Assistant Bank Secrecy Act (BSA) Officer Salary

Assistant Bank Secrecy Act Officers in the United States can expect to earn an average of $46K per year. Geography and career length each impact pay for this group, with the former having the largest influence. The majority of Assistant Bank Secrecy Act Officers claim high levels of job satisfaction. Medical benefits are awarded to a large number, and a fair number earn dental coverage. This report is based on answers to PayScale's salary questionnaire.

$30,737 - $71,440
(Median)
$31K
$46K
$71K
MEDIAN: $46,086
10%
50%
90%

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$12.04 - $20.04
(Median)
$12
$16
$20
MEDIAN: $15.00
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$24K$48K$72K
Salary
$30,737 - $71,440  
   
Bonus
$0.00 - $6,878  
Profit Sharing
$800  
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).
)
$28,984 - $67,101  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 149
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
$12.04 - $20.04  
   
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 - $6,878  
   
Profit Sharing
$800  
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).
)
$28,984 - $67,101  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 58
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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

Experienced
up arrow 21%

Mid-Career
up arrow 20%

National Average
$41,000

Entry-Level
up arrow 8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 51 votes.

Gender

Female
79 %
Male
21 %

Years of Experience

Less than 1 year
1%
1-4 years
46%
5-9 years
33%
10-19 years
18%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 75%
medical benefits
Vision: 64%
dental benefits
None: 10%
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