Assistant Bank Secrecy Act (BSA) Officer Salary

Pay for Assistant Bank Secrecy Act Officers in the United States sits in the ballpark of $45K annually. Geographic location is the biggest factor affecting pay for this group, followed by experience level. Job satisfaction for Assistant Bank Secrecy Act Officers is high. Female Assistant Bank Secrecy Act Officers far outnumber their male contemporaries among survey respondents. Medical benefits are awarded to most, and a strong majority earn dental coverage. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$30,586 - $70,167

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$11.25 - $19.38

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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$24K$48K$72K
Salary
$30,586 - $70,167  
   
Bonus
$0.00 - $7,000  
Profit Sharing
$581 - $1,323  
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).
)
$28,090 - $65,132  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 141
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$15$30$45
Hourly Rate
$11.25 - $19.38  
   
Overtime
$17.22 - $44.25  
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$30K$60K$90K
Bonus
$0.00 - $7,000  
   
Profit Sharing
$581 - $1,323  
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).
)
$28,090 - $65,132  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 52
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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
$41,000

Entry-Level
up arrow 10%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 50 votes.

Gender

Female
80 %
Male
20 %

Years of Experience

Less than 1 year
1%
1-4 years
48%
5-9 years
29%
10-19 years
20%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 72%
vision benefits Vision: 63% employee benefits None: 10%
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