Director Risk Management Risk Control salary in Iceland

Average Yearly Salary of Director Risk Management Risk Control in Iceland is approximately 23,461,498 ISK (164,207 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 Director Risk Management Risk Control do?

The occupation of a Director of Risk Management and Risk Control involves overseeing an organization's risk management strategies and ensuring the implementation of effective risk control measures. This role requires analyzing potential risks, developing risk management policies, and monitoring compliance with regulatory requirements. The director collaborates with various departments to identify and mitigate risks, conducts risk assessments, and designs risk management frameworks. They also provide guidance on insurance coverage, develop crisis management plans, and lead the response to crises or incidents. Additionally, the director communicates risk management strategies to stakeholders and advises senior management on risk-related matters.

Skills: Risk Management, Risk Control, Risk Assessment, Compliance, Crisis Management, Insurance Coverage
Job industry: Insurance

How much does Director Risk Management Risk Control make?

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


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Salary comparison to National average

Is Director Risk Management Risk Control a well paid job?

Yes, our data show that Director Risk Management Risk Control is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Director Risk Management Risk Control?

High salary for Director Risk Management Risk Control would be somewhere between 25,807,648 ISK and 34,019,172 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Director Risk Management Risk Control 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: 23,461,498 ISK
Estimated Monthly Salary: 1,955,125 ISK
Estimated Weekly Salary: 451,183 ISK per week
Estimated Hourly Salary: 11,280 ISK per hour
By working as Director Risk Management Risk Control a person can save up to 10,955 USD per month or 131,461 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 Director Risk Management Risk Control

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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