Bank Compliance Analyst salary in Iceland

Average Yearly Salary of Bank Compliance Analyst in Iceland is approximately 11,771,833 ISK (82,394 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 Compliance Analyst do?

A bank compliance analyst is responsible for ensuring that a financial institution operates in compliance with all applicable laws, regulations, and internal policies. They review and analyze various processes, procedures, and transactions to identify potential risks and violations. Their main duties include conducting risk assessments, monitoring and reporting on compliance issues, developing and implementing compliance programs, and providing guidance to employees on compliance matters. They also stay updated on changes in regulatory requirements and industry best practices to ensure the bank remains compliant.

Skills: Bank compliance, Regulatory compliance, Risk assessment, Internal policies, Financial institution, Compliance programs
Job industry: Banking

How much does Bank Compliance Analyst make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Bank Compliance Analyst a well paid job?

Yes, our data shows that Bank Compliance Analyst 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 Compliance Analyst?

High salary for Bank Compliance Analyst would be somewhere between 12,949,016 ISK and 17,069,158 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Bank Compliance Analyst 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: 11,771,833 ISK
Estimated Monthly Salary: 980,986 ISK
Estimated Weekly Salary: 226,381 ISK per week
Estimated Hourly Salary: 5,660 ISK per hour
By working as Bank Compliance Analyst a person can save up to 4,137 USD per month or 49,648 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 Compliance Analyst

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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