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Bank Secrecy Act (BSA) Officer Salary

Bank Secrecy Act Officers in the United States take home approximately $49K per year on average. Medical benefits are awarded to a large number, and the greater part earn dental coverage. For the most part, Bank Secrecy Act Officers enjoy their work and report high levels of job satisfaction. Men are in the minority of survey respondents, with female Bank Secrecy Act Officers making up 73 percent. This snapshot results from replies to PayScale's salary survey.
$32,233 - $83,228
(Median)
32K
49K
65K
83K
MEDIAN: $49,202
10%
50%
75%
90%

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$12.23 - $24.55
(Median)
12
16
20
25
MEDIAN: $16.00
10%
50%
75%
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$28K$56K$84K
Salary
$32,233 - $83,228  
   
Bonus
$0.00 - $7,341  
Profit Sharing
$600 - $2,625  
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).
)
$31,193 - $83,176  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 221
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$14$28$42
Hourly Rate
$12.23 - $24.55  
   
Overtime
$20.17 - $29.26  
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$28K$56K$84K
Bonus
$0.00 - $7,341  
   
Profit Sharing
$600 - $2,625  
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).
)
$31,193 - $83,176  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 26
United States (change)

Job Description for Bank Secrecy Act (BSA) Officer

A bank secrecy act (BSA) officer works for a bank and makes sure that operations at a bank comply with the bank secrecy act. On a daily basis, the BSA officer will watch over cash transactions and make sure nothing is out of the ordinary. The officer will work to eliminate money laundering attempts. Some of the monitoring in the job is done manually, while other aspects are done with an automated system.

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Bank Secrecy Act (BSA) Officer Tasks

  • Advise management and bank personnel of emerging compliance issues and establish internal controls to management to mitigate risks.
  • Perform quality control reviews and monitor operations in relation to the BSA, US Patriot Act, customer identification, due diligence, money laundering, and other acts.
  • Develop, implement and administer the Bank Secrecy Act compliance program.
  • Lead, train and supervise the department staff.

Bank Secrecy Act (BSA) Officer Job Listings

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Pay by Experience Level for Bank Secrecy Act (BSA) Officer

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


The average beginner in this position makes around $40K, but folks who have been around for five to 10 years see a markedly higher median salary of $54K. The average pay reported by folks with 10 to 20 years of experience is around $56K. Folks who have racked up more than 20 years in the field report incomes that aren't higher than less experienced individuals' earnings.

Experience Affects Bank Secrecy Act (BSA) Officer Salaries

Experienced
up arrow 20%

Late-Career
up arrow 18%

Mid-Career
up arrow 14%

National Average
$47,000

Entry-Level
up arrow 14%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 44 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

Less than 1 year
2%
1-4 years
32%
5-9 years
29%
10-19 years
23%
20 years or more
15%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 68%
vision benefits Vision: 44% employee benefits None: 8%