 AED | -85% |
Banker | 9,940 AED | -66% |
Banking Business Analyst | 15,600 AED | -46% |
Banking Business Development Officer | 8,930 AED | -69% |
Banking Business Planning Executive | 22,000 AED | -24% |
Banking Data Analyst | 17,400 AED | -40% |
Banking Product Manager | 18,500 AED | -36% |
Banking Reference Data Manager | 17,100 AED | -41% |
Banking Regulatory Compliance Officer | 18,500 AED | -36% |
Banking Risk Analyst | 15,500 AED | -47% |
Banking Technical Analyst | 7,780 AED | -73% |
Bankruptcy Coordinator | 10,400 AED | -64% |
Bill and Account Collector | 4,750 AED | -84% |
Blockchain Analyst | 13,400 AED | -54% |
Blockchain Architect | 14,700 AED | -49% |
Blockchain Auditor | 13,300 AED | -54% |
Blockchain Compliance Analyst | 14,300 AED | -51% |
Blockchain Consultant | 14,000 AED | -52% |
Blockchain Trade Facilitator | 12,800 AED | -56% |
Budget Analyst | 15,300 AED | -47% |
Capital Risk Manager | 29,400 AED | +1% |
Cards Marketing Manager | 19,000 AED | -34% |
Cash Management Manager | 28,200 AED | -3% |
Check Processing Manager | 21,200 AED | -27% |
Chief Blockchain Officer | 17,700 AED | -39% |
Commercial Vault Associate | 15,500 AED | -47% |
Corporate Banker | 10,800 AED | -63% |
Corporate Dealer | 15,500 AED | -47% |
Credit Analyst | 12,100 AED | -58% |
Credit and Collections Manager | 20,700 AED | -29% |
Credit Card Fraud Investigator | 16,100 AED | -44% |
Credit Portfolio Manager | 28,500 AED | -2% |
Credit Risk Analyst | 17,800 AED | -39% |
Credit Risk Associate | 16,400 AED | -43% |
Cryptocurrency Accountant | 8,850 AED | -69% |
Cryptocurrency Adviser | 19,000 AED | -34% |
Cryptocurrency Analyst | 14,400 AED | -50% |
Cryptocurrency Compliance Manager | 17,000 AED | -41% |
Cryptocurrency Trader | 15,600 AED | -46% |
Digital Banking Manager | 22,000 AED | -24% |
Digital Currency Analyst | 15,200 AED | -48% |
Direct Bank Sales Representative | 10,900 AED | -62% |
Exchange Control Consultant | 15,800 AED | -46% |
Executive Account Analyst | 15,500 AED | -47% |
Financial Bank Planning Consultant | 20,900 AED | -28% |
Financial Banking Analysis Manager | 23,400 AED | -19% |
Financial Banking Assistant | 6,910 AED | -76% |
Financial Banking Systems Manager | 20,800 AED | -28% |
Foreign Exchange Manager | 23,200 AED | -20% |
Fraud Analyst | 16,200 AED | -44% |
Fraud Detection Associate | 11,200 AED | -61% |
Fraud Detection Manager | 25,100 AED | -13% |
Fraud Detection Supervisor | 12,900 AED | -56% |
Internal Bank Audit Manager | 30,100 AED | +4% |
Internal Bank Auditor | 14,400 AED | -50% |
Internal Private Banker | 10,400 AED | -64% |
International Banking Manager | 32,900 AED | +13% |
Investment Banking Analyst | 23,700 AED | -18% |
Loan Analyst | 14,500 AED | -50% |
Loan Area Manager | 19,400 AED | -33% |
Loan Audit Team Leader | 18,100 AED | -38% |
Loan Branch Manager | 16,700 AED | -42% |
Loan Business Development Officer | 8,720 AED | -70% |
Loan Clerk | 4,700 AED | -84% |
Loan Collection and Recovery Manager | 18,500 AED | -36% |
Loan Collection Manager | 17,900 AED | -38% |
Loan Collector | 4,230 AED | -85% |
Loan Examiner | 5,700 AED | -80% |
Loan Officer | 4,900 AED | -83% |
Loan Processing Manager | 16,500 AED | -43% |
Loan Processor | 6,320 AED | -78% |
Loan Quality Assurance Auditor | 14,900 AED | -49% |
Loan Quality Assurance Manager | 17,200 AED | -41% |
Loan Quality Assurance Representative | 11,400 AED | -61% |
Loan Review Manager | 16,800 AED | -42% |
Loan Team Leader | 15,300 AED | -47% |
Loans Manager | 20,300 AED | -30% |
Mortgage Advisor | 10,500 AED | -64% |
Mortgage Collection Manager | 17,400 AED | -40% |
Mortgage Collector | 4,080 AED | -86% |
Mortgage Credit Analyst | 7,690 AED | -73% |
Mortgage Credit Manager | 16,500 AED | -43% |
Mortgage Development Manager | 19,800 AED | -32% |
Mortgage Document Reviewer | 6,070 AED | -79% |
Mortgage Funding Manager | 19,300 AED | -33% |
Mortgage Operations Manager | 28,000 AED | -3% |
Mortgage Payment Processing Clerk | 4,790 AED | -83% |
Mortgage Processing Manager | 17,500 AED | -40% |
Mortgage Processor | 6,290 AED | -78% |
Mortgage Quality Assurance Auditor | 14,900 AED | -49% |
Mortgage Quality Assurance Manager | 17,800 AED | -39% |
Mortgage Servicing Clerk | 4,260 AED | -85% |
Mortgage Servicing Manager | 16,800 AED | -42% |
Mortgage Underwriter | 5,440 AED | -81% |
Online Banking Manager | 28,700 AED | -1% |
Open Banking Strategist | 16,000 AED | -45% |
Payment Processing Clerk | 4,460 AED | -85% |
Personal Banker | 10,700 AED | -63% |
Personal Banking Advisor | 11,400 AED | -61% |
Phone Banker | 6,940 AED | -76% |
Private Banker | 10,800 AED | -63% |
Reconciliation and Investigation Specialist | 11,700 AED | -60% |
Tax Officer | 8,410 AED | -71% |
Teller | 4,380 AED | -85% |
Trade Officer | 5,230 AED | -82% |
Trade Product Manager | 17,900 AED | -38% |
Trader | 6,970 AED | -76% |
Treasury Operations Officer | 13,200 AED | -54% |
Wealth Management Advisor | 22,200 AED | -23% |
City | Average Salary |
Abu Dhabi | 33,800 AED |
Al Ain | 30,700 AED |
Dubai | 36,100 AED |
Fujairah | 29,700 AED |
Ras Al Khaimah | 29,000 AED |
Sharjah | 32,300 AED |
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in United Arab Emirates is 6% on average across all career fields.
Private Sector | 13,800 AED | |
Public Sector | +6% | 14,700 AED |
A good and competitive compensation would range anywhere between 27,700 AED and 31,900 AED. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
The base salary for a careers like Bank Operational Risk Manager in Ras Al Khaimah ranges from 13,300 AED to 22,300 AED. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary