Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer Salary

The average salary for a Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer is $56,498 per year. People in this job generally don't have more than 20 years' experience. Pay for this job rises steadily for more experienced workers, but goes down noticeably for employees with more than 20 years' experience.

$39,408 - $96,819
(Median)
$39K
$56K
$97K
MEDIAN: $56,498
10%
50%
90%

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$14.68 - $34.51
(Median)
$15
$19
$35
MEDIAN: $18.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$33K$66K$99K
Salary
$39,408 - $96,819  
   
Bonus
$-0.47 - $12,193  
Profit Sharing
$986 - $12,913  
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).
)
$37,112 - $98,579  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 460
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$18$36$54
Hourly Rate
$14.68 - $34.51  
   
Overtime
$16.27 - $51.17  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$-0.47 - $12,193  
   
Profit Sharing
$986 - $12,913  
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).
)
$37,112 - $98,579  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 78
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Job Description for Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer

A Bank Secrecy Act-Anti-Money Laundering (BSA/AML) officer is primarily responsible for understanding the regulations and laws related to the Bank Secrecy Act. Using this understanding, the BSA/AML officer helps implement rules and regulations within their bank; this includes identifying parameters to ensure the bank is in compliance with the BSA/AML regulations, as well as the Patriot Act. The employee must be self-motivated, as they must monitor, explain, and adjust the bank's operations within this regulatory framework.

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Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer Tasks

  • Develop an enterprise-wide BSA/AML risk assessment with consideration to products, services, customers, and geographies that may present BSA/AML related risks.
  • Direct and perform special projects or audits as directed.
  • Resolve issues and problems with all levels of management throughout multi-bank environments responding to issues/problems as they occur.
  • Implement policies, procedures, and systems to ensure comprehensive customer identification, customer due diligence, and suspicious activity monitoring and reporting.
  • Oversee BSA report preparation. Issue periodic reports of BSA review issues to senior and division managers.

Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer Job Listings

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Popular Skills for Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer

Pay by Experience Level for Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Pay Difference by Location

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Experience Affects Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer Salaries



Late-Career
up arrow 11%

National Average
$55,000


Skills That Affect Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer Salaries

Data Analysis
up arrow 10%

Regulatory Compliance
up arrow 2%

Anti-Money Laundering (AML)
up arrow 1%

Bank Security Act Compliance
up arrow 1%

National Average
$55,000

Research Analysis
up arrow 6%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 54 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
5%
1-4 years
44%
5-9 years
25%
10-19 years
17%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 79%
vision benefits Vision: 64% employee benefits None: 11%
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