Bank Secrecy Act (BSA) Officer Salary

Average Bank Secrecy Act Officers in the United States make around $57K per year. With some bonuses approaching $19K and certain profit sharing proceeds approaching $8K, overall incomes of Bank Secrecy Act Officers spread between $35K and $100K depending on individual performance. Geographic location and tenure each impact pay for this group, with the former having the largest influence. Men are in the minority of survey respondents, with female Bank Secrecy Act Officers making up 76 percent. Work is enjoyable for Bank Secrecy Act Officers, who typically claim high levels of job satisfaction. Almost all enjoy medical while a fair number get dental coverage. Vision coverage is also available to a majority. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$35,715 - $98,568
$36K
$57K
$99K
MEDIAN: $56,882
10%
50%
90%

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$13.58 - $25.12
$14
$19
$25
MEDIAN: $19.33
10%
50%
90%

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$0$100K
Salary $35,715 - $98,568
Bonus $251.68 - $19,265
Profit Sharing $-0.49 - $7,708
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).
)
$35,010 - $100,240
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 233
Hourly Data $0$26
Hourly Rate $13.58 - $25.12
Overtime $26.38
Annual Data $0$100K
Bonus $251.68 - $19,265
Profit Sharing $-0.49 - $7,708
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).
)
$35,010 - $100,240
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 32

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United States (change)

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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

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

Pay by Experience for a Bank Secrecy Act (BSA) Officer has a positive trend. An entry-level Bank Secrecy Act (BSA) Officer with less than 5 years of experience can expect to earn an average total compensation of $49,000 based on 108 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Bank Secrecy Act (BSA) Officer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $57,000 based on 96 salaries. An experienced Bank Secrecy Act (BSA) Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $74,000 based on 73 salaries. A Bank Secrecy Act (BSA) Officer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $64,000 based on 26 salaries.

Related Job Salaries

Key Stats for Bank Secrecy Act (BSA) Officer

Gender

Female
76 %
Male
24 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 50 votes.
Less than 1 year
3%
1-4 years
33%
5-9 years
27%
10-19 years
26%
20 years or more
11%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Bank Secrecy Act (BSA) Officer Salaries

▲37%

▲18%

▲6%

National Average
$54,000

▼10%

Skills That Affect Bank Secrecy Act (BSA) Officer Salaries

Bank Security Act Compliance
▲16%



National Average
$54,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 50 votes.

Gender

Female
76 %
Male
24 %

Years of Experience

Less than 1 year
3%
1-4 years
33%
5-9 years
27%
10-19 years
26%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 77%
vision benefits
Vision: 64%
no benefits
None: 8%
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