Assistant Bank Secrecy Act (BSA) Officer Salary

Median pay for Assistant Bank Secrecy Act Officers in the United States is around $47K annually. Location is the biggest factor affecting pay for this group, followed by experience level. Men are in the minority of survey respondents, with female Assistant Bank Secrecy Act Officers making up 75 percent. Nearly all enjoy medical while a majority get dental coverage. Vision coverage is also available to the greater part. Work is enjoyable for Assistant Bank Secrecy Act Officers, who typically claim high levels of job satisfaction. This report is based on answers to PayScale's salary questionnaire.

$29,612 - $68,897
$30K
$47K
$69K
MEDIAN: $46,760
10%
50%
90%

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$12.60 - $20.78
$13
$19
$21
MEDIAN: $18.55
10%
50%
90%

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$0$68K
Salary $29,612 - $68,897
Bonus $200.67 - $8,243
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).
)
$29,253 - $66,977
  • Country: United States
  • Currency: USD
  • Updated: 21 Sep 2017
  • Individuals Reporting: 20
Hourly Data $0$21
Hourly Rate $12.60 - $20.78
Overtime $21.68
Annual Data $0$66K
Bonus $200.67 - $8,243
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).
)
$29,253 - $66,977
  • Country: United States
  • Currency: USD
  • Updated: 21 Sep 2017
  • Individuals Reporting: 15

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Assistant Bank Secrecy Act (BSA) Officer

Most of the time, assistant Bank Secrecy Act (BSA) officers work for banks. However, they may work for other financial institutions. These institutions include brokerage firms that provide banking services to their customers, in addition to investment services and stock trading platforms. BSA officers provide operational support for their BSA department. They implement the bank's BSA compliance programs. They maintain and review their institution's BSA and Office of Foreign Assets Control (OFAC) monitoring system to assure that it has appropriate tools to identify suspicious or fraudulent activities. They must also monitor their bank’s compliance with Anti-Money Laundering (AML) laws and that they have ways to recognize suspicious activities related to money laundering. They must make sure that their banks adhere to various banking and federal laws and regulations.

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Assistant Bank Secrecy Act (BSA) Officer Tasks

  • Develop and implement BSA, AML, and OFAC regulations, policies and procedures of the branch.
  • Report suspicious cases and any issues relating to non-compliance.
  • Assist compliance officer with OFAC and SARs searches.
  • Monitor EDD profile daily and record transactions in EDD system.

Assistant Bank Secrecy Act (BSA) Officer Job Listings

Key Stats for Assistant Bank Secrecy Act (BSA) Officer

Gender

Female
88 %
Male
12 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 4 votes.
Less than 1 year
9%
1-4 years
46%
5-9 years
31%
10-19 years
11%
20 years or more
3%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Assistant Bank Secrecy Act (BSA) Officer Salaries

Mid-Career
▲31%

Experienced
▲24%

National Average
$41,000

Entry-Level
▼2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 4 votes.

Gender

Female
88 %
Male
12 %

Years of Experience

Less than 1 year
9%
1-4 years
46%
5-9 years
31%
10-19 years
11%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 68%
vision benefits
Vision: 65%
no benefits
None: 6%
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