How much does a Bank Secrecy Act Analyst I make hourly in the United States? The average hourly wage for a Bank Secrecy Act Analyst I in the United States is $27 as of February 26, 2024, but the range typically falls between $23 and $33. Hourly rate 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. 

Bank Secrecy Act Analyst I Salaries by Percentile
Percentile Hourly Pay Rate Location Last Updated
10th Percentile Bank Secrecy Act Analyst I Salary $19 US February 26, 2024
25th Percentile Bank Secrecy Act Analyst I Salary $23 US February 26, 2024
50th Percentile Bank Secrecy Act Analyst I Salary $27 US February 26, 2024
75th Percentile Bank Secrecy Act Analyst I Salary $33 US February 26, 2024
90th Percentile Bank Secrecy Act Analyst I Salary $37 US February 26, 2024
25% $23 10% $19 90% $37 75% $33 $27 50%(Median) Didn’t find job title? Click
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What skills does a Bank Secrecy Act Analyst I need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Trading: Trading is the act or process of buying, selling, or exchanging commodities, at either wholesale or retail, within a country or between countries.

3.

Anti Money Laundering: Anti-money laundering (AML) refers to the activities financial institutions perform to achieve compliance with legal requirements to actively monitor for and report suspicious activities.

Analysis 5.75%
Trading 2.15%
Anti Money Laundering 1.68%
Others 90.42%

Job Description for Bank Secrecy Act Analyst I

Bank Secrecy Act Analyst I monitors customer accounts and researches transactions to identify suspicious activity violating current anti-money laundering (AML) regulations defined in the US Bank Secrecy Act (BSA) or other governmental anti-terrorist financing programs. Uses customer data mining and software tools to identify suspicious activity patterns. Being a Bank Secrecy Act Analyst I reviews daily Currency Transaction Reports (CTR) and Questionable Activity Reports (QAR), and submits Suspicious Activity Reports (SAR) as appropriate. Ensures adherence to Know your Customer (KYC) protocols. Additionally, Bank Secrecy Act Analyst I may lead or participate in investigations of suspicious activity to pursue corrective actions and ensure completion of required filings. Keeps abreast with regulatory changes, risk management best practices, and trending methods used by fraud perpetrators. Delivers compliance training with up-to-date regulatory information and procedures to develop and guide a well-informed staff. Typically requires a bachelor's degree. May have the Certified Anti Money Laundering Specialist (CAMS) certification. Typically reports to a manager. The Bank Secrecy Act Analyst I work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Bank Secrecy Act Analyst I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Career Path for Bank Secrecy Act Analyst I

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Bank Secrecy Act Analyst I, the upper level is Bank Secrecy Act Analyst II and then progresses to Bank Secrecy Act Officer.

Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2022
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Bank Secrecy Act Analyst I salary varies from city to city. Compared with national average salary of Bank Secrecy Act Analyst I, the highest Bank Secrecy Act Analyst I salary is in San Francisco, CA, where the Bank Secrecy Act Analyst I salary is 25.0% above. The lowest Bank Secrecy Act Analyst I salary is in Miami, FL, where the Bank Secrecy Act Analyst I salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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Understand the total hourly compensation opportunity for a Bank Secrecy Act Analyst I, hourly wage plus other pay elements

Average Hourly Wage

Core compensation

 
 
 
23
33
27

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
24
34
28
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Bank Secrecy Act Analyst I in the United States. The average hourly rate for Bank Secrecy Act Analyst I ranges from $23 to $33 with the average hourly pay of $27. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $24 to $34 with the average total hourly cash compensation of $28.
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23
33

 

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Skills associated with Bank Secrecy Act Analyst I: Know Your Customer Administration, Investigations, Suspicious Activity Monitoring, Internal Controls ...More

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Bank Secrecy Act Analyst I Salary in United States
Bank Secrecy Act Analyst I Salary Graph, Regional Distribution and Summary