Trust Operations Manager salary in Iceland

Average Yearly Salary of Trust Operations Manager in Iceland is approximately 12,795,615 ISK (89,595 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 Operations Manager do?

A Trust Operations Manager is responsible for overseeing the daily operations and administration of trust accounts within a financial institution or wealth management firm. They ensure compliance with legal and regulatory requirements, manage client relationships, and coordinate with various internal departments to execute trust transactions accurately and efficiently. This role involves supervising a team of trust administrators, providing guidance and training as needed, and resolving complex issues related to trust account management. Trust Operations Managers also collaborate with external parties such as attorneys, accountants, and auditors to ensure the proper handling of trust assets and timely reporting to beneficiaries. Strong organizational skills, attention to detail, and knowledge of trust laws and regulations are essential for success in this role.

Skills: Trust Operations Manager, Wealth Management, Financial Institution, Trust Account Management, Compliance, Client Relationship Management
Job industry: Banking

How much does Trust Operations 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 Trust Operations Manager a well paid job?

Yes, our data shows that Trust Operations Manager 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 Operations Manager?

High salary for Trust Operations Manager would be somewhere between 14,075,177 ISK and 18,553,642 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Trust 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: 12,795,615 ISK
Estimated Monthly Salary: 1,066,301 ISK
Estimated Weekly Salary: 246,070 ISK per week
Estimated Hourly Salary: 6,152 ISK per hour
By working as Trust Operations Manager a person can save up to 4,737 USD per month or 56,849 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 Operations 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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