Risk Inspection Manager salary in Iceland

Average Yearly Salary of Risk Inspection Manager in Iceland is approximately 6,063,855 ISK (42,334 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 Risk Inspection Manager do?

A risk control specialist is responsible for identifying, assessing, and mitigating potential risks within an organization. They analyze various aspects of the business operations, such as financial, operational, and strategic risks, to develop effective risk management strategies. The occupation requires a strong understanding of risk assessment methodologies, data analysis, and regulatory compliance. Risk control specialists conduct thorough risk assessments by evaluating internal processes, identifying gaps in controls, and recommending improvements to minimize potential risks. They also monitor industry trends, regulatory changes, and emerging risks to ensure the organization remains compliant and prepared. Key skills for a risk control specialist include critical thinking, problem-solving, attention to detail, and strong communication skills. They often collaborate with different departments, including finance, legal, and operations, to implement risk management strategies effectively.

Skills: Risk assessment, Risk management, Compliance, Data analysis, Regulatory changes, Risk mitigation.
Job industry: Insurance

How much does Risk Inspection Manager make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Risk Inspection Manager a well paid job?

No, our data shows that Risk Inspection Manager is typically not a well-paid job. The salary varies based on experience. Meaning that even though Risk Inspection Manager might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Risk Inspection Manager?

High salary for Risk Inspection Manager would be somewhere between 6,670,241 ISK and 8,792,590 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Risk Inspection 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: 6,063,855 ISK
Estimated Monthly Salary: 505,321 ISK
Estimated Weekly Salary: 116,613 ISK per week
Estimated Hourly Salary: 2,915 ISK per hour
By working as Risk Inspection Manager a person can save up to 799 USD per month or 9,588 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 Risk Inspection Manager

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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