Banking Compliance Analyst salary in Nigeria

Average Yearly Salary of Banking Compliance Analyst in Nigeria is approximately 5,371,994 NGN (6,451 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 Banking Compliance Analyst do?

A banking compliance analyst is responsible for ensuring that a bank or financial institution complies with all applicable laws, regulations, and industry standards. They analyze and interpret complex regulatory requirements, assess the bank's policies and procedures, and develop strategies to mitigate compliance risks. Additionally, they monitor transactions, review internal controls, and conduct audits to identify any potential violations. This role requires strong attention to detail, analytical skills, and knowledge of banking laws and regulations. The banking compliance analyst also collaborates with various departments within the organization to implement compliance programs, provide training, and maintain documentation. They stay updated on regulatory changes and advise management on necessary actions to remain compliant. Overall, their goal is to protect the bank from legal and reputational risks and ensure a culture of compliance.

Skills: banking, compliance, analyst, regulatory compliance, risk management, financial regulations.
Job industry: Banking

How much does Banking Compliance Analyst make?

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


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Banking Compliance Analyst a well paid job?

Yes, our data shows that Banking Compliance Analyst 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 Banking Compliance Analyst?

High salary for Banking Compliance Analyst would be somewhere between 5,909,193 NGN and 7,789,391 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Banking Compliance Analyst in Nigeria?

Living in Nigeria the approximate monthly expenses are: 206 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: 5,371,994 NGN
Estimated Monthly Salary: 447,666 NGN
Estimated Weekly Salary: 103,308 NGN per week
Estimated Hourly Salary: 2,583 NGN per hour
By working as Banking Compliance Analyst a person can save up to 332 USD per month or 3,984 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 Nigeria, see costs of living in Nigeria.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Niger, Chad, Cameroon, Benin.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Banking Compliance Analyst

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 Nigeria

Data as of 2025

Random salary:
Patient data specialist (2,287,291 NGN per year, pre-tax.)
Program facilitator (2,445,353 NGN per year, pre-tax.)
Machinery operator (2,136,085 NGN per year, pre-tax.)
Sanitary engineer (4,356,005 NGN per year, pre-tax.)
Certified dietetics manager (cdm) (3,091,528 NGN per year, pre-tax.)

Feedback about these results