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What does a Compliance Advisor earn?
Compliance advisors in the UK typically earn around £38,100 per year. These professionals are responsible for ensuring that organisations comply with industry standards and legal regulations. They typically provide advice to businesses on the interpretation of rules and regulations and review internal procedures and processes to identify risks. In addition, compliance advisors often monitor compliance across the organisation and develop and maintain regulatory policies.
How to earn more as a Compliance Advisor
"To become a Compliance Advisor, you will need a degree, or equivalent qualification, in compliance, accounting or a related field. You could also complete a degree apprenticeship, or pursue professional qualifications such as chartered compliance. To increase your earning potential in the field, you could move into a more specialised area of compliance, such as health and safety management. Another option is to become a manager of a compliance department, or set up your own consultancy. Experienced and successful Compliance Advisors can make over £70,000 a year".
Min: £22,758.00 Max: £70,000.00
Average Compliance Advisor Salary in UK : £38,110.05
Read about Compliance Advisor salaries, related jobs and salary information across the UK
Compliance Advisor Salary data from the ONS
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Recommended Compliance Advisor Jobs in UK
Average Salary for Compliance Advisor compared to similar jobs
Related Jobs
View salaries for similar jobs.
| Job Title | UK Average |
|---|---|
| Compliance Officer Salary in UK | £36,123.15 |
| Compliance Analyst Salary in UK | £36,178.01 |
| Compliance Auditor Salary in UK | £37,698.75 |
| Compliance Regulatory Auditor Salary in UK | £44,122.72 |
| Compliance Specialist Salary in UK | £44,738.27 |
| Compliance Manager Salary in UK | £46,951.91 |
| Compliance Regulatory Manager Salary in UK | £49,288.06 |
Salary by Region
Compare Compliance Advisor salaries across different regions
| Region | Salary |
|---|---|
| Scotland | £38,693.50 |
| Wales | £32,700.41 |
| Northern Ireland | £40,787.85 |
| East Midlands | £32,174.49 |
| Eastern | £34,310.51 |
| London | £44,838.13 |
| North East | £36,604.84 |
| North West | £36,113.83 |
| South East | £36,381.80 |
| South West | £36,762.97 |
| West Midlands | £29,663.90 |
| Yorkshire and the Humber | £36,714.45 |
Annual Job Ads by Region
Understanding the Average Compliance Advisor Salary in the UK
As a Compliance Advisor in the UK, it is important to have a clear understanding of the average salary in the industry. According to average Banking and Insurance salaries, the average salary for a Compliance Advisor ranges from £22,800 to £70,000 per year. This figure can vary depending on factors such as experience, qualifications, and the size of the company.
Salary Expectations for Newly Qualified Compliance Advisor
If you are a newly qualified Compliance Advisor, it is essential to have realistic salary expectations. Entry-level positions may offer a starting salary of around £38,100 per year. However, as you gain experience and prove your skills, you can expect your salary to increase over time. To explore job opportunities and find out more about salary expectations, you can visit the job search section.
Salaries for Experienced Compliance Advisor
Experienced Compliance Advisors in the UK can earn significantly higher salaries compared to their entry-level counterparts. With a solid track record and expertise in the field, you can expect to earn a salary ranging from £22,800 to £70,000 per year. The exact figure will depend on factors such as the complexity of the role, the industry you work in, and the size of the company.
Creating a Compliance Advisor CV
When applying for a Compliance Advisor position, having a well-crafted CV is crucial. It is important to highlight your relevant skills, qualifications, and experience. To help you create an impressive CV, you can use the CV template provided. This template is specifically designed for Compliance Advisors and will guide you in showcasing your expertise effectively.
Career Development Opportunities for Compliance Advisor
As a Compliance Advisor, there are various career development opportunities available to you. Whether you want to specialize in a specific area of compliance or progress into a managerial role, it is important to have a clear career path. To gain valuable insights and guidance on how to become a successful Compliance Advisor, you can explore the career advice section.
Comprehensive Compensation for Compliance Advisor
Aside from the base salary, Compliance Advisors in the UK may also receive additional compensation. This can include bonuses, profit-sharing, and benefits such as healthcare and pension schemes. The comprehensive compensation package will vary depending on the company and industry you work in.
Strategies for Increasing Your Salary as a Compliance Advisor
If you are looking to increase your salary as a Compliance Advisor, there are several strategies you can employ. These include continuously updating your skills and knowledge, taking on additional responsibilities, and seeking opportunities for professional development. By demonstrating your value to the company and staying ahead of industry trends, you can negotiate for higher remuneration.
Professional Development and Earnings
Investing in your professional development as a Compliance Advisor can have a direct impact on your earnings. By attending relevant training courses, obtaining certifications, and staying up-to-date with regulatory changes, you can enhance your expertise and increase your market value. This, in turn, can lead to higher earning potential and career advancement opportunities.
Capitalising on Extra Hours and Duties
As a Compliance Advisor, there may be occasions where you are required to work extra hours or take on additional duties. While this can be demanding, it can also present opportunities for increased earnings. Some companies offer overtime pay or bonuses for working beyond regular hours. By effectively managing your workload and demonstrating your commitment, you can capitalize on these opportunities to boost your salary.
