Financial Examiners

Bank Examiner
Bank Secrecy Act Anti-Money Laundering Officer (BSA/AML Officer)
Community Reinvestment Act Officer (CRA Officer)
Compliance Analyst
Compliance Specialist
Credit Union Examiner
Credit Union Field Examiner
Examining Officer
Internal Auditor
Career Assessment
Career Assessment

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.

Technology Skills

  • Data base user interface and query software
    • Microsoft Access
    • Structured query language SQL
  • Presentation software
    • Microsoft PowerPoint
  • Financial analysis software
    • ACL Analytics
    • Financial transaction analysis software
    • General Examination System GENESYS
    • PricewaterhouseCoopers TeamMate
  • Compliance software
    • NILS INSource
    • ODEN Insurance Services State Rules & Regulations
    • Oversight Insights On Demand
    • System for Electronic Rate and Form Filing SERFF
  • Project management software
    • Investigation management software
    • Microsoft Project

Tools Used

  • Notebook computers
  • Desktop calculator
    • 10-key calculators
  • Desktop computers
  • Personal computers

Knowledge

  • English Language

    Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

  • Economics and Accounting

    Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.

  • Law and Government

    Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.

  • Mathematics

    Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

  • Administration and Management

    Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.

Skills

  • Critical Thinking

    Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.

  • 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.

  • Speaking

    Talking to others to convey information effectively.

  • Writing

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

Abilities

  • Written Comprehension

    The ability to read and understand information and ideas presented in writing.

  • Deductive Reasoning

    The ability to apply general rules to specific problems to produce answers that make sense.

  • Inductive Reasoning

    The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).

  • Oral Expression

    The ability to communicate information and ideas in speaking so others will understand.

  • Near Vision

    The ability to see details at close range (within a few feet of the observer).

Education

How much education does a new hire need to perform a job in this occupation?

  • Bachelor's degree
    87 %
  • Post-baccalaureate certificate
    9 %

    Awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree, but do not meet the requirements of academic degrees carrying the title of Master

  • Master's degree
    4 %

Work Activities

  • Getting Information

    Observing, receiving, and otherwise obtaining information from all relevant sources.

  • Evaluating Information to Determine Compliance with Standards

    Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.

  • Analyzing Data or Information

    Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.

  • Communicating with Supervisors, Peers, or Subordinates

    Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.

  • Making Decisions and Solving Problems

    Analyzing information and evaluating results to choose the best solution and solve problems.

Detailed Work Activities

  • Confer with others about financial matters.
  • Coordinate with external parties to exchange information.
  • Advise others on legal or regulatory compliance matters.
  • Prepare operational reports.
  • Implement financial decisions.

Work Interests

  • Conventional

    Work involves following procedures and regulations to organize information or data, typically in a business setting. Conventional occupations are often associated with office work, accounting, mathematics/statistics, information technology, finance, or human resources.

  • Enterprising

    Work involves managing, negotiating, marketing, or selling, typically in a business setting, or leading or advising people in political and legal situations. Enterprising occupations are often associated with business initiatives, sales, marketing/advertising, finance, management/administration, professional advising, public speaking, politics, or law.

  • Investigative

    Work involves studying and researching non-living objects, living organisms, disease or other forms of impairment, or human behavior. Investigative occupations are often associated with physical, life, medical, or social sciences, and can be found in the fields of humanities, mathematics/statistics, information technology, or health care service.

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Job Outlook

Projected salary and job growth

$49710.0 - $165670.0

This career will grow rapidly in the next few years.

Assessment

Related assessments and tests

No assessment available.