Home > Salary > Iceland > Deposit Operations Manager
A Deposit Operations Manager is responsible for overseeing the day-to-day operations of a financial institution's deposit accounts. They ensure that all transactions related to deposits, withdrawals, and transfers are processed accurately and efficiently. This role involves managing a team of deposit operations staff, monitoring account activity, reconciling discrepancies, and ensuring compliance with banking regulations and policies. The Deposit Operations Manager also collaborates with other departments such as customer service, risk management, and IT to streamline processes and improve customer experience. Strong analytical skills, attention to detail, and knowledge of banking procedures are essential for this role.
Estimated Yearly Salary: 10,860,628 ISK
Estimated Monthly Salary: 905,052 ISK
Estimated Weekly Salary: 208,858 ISK per week
Estimated Hourly Salary: 5,221 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 877,257 ISK
Estimated Weekly Salary: 202,444 ISK per week
Estimated Hourly Salary: 5,061 ISK per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 76,137 USD
Estimated Monthly Salary: 6,345 USD
Estimated Weekly Salary: 1,464 USD per week
Estimated Hourly Salary: 37 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 10,860,628 ISK
Estimated Monthly Salary: 905,052 ISK
Estimated Weekly Salary: 208,858 ISK per week
Estimated Hourly Salary: 5,221 ISK per hour
By working as Deposit Operations Manager a person can save up to 3,616 USD per month or 43,391 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 Deposit Operations Manager
Last revision of data: 2025-01-04
Data as of 2025
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Deposit Operations Manager salary in Iceland
Average Yearly Salary of Deposit Operations Manager in Iceland is approximately 10,860,628 ISK (76,137 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 Deposit Operations Manager do?
A Deposit Operations Manager is responsible for overseeing the day-to-day operations of a financial institution's deposit accounts. They ensure that all transactions related to deposits, withdrawals, and transfers are processed accurately and efficiently. This role involves managing a team of deposit operations staff, monitoring account activity, reconciling discrepancies, and ensuring compliance with banking regulations and policies. The Deposit Operations Manager also collaborates with other departments such as customer service, risk management, and IT to streamline processes and improve customer experience. Strong analytical skills, attention to detail, and knowledge of banking procedures are essential for this role.
Skills: Deposit Operations Manager, Banking, Financial Services, Account Management, Compliance, Team Leadership
Job industry: Banking
Job industry: Banking
How much does Deposit Operations Manager make?
Salary details
How much does Deposit Operations Manager make?Estimated Yearly Salary: 10,860,628 ISK
Estimated Monthly Salary: 905,052 ISK
Estimated Weekly Salary: 208,858 ISK per week
Estimated Hourly Salary: 5,221 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 10,527,088 ISKEstimated Monthly Salary: 877,257 ISK
Estimated Weekly Salary: 202,444 ISK per week
Estimated Hourly Salary: 5,061 ISK per hour
Last revision of data: 2024-01-09Deposit Operations Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 76,137 USD
Estimated Monthly Salary: 6,345 USD
Estimated Weekly Salary: 1,464 USD per week
Estimated Hourly Salary: 37 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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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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 Deposit Operations Manager job salary compared to average salary in Iceland.
Comparison shows that a person working as Deposit Operations Manager in Iceland earns on average:
1.21 times the average salary (or 121% 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 Deposit Operations Manager job salary compared to average salary in Iceland.
Comparison shows that a person working as Deposit Operations Manager in Iceland earns on average:
1.21 times the average salary (or 121% of average salary).
Is Deposit Operations Manager a well paid job?
No / we do not have enough data to assess this.What is considered a high salary for Deposit Operations Manager?
High salary for Deposit Operations Manager would be somewhere between 11,946,691 ISK and 15,747,911 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Deposit Operations Manager 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: 10,860,628 ISK
Estimated Monthly Salary: 905,052 ISK
Estimated Weekly Salary: 208,858 ISK per week
Estimated Hourly Salary: 5,221 ISK per hour
By working as Deposit Operations Manager a person can save up to 3,616 USD per month or 43,391 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 Deposit Operations Manager
Norway is 106,438 USD
United Kingdom is 49,919 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:
Sap database administrator (11,813,660 ISK per year, pre-tax.)
Craft artist (6,959,110 ISK per year, pre-tax.)
General manager fitness club (8,294,143 ISK per year, pre-tax.)
Animator (9,128,725 ISK per year, pre-tax.)
Gis web developer (8,382,486 ISK per year, pre-tax.)
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