What Do Financial Examiners Do: Job Description, Responsibilities and Duties

Stanley TanLeave a Comment



daily life of a Financial Examiner
are Financial Examiners happy with their job

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+



Being A Financial Examiner: What You Really Do


In this job description guide, you will find out what do Financial Examiners do and what is their typical work day like.

After reading this, you will have a much better idea on whether you will like working as a Financial Examiner or not.



Job summary

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.

We asked Financial Examiners how satisfied they are with their job. Here is what they said.

Job satisfaction

74%

How meaningful is this job

52%


74% of them said they were satisfied with their job and 52% said they find that their job makes the world a better place or helps to make someone else’s life better.



Become one

schools for Financial Examiners
Interested in becoming A Financial Examiner? Find the right schools that can help you to become one. This service is free thanks to our sponsors.

Click to start becoming a Financial Examiner




Typical day

On a daily basis, Financial Examiners Investigate activities of institutions to enforce laws and regulations and to ensure legality of transactions and operations or financial solvency.

A typical day for A Financial Examiner look like this:

Examine financial records or processes.

We asked some Financial Examiners a few questions to find out what else does their work day look like. Here is what we found.

Do you have telephone conversations everyday in this job?52% said yes
Do you have to use email everyday in this job?96% said yes
How important is it to work in a team in this job?52% said very important
Do you have group discussions everyday in this job?92% said yes
Do you have to meet strict deadlines everyday in this job?16% said yes
Do you talk or work with customers everyday in this job?20% said yes
Do you have to deal with angry customers everyday in this job?0% said yes
Do you have to make decisions everyday in this job?36% said yes



Other responsibilities

Besides the “typical day” things that Financial Examiners do, they Review and analyze new, proposed, or revised laws, regulations, policies, and procedures to interpret their meaning and determine their impact. They might also Plan, supervise, and review work of assigned subordinates.

On a weekly to monthly basis, Financial Examiners Recommend actions to ensure compliance with laws and regulations, or to protect solvency of institutions. and Examine the minutes of meetings of directors, stockholders and committees to investigate the specific authority extended at various levels of management.

In addition, they 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.

Although specific duties may vary, many of them Review balance sheets, operating income and expense accounts, and loan documentation to confirm institution assets and liabilities.

To some Financial Examiners, it is also their responsibility to Review audit reports of internal and external auditors to monitor adequacy of scope of reports or to discover specific weaknesses in internal routines.

A typical week or month for them might include:

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.



Working life

Working hours

More than 40 hours per week

Working schedule

Regular (Set schedule and routine)


In a typical work week as A Financial Examiner, you can expect to work More than 40 hours per week.

Do Financial Examiners work in an office-style work environment?

Everyday
80%

Once a week
8%

Once a month
4%

Once a year
4%

Never
4%

Do Financial Examiners work in a warehouse-style work environment?

Everyday
0%

Once a week
4%

Once a month
0%

Once a year
20%

Never
76%

Do Financial Examiners work outdoors?

Everyday
0%

Once a week
0%

Once a month
4%

Once a year
0%

Never
96%



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.

You will like this career if you are someone who likes starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.

You also like following set procedures and routines. They like working with data and details more than with ideas.



How we can help

Start your journey to be A Financial Examiner

Get the best college for Financial Examiners


Discover the best colleges for your $$$


Find colleges have the highest earning grads


Yes, I'm sure


Rank: B
Salary: $71230

They analyze and manage risk management issues by identifying, measuring, and making decisions on operational or enterprise risks for an organization.
Rank: B+
Salary: $92250

They conduct quantitative analyses of information affecting investment programs of public or private institutions.
Rank: A
Salary: $118670

They plan, direct, or coordinate compensation and benefits activities of an organization.
Rank: A+
Salary: $130230

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.
Rank: B
Salary: $71230

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






Trusted by over 50,000 fans

[easy-followers title=”” nofollow=”1″ total_type=”text_before” columns=”2″ template=”tinycolor”]

Career type

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

Other Careers Like This


Help Others Out



Learn more about Financial Examiners

Summary
Job Description (You are here)
Salary
Requirements
Is This Right For Me

Study To Be A Financial Examiner


Related to Financial Examiners Job Description

Financial Examiners job description, what do Financial Examiners do, typical day for Financial Examiners, what is it like to work as a Financial Examiner, how many hours do Financial Examiners work, day to day work of a Financial Examiner

Additional resources

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

OwlGuru.com
OwlGuru.com is a career and college finder site. We help students to find a career and college that is right for them.
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

Leave a Reply

Your email address will not be published. Required fields are marked *