Home > Salary > South Africa > Bank Compliance Officer
A bank compliance officer is responsible for ensuring that a financial institution operates within the legal and regulatory framework. They are tasked with developing, implementing, and monitoring policies and procedures to ensure compliance with laws such as anti-money laundering (AML), know-your-customer (KYC), and data protection. They conduct regular audits and risk assessments to identify and address any potential compliance issues. Additionally, they provide training and guidance to employees on compliance matters and work closely with regulatory bodies to ensure adherence to guidelines. A bank compliance officer must have strong analytical skills, attention to detail, and knowledge of relevant laws and regulations.
Estimated Yearly Salary: 167,321 ZAR
Estimated Monthly Salary: 13,943 ZAR
Estimated Weekly Salary: 3,218 ZAR per week
Estimated Hourly Salary: 80 ZAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 13,425 ZAR
Estimated Weekly Salary: 3,098 ZAR per week
Estimated Hourly Salary: 77 ZAR per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 8,344 USD
Estimated Monthly Salary: 695 USD
Estimated Weekly Salary: 160 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 167,321 ZAR
Estimated Monthly Salary: 13,943 ZAR
Estimated Weekly Salary: 3,218 ZAR per week
Estimated Hourly Salary: 80 ZAR per hour
By working as Bank Compliance Officer a person can save up to 424 USD per month or 5,090 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 South Africa, see costs of living in South Africa.
Estimated Yearly Salary for Bank Compliance Officer
Last revision of data: 2025-01-04
Data as of 2025
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Bank Compliance Officer salary in South Africa
Average Yearly Salary of Bank Compliance Officer in South Africa is approximately 167,321 ZAR (8,344 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 Bank Compliance Officer do?
A bank compliance officer is responsible for ensuring that a financial institution operates within the legal and regulatory framework. They are tasked with developing, implementing, and monitoring policies and procedures to ensure compliance with laws such as anti-money laundering (AML), know-your-customer (KYC), and data protection. They conduct regular audits and risk assessments to identify and address any potential compliance issues. Additionally, they provide training and guidance to employees on compliance matters and work closely with regulatory bodies to ensure adherence to guidelines. A bank compliance officer must have strong analytical skills, attention to detail, and knowledge of relevant laws and regulations.
Skills: Bank compliance, Regulatory compliance, AML, KYC, Risk assessment, Data protection
Job industry: Banking
Job industry: Banking
How much does Bank Compliance Officer make?
Salary details
How much does Bank Compliance Officer make?Estimated Yearly Salary: 167,321 ZAR
Estimated Monthly Salary: 13,943 ZAR
Estimated Weekly Salary: 3,218 ZAR per week
Estimated Hourly Salary: 80 ZAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 161,100 ZAREstimated Monthly Salary: 13,425 ZAR
Estimated Weekly Salary: 3,098 ZAR per week
Estimated Hourly Salary: 77 ZAR per hour
Last revision of data: 2024-01-05Bank Compliance Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 8,344 USD
Estimated Monthly Salary: 695 USD
Estimated Weekly Salary: 160 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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Salary comparison to National average
South Africa is a diverse and vibrant country located at the southernmost tip of the African continent. It has a population of approximately 59 million people and covers an area of around 1.2 million square kilometers. The country is known for its rich cultural heritage, stunning landscapes, and abundant wildlife.
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Bank Compliance Officer job salary compared to average salary in South Africa.
Comparison shows that a person working as Bank Compliance Officer in South Africa earns on average:
1.32 times the average salary (or 132% of average salary).
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Bank Compliance Officer job salary compared to average salary in South Africa.
Comparison shows that a person working as Bank Compliance Officer in South Africa earns on average:
1.32 times the average salary (or 132% of average salary).
Is Bank Compliance Officer a well paid job?
Yes, our data shows that Bank Compliance Officer 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 Bank Compliance Officer?
High salary for Bank Compliance Officer would be somewhere between 184,053 ZAR and 242,615 ZAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Bank Compliance Officer in South Africa?
Living in South Africa the approximate monthly expenses are: 271 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: 167,321 ZAR
Estimated Monthly Salary: 13,943 ZAR
Estimated Weekly Salary: 3,218 ZAR per week
Estimated Hourly Salary: 80 ZAR per hour
By working as Bank Compliance Officer a person can save up to 424 USD per month or 5,090 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 South Africa, see costs of living in South Africa.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Namibia, Botswana, Zimbabwe, Mozambique, Eswatini, Lesotho. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Bank Compliance Officer
Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in South Africa
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Data as of 2025Random salary:
Facility security officer (fso) (163,769 ZAR per year, pre-tax.)
Wage and hour investigator (116,807 ZAR per year, pre-tax.)
Academic librarian (141,900 ZAR per year, pre-tax.)
Supermarket store manager (151,440 ZAR per year, pre-tax.)
Licensed radiologic technologist (102,085 ZAR per year, pre-tax.)
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