Bank Secrecy Act (BSA) Officer Salary

Earnings for Bank Secrecy Act Officers in the United States come in at around $51K per year on average. Men are in the minority of survey respondents, with female Bank Secrecy Act Officers making up 73 percent. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Most Bank Secrecy Act Officers report high levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$33,572 - $84,631
(Median)
$34K
$51K
$85K
MEDIAN: $51,490
10%
50%
90%

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$12.33 - $24.37
(Median)
$12
$16
$24
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
$33,572 - $84,631  
   
Bonus
$0.00 - $9,370  
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 - $86,519  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 234
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 - $24.37  
   
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 - $9,370  
   
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 - $86,519  
Country: United States | Currency: USD | Updated: 2 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 usually report a few specific 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 25 percent and 25 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.


Although individuals who have less than five years' experience earn $41K on average, people with five to 10 years benefit from a notably larger average of $56K. For Bank Secrecy Act Officers, 10 to 20 years of experience on the job amounts to an average salary of $59K. Respondents who boast more than 20 years of experience can't seem to boast paychecks reflecting that extensive experience, though; veteran Bank Secrecy Act Officers report making only $56K on average.

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Experience Affects Bank Secrecy Act (BSA) Officer Salaries

Experienced
up arrow 16%

Late-Career
up arrow 12%

Mid-Career
up arrow 11%

National Average
$50,000

Entry-Level
up arrow 18%

Skills That Affect Bank Secrecy Act (BSA) Officer Salaries

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 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: 49% employee benefits None: 8%
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