Compliance Associate salary in Iceland

Average Yearly Salary of Compliance Associate in Iceland is approximately 12,310,390 ISK (85,899 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 Compliance Associate do?

A compliance associate is responsible for ensuring that a company or organization adheres to all relevant laws, regulations, and industry standards. They work closely with management and employees to develop and implement policies and procedures that promote compliance. This includes conducting risk assessments, monitoring activities, and providing guidance on compliance issues. Compliance associates also assist in the preparation of reports and documentation for audits and regulatory inspections. They may be involved in training programs to educate employees about compliance requirements and best practices. Strong attention to detail, analytical skills, and knowledge of relevant laws and regulations are essential for this role.

Skills: compliance, regulatory compliance, risk assessment, policy development, audit preparation, training programs
Job industry: Finance

How much does Compliance Associate make?

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


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Salary comparison to National average

Is Compliance Associate a well paid job?

Yes, our data shows that Compliance Associate 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 Compliance Associate?

High salary for Compliance Associate would be somewhere between 13,541,429 ISK and 17,850,066 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Compliance Associate 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: 12,310,390 ISK
Estimated Monthly Salary: 1,025,866 ISK
Estimated Weekly Salary: 236,738 ISK per week
Estimated Hourly Salary: 5,918 ISK per hour
By working as Compliance Associate a person can save up to 4,429 USD per month or 53,153 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 Compliance Associate

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.

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Data as of 2025

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