MALTA PROFESSIONAL

& FINANCIAL SERVICES

SALARY SURVEY

2023 Edition

MANAGING DIRECTOR’S INTRODUCTION
Welcome to the 2023 Edition of the Boston Link
Malta Professional and Financial Services Salary
Survey. Now in our 8th year of production and
averaging 25,000 downloads annually, the
Boston Link Salary Survey has become the
definitive guide salary benchmarking in Malta.
This guide covers salaries for roles across
Executive Level, Audit and Assurance, Banking,
Funds and Trust services, Risk and Compliance,
and Insurance Services.
As a recruitment company specializing in the
Financial Services sector, we have a deep
understanding of the challenges that companies
face in employee recruitment and retention. Our
goal with this report is to provide valuable insights
that can help both employers and job seekers
make informed decisions about hiring, employee
retention and career development.
With changes in the industry in recent years, it is
essential that companies operating in the financial
industry stay competitive in terms of salaries and
benefits to attract and retain top talent.
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We have examined new roles and
expertise that have been in demand in
the last year and their salary market
trends.
This annual report is free and available
to be downloaded by anybody
interested in our data. Due to high
demand, we also do tailored bespoke
salary surveys within companies and
departments priced and produced at
your request. Please get in touch with
me if this is of interest.
Julian Perigo
Managing Director
julian.perigo@boston-link.com
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04 ABOUT BOSTON LINK

TALENT ACQUISITION
05 HIGHLIGHTS

CONTENTS
06 TESTIMONIALS

07 SALARY DATA

12 CONTACT US
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ABOUT • Established in 2014 as a specialist recruitment consultancy for

BOSTON
industries in Professional, Insurance, Legal and Financial
services.

LINK
• Offices in Malta, Netherlands, Isle of Man and London.

• International Consultants with extensive practical experience of

working in the financial industry, giving them a deep functional
knowledge of their market.

• Diversity is an important part of our culture, we understand the

benefits of fostering an inclusive workplace. We employ 10
different nationalities in our team and we placed 37 different
nationalities with our clients in 2022/23.

• We are proud of our CSR Projects, doing out bit in society. In

2022; Beach Clean ups, Ukrainian fundraising, Victory Kitchen
Raffle, Karl Vella Foundation, Natures Trust and Fondazzjoni Sebh.

• As a team, we strongly believe in the power of sport. We

currently have racket Sport Sponsorships with; Padel Malta, VLTC
Tennis and Hilton Squash.

• 2023 has seen the launch of our iGaming USA Talent desk.

We take pride in the difference we can make • Our Link Talent brand has seen huge growth in the last year,
and that’s why we have a strong purpose to recruiting in hospitality, aviation and pharma.
everything we do. We are passionate about • We are Flexa Careers accredited for a 2nd year running,
creating opportunity to reach potential. recognising our efforts in promoting flexibility for our employees.
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TALENT ACQUISITION
HIGHLIGHTS 2023

• Chief Accountant, Insurance • Statistical Analyst, Insurance

• Fund Accountant, Fund Management Services
• Finance Manager, Financial Management
• CFO, Payment Solution
• Risk Officer, Insurance
• MLRO, Payment Solution
• Senior Accountant, Corporate and Fund Services, London
• Operations Analyst, Payment Solutions
• Finance Manager, Investment Services
• Group Head of Reporting, Insurance
• Client Services Manager, Capital Investment Services
• Senior Corporate Administrator, Financial Services
• Compliance Officer, Risk Management
• Financial Controller, Investment Capital
• CFO, Insurance
• Head of Finance, Financial Services

TESTIMONIALS
“Julian helped me a lot throughout
the process by giving me tips and
full information about the role. He
also consistently checked on me
whether I had any issues or
anything prior to arrival in Malta.
Thanks a lot, Julian. Appreciate it.”
Fund Accounting Manager
“Tom is a very
understanding and
professional employee, I
would recommend him
to anybody looking for a
placement!”
CFO
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“Mark is one of the best recruiter’s out
there. He is honest, proactive, reliable
and has a unique interpersonal approach
ensuring understanding, support and
“Highly dedicated professional. professionalism. Keep up the great work.”
Understands job requirements
perfectly and goes above and MLRO
beyond. Mark has exceptional
people skills and I am extremely
grateful or his support.”
Operations Officer “Tom was really helpful, and
very easy to communicate with.
He provided me with all
information that helped
to deliver my best at the
interview. Thank you.”
Senior Finance Officer
“Tom described the
position in detail and his
“Mark is very eager to
approach to me was very
give me some advice or
polite and professional. He
tips on how to stand out
is a kind gentleman.” “I met Julian in person and he
the interview. Also, he
keep me informed Office Manager understands the industry, has a
about the progress of my great vision on making talent
job opportunities.” placement better for both the
companies and job seekers.”
Senior Accountant CTO
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AUDIT AND ASSURANCE

SALARY
JOB TITLE RANGE (€) MEDIAN (€)
DATA Accounts Assistant 19,000 - 23,000 21,000

Part-qualified Accountant 25,000 - 36,000 30,000

Accountant
(up to 2 years PQE) 28,000 - 38,000 32,000

Senior Accountant
(2 - 5 years PQE) 35,000 - 45,000 40,000

Accounting Manager 45,000 - 55,000 50,000

Senior Manager / 60,000 - 80,000 70,000

Associate Director

Director 80,000 - 100,000+ 90,000

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CORPORATE, FUNDS, FINANCE (BANKING, PAYMENTS,

PENSIONS & TRUST SERVICES ASSET MANAGEMENT & INSURANCE)

JOB TITLE RANGE (€) MEDIAN (€) JOB TITLE RANGE (€) MEDIAN (€)

Administrator / Analyst 22,000 - 30,000 26,000 Accounts Assistant 20,000 - 24,000 22,000

Senior Administrator / Part-qualified 25,000 - 36,000 30,000

36,000 - 40,000 38,000 Accountant
Analyst

Manager / Accountant
45,000 - 60,000 50,000 (up to 2 years PQE) 35,000 - 40,000 36,000
Company Secretary
Senior Accountant
Senior Manager / (2 - 5 years PQE) 38,000 - 50,000 45,000
60,000 - 80,000 70,000
Associate Director
Finance Manager 50,000 - 60,000 55,000
Director 80,000 - 110,000 90,000
Head of Finance 60,000 - 90,000 75,000
Non-Executive Director 18,000 - 30,000 24,000
CFO 90,000 - 120,000 100,000
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LEGAL, RISK AND COMPLIANCE

(BANKING, PAYMENTS, ASSET MANAGEMENT
AND INSURANCE)

JOB TITLE RANGE (€) MEDIAN (€)

Compliance Analyst / Executive 26,000 - 37,000 32,000

Risk Officer 30,000 - 37,000 34,000

Senior Compliance Officer 35,000 - 50,000 45,000

Compliance Manager 50,000 - 65,000 55,000

Risk Manager 50,000 - 65,000 55,000

Head of Risk 80,000 - 100,000 85,000

Head of Compliance & MLRO 75,000 - 100,000+ 85,000

JOB TITLE RANGE (€) MEDIAN (€)

Legal Counsel (1 - 4 years PQE) 35,000 - 45,000 40,000

Senior Legal Counsel 50,000 - 70,000 60,000

(5 years PQE +)

Head of Legal 70,000 - 100,000 85,000

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LEGAL AND COMPLIANCE

(CORPORATE AND PROFESSIONAL SERVICES)

JOB TITLE RANGE (€) MEDIAN (€) JOB TITLE RANGE (€) MEDIAN (€)

Compliance Analyst / Legal Counsel

Executive 26,000 - 37,000 32,000 35,000 - 45,000 40,000
(1 - 4 years PQE)

Senior Compliance 35,000 - 50,000 45,000 Senior Legal Counsel

Officer 50,000 - 70,000 60,000
(5 years PQE +)

Compliance Manager 50,000 - 65,000 55,000 Head of Legal 70,000 - 100,000 85,000

Head of Compliance 75,000 - 100,000+ 85,000

& MLRO
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INSURANCE SERVICES

JOB TITLE RANGE (€) MEDIAN (€)

Assistant Broker 18,000 - 22,000 20,000

Claims Handler 22,000 - 26,000 24,000

Claims Officer 23,000 - 28,000 25,000

Claims Analyst 23,000 - 28,000 26,000

Statistical Analyst 32,000 - 38,000 35,000

Risk Analyst 30,000 - 36,000 34,000

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Contact us

Julian Perigo Tom Smelt Tom Crampton Mark Cini Rebecca Perry
Managing Director UK & USA Director Finance & Legal Manager Senior Financial Consultant Marketing & Bus. Dev. Exec
julian.perigo@boston-link.com tom.smelt@boston-link.com tom.crampton@boston-link.com mark.cini@boston-link.com rebecca.perry@boston-link.com

Malta +35627041692 | UK 447716486495 | Netherlands +31653685776 Linkedin: https://www.linkedin.com/company/boston-link/

contactus@boston-link.com Facebook: https://www.facebook.com/BostonLinkRecruitment
www.boston-link.com Instagram: https://www.instagram.com/boston_link/ @boston_link