How much does a Bank Secrecy Act Officer make in Colfax, WA? The average Bank Secrecy Act Officer salary in Colfax, WA is $95,134 as of May 28, 2024, but the range typically falls between $80,664 and $112,794. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Percentile | Salary | Location | Last Updated |
10th Percentile Bank Secrecy Act Officer Salary | $67,490 | Colfax,WA | May 28, 2024 |
25th Percentile Bank Secrecy Act Officer Salary | $80,664 | Colfax,WA | May 28, 2024 |
50th Percentile Bank Secrecy Act Officer Salary | $95,134 | Colfax,WA | May 28, 2024 |
75th Percentile Bank Secrecy Act Officer Salary | $112,794 | Colfax,WA | May 28, 2024 |
90th Percentile Bank Secrecy Act Officer Salary | $128,873 | Colfax,WA | May 28, 2024 |
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The Bank Secrecy Act Officer uses oversight systems, interdiction software, and audit processes to perform daily transaction monitoring and identify suspicious activity patterns. Supervises daily operations to identify and respond to suspicious activity violating current anti-money laundering (AML) regulations. Being a Bank Secrecy Act Officer leads investigations of suspicious activity to pursue corrective actions and ensure completion of required filings. Monitors activity and ensures adherence to Know Your Customer (KYC) protocols and regulatory requirements for required filings and reporting. In addition, Bank Secrecy Act Officer maintains extensive knowledge of financial regulations, risk management best practices, and changing fraudulent trends to develop and implement appropriate compliance procedures. Delivers compliance training with up-to-date regulatory information and procedures to develop and guide well-informed staff. Understands banking regulations such as the US Bank Secrecy Act (BSA) or other governmental anti-money laundering laws. Typically requires a bachelor's degree. Typically reports to a director. The Bank Secrecy Act Officer supervises a group of primarily para-professional level staffs. May also be a level above a supervisor within high volume administrative/production environments. Makes day-to-day decisions within or for a group/small department. Has some authority for personnel actions. Working as a Bank Secrecy Act Officer typically requires 3-5 years experience in the related area as an individual contributor. Thorough knowledge of functional area and department processes. (Copyright 2024 Salary.com)
4 - 7 years experience
Bachelor's Degree
3 - 5 years experience
Bachelor's Degree
Bachelor's Degree
Salary.com's CompAnalyst platform offers:
Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Bank Secrecy Analyst I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Bank Secrecy Analyst II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Bank Secrecy Analyst III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Job Title Bank Secrecy Director | Experience | EducationBachelors | Salary Compared to This Job |
Job Title Bank Secrecy Senior Officer | Experience | EducationBachelors | Salary Compared to This Job |
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About Colfax, Washington Colfax is the county seat of Whitman County, Washington, United States. The population was 2,805 at the 2010 census. The population is estimated at 2....More
Colfax, Washington area prices were up 2.9% from a year ago View the Cost of Living in Colfax, Washington
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