An average Assistant Bank Secrecy Act Officer in the United States can expect to take home roughly $50K per year. Location and experience level each impact pay for this group, with the former having the largest influence. Work is enjoyable for Assistant Bank Secrecy Act Officers, who typically claim high levels of job satisfaction. Almost all report receiving medical coverage from their employers and a fair number collect dental insurance. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$34,637 - $79,463
(Median)
$35K
$50K
$79K
MEDIAN: $49,802
10%
50%
90%

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$11.43 - $20.31
(Median)
$11
$17
$20
MEDIAN: $16.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$27K$54K$81K
Salary
$34,637 - $79,463  
   
Bonus
$197.97 - $6,411  
Profit Sharing
$1,150  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$27,940 - $73,805  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 50
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$13$26$39
Hourly Rate
$11.43 - $20.31  
   
Overtime
$23.75  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$26K$52K$78K
Bonus
$197.97 - $6,411  
   
Profit Sharing
$1,150  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$27,940 - $73,805  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 25
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Job Description for Assistant Bank Secrecy Act (BSA) Officer

Most of the time, assistant Bank Secrecy Act (BSA) officers work for banks. However, they may work for other financial institutions. These institutions include brokerage firms that provide banking services to their customers, in addition to investment services and stock trading platforms. BSA officers provide operational support for their BSA department. They implement the bank's BSA compliance programs. They maintain and review their institution's BSA and Office of Foreign Assets Control (OFAC) monitoring system to assure that it has appropriate tools to identify suspicious or fraudulent activities. They must also monitor their bank’s compliance with Anti-Money Laundering (AML) laws and that they have ways to recognize suspicious activities related to money laundering. They must make sure that their banks adhere to various banking and federal laws and regulations.

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Assistant Bank Secrecy Act (BSA) Officer Tasks

  • Assist compliance officer with OFAC and SARs searches.
  • Monitor EDD profile daily and record transactions in EDD system.
  • Develop and implement BSA, AML, and OFAC regulations, policies and procedures of the branch.
  • Report suspicious cases and any issues relating to non-compliance.

Assistant Bank Secrecy Act (BSA) Officer Job Listings

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Experience Affects Assistant Bank Secrecy Act (BSA) Officer Salaries

Mid-Career
up arrow 22%

Experienced
up arrow 21%

National Average
$42,000

Entry-Level
up arrow 6%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 11 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

Less than 1 year
4%
1-4 years
45%
5-9 years
29%
10-19 years
20%
20 years or more
1%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 72%
medical benefits
Vision: 60%
dental benefits
None: 7%
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