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What does a Compliance Specialist earn?
Compliance Specialists can typically expect to earn an average salary of £44,700 per year in the UK. Their primary role is to ensure an organisation is meeting the standards required by relevant laws and regulations. As such, they review existing practices to identify any areas of non-compliance and advise on steps to ensure adherence. Compliance Specialists may also be called on to independently analyse the effectiveness of an organisation’s risk management strategies or policies.
How to earn more as a Compliance Specialist
"To become a Compliance Specialist, you will need an accredited degree in a relevant subject such as law, business, or finance. An apprenticeship is a great way to kickstart your career by gaining a qualification and professional experience. To earn higher as a Compliance Specialist, you can specialise in a certain field, take on managerial roles, or become self-employed. The top earners in this field can make over £111,800 per annum".
Min: £18,500.00 Max: £111,800.00
Average Compliance Specialist Salary in UK : £44,738.27
Read about Compliance Specialist salaries, related jobs and salary information across the UK
Compliance Specialist Salary data from the ONS
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Recommended Compliance Specialist Jobs in UK
Average Salary for Compliance Specialist 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 Advisor Salary in UK | £38,110.05 |
| Compliance Regulatory Auditor Salary in UK | £44,122.72 |
| Compliance Manager Salary in UK | £46,951.91 |
| Compliance Regulatory Manager Salary in UK | £49,288.06 |
Salary by Region
Compare Compliance Specialist salaries across different regions
| Region | Salary |
|---|---|
| London | £43,411.94 |
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Understanding the Average Compliance Specialist Salary in the UK
As a Compliance Specialist 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 Specialist in the UK is £44,700 per year. This figure can vary depending on factors such as experience, qualifications, and location.
Salary Expectations for Newly Qualified Compliance Specialist
If you are a newly qualified Compliance Specialist, you may be wondering what salary you can expect. To get an idea of the current market rates, it is recommended to explore the job market through a job search. This will give you an insight into the salary range for entry-level positions in the field.
Salaries for Experienced Compliance Specialist
For experienced Compliance Specialists in the UK, salaries can be significantly higher than those for entry-level positions. With a proven track record and extensive knowledge in the field, you can expect to earn a higher salary. The exact figures will depend on various factors, including your level of experience, the size of the company you work for, and the industry you are in.
Creating a Compliance Specialist CV
When applying for a Compliance Specialist role, having a well-crafted CV is essential. It should highlight your relevant skills, qualifications, and experience in the field. To help you create an impressive CV, you can use a CV template specifically designed for Compliance Specialists. This will ensure that your CV stands out from the competition and showcases your expertise in the compliance field.
Career Development Opportunities for Compliance Specialist
As a Compliance Specialist, there are various career development opportunities available to you. Whether you want to specialize in a specific area of compliance or progress into a management role, it is important to stay updated with the latest industry trends and regulations. You can find valuable career advice to help you navigate your career path and make informed decisions about your professional development.
Comprehensive Compensation for Compliance Specialist
Compliance Specialists often receive comprehensive compensation packages that go beyond their base salary. These packages may include benefits such as health insurance, retirement plans, bonuses, and other incentives. The exact details of the compensation package will vary depending on the company and industry you work in.
Strategies for Increasing Your Salary as a Compliance Specialist
If you are looking to increase your salary as a Compliance Specialist, there are several strategies you can employ. These include continuously updating your skills and knowledge, seeking additional certifications, taking on more responsibilities, and demonstrating your value to the company. By consistently delivering high-quality work and showcasing your expertise, you can position yourself for salary advancements and promotions.
Professional Development and Earnings
Investing in your professional development as a Compliance Specialist can have a direct impact on your earnings. By attending industry conferences, workshops, and training programs, you can enhance your skills and knowledge, making yourself more valuable to employers. Additionally, pursuing advanced qualifications and certifications in compliance can open doors to higher-paying positions and increased earning potential.
Capitalising on Extra Hours and Duties
As a Compliance Specialist, there may be opportunities to earn additional income by taking on extra hours or duties. Some companies offer overtime pay or bonuses for working beyond regular hours or taking on additional responsibilities. By being proactive and demonstrating your willingness to go the extra mile, you can potentially increase your overall earnings as a Compliance Specialist.
