Bank Secrecy Act (BSA) Officer Salary

Median pay for Bank Secrecy Act Officers in the United States is around $54K per year. Cash earnings for Bank Secrecy Act Officers — including $10K in bonuses and $19K in profit sharing proceeds near the top of the pay scale — generally stretch from $34K to $87K depending on individual performance. Most Bank Secrecy Act Officers like their work and job satisfaction is high. Almost all report receiving medical coverage from their employers and a fair number collect dental insurance. Female Bank Secrecy Act Officers make up most of the survey respondents at 74 percent. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$34,336 - $85,366
(Median)
$34K
$54K
$85K
MEDIAN: $53,941
10%
50%
90%

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$13.92 - $22.67
(Median)
$14
$17
$23
MEDIAN: $17.00
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$30K$60K$90K
Salary
$34,336 - $85,366  
   
Bonus
$0.00 - $9,682  
Profit Sharing
$200.00 - $18,500  
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).
)
$33,705 - $87,181  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 255
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
$13.92 - $22.67  
   
Overtime
$22.50  
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 - $9,682  
   
Profit Sharing
$200.00 - $18,500  
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).
)
$33,705 - $87,181  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 25
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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.


Experience is an important factor influencing the compensation of Bank Secrecy Act Officers. Salaries of relatively inexperienced workers fall in the neighborhood of $42K, but folks who have racked up five to 10 years see a notably higher median of $59K. On average, Bank Secrecy Act Officers make $60K following one to two decades on the job. Seasoned veterans with 20 years under their belts enjoy a median income of $65K.

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Experience Affects Bank Secrecy Act (BSA) Officer Salaries

Late-Career
up arrow 22%

Experienced
up arrow 14%

Mid-Career
up arrow 11%

National Average
$53,000

Entry-Level
up arrow 20%

Skills That Affect Bank Secrecy Act (BSA) Officer Salaries

Anti-Money Laundering (AML)
up arrow 42%

Bank Security Act Compliance
up arrow 19%

Regulatory Compliance
up arrow 9%

National Average
$53,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 48 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
2%
1-4 years
31%
5-9 years
27%
10-19 years
24%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 72%
medical benefits
Vision: 53%
dental benefits
None: 7%
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