Other names for this job might include Agent, Bank Compliance Officer, Bank Examiner, Bank Secrecy Act Anti-Money Laundering Officer (BSA/AML Officer), Chief Bank Examiner, Community Reinvestment Act Officer (CRA Officer), Compliance Analyst, Compliance Director, Compliance Manager, Compliance Officer
In this career summary, you will find out what the job of A Financial Examiner is about and what it is like.
After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.
Financial Examiners 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.
Investigate activities of institutions to enforce laws and regulations and to ensure legality of transactions and operations or financial solvency.
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.
Recommend actions to ensure compliance with laws and regulations, or to protect solvency of institutions.
Resolve problems concerning the overall financial integrity of banking institutions including loan investment portfolios, capital, earnings, and specific or large troubled accounts.
Financial Examiners with little to no experience tend to make between $45540 and $58490 while the more experienced ones make over $109310 per year.
Top 5 paying states
1 of the easiest ways to increase your salary as A Financial Examiner is to move to a higher paying state like DC. Right now, the highest paying states for Financial Examiners are DC, NY, IL, MA and NJ.
However a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be 2x higher than where you are currently at now.
3 other factors that can increase your salary as A Financial Examiner is the degree you hold, the industry you work in and lastly the company you work for (bigger companies like the Fortune 500 companies tend to pay more).
People who are suitable for this job tends to like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.
They also like following set procedures and routines. They like working with data and details more than with ideas.
They direct and coordinate financial activities of workers in a branch, office, or department of an establishment, such as branch bank, brokerage firm, risk and insurance department, or credit department.
Financial Examiners job description, Financial Examiners salary, Financial Examiners information, what is the job of a Financial Examiner like, pros and cons about Financial Examiners, colleges and universities for Financial Examiners, is Financial Examiners the right career for me, Quite Hard careers to get into, careers in Business and Finance
http://www.bls.gov/OOH/business-and-financial/financial-examiners.htm https://www.fdic.gov/ http://www.consumerfinance.gov/
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