Bank Secrecy Act (BSA) Officer Salary

The average Bank Secrecy Act Officer in the United States can expect to rake in roughly $50K annually. Most Bank Secrecy Act Officers survey respondents are women (73 percent). Most Bank Secrecy Act Officers like their work and job satisfaction is high. Most report receiving medical coverage from their employers and the greater part collect dental insurance. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$32,845 - $84,460
(Median)
$33K
$50K
$84K
MEDIAN: $50,485
10%
50%
90%

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$12.33 - $28.38
(Median)
$12
$16
$28
MEDIAN: $15.00
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
$32,845 - $84,460  
   
Bonus
$0.00 - $9,211  
Profit Sharing
$786 - $2,289  
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).
)
$31,451 - $84,936  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 232
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
$12.33 - $28.38  
   
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$30K$60K$90K
Bonus
$0.00 - $9,211  
   
Profit Sharing
$786 - $2,289  
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).
)
$31,451 - $84,936  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 27

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

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


More years of relevant experience do not necessarily translate to higher paychecks. Respondents with less than five years' experience take home $41K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $54K. After working for 10 to 20 years, Bank Secrecy Act Officers make a median salary of $58K. Bank Secrecy Act Officers who have stuck around for more than two decades see earnings that are no higher than those of folks who have worked for 10 to 20 years.

Related Job Salaries

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Experience Affects Bank Secrecy Act (BSA) Officer Salaries

Late-Career
up arrow 18%

Experienced
up arrow 17%

Mid-Career
up arrow 9%

National Average
$49,000

Entry-Level
up arrow 16%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 47 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

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

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 69%
vision benefits Vision: 45% employee benefits None: 8%