How much does a Compliance & Bank Secrecy Manager make in Chicago, IL? The average Compliance & Bank Secrecy Manager salary in Chicago, IL is $98,370 as of April 24, 2024, but the range typically falls between $83,410 and $116,630. 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 Compliance & Bank Secrecy Manager Salary | $69,790 | Chicago,IL | April 24, 2024 |
25th Percentile Compliance & Bank Secrecy Manager Salary | $83,410 | Chicago,IL | April 24, 2024 |
50th Percentile Compliance & Bank Secrecy Manager Salary | $98,370 | Chicago,IL | April 24, 2024 |
75th Percentile Compliance & Bank Secrecy Manager Salary | $116,630 | Chicago,IL | April 24, 2024 |
90th Percentile Compliance & Bank Secrecy Manager Salary | $133,255 | Chicago,IL | April 24, 2024 |
The Compliance & Bank Secrecy Manager 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 Compliance & Bank Secrecy Manager 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, Compliance & Bank Secrecy Manager 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 Compliance & Bank Secrecy Manager 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 Compliance & Bank Secrecy Manager 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 Chicago, Illinois Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third mos....More
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