A person working as a Bank Secrecy Act Officer in will on average earn $47701 per year (pre-tax value). Salary is provided in USD ($/dollar) value.
Below is a break-down of yearly, monthly, weekly and hourly rate.
| Rate Type | Amount (USD) |
|---|---|
| Yearly salary | $47,701.00 |
| Weekly salary | $917.33 |
| Daily salary | $130.69 |
| Hourly salary | $16.34 |
This means bank secrecy act officer salary is below average!
Job Industry: finance
Description: A Bank Secrecy Act (BSA) Officer is responsible for ensuring compliance with the Bank Secrecy Act and Anti-Money Laundering (AML) regulations within a financial institution. Their primary role is to develop, implement, and maintain effective BSA/AML policies, procedures, and controls to detect and prevent money laundering, terrorist financing, and other illicit activities. They oversee the monitoring of customer transactions, conduct risk assessments, and provide training to employees on BSA/AML compliance. The BSA Officer also acts as a liaison between the financial institution and regulatory agencies, ensuring timely reporting of suspicious activities and responding to inquiries or audits.
Tagged with: BSA Officer, Bank Secrecy Act, Anti-Money Laundering, Compliance Officer, Financial Crime Prevention, Regulatory Compliance.