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

The average salary for a Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer is $56,736 per year. A skill in Data Analysis is associated with high pay for this job. People in this job generally don't have more than 20 years' experience.

$42,897 - $97,272
$43K
$60K
$97K
MEDIAN: $59,971
10%
50%
90%

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$15.04 - $30.53
$15
$20
$31
MEDIAN: $20.43
10%
50%
90%

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$0$98K
Salary $42,897 - $97,272
Bonus $506 - $14,142
Profit Sharing $-0.50 - $4,266
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).
)
$39,403 - $98,447
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 237
Hourly Data $0$40
Hourly Rate $15.04 - $30.53
Overtime $18.00 - $40.53
Annual Data $0$98K
Bonus $506 - $14,142
Profit Sharing $-0.50 - $4,266
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).
)
$39,403 - $98,447
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 50

Find Out Exactly What You Should Be Paid

United States (change)

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

Popular Employer Salaries for Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer

Popular Skills for Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer

Pay by Experience Level for Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer

Pay by Experience for a Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer has a positive trend. An entry-level Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer with less than 5 years of experience can expect to earn an average total compensation of $52,000 based on 256 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $61,000 based on 124 salaries. An experienced Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $72,000 based on 75 salaries. A Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $71,000 based on 27 salaries.

Pay Difference by Location

National Average: $58,047

Larger city markers indicate a job is popular in that location.

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

Q: What is it like working as a Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer?

Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer in Woodbridge:
"Very intenses, analytical,"
Pros: Interesting investigations, experience.
Cons: Very stressful, deadline oriented.

Related Job Salaries

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

Gender

Female
63 %
Male
37 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 36 votes.
Less than 1 year
4%
1-4 years
48%
5-9 years
23%
10-19 years
17%
20 years or more
8%
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Location:
Years in Fields/Career:
United States (change)

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

▲24%

▲22%

▲5%

National Average
$58,000

▼10%

Skills That Affect Bank Secrecy Act-Anti-Money Laundering (BSA/AML) Officer Salaries

Data Analysis
▲12%

National Average
$58,000




Research Analysis
▼10%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 36 votes.

Gender

Female
63 %
Male
37 %

Years of Experience

Less than 1 year
4%
1-4 years
48%
5-9 years
23%
10-19 years
17%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 82%
vision benefits
Vision: 72%
no benefits
None: 11%
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