Bsa/aml compliance officer vs credit compliance officer

The differences between bsa/aml compliance officers and credit compliance officers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a credit compliance officer has an average salary of $140,100, which is higher than the $75,913 average annual salary of a bsa/aml compliance officer.

The top three skills for a bsa/aml compliance officer include secrecy, SAR and CTRS. The most important skills for a credit compliance officer are risk management, regulatory compliance, and credit compliance.

Bsa/aml compliance officer vs credit compliance officer overview

	Bsa/Aml Compliance Officer	Credit Compliance Officer
Yearly salary	$75,913	$140,100
Hourly rate	$36.50	$67.36
Growth rate	-	17%
Number of jobs	69,507	73,431
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 61%
Average age	46	46
Years of experience	-	-

Bsa/aml compliance officer vs credit compliance officer salary

Bsa/aml compliance officers and credit compliance officers have different pay scales, as shown below.

	Bsa/Aml Compliance Officer	Credit Compliance Officer
Average salary	$75,913	$140,100
Salary range	Between $48,000 And $117,000	Between $95,000 And $205,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between bsa/aml compliance officer and credit compliance officer education

There are a few differences between a bsa/aml compliance officer and a credit compliance officer in terms of educational background:

	Bsa/Aml Compliance Officer	Credit Compliance Officer
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 61%
Most common major	Business	Finance
Most common college	University of Pennsylvania	University of Pennsylvania

Bsa/aml compliance officer vs credit compliance officer demographics

Here are the differences between bsa/aml compliance officers' and credit compliance officers' demographics:

	Bsa/Aml Compliance Officer	Credit Compliance Officer
Average age	46	46
Gender ratio	Male, 56.1% Female, 43.9%	Male, 53.2% Female, 46.8%
Race ratio	Black or African American, 10.0% Unknown, 4.5% Hispanic or Latino, 16.0% Asian, 8.4% White, 60.2% American Indian and Alaska Native, 0.8%	Black or African American, 12.7% Unknown, 4.3% Hispanic or Latino, 14.8% Asian, 7.9% White, 59.7% American Indian and Alaska Native, 0.7%
LGBT Percentage	12%	12%

Differences between bsa/aml compliance officer and credit compliance officer duties and responsibilities

Bsa/aml compliance officer example responsibilities.

Participate in OCC exam preparation and review including research and presentation of documentation to achieve compliance with federal examiner requests.
Conduct and verify that OFAC rules and regulations are apply and follow for assets from target foreign countries and individuals.
Identify all transactions in OTC equity securities and ascertain that every recommendation to customers meet suitability standards via exclusion or exemption.
Create policies, procedures, and train bank staff regarding HMDA reporting.
Complete suspicious activity reports (SARs) to notify FinCEN of suspect incidents of money laundering or fraud.

Credit compliance officer example responsibilities.

Participate in OCC exam preparation and review including research and presentation of documentation to achieve compliance with federal examiner requests.
Identify all transactions in OTC equity securities and ascertain that every recommendation to customers meet suitability standards via exclusion or exemption.
Participate in structuring terms and reviewing legal documents for derivative transactions, letters of credit, and liquidity facilities.

Bsa/aml compliance officer vs credit compliance officer skills

Common bsa/aml compliance officer skills

Secrecy, 8%
SAR, 7%
CTRS, 6%
FinCEN, 6%
Compliance Program, 5%
Due Diligence, 5%

Common credit compliance officer skills

Risk Management, 42%
Regulatory Compliance, 19%
Credit Compliance, 14%
Compliance Issues, 12%
Compliance Reviews, 10%
Financial Statements, 2%

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Bsa/Aml Compliance Officer
Bsa/Aml Compliance Officer vs Credit Compliance Officer

Updated January 8, 2025

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