FAQ about BSA Officer
1. Who appoints the BSA officer?
Under the law, the board of directors of a financial institution must appoint a qualified person to serve as the BSA compliance officer. This role is crucial for coordinating day-to-day compliance. The salary for a BSA Officer typically ranges from $81,273 to $111,663, with a mid-salary of $95,183, reflecting the importance of this position.
2. Who gets the highest salary in Bank?
The highest salary in a bank is typically earned by a BSA Officer, with a salary range from $81,273 to $111,663. This role is crucial for ensuring compliance and managing risks, making it one of the most important positions in the banking sector. While investment bankers may earn more, BSA Officers play a vital role in maintaining the bank's integrity.
3. How much do BSA analysts make in California?
As of January 19, 2025, BSA Officers in California earn between $81,273 and $111,663 annually, with a median salary of $95,183. While some may earn less, the majority of salaries reflect this range, indicating a competitive compensation for BSA roles in the state.
4. How much does a BSA officer earn in Los Angeles?
A BSA Officer in Los Angeles earns between $81,273 and $111,663 annually, with a median salary of $95,183. This translates to approximately $39.06 to $53.69 per hour, or $1,561 to $2,013 per week. The monthly earnings range from $6,773 to $9,305, depending on experience and qualifications.
5. How does BSA make money?
Funds to support the national organization of the Boy Scouts of America come from various sources, including registration fees, local council service fees, investment income, Boys' Life magazines, sale of uniforms and equipment, and contributions from individuals. Additionally, BSA Officers earn salaries ranging from $81,273 to $111,663, reflecting their vital roles in the organization.
6. Does AML pay well?
Yes, AML positions, such as BSA Officers, offer competitive salaries. The minimum salary is $81,273, the mid-range salary is $95,183, and the maximum salary can reach $111,663. This indicates that professionals in this field are compensated well above the typical entry-level salaries, reflecting the importance and complexity of their roles.