(Note: Salaries can differ significantly based on industry, experience, and company policies. The above figures estimates were taken from glassdoor.co.uk and payscale.com).
There is a broad remuneration band for Compliance Managers across Europe, with compliance manager pay sitting at €46,000 in Italy and rising to €62,000 and above in Holland. As compliance officers and managers are sourced from the financial and legal fields, pay is primarily equivalent to that of other supervisory roles within those fields, such as accountancy or risk management.
The expansive nature of compliance means the opportunity is always present in the field – and as the world propels itself from the clutches of the pandemic and financial markets recover, compliance managers will be increasingly in high demand, furthering the opportunity to improve the take-home salary.
Holland and the UK are the top payers in the compliance market, closely followed by Germany, which closely aligns with where the top financial centres of the European financial market reside: London, Frankfurt and Amsterdam.
Job and Career Growth
Compliance managers sit at the junction of service provision, audit and risk, providing the legal and compliance scaffolding that creates cultures of diligence and regulatory alignment within financial institutions.
As such, compliance-trained professionals have a broad horizon of opportunities to explore, from risk management to business operations and beyond.
However, a segue into finance or law is the most popular career move, both into and out of compliance-specific managerial roles. Those two fields are where compliance most naturally aligns and where responsibilities collide. Well-regarded compliance managers will be able to display all the hallmarks of a diligent, ethically-driven professional with a strong appreciation for financial law.
This quite openly advances a career beyond finance if candidates wish, with roles in senior risk management, auditing, financial technology and business operations all within the scope of a compliance manager seeking new opportunities.
Learn more about Compliance Manager careers.
The following articles cover the job description, salaries, CV-building tips and more.
Job Description & Profile, Qualifications, Skills & Requirements. How to Become
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