Do you want to know how much a Compliance Officer earns in Spain? It is a very well-paid profession: Discover the details of the salary of a Compliance Officer with Formación!
It is a profession with a growing demand in our country. In the following text we explain how much you can earn if you become the professional that actually companies need to comply with the current regulatory framework.
Starts the Formación Compliance Officer Course: you too can get a good salary every month!
Compliance Officer: a rising salary
The wages of these professionals are very above the national average. The average annual salary of a Compliance Officer stands at 24,009 euros in Spain, while in the case of compliance officers it ranges between 28,000 euros and 120,000 euros per year.
“A department head can earn between 80,000 and 120,000 euros per year.”
We can understand the high salaries of a Compliance Officer if we understand that the companies have to ensure that they comply with the applicable regulatory frameworkbut perhaps you are asking yourself the following question: why does the salary of this technical profile fluctuate so much?
Compliance Officer salary: what factors influence?
As in all professions, there are many Factors Influencing Gross Salary What are you going to receive at the end of the month? We can list the main ones, which are:
- Studies
- Company
- Responsibility
- City
- Job
- functions
Let’s take a closer look at each of these factors and how they influence the salary of a compliance officer.
Studies
One of the main ones is academic levelso if you specialize in Formation with a Compliance Officer Course you can get a better pay.
Think that this professional should know the main regulations in force in our country for combat money laundering and tax fraudso to get a job in this field you need specialized training.
Company
As is normal, the size of the company is another determining factor. Companies with greater resources will be able to offer higher salaries, thus attracting the best professionals.
In it year 2020according to the Labor Market Guide, in the big enterprises the head of compliance had a salary that oscillated between 80,000 and 120,000 euros per year.
However, a compliance officer who works in a Small and Medium Enterprise (SME) has an average salary between 50,000 and 60,000 euros per year.
Responsibility
Meanwhile, the positions with less responsibility earn a gross annual salary that ranges between 28,000 and 33,000 euros. Although carrying out regulatory compliance functions is important for any company, the professional reality of the sector teaches us that professionals with more general knowledge and fewer skills obtain less compensation.
City
The Geography is another determining factor. in the salary that you will get at the end of the month. In the big cities of our country is where the better salariessince the most powerful companies are also located.
For example, if we look at the 5 most populated cities in Spain, we can appreciate some big pay gaps among the Head of Compliance of a large company, based on 2020 data:
- Madrid: 120,000 euros
- Barcelona: 100,000 euros
- Bilbao: 90,000 euros
- Seville: 80,000 euros
- Valencia: 80,000 euros
Job
According to him job duties vary from the compliance expert. As a direct consequence, also changes the salary of the Compliance Officer.
According to the legal salary table of the Market Guide for the year 2020, in a large company, the different jobs have the following salaries:
- Compliance technician or technique: 35,000 euros
- Compliance manager: 65,000 euros
- Head of compliance: 120,000 euros
- Senior tax advisor: 65,000 euros
- Junior tax consultancy: 35,000 euros
Where can I work to get the Compliance Officer salary?
In Spain there are currently more than 3,000,000 million companies, according to data from the Central Business Directory. There are many companies that need Compliance figures. For companies it is essential to control and prevent criminal liability, and the consequent economic, image and media consequences.
“Therefore, if you have the proper preparation, you will not lack opportunities.”
Professional opportunities according to the type of relationship with the company or companies can be:
- Internal Compliance Officer in a business organization
- External criminal advisor for companies
- Employed worker in law firm
- Worker for others in tax consultancy
- External consultant
Each of these different professional opportunities it also entails, consequently, fluctuations in the professional salary range.
Start a Compliance Officer Course at Formación to get your salary!
Today the skills and knowledge of the compliance officer are essential, as more and more companies need to comply with current regulations.
The globalization of the economy and the growth of this area require this professional profile, which demonstrates its importance in our economy.
Therefore, specialized training is more necessary today than ever, without it you will not be able to perform the duties of a compliance officer.
Now that you have read this article, and you know the salary that you can opt for, surely you are thinking of starting an online training that allows you to access a good salary every month. Sign up for Compliance officer course Formación and take off your professional career!
Do you have any doubts or questions? We will be happy to read you and answer your questions or doubts about it. Contact us and we will answer you as quickly as possible.
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