Home > Salary > Iceland > Compliance Specialist
A compliance specialist is responsible for ensuring that an organization complies with all relevant laws, regulations, and industry standards. They develop and implement policies and procedures to ensure adherence to these requirements, monitor the organization's activities to identify any potential compliance issues, and provide guidance and training to employees to promote a culture of compliance. Compliance specialists also conduct audits and investigations to assess the organization's compliance status, and they work closely with regulatory agencies to ensure timely and accurate reporting.
Estimated Yearly Salary: 11,560,287 ISK
Estimated Monthly Salary: 963,357 ISK
Estimated Weekly Salary: 222,313 ISK per week
Estimated Hourly Salary: 5,558 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 930,430 ISK
Estimated Weekly Salary: 214,715 ISK per week
Estimated Hourly Salary: 5,368 ISK per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 81,080 USD
Estimated Monthly Salary: 6,757 USD
Estimated Weekly Salary: 1,559 USD per week
Estimated Hourly Salary: 39 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 11,560,287 ISK
Estimated Monthly Salary: 963,357 ISK
Estimated Weekly Salary: 222,313 ISK per week
Estimated Hourly Salary: 5,558 ISK per hour
By working as Compliance Specialist a person can save up to 4,028 USD per month or 48,334 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.
Estimated Yearly Salary for Compliance Specialist
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Night auditor (4,678,674 ISK per year, pre-tax.)
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Compliance Specialist salary in Iceland
Average Yearly Salary of Compliance Specialist in Iceland is approximately 11,560,287 ISK (81,080 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 Specialist do?
A compliance specialist is responsible for ensuring that an organization complies with all relevant laws, regulations, and industry standards. They develop and implement policies and procedures to ensure adherence to these requirements, monitor the organization's activities to identify any potential compliance issues, and provide guidance and training to employees to promote a culture of compliance. Compliance specialists also conduct audits and investigations to assess the organization's compliance status, and they work closely with regulatory agencies to ensure timely and accurate reporting.
Skills: Compliance specialist, Regulatory compliance, Policy development, Risk management, Auditing, Training
Job industry: Legal
Job industry: Legal
How much does Compliance Specialist make?
Salary details
How much does Compliance Specialist make?Estimated Yearly Salary: 11,560,287 ISK
Estimated Monthly Salary: 963,357 ISK
Estimated Weekly Salary: 222,313 ISK per week
Estimated Hourly Salary: 5,558 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 11,165,154 ISKEstimated Monthly Salary: 930,430 ISK
Estimated Weekly Salary: 214,715 ISK per week
Estimated Hourly Salary: 5,368 ISK per hour
Last revision of data: 2024-01-06Compliance Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 81,080 USD
Estimated Monthly Salary: 6,757 USD
Estimated Weekly Salary: 1,559 USD per week
Estimated Hourly Salary: 39 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Compliance Specialist job salary compared to average salary in Iceland.
Comparison shows that a person working as Compliance Specialist in Iceland earns on average:
1.29 times the average salary (or 129% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Compliance Specialist job salary compared to average salary in Iceland.
Comparison shows that a person working as Compliance Specialist in Iceland earns on average:
1.29 times the average salary (or 129% of average salary).
Is Compliance Specialist a well paid job?
Yes, our data shows that Compliance Specialist 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 Specialist?
High salary for Compliance Specialist would be somewhere between 12,716,316 ISK and 16,762,416 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Compliance Specialist 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: 11,560,287 ISK
Estimated Monthly Salary: 963,357 ISK
Estimated Weekly Salary: 222,313 ISK per week
Estimated Hourly Salary: 5,558 ISK per hour
By working as Compliance Specialist a person can save up to 4,028 USD per month or 48,334 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 Specialist
Norway is 112,949 USD
United Kingdom is 53,157 USD
Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Night auditor (4,678,674 ISK per year, pre-tax.)
Senior business consultant (18,532,037 ISK per year, pre-tax.)
Java android developer (16,170,454 ISK per year, pre-tax.)
Quality assurance supervisor (8,619,773 ISK per year, pre-tax.)
Forest ecologist (7,275,339 ISK per year, pre-tax.)
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