The average salary for a Bank Secrecy Act (BSA) Officer is $59,681.
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What Do Bank Secrecy Act (BSA) Officers Do?
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.
The officer will periodically carry out risk assessments and provide solutions in order to…Read more
Bank Secrecy Act (BSA) Officer Tasks
- Develop, implement and administer the Bank Secrecy Act compliance program.
- Lead, train and supervise the department staff.
- 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.
Job Satisfaction for Bank Secrecy Act (BSA) Officer
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Bank Secrecy Act (BSA) Officer
Bank Secrecy Act-Anti-Money Laundering (...
Somewhat common (8 - 20%)
Bank Secrecy Act (BSA) Officer Job Listings
What Are Popular Skills for Bank Secrecy Act (BSA) Officers?
Skills in Anti-Money Laundering (AML), Bank Secrecy Act (BSA) Compliance, Regulatory Compliance and Bank Security Act Compliance are correlated to pay that is above average. Skills that pay less than market rate include Risk Management / Risk Control.
What is the Pay by Experience Level for Bank Secrecy Act (BSA) Officers?
An entry-level Bank Secrecy Act (BSA) Officer with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $44,280 based on 17 salaries. An early career Bank Secrecy Act (BSA) Officer with 1-4 years of experience earns an average total compensation of $49,260 based on 179 salaries. A mid-career Bank Secrecy Act (BSA) Officer with 5-9 years of experience earns an average total compensation of $62,643 based on 127 salaries. An experienced Bank Secrecy Act (BSA) Officer with 10-19 years of experience earns an average total compensation of $72,762 based on 156 salaries. In their late career (20 years and higher), employees earn an average total compensation of $72,059.
Pay Difference by Location
Employees with Bank Secrecy Act (BSA) Officer in their job title in New York, New York earn an average of 109.5% more than the national average. These job titles also find higher than average salaries in Irvine, California (67.6% more) and Los Angeles, California (41.7% more). The lowest salaries can be found in Houston, Texas (7.8% less).
Years of Experience
This data is based on 526 survey responses.