Bank Secrecy Act Officers in the United States can expect to earn an average of $56K annually. Total cash compensation to Bank Secrecy Act Officers bottoms out near $35K and approaches $96K on the high end; the biggest paychecks include approximately $12K from bonuses and almost $7K from profit sharing. Geographic location is the biggest factor affecting pay for this group, followed by years of experience. Medical benefits are awarded to most, and a strong majority earn dental coverage. Men are in the minority of survey respondents, with female Bank Secrecy Act Officers making up 74 percent. The majority of Bank Secrecy Act Officers claim high levels of job satisfaction. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$36,116 - $90,949
(Median)
$36K
$56K
$91K
MEDIAN: $56,157
10%
50%
90%

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$13.18 - $25.13
(Median)
$13
$18
$25
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$32K$64K$96K
Salary
$36,116 - $90,949  
   
Bonus
$10.21 - $11,745  
Profit Sharing
$986 - $6,953  
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).
)
$35,288 - $95,879  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 194
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$16$32$48
Hourly Rate
$13.18 - $25.13  
   
Overtime
$27.00  
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$32K$64K$96K
Bonus
$10.21 - $11,745  
   
Profit Sharing
$986 - $6,953  
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).
)
$35,288 - $95,879  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 21
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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.

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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.


The average inexperienced worker earns $49K, and someone who has worked for five to 10 years can expect a bigger median salary of $58K. Bank Secrecy Act Officers with one to two decades of relevant experience report an average salary of approximately $71K. Survey participants with more than twenty years of experience only make around $70K on average, though; this group reports a lower median than the one claimed by mid-career individuals.

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Experience Affects Bank Secrecy Act (BSA) Officer Salaries

Experienced
up arrow 29%

Late-Career
up arrow 27%

Mid-Career
up arrow 5%

National Average
$55,000

Entry-Level
up arrow 11%

Skills That Affect Bank Secrecy Act (BSA) Officer Salaries

Bank Security Act Compliance
up arrow 15%

Anti-Money Laundering (AML)
up arrow 4%

Regulatory Compliance
up arrow 4%

National Average
$55,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 37 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
2%
1-4 years
28%
5-9 years
28%
10-19 years
28%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 76%
medical benefits
Vision: 63%
dental benefits
None: 9%
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