Bank Auditor salary in Iceland

Average Yearly Salary of Bank Auditor in Iceland is approximately 13,361,191 ISK (93,014 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Bank Auditor do?

A bank auditor is responsible for evaluating the financial records and operations of a bank to ensure compliance with regulatory requirements and internal policies. They conduct thorough examinations of financial statements, transaction records, and internal controls to identify any discrepancies, fraud, or operational inefficiencies. Bank auditors also assess risk management practices and make recommendations for improvements to enhance the bank's overall performance and mitigate potential risks. They work closely with bank management and staff to gather information, perform tests, and verify the accuracy and integrity of financial data. Strong analytical skills, attention to detail, and knowledge of banking regulations are essential for this role. The occupation of a bank auditor requires strong communication and interpersonal skills to effectively convey findings and recommendations to stakeholders.

Skills: Bank auditor, Financial analysis, Risk management, Regulatory compliance, Internal controls, Fraud detection
Job industry: Finance

How much does Bank Auditor make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Bank Auditor a well paid job?

Yes, our data shows that Bank Auditor is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Bank Auditor?

High salary for Bank Auditor would be somewhere between 14,697,310 ISK and 19,373,727 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Bank Auditor in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 13,361,191 ISK
Estimated Monthly Salary: 1,113,433 ISK
Estimated Weekly Salary: 256,946 ISK per week
Estimated Hourly Salary: 6,424 ISK per hour
By working as Bank Auditor a person can save up to 5,022 USD per month or 60,268 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Bank Auditor

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

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