Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer Salary (India)

A Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer earns an average salary of Rs 335,476 per year. Most people with this job move on to other positions after 10 years in this career.

Rs 200,000 - Rs 612,431
Rs 200K
Rs 370K
Rs 610K
MEDIAN: Rs 365,479
10%
50%
90%
Rs 0Rs 679K
Salary Rs 200,000 - Rs 612,431
Bonus Rs 12,795 - Rs 154,563
Profit Sharing Rs 5,001
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).
)
Rs 216,897 - Rs 679,714
  • Country: India
  • Currency: INR
  • Updated: 18 Jan 2018
  • Individuals Reporting: 49

Job Description for Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer

A Bank Secrecy Act-Anti-Money Laundering (BSA/AML) officer is primarily responsible for understanding the regulations and laws related to the Bank Secrecy Act. Using this understanding, the BSA/AML officer helps implement rules and regulations within their bank; this includes identifying parameters to ensure the bank is in compliance with the BSA/AML regulations, as well as the Patriot Act. The employee must be self-motivated, as they must monitor, explain, and adjust the bank's operations within this regulatory framework.

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Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer Tasks

  • Implement policies, procedures, and systems to ensure comprehensive customer identification, customer due diligence, and suspicious activity monitoring and reporting.
  • Oversee BSA report preparation. Issue periodic reports of BSA review issues to senior and division managers.
  • Resolve issues and problems with all levels of management throughout multi-bank environments responding to issues/problems as they occur.
  • Develop an enterprise-wide BSA/AML risk assessment with consideration to products, services, customers, and geographies that may present BSA/AML related risks.
  • Direct and perform special projects or audits as directed.

Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer Job Listings

Key Stats for Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer

Gender

Female
35 %
Male
65 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 2 votes.
Less than 1 year
6%
1-4 years
69%
5-9 years
24%

Experience Affects Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer Salaries

Mid-Career
▲14%

National Average
Rs 394,000

Entry-Level
▼15%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 2 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
6%
1-4 years
69%
5-9 years
24%

Common Health Benefits

medical benefits
Medical: 73%
dental benefits
Dental: 9%
vision benefits
Vision:
no benefits
None: 18%