Compliance Analyst Salary in Canada during 2024

Salary details

The average Compliance Analyst salary lies between USD 77,000 and USD 127,000 in Canada. It represents the overall compensation/gross salary amount for the working year (before deductions like social security, taxes and other contributions), not including equity/stock options or similar benefits.

Region represents the primary country of residence of an employee during the year (or residence for tax purposes). All data shown are full-time equivalent (FTE) salaries. Part-time salary information has been extrapolated to its FTE value.

Last updated: Nov. 17, 2024

Top 20 Job Tags for Compliance Analyst roles

The three most common job tag items assiciated with Compliance Analyst job listings are Compliance, Audits and Risk management. Below you find a list of the 20 most occuring job tags in 2024 and the number of open jobs that where associated with them during that period:

Compliance | 490 jobs Audits | 290 jobs Risk management | 234 jobs Governance | 221 jobs Privacy | 218 jobs NIST | 206 jobs CISA | 204 jobs ISO 27001 | 201 jobs Cloud | 192 jobs CISSP | 191 jobs Risk assessment | 190 jobs Monitoring | 182 jobs SOC 2 | 149 jobs CISM | 147 jobs SOC | 137 jobs Computer Science | 136 jobs GDPR | 122 jobs CRISC | 110 jobs HIPAA | 94 jobs Finance | 87 jobs

Top 20 Job Perks/Benefits for Compliance Analyst roles

The three most common job benefits and perks assiciated with Compliance Analyst job listings are Career development, Health care and Competitive pay. Below you find a list of the 20 most occuring job perks or benefits in 2024 and the number of open jobs that where offering them during that period:

Career development | 293 jobs Health care | 198 jobs Competitive pay | 131 jobs Flex hours | 127 jobs Equity / stock options | 116 jobs Team events | 109 jobs Insurance | 106 jobs Flex vacation | 104 jobs Salary bonus | 93 jobs Parental leave | 80 jobs Startup environment | 79 jobs Medical leave | 68 jobs 401(k) matching | 63 jobs Wellness | 57 jobs Relocation support | 19 jobs Unlimited paid time off | 17 jobs Gear | 16 jobs Transparency | 15 jobs Flexible spending account | 15 jobs Home office stipend | 13 jobs

Salary Composition for a Compliance Analyst in InfoSec/Cyber Security

The salary composition for a Compliance Analyst in the InfoSec/Cyber Security field can vary significantly based on factors such as region, industry, and company size. Typically, the salary is composed of a fixed base salary, which forms the bulk of the compensation package. In Canada, this base salary can range from CAD 70,000 to CAD 100,000, depending on the aforementioned factors.

In addition to the base salary, many companies offer performance-based bonuses. These bonuses can range from 5% to 15% of the base salary, depending on the company's performance and the individual's contribution. Larger companies or those in high-demand industries, such as finance or technology, may offer higher bonuses. Additional remuneration may include stock options, especially in tech companies, and benefits such as health insurance, retirement plans, and professional development allowances.

Steps to Increase Salary from a Compliance Analyst Position

To increase your salary from a Compliance Analyst position, consider the following strategies:

• Skill Enhancement: Continuously update and expand your skill set. Specializing in niche areas of cybersecurity, such as cloud security or data privacy, can make you more valuable.
• Certifications: Obtain advanced certifications that are recognized in the industry. This not only enhances your skills but also makes you more marketable.
• Networking: Build a strong professional network. Attend industry conferences, join professional organizations, and participate in online forums to connect with peers and potential employers.
• Advanced Education: Consider pursuing further education, such as a master's degree in cybersecurity or a related field, to qualify for higher-level positions.
• Seek Leadership Roles: Aim for roles with more responsibility, such as a team lead or manager, which typically come with higher pay.

Educational Requirements for a Compliance Analyst

Most Compliance Analyst positions require at least a bachelor's degree in a related field. Common areas of study include computer science, information technology, cybersecurity, or business administration with a focus on information systems. Some employers may also consider candidates with degrees in law or finance, especially if they have relevant experience in compliance or risk management.

Helpful Certifications for a Compliance Analyst

Certifications can significantly enhance your qualifications for a Compliance Analyst role. Some of the most recognized and beneficial certifications include:

• Certified Information Systems Security Professional (CISSP)
• Certified Information Security Manager (CISM)
• Certified Information Systems Auditor (CISA)
• Certified in Risk and Information Systems Control (CRISC)
• Certified Ethical Hacker (CEH)

These certifications demonstrate a commitment to the field and a comprehensive understanding of cybersecurity principles and practices.

Experience Required for a Compliance Analyst Role

Typically, employers look for candidates with at least 2-5 years of experience in a related field. This experience can be in roles such as IT support, network administration, or any position that involves information security responsibilities. Experience in compliance, auditing, or risk management is also highly valued. Practical experience with security frameworks and standards, such as ISO 27001 or NIST, is often required.

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