Bank Secrecy Act (BSA) Officer Salary

Average Bank Secrecy Act Officers in the United States make around $51K per year. Female Bank Secrecy Act Officers make up most of the survey respondents at 73 percent. Medical benefits are awarded to a large number, and more than half earn dental coverage. For the most part, Bank Secrecy Act Officers enjoy their work and report high levels of job satisfaction. This report is based on responses to the PayScale salary survey.

$33,548 - $83,875
(Median)
$34K
$51K
$84K
MEDIAN: $51,267
10%
50%
90%

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$12.41 - $28.19
(Median)
$12
$16
$28
MEDIAN: $16.00
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$29K$58K$87K
Salary
$33,548 - $83,875  
   
Bonus
$0.00 - $9,298  
Profit Sharing
$1,221 - $6,878  
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).
)
$31,992 - $85,799  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 233
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$15$30$45
Hourly Rate
$12.41 - $28.19  
   
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$30K$60K$90K
Bonus
$0.00 - $9,298  
   
Profit Sharing
$1,221 - $6,878  
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).
)
$31,992 - $85,799  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 28
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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

  • 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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Bank Secrecy Act Officers typically list a handful of skills they use on the job. Most notably, facility with Bank Security Act Compliance and Regulatory Compliance are correlated to pay that is significantly above average, leading to increases of 25 percent and 25 percent, respectively.

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 $42K, but folks who have been around for five to 10 years see a markedly higher median salary of $56K. The average pay reported by folks with 10 to 20 years of experience is around $58K. 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 $57K on average.

Related Job Salaries

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Experience Affects Bank Secrecy Act (BSA) Officer Salaries

Experienced
up arrow 16%

Late-Career
up arrow 13%

Mid-Career
up arrow 11%

National Average
$50,000

Entry-Level
up arrow 17%

Skills That Affect Bank Secrecy Act (BSA) Officer Salaries

Regulatory Compliance
up arrow 25%

Bank Security Act Compliance
up arrow 25%

National Average
$50,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 49 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

Less than 1 year
3%
1-4 years
30%
5-9 years
29%
10-19 years
23%
20 years or more
15%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 70%
vision benefits Vision: 48% employee benefits None: 8%
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