Financial Examiners: Salary, Job Description, How To Be One and More

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Financial Examiners jobs information
pros and cons of being a Financial Examiner

Financial Examiners

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


  • $88310
    Salary
  • 74%
    Job satisfaction
  • Quite Hard
    Becoming one
  • Low
    Job growth
OwlGuru Rank

B+



Financial Examiners: Know It All In 1 Minute


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.



Job description

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.

Read more about what does A Financial Examiner really do at work and what is it like being and working as one.


Become one

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Salary

Average salary
$88310 per year

Hourly wage
$42.46 an hour


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 statesHourlyAnnual
DC$71.94$149640
NY$55.08$114570
IL$49.53$103030
MA$48.7$101290
NJ$48.43$100740

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).

Find out how much do successful Financial Examiners make and if their salary is high when compared to all the other careers.


Requirements

Recommended degree level
Bachelor’s Degree

We asked other Financial Examiners what degree they had when they got the job and most of them said they had a Bachelors degree followed by Master’s degree.

Other than that we also asked them what did they major in and here are the most popular majors that came up.

Financial Forensics and Fraud Investigation
Suspension and Debarment Investigation
Accounting
Auditing
Taxation

Another popular question from our readers is what makes A Financial Examiner successful or would they be good in this career.

Well, we found that most successful Financial Examiners have these 5 skillsets.

Reading Comprehension
Active Listening
Critical Thinking
Writing
Speaking

In addition to that, 1 common characteristic among successful Financial Examiners is they are good at Integrity. Here are the top 5 common characteristics.

Integrity
Analytical Thinking
Dependability
Attention to Detail
Self Control
= Hot in-demand that most employers are looking for

Read more about what it really takes to become A Financial Examiner and the degree, training and education you need


Pros and Cons

Here are some reasons why you should and shouldn’t choose A Financial Examiner as your career.

PROS
Suitable for people who likes to start and carry out projects
Suitable for people who wants independence and likes to work on their own and make decisions
This career is perfect for people who love to work indoors.
Very high salary (top 25% highest paid careers)
CONS
Not suitable for people who likes to work with designs
It is hard to get into this career. A considerable amount of workrelated skill, knowledge, or experience is required for this career.
Long working hours (More than 40 hours per week)


There will be pros and cons for all jobs. The point is how much do the pros outweigh the cons to you.

A pro to you might be a con to Bob. A pro to Bob might be a con to you. We suggest reading about this career framework that can help you to find out what type of careers are right for you.



What is the job like

Job satisfaction
74%

Is this job meaningful
52%


Working hours
More than 40 hours per week

Working schedule
Regular (Set schedule and routine)


On a normal working week Financial Examiners work More than 40 hours per week.

74% of Financial Examiners said they were satisfied with their job and 52% said they feel like their job is making other people’s lives better.



Is this right for me

Best personality for this career
The Persuaders and The Organizers


You can read more about these career personality types here.

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.



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Rank: B
Salary: $71230

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They obtain evidence, take statements, produce reports, and testify to findings regarding resolution of fraud allegations. May coordinate fraud detection and prevention activities.






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Career type

Business and Finance
Business Financial Management and Accounting
Regulation, Revenue and Taxation

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Related to Financial Examiners Career Information

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

Additional resources

http://www.bls.gov/OOH/business-and-financial/financial-examiners.htm
https://www.fdic.gov/
http://www.consumerfinance.gov/

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Financial Examiners
Written by: Stanley Tan
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.
4.5 / 5 stars

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