GRC Analyst Salary in United Kingdom during 2024

Salary details

The average GRC Analyst salary lies between USD 53,750 and USD 81,250 in the United Kingdom. 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. 24, 2024

Top 20 Job Tags for GRC Analyst roles

The three most common job tag items assiciated with GRC Analyst job listings are Compliance, Governance 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 | 127 jobs Governance | 107 jobs Risk management | 91 jobs Audits | 88 jobs ISO 27001 | 82 jobs NIST | 76 jobs Risk assessment | 74 jobs Cloud | 59 jobs CISA | 57 jobs CISSP | 53 jobs Monitoring | 52 jobs SOC 2 | 51 jobs Privacy | 49 jobs SOC | 46 jobs GDPR | 45 jobs CRISC | 40 jobs CISM | 37 jobs Strategy | 34 jobs Computer Science | 34 jobs SOX | 30 jobs

Top 20 Job Perks/Benefits for GRC Analyst roles

The three most common job benefits and perks assiciated with GRC Analyst job listings are Health care, Career development and Flex hours. 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:

Health care | 62 jobs Career development | 58 jobs Flex hours | 33 jobs Competitive pay | 33 jobs Insurance | 31 jobs Equity / stock options | 30 jobs Team events | 26 jobs Flex vacation | 24 jobs Startup environment | 24 jobs Medical leave | 24 jobs Salary bonus | 20 jobs 401(k) matching | 18 jobs Parental leave | 16 jobs Wellness | 14 jobs Fitness / gym | 7 jobs Gear | 6 jobs Conferences | 5 jobs Home office stipend | 5 jobs Transparency | 4 jobs Fertility benefits | 4 jobs

Salary Composition for a GRC Analyst in the UK

The salary for a GRC (Governance, Risk, and Compliance) Analyst in the UK typically comprises a fixed base salary, which forms the bulk of the compensation package. This base salary can vary significantly depending on factors such as the region, industry, and company size. For instance, positions in London or other major cities often offer higher base salaries compared to those in smaller towns due to the higher cost of living. Additionally, industries such as finance and technology may offer more competitive salaries compared to non-profit or public sector roles.

In addition to the base salary, many companies offer performance-based bonuses. These bonuses can be tied to individual performance, team performance, or the overall success of the company. The bonus percentage can range from 5% to 20% of the base salary, depending on the company's compensation structure and profitability.

Additional remuneration may include benefits such as health insurance, pension contributions, stock options, and other perks like flexible working arrangements or professional development opportunities. Larger companies or those in competitive industries are more likely to offer comprehensive benefits packages.

Steps to Increase Salary from a GRC Analyst Position

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

• Skill Enhancement: Continuously update and expand your skill set. Specializing in niche areas of GRC, such as data privacy or cybersecurity frameworks, can make you more valuable to employers.

• Certifications: Obtain relevant certifications that demonstrate your expertise and commitment to the field. Certifications can often lead to higher salary brackets.

• Networking: Build a strong professional network within the industry. Networking can lead to new job opportunities or promotions within your current organization.

• Advanced Education: Pursue further education, such as a master's degree in cybersecurity or a related field, to qualify for higher-level positions.

• Performance Excellence: Consistently exceed performance expectations in your current role to position yourself for promotions and salary increases.

Educational Requirements for a GRC Analyst

Most GRC Analyst positions require at least a bachelor's degree in a relevant field such as information technology, computer science, business administration, or cybersecurity. Some employers may prefer candidates with a master's degree, especially for more senior roles. Coursework in risk management, compliance, and information security is particularly beneficial.

Helpful Certifications for a GRC Analyst

Certifications can significantly enhance your qualifications for a GRC Analyst role. Some of the most recognized certifications in the field include:

• Certified Information Systems Auditor (CISA)
• Certified in Risk and Information Systems Control (CRISC)
• Certified Information Systems Security Professional (CISSP)
• Certified Information Security Manager (CISM)
• ISO 27001 Lead Implementer or Lead Auditor

These certifications demonstrate your expertise in information security and risk management, making you a more attractive candidate to potential employers.

Experience Requirements for a GRC Analyst

Typically, employers look for candidates with at least 2-5 years of experience in information security, risk management, or compliance roles. Experience in conducting risk assessments, developing compliance programs, and implementing security policies is highly valued. Additionally, familiarity with industry standards and regulations, such as GDPR or ISO 27001, is often required.

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