Trust Officer Banking salary in Iceland

Average Yearly Salary of Trust Officer Banking in Iceland is approximately 12,536,012 ISK (87,960 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 Trust Officer Banking do?

A trust officer in banking is a professional responsible for managing trusts and estates on behalf of clients. They work closely with clients to understand their financial goals and objectives, and then create and administer trust accounts accordingly. Trust officers ensure compliance with legal and regulatory requirements, and provide expert advice on estate planning, tax implications, and investment strategies. They oversee the distribution of assets, manage investments, and handle all administrative tasks related to trusts and estates. Additionally, trust officers may also act as fiduciaries, making decisions on behalf of clients when necessary.

Skills: Trust Officer, Banking, Wealth Management, Estate Planning, Fiduciary, Investment Management
Job industry: Banking

How much does Trust Officer Banking make?

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


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Salary comparison to National average

Is Trust Officer Banking a well paid job?

Yes, our data shows that Trust Officer Banking 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 Trust Officer Banking?

High salary for Trust Officer Banking would be somewhere between 13,789,613 ISK and 18,177,217 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Trust Officer Banking 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: 12,536,012 ISK
Estimated Monthly Salary: 1,044,668 ISK
Estimated Weekly Salary: 241,077 ISK per week
Estimated Hourly Salary: 6,027 ISK per hour
By working as Trust Officer Banking a person can save up to 4,601 USD per month or 55,214 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 Trust Officer Banking

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.

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Data as of 2025

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