Financial Examiners

Government & Public Administration > Governance

Projected Growth: Faster than average

5200+
Projected Job Openings

Considerable Preparation Needed

Job Description

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.

Tasks

    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.

Tools

Personal computers

Notebook computers

Desktop computers

10-key calculators

Technologies

ACL Analytics

Auditing software

Financial compliance software

Financial transaction analysis software

General Examination System GENESYS

Investigation management software

LexisNexis

All Technologies

NILS INSource

ODEN Insurance Services State Rules & Regulations

Oversight Insights On Demand

Presentation software

PricewaterhouseCoopers TeamMate

System for Electronic Rate and Form Filing SERFF

Westlaw

Skills

Reading Comprehension

Understanding written sentences and paragraphs in work related documents.

Active Listening

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.

Critical Thinking

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.

Writing

Communicating effectively in writing as appropriate for the needs of the audience.

Speaking

Talking to others to convey information effectively.

Active Learning

Understanding the implications of new information for both current and future problem-solving and decision-making.

Monitoring

Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.

Coordination

Adjusting actions in relation to others' actions.

Systems Analysis

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.

Mathematics

Using mathematics to solve problems.

Learning Strategies

Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.

Social Perceptiveness

Being aware of others' reactions and understanding why they react as they do.

Instructing

Teaching others how to do something.

Time Management

Managing one's own time and the time of others.

Systems Evaluation

Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.

Negotiation

Bringing others together and trying to reconcile differences.

Operations Analysis

Analyzing needs and product requirements to create a design.

Persuasion

Persuading others to change their minds or behavior.

Service Orientation

Actively looking for ways to help people.

Abilities

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

TEST Your output This field is empty or does not exist This field is empty or does not exist

Occupation Sections

Knowledge

No areas of knowledge found

Real People, Real Stories


Would you look at that! Unfortunately, we don't seem to have any real life stories related to Financial Examiners.

Perhaps you'd like to be the first? If so, let's talk about featuring your story!