Assistant Bank Secrecy Act (BSA) Officer Salary

Assistant Bank Secrecy Act Officers in the United States can expect to earn an average of $49K per year. Geography and experience level each impact pay for this group, with the former having the largest influence. Men are in the minority of survey respondents, with female Assistant Bank Secrecy Act Officers making up 71 percent. Almost all enjoy medical while a fair number get dental coverage. Vision coverage is also available to a majority. Work is enjoyable for Assistant Bank Secrecy Act Officers, who typically claim high levels of job satisfaction. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$36,000 - $72,375
$36K
$49K
$72K
MEDIAN: $49,397
10%
50%
90%

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$12.00 - $20.66
$12
$16
$21
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$25K$50K$75K
Salary
$36,000 - $72,375  
   
Bonus
$202.03 - $5,152  
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).
)
$28,809 - $71,377  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 39
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$12$24$36
Hourly Rate
$12.00 - $20.66  
   
Overtime
$22.50  
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$24K$48K$72K
Bonus
$202.03 - $5,152  
   
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).
)
$28,809 - $71,377  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 17

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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

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

Assistant Bank Secrecy Act (BSA) Officer Job Listings

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Key Stats for Assistant Bank Secrecy Act (BSA) Officer

Gender

Female
71 %
Male
29 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 6 votes.
Less than 1 year
5%
1-4 years
45%
5-9 years
32%
10-19 years
16%
20 years or more
2%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Assistant Bank Secrecy Act (BSA) Officer Salaries

Mid-Career
▲24%

Experienced
▲18%

National Average
$44,000

Entry-Level
▼7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 6 votes.

Gender

Female
71 %
Male
29 %

Years of Experience

Less than 1 year
5%
1-4 years
45%
5-9 years
32%
10-19 years
16%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 96%
dental benefits
Dental: 71%
vision benefits
Vision: 58%
no benefits
None: 4%