Senior Compliance Specialist salary in Iceland

Average Yearly Salary of Senior Compliance Specialist in Iceland is approximately 14,472,763 ISK (101,487 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 Senior Compliance Specialist do?

A senior compliance specialist is responsible for ensuring that an organization operates within legal and regulatory boundaries. They develop and implement compliance programs, policies, and procedures to mitigate risks associated with non-compliance. They conduct audits and assessments to identify areas of improvement and ensure adherence to industry standards. Senior compliance specialists also provide guidance and training to employees on compliance issues and monitor changes in laws and regulations to ensure the organization remains in compliance. They collaborate with internal teams and external stakeholders to address compliance concerns and resolve any violations. This role requires strong analytical and problem-solving skills, as well as excellent communication and leadership abilities.

Skills: senior compliance specialist, regulatory compliance, risk mitigation, compliance programs, audits and assessments, industry standards.
Job industry: Finance

How much does Senior Compliance Specialist make?

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


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Salary comparison to National average

Is Senior Compliance Specialist a well paid job?

Yes, our data shows that Senior 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 Senior Compliance Specialist?

High salary for Senior Compliance Specialist would be somewhere between 15,920,039 ISK and 20,985,506 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior 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: 14,472,763 ISK
Estimated Monthly Salary: 1,206,064 ISK
Estimated Weekly Salary: 278,322 ISK per week
Estimated Hourly Salary: 6,958 ISK per hour
By working as Senior Compliance Specialist a person can save up to 5,728 USD per month or 68,741 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 Senior Compliance Specialist

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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