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Financial Examiners

$84,300 Median Wage (2023)

6,500 Projected job openings (2023-2033)

21.00% Projected growth (2023-2033)

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.

Experience Requirements Overview

Job Zone Four: Considerable Preparation Needed
A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
Most of these occupations require a four-year bachelor's degree, but some do not.
Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.

Education, Training and Experience

Required Level of Education: Bachelor's Degree

Related Work Experience: N.A.

On-Site or In-Plant Training: Over 2 years, up to and including 4 years

On-the-Job Training: Over 2 years, up to and including 4 years

Detailed Work Activities

Train personnel in organizational or compliance procedures.
Examine financial records or processes.
Evaluate applicable laws and regulations to determine impact on organizational activities.
Supervise employees.
Advise others on legal or regulatory compliance matters.
Monitor organizational processes.
Prepare operational reports.
Monitor financial indicators.
Train personnel to enhance job skills.
Establish organizational guidelines or policies.
Coordinate with external parties to exchange information.
Confer with others about financial matters.
Verify accuracy of financial information.
Examine financial records.
Review license or permit applications.
Implement financial decisions.

Work Values

Achievement

Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement.

Working Conditions

Recognition

Relationships

Support

Independence

Tasks

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.
Recommend actions to ensure compliance with laws and regulations, or to protect solvency of institutions.
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.
Resolve problems concerning the overall financial integrity of banking institutions including loan investment portfolios, capital, earnings, and specific or large troubled accounts.
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.
Review audit reports of internal and external auditors to monitor adequacy of scope of reports or to discover specific weaknesses in internal routines.
Examine the minutes of meetings of directors, stockholders, and committees to investigate the specific authority extended at various levels of management.
Train other examiners in the financial examination process.
Establish guidelines for procedures and policies that comply with new and revised regulations and direct their implementation.
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.
Evaluate data processing applications for institutions under examination to develop recommendations for coordinating existing systems with examination procedures.
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.
Verify and inspect cash reserves, assigned collateral, and bank-owned securities to check internal control procedures.
Confer with officials of real estate, securities, or financial institution industries to exchange views and discuss issues or pending cases.

Work Styles

Achievement/Effort

Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks.

Persistence

Initiative

Leadership

Cooperation

Concern for Others

Social Orientation

Self-Control

Stress Tolerance

Adaptability/Flexibility

Dependability

Attention to Detail

Integrity

Independence

Innovation

Analytical Thinking

Data Source: This page includes information from the O*NET 28.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA. This page includes Employment Projections program, Occupational Employment and Wage Statistics program, U.S. Bureau of Labor Statistics.

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