Bank Secrecy Act (BSA) Officer Salary

Median pay for Bank Secrecy Act Officers in the United States lies in the neighborhood of $52K annually. Most report receiving medical coverage from their employers and the larger part collect dental insurance. Men are in the minority of survey respondents, with female Bank Secrecy Act Officers making up 74 percent. Job satisfaction for Bank Secrecy Act Officers is high. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$33,717 - $84,086

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$12.33 - $24.37

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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$29K$58K$87K
Salary
$33,717 - $84,086  
   
Bonus
$0.00 - $7,500  
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 - $85,768  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 229
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$15$30$45
Hourly Rate
$12.33 - $24.37  
   
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$30K$60K$90K
Bonus
$0.00 - $7,500  
   
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 - $85,768  
Country: United States | Currency: USD | Updated: 18 Jul 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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Bank Secrecy Act Officers who responded to the survey report just a handful of professional skills. Lucky workers who know Anti-Money Laundering can expect a significant pay bump, scoring salaries 27 percent above average. Bank Security Act Compliance and Regulatory Compliance are also correlated to pay that is above average, with increases between 25 percent and 27 percent.

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

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


Survey participants with less than five years' experience pocket $41K on average, but those with five to 10 years of experience enjoy a much bigger median of $57K. The average pay reported by folks with 10 to 20 years of experience is around $59K. Bank Secrecy Act Officers who have racked up more than two decades of experience report lower incomes overall; the average sum for this crowd comes out to only $56K.

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Experience Affects Bank Secrecy Act (BSA) Officer Salaries

Experienced
up arrow 16%

Mid-Career
up arrow 13%

Late-Career
up arrow 12%

National Average
$50,000

Entry-Level
up arrow 19%

Skills That Affect Bank Secrecy Act (BSA) Officer Salaries

Anti-Money Laundering (AML)
up arrow 27%

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 47 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

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

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 70%
vision benefits Vision: 48% employee benefits None: 8%
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