Projected Growth: Faster than average
Projected Job Openings
Considerable Preparation Needed
Your job is to Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify, or authenticate records.
Common job titles of Financial Examiners include:
Experience and Education
A considerable amount of work-related skill, knowledge, or experience is needed for this occupation. For example, a person in this occupation must complete four years of college and work for several years in industry to be considered qualified.
84% said they needed a Bachelor's Degree.
12% said they needed a Master's Degree.
Investigate activities of institutions to enforce laws and regulations and to ensure legality of transactions and operations or financial solvency.
Review balance sheets, operating income and expense accounts, and loan documentation to confirm institution assets and liabilities.
Plan, supervise, and review work of assigned subordinates.
Confer with officials of real estate, securities, or financial institution industries to exchange views and discuss issues or pending cases.
Evaluate data processing applications for institutions under examination to develop recommendations for coordinating existing systems with examination procedures.
Resolve problems concerning the overall financial integrity of banking institutions including loan investment portfolios, capital, earnings, and specific or large troubled accounts.
Verify and inspect cash reserves, assigned collateral, and bank-owned securities to check internal control procedures.
Direct and participate in formal and informal meetings with bank directors, trustees, senior management, counsels, outside accountants and consultants to gather information and discuss findings.
Review audit reports of internal and external auditors to monitor adequacy of scope of reports or to discover specific weaknesses in internal routines.
Prepare reports, exhibits and other supporting schedules that detail an institution's safety and soundness, compliance with laws and regulations, and recommended solutions to questionable financial conditions.
Examine the minutes of meetings of directors, stockholders and committees to investigate the specific authority extended at various levels of management.
Recommend actions to ensure compliance with laws and regulations, or to protect solvency of institutions.
Review and analyze new, proposed, or revised laws, regulations, policies, and procedures to interpret their meaning and determine their impact.
Provide regulatory compliance training to employees.
Train other examiners in the financial examination process.
Review applications for mergers, acquisitions, establishment of new institutions, acceptance in Federal Reserve System, or registration of securities sales to determine their public interest value and conformance to regulations, and recommend acceptance or rejection.
Establish guidelines for procedures and policies that comply with new and revised regulations and direct their implementation.
Financial compliance software
Financial transaction analysis software
General Examination System GENESYS
Investigation management software
ODEN Insurance Services State Rules & Regulations
Oversight Insights On Demand
System for Electronic Rate and Form Filing SERFF
Understanding written sentences and paragraphs in work related documents.
Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Management of Personnel Resources
Motivating, developing, and directing people as they work, identifying the best people for the job.
Communicating effectively in writing as appropriate for the needs of the audience.
Talking to others to convey information effectively.
Understanding the implications of new information for both current and future problem-solving and decision-making.
Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
Adjusting actions in relation to others' actions.
Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
Complex Problem Solving
Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Judgment and Decision Making
Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Using mathematics to solve problems.
Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.
Being aware of others' reactions and understanding why they react as they do.
Teaching others how to do something.
Managing one's own time and the time of others.
Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.
Bringing others together and trying to reconcile differences.
Analyzing needs and product requirements to create a design.
Persuading others to change their minds or behavior.
Actively looking for ways to help people.
Read and understand information and ideas presented in writing.
Cognitive Abilities › Verbal Abilities › Written Comprehension
Communicate information and ideas in speaking so others will understand.
Cognitive Abilities › Verbal Abilities › Oral Expression
Tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
Cognitive Abilities › Idea Generation and Reasoning Abilities › Problem Sensitivity
Apply general rules to specific problems to produce answers that make sense.
Cognitive Abilities › Idea Generation and Reasoning Abilities › Deductive Reasoning
See details at close range (within a few feet of the observer).
Sensory Abilities › Visual Abilities › Near Vision
Listen to and understand information and ideas presented through spoken words and sentences.
Cognitive Abilities › Verbal Abilities › Oral Comprehension
Communicate information and ideas in writing so others will understand.
Cognitive Abilities › Verbal Abilities › Written Expression
Combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
Cognitive Abilities › Idea Generation and Reasoning Abilities › Inductive Reasoning
Add, subtract, multiply, or divide quickly and correctly.
Cognitive Abilities › Quantitative Abilities › Number Facility