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Bank Secrecy Act (BSA) Officer Salary

Bank Secrecy Act Officers in the United States take home approximately $51K per year on average. A large number enjoy medical while the larger part get dental coverage. Vision coverage is also available to just under a half. The majority of Bank Secrecy Act Officers claim high levels of job satisfaction. Female Bank Secrecy Act Officers make up most of the survey respondents at 73 percent. This snapshot results from replies to PayScale's salary survey.

$33,390 - $83,944
(Median)
$33K
$51K
$84K
MEDIAN: $50,812
10%
50%
90%

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$12.40 - $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
$33,390 - $83,944  
   
Bonus
$0.00 - $7,728  
Profit Sharing
$1,200 - $3,500  
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).
)
$31,867 - $85,149  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 239
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
$12.40 - $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 - $7,728  
   
Profit Sharing
$1,200 - $3,500  
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).
)
$31,867 - $85,149  
Country: United States | Currency: USD | Updated: 16 May 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 who responded to the survey report just a handful of professional skills. Most notably, facility with Bank Security Act Compliance and Regulatory Compliance are correlated to pay that is significantly above average, leading to increases of 26 percent and 26 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.


For Bank Secrecy Act Officers, experience does not seem to be a major factor in determining pay. Relatively untried employees who have less than five years' experience make $42K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $55K. Bank Secrecy Act Officers with one to two decades of relevant experience report an average salary of approximately $57K. Folks who have racked up more than 20 years in the field report incomes that aren't higher than less experienced individuals' earnings.

Related Job Salaries

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Experience Affects Bank Secrecy Act (BSA) Officer Salaries

Experienced
up arrow 14%

Late-Career
up arrow 14%

Mid-Career
up arrow 10%

National Average
$50,000

Entry-Level
up arrow 16%

Skills That Affect Bank Secrecy Act (BSA) Officer Salaries

Regulatory Compliance
up arrow 26%

Bank Security Act Compliance
up arrow 26%

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
30%
10-19 years
23%
20 years or more
15%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 70%
vision benefits Vision: 47% employee benefits None: 8%
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