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What does a Compliance Officer earn?
On average, Compliance Officers in the UK earn around £36,100 per year. Their job is to ensure that organisations adhere to applicable laws and regulations. Compliance Officers work with clients across many different industries in order to prevent criminal practices, financial misconduct and wrongful activities. They will often liaise with different government and regulatory bodies and compile evidence to support investigations. Additionally, a Compliance Officer may also help to develop an organisation's internal compliance policies and procedures.
How to earn more as a Compliance Officer
"To become a compliance officer, you will need a relevant degree in law, finance, or economics. Alternatively, you might consider studying for a qualification from a professional body such as the Institute of Risk Management. If you have experience in auditing, banking, or another professional field, you may also be suited to this role. To increase your earning potential, you could shift into a more specialised field, for example corporate law or data protection, or take on a managerial role. The most successful compliance officers can make over £69,700 a year."
Min: £22,500.00 Max: £69,680.00
Average Compliance Officer Salary in UK : £36,123.15
Read about Compliance Officer salaries, related jobs and salary information across the UK
Compliance Officer Salary data from the ONS
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Recommended Compliance Officer Jobs in UK
Average Salary for Compliance Officer compared to similar jobs
Related Jobs
View salaries for similar jobs.
| Job Title | UK Average |
|---|---|
| Compliance Analyst Salary in UK | £36,178.01 |
| Compliance Auditor Salary in UK | £37,698.75 |
| Compliance Advisor Salary in UK | £38,110.05 |
| 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 Officer salaries across different regions
| Region | Salary |
|---|---|
| Scotland | £36,692.18 |
| Wales | £38,534.19 |
| Northern Ireland | £22,366.91 |
| East Midlands | £32,222.03 |
| Eastern | £34,506.67 |
| London | £43,406.93 |
| North East | £37,564.24 |
| North West | £32,122.71 |
| South East | £35,356.73 |
| South West | £31,398.23 |
| West Midlands | £33,484.30 |
| Yorkshire and the Humber | £28,686.82 |
Annual Job Ads by Region
Understanding the Average Compliance Officer Salary in the UK
As a Compliance Officer 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 Officer in the UK is £36,100 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 Officer
If you are a newly qualified Compliance Officer, it is essential to have realistic salary expectations. Entry-level positions may offer a starting salary of around £22,500 to £69,700 per year. However, as you gain experience and prove your skills, there is potential for significant salary growth.
To explore job opportunities and find out more about the salary expectations for a Compliance Officer, you can visit various job search websites such as job search.
Salaries for Experienced Compliance Officer
Experienced Compliance Officers in the UK can expect higher salaries compared to their entry-level counterparts. With several years of experience and a proven track record, you can earn a salary ranging from £22,500 to £69,700 per year. The exact figure will depend on factors such as the industry, company size, and your level of expertise.
Creating a Compliance Officer CV
When applying for a Compliance Officer position, having a well-crafted CV is crucial. It should highlight your relevant skills, qualifications, and experience. To help you create an impressive CV, you can use a CV template specifically designed for Compliance Officers. This template will guide you in showcasing your strengths and increasing your chances of securing a desirable position.
Career Development Opportunities for Compliance Officer
As a Compliance Officer, there are numerous career development opportunities available to you. By continuously improving your skills and knowledge, you can progress to higher-level positions such as Compliance Manager or Compliance Director. To explore various career paths and gain valuable insights, you can seek career advice specifically tailored for Compliance Officers.
Comprehensive Compensation for Compliance Officer
Compliance Officers in the UK often receive comprehensive compensation packages. In addition to the base salary, these packages may include benefits such as health insurance, pension plans, and performance-based bonuses. The exact details of the compensation package will vary depending on the company and industry.
Strategies for Increasing Your Salary as a Compliance Officer
If you aspire to increase your salary as a Compliance Officer, there are several strategies you can employ. Continuously updating your skills and knowledge through professional development courses and certifications can make you more valuable to employers. Additionally, taking on additional responsibilities and demonstrating your ability to handle complex compliance issues can lead to salary advancements.
Professional Development and Earnings
Investing in your professional development as a Compliance Officer can have a direct impact on your earnings. By staying up-to-date with industry regulations, attending relevant conferences and seminars, and obtaining advanced certifications, you can position yourself as an expert in the field. This expertise can open doors to higher-paying positions and increase your earning potential.
Capitalising on Extra Hours and Duties
As a Compliance Officer, there may be opportunities to earn additional income by taking on extra hours or duties. Some companies offer overtime pay for working beyond regular office hours, while others provide bonuses for successfully completing special projects or handling complex compliance cases. By capitalising on these opportunities, you can further enhance your salary as a Compliance Officer.
