Bank Secrecy Act Officer salary in Canada

Average Yearly Salary of Bank Secrecy Act Officer in Canada is approximately 56,149 CAD (56,191 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Bank Secrecy Act Officer do?

A Bank Secrecy Act (BSA) Officer is responsible for ensuring compliance with the Bank Secrecy Act and Anti-Money Laundering (AML) regulations within a financial institution. Their primary role is to develop, implement, and maintain effective BSA/AML policies, procedures, and controls to detect and prevent money laundering, terrorist financing, and other illicit activities. They oversee the monitoring of customer transactions, conduct risk assessments, and provide training to employees on BSA/AML compliance. The BSA Officer also acts as a liaison between the financial institution and regulatory agencies, ensuring timely reporting of suspicious activities and responding to inquiries or audits.

Skills: BSA Officer, Bank Secrecy Act, Anti-Money Laundering, Compliance Officer, Financial Crime Prevention, Regulatory Compliance.
Job industry: Finance

How much does Bank Secrecy Act Officer make?

Difference in salary year over year or average salary increase is approximately 3 %


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Bank Secrecy Act Officer a well paid job?

No, our data shows that Bank Secrecy Act Officer is typically not a well-paid job. The salary varies based on experience. Meaning that even though Bank Secrecy Act Officer might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Bank Secrecy Act Officer?

High salary for Bank Secrecy Act Officer would be somewhere between 61,764 CAD and 81,416 CAD. However this is an estimation based on Gaussian Distribution.

How much can you save working as Bank Secrecy Act Officer in Canada?

Living in Canada the approximate monthly expenses are: 2,118 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 56,149 CAD
Estimated Monthly Salary: 4,679 CAD
Estimated Weekly Salary: 1,080 CAD per week
Estimated Hourly Salary: 27 CAD per hour
By working as Bank Secrecy Act Officer a person can save up to 2,564 USD per month or 30,770 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Canada, see costs of living in Canada.

Salary comparison to region and neighbouring coutries

Country's neighbours are: United States of America.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Bank Secrecy Act Officer

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Canada

Data as of 2025

Random salary:
Electronics inspector (43,872 CAD per year, pre-tax.)
Body shop manager (66,469 CAD per year, pre-tax.)
United states postal worker (carrier) (39,483 CAD per year, pre-tax.)
Payroll coordinator (45,776 CAD per year, pre-tax.)
Police lieutenant (100,772 CAD per year, pre-tax.)

Feedback about these results