Median pay for Bank Secrecy Act Officers in the United States lies in the neighborhood of $56K per year. Including potential for bonuses and profit sharing — peaking near $12K and $7K, respectively — total cash payment to Bank Secrecy Act Officers can bottom out near $36K or peak near $97K depending on individual performance. Location and career duration each impact pay for this group, with the former having the largest influence. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Most Bank Secrecy Act Officers survey respondents are women (76 percent). Job satisfaction is high and work is enjoyable for most Bank Secrecy Act Officers. The data for this synopsis comes from respondents who took the PayScale salary survey.

$36,694 - $93,933
$37K
$56K
$94K
MEDIAN: $56,098
10%
50%
90%

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$13.35 - $24.00
$13
$18
$24
MEDIAN: $18.30
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$33K$66K$99K
Salary
$36,694 - $93,933  
   
Bonus
$249.17 - $12,040  
Profit Sharing
$-0.49 - $6,851  
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).
)
$35,532 - $97,331  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 201
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$17$34$51
Hourly Rate
$13.35 - $24.00  
   
Overtime
$27.00  
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$50K$100K$150K
Bonus
$249.17 - $12,040  
   
Profit Sharing
$-0.49 - $6,851  
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).
)
$35,532 - $97,331  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 26

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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

  • Develop, implement and administer the Bank Secrecy Act compliance program.
  • Lead, train and supervise the department staff.
  • 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.

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.


People who have worked for fewer than five years bring home $49K on average. Median compensation in the five-to-10 year group, however, is higher at approximately $57K. For Bank Secrecy Act Officers, 10 to 20 years of experience on the job amounts to an average salary of $73K. Respondents who boast more than 20 years of experience can't seem to boast paychecks reflecting that extensive experience, though; veteran Bank Secrecy Act Officers report making only $67K on average.

Related Job Salaries

Key Stats for Bank Secrecy Act (BSA) Officer

Gender

Female
76 %
Male
24 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 38 votes.
029
Less than 1 year
2%
1-4 years
30%
5-9 years
30%
10-19 years
26%
20 years or more
12%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Bank Secrecy Act (BSA) Officer Salaries

Experienced
up arrow 34%

Late-Career
up arrow 23%

Mid-Career
up arrow 5%

National Average
$54,000

Entry-Level
up arrow 9%

Skills That Affect Bank Secrecy Act (BSA) Officer Salaries

Bank Security Act Compliance
up arrow 16%



National Average
$54,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 38 votes.

Gender

Female
76 %
Male
24 %

Years of Experience

Less than 1 year
2%
1-4 years
30%
5-9 years
30%
10-19 years
26%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 78%
vision benefits
Vision: 65%
dental benefits
None: 9%
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