Compliance & Bank Secrecy Act Manager Salary in New Jersey

The Compliance & Bank Secrecy Act Manager implements procedures to ensure compliance with regulations and advises internal departments on how to meet compliance requirements. Manages daily activities of the team responsible for identifying suspicious activity in violation of the Bank Secrecy Act (BSA), USA Patriot Act, and other Anti-Money Laundering (AML) regulations. Being a Compliance & Bank Secrecy Act Manager analyzes loss trends and suggests modifications to loss reduction strategy. Leads investigations of suspicious activity and pursues corrective actions, notifying authorities as necessary. In addition, Compliance & Bank Secrecy Act Manager stays informed on changes to all related banking regulations. Requires a bachelor's degree. Typically reports to a head of a unit/department. The Compliance & Bank Secrecy Act Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. Working as a Compliance & Bank Secrecy Act Manager typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required. (Copyright 2024 Salary.com)

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