Pay data
Salary benchmarks by function
Current compensation ranges for credit risk, compliance, KYC and AML, technology risk, security and front-office roles, drawn from live mandate data.
See the benchmarksBFSI recruitment · India
BFSI recruitment agency for banks, NBFCs, insurers and wealth firms in India
Credit risk, compliance and financial crime, technology risk, operations leadership and front-office hiring, with the regulatory context already understood. Calibrated shortlists in two to three weeks. Success-fee, paid only on joining.
Brief us on a BFSI roleThe cost of a regulated role staying open
In a regulated institution, an open seat is rarely just a productivity gap. A vacant financial crime lead is an obligation being carried informally by people who already have a full remit. An unfilled credit risk position is a policy decision that keeps getting deferred. A missing technology risk manager is an audit finding waiting for its next cycle. The business absorbs it quietly until it cannot, and then the hire becomes urgent, which is the worst condition under which to make it.
What makes these roles slow to fill is not candidate scarcity. It is that the title travels badly. A compliance manager at a large private bank, at a mid-sized NBFC, and at a global bank's India operations centre do materially different jobs under the same words. So do a credit risk analyst pricing unsecured retail and one running wholesale exposure. Screening on the title produces a shortlist that looks reasonable and fails the hiring manager's first conversation.
We work only in this sector, so we screen on the substance. Before a profile reaches you, someone who understands the difference has formed and written a view on whether this person will succeed in your institution, not in the category.
BFSI roles we recruit for
| Function | Typical roles | Published pay data |
|---|---|---|
| Credit & risk | Credit risk, portfolio risk, risk analytics, collections risk, model risk | Credit risk benchmarks |
| Compliance & financial crime | Compliance leads, AML and sanctions, fraud risk, regulatory reporting | Compliance benchmarks |
| KYC & operations | KYC and AML operations, onboarding, quality assurance, operations leadership | KYC and AML benchmarks |
| Technology risk & security | Technology risk, IT audit, information and application security | Technology risk · Security |
| Banking technology | Core banking, payments and lending platform engineering, data engineering | Sector hiring picture |
| Front office | Private banking and wealth relationship managers, coverage, product sales | Private banking and wealth |
| Platform | Salesforce Financial Services Cloud engineering and business analysis | Salesforce in financial services |
The complete discipline map with seniority bands is on roles we hire. Segment-specific detail sits on banking and NBFCs and financial services.
How to compare recruitment partners for a regulated institution
Most vendor comparisons in BFSI hiring turn into a fee negotiation, which is the least informative axis available. Four questions separate partners more reliably.
Can they describe your regulatory context unprompted? If your team has to explain the difference between a bank's and an NBFC's compliance obligations before shortlisting can start, that education is being funded out of your hiring managers' calendars.
Is the assessment written and specific? "Strong candidate, good communication" is not an assessment. A view on whether this person's experience maps to your reporting line, your systems and your risk appetite is.
How do they handle candidate personal data? Under India's Digital Personal Data Protection Act 2023 a partner's data handling is your exposure too. We publish ours: ISO/IEC 27001:2022 certification, explicit and withdrawable candidate consent, primary data stored in India, and no automated decision-making about people. It is all on our trust page.
What happens when a placement does not work? Ask before the mandate, not after. Our search is success-fee with a 90-day post-joining follow-up, so the incentive to place someone unsuitable does not exist on our side of the table.
A longer version of this checklist, written for buyers rather than for us, is in choosing a people advisory partner.
BFSI recruitment: common questions
What does BFSI recruitment cover?
BFSI covers banking, financial services and insurance: commercial and retail banks, NBFCs, housing finance companies, insurers, asset and wealth managers, capital markets firms, and the technology and operations functions inside all of them. In India it also increasingly means the global capability centres these institutions run, which behave like a distinct labour market of their own.
What should a bank or NBFC check before signing with a recruitment partner for recurring roles?
Whether the partner can describe your regulatory context without being briefed on it; whether their assessment is written and specific rather than a covering note; how they handle candidate personal data, which under the DPDP Act 2023 is your exposure as well as theirs; and what happens commercially when a placement does not work out. A partner who cannot answer the first will consume your hiring managers' time learning on the job.
Do you recruit for regulated roles such as compliance and financial crime?
Yes, and they are among our most frequent mandates. Compliance, financial crime, KYC and AML operations, credit risk and technology risk are core to the practice. These are roles where a candidate can hold the right title and still be wrong for the institution, because the substance differs between a bank, an NBFC and a captive operations centre.
How is a specialist BFSI recruiter different from a generalist agency?
A specialist already knows the institutions, the reporting lines and the compensation bands before the mandate starts, so calibration happens up front rather than through three rounds of rejected shortlists. A generalist desk learns your market on your time, and that learning cost is invisible on the invoice and expensive on the calendar. The full comparison is here.
Which cities do you cover for BFSI hiring in India?
Mumbai, Bengaluru, Delhi NCR, Hyderabad, Pune and Chennai, worked continuously. Mumbai carries the banking, wealth and capital markets weight, Bengaluru the technology and GCC concentration, Delhi NCR lending, insurance and enterprise sales, and Hyderabad, Pune and Chennai the captive technology and operations centres.
What is your fee model for BFSI recruitment?
Success-fee, payable when a candidate joins. No retainer, and no fee for shortlist or assessment work that does not result in a placement. Fees are agreed before a mandate starts and reflect role seniority and search difficulty.
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Filling a director or head-of-function seat?
Above the specialist search line, leadership mandates run as retained executive search. What changes in process, timing and terms.
Executive searchSend a brief
Have a regulated role that keeps stalling?
Send us the brief and what has already been tried. We will tell you honestly whether it is a fit and what the market will do with it.
- Read by a senior member of the team, not an intake queue
- A reply within one working day: the realistic candidate pool, the pay band, the timeline, and whether we are the right partner
- Success-fee: you pay only when the candidate joins
Prefer the full form? Brief us on /engage/. Want to write a proper brief first? Use the two-page template. Candidates: this form reaches business development, not the talent team; share your profile here.