What Does it Take to Be a Financial Examiner?
Occupation Description 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.
Life As a Financial Examiner
- Recommend actions to ensure compliance with laws and regulations, or to protect solvency of institutions.
- 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.
- 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.
- Provide regulatory compliance training to employees.
- Investigate activities of institutions to enforce laws and regulations and to ensure legality of transactions and operations or financial solvency.
- 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.
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What Every Financial Examiner Should Know
These are the skills Financial Examiners say are the most useful in their careers:
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.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Writing: Communicating effectively in writing as appropriate for the needs of the audience.
Speaking: Talking to others to convey information effectively.
Active Learning: Understanding the implications of new information for both current and future problem-solving and decision-making.
Other Financial Examiner Job Titles
- Compliance Vice President
- Compliance Director
- Pension Examiner
- Bank Examiner
- Treasury Analyst
Is There Job Demand for Financial Examiners?
There were about 52,500 jobs for Financial Examiner in 2016 (in the United States). New jobs are being produced at a rate of 9.7% which is above the national average. The Bureau of Labor Statistics predicts 5,100 new jobs for Financial Examiner by 2026. There will be an estimated 4,600 positions for Financial Examiner per year.
The states with the most job growth for Financial Examiner are Arizona, Florida, and Idaho. Watch out if you plan on working in Wyoming, Mississippi, or Maryland. These states have the worst job growth for this type of profession.
Salary for a Financial Examiner
Financial Examiners make between $42,150 and $154,590 a year.
Financial Examiners who work in District of Columbia, Connecticut, or New York, make the highest salaries.
How much do Financial Examiners make in each U.S. state?
| State | Annual Mean Salary |
|---|---|
| Alabama | $59,910 |
| Alaska | $71,830 |
| Arizona | $61,710 |
| Arkansas | $70,640 |
| California | $108,740 |
| Colorado | $82,380 |
| Connecticut | $108,520 |
| Delaware | $85,610 |
| District of Columbia | $157,860 |
| Florida | $85,580 |
| Georgia | $106,870 |
| Hawaii | $64,380 |
| Idaho | $74,390 |
| Illinois | $102,690 |
| Indiana | $74,140 |
| Iowa | $65,410 |
| Kansas | $74,360 |
| Kentucky | $64,400 |
| Louisiana | $100,420 |
| Maine | $66,720 |
| Maryland | $77,440 |
| Massachusetts | $107,840 |
| Michigan | $81,270 |
| Minnesota | $91,530 |
| Mississippi | $81,800 |
| Missouri | $73,870 |
| Montana | $70,180 |
| Nebraska | $71,790 |
| Nevada | $67,820 |
| New Hampshire | $91,330 |
| New Jersey | $109,100 |
| New Mexico | $84,370 |
| New York | $115,980 |
| North Carolina | $71,310 |
| North Dakota | $75,770 |
| Ohio | $78,540 |
| Oklahoma | $70,250 |
| Oregon | $67,980 |
| Pennsylvania | $91,850 |
| Rhode Island | $89,470 |
| South Carolina | $65,720 |
| South Dakota | $86,920 |
| Tennessee | $83,170 |
| Texas | $84,350 |
| Utah | $71,220 |
| Vermont | $76,670 |
| Virginia | $80,700 |
| Washington | $95,910 |
| West Virginia | $68,940 |
| Wisconsin | $76,680 |
What Tools & Technology do Financial Examiners Use?
Below is a list of the types of tools and technologies that Financial Examiners may use on a daily basis:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Outlook
- Web browser software
- Microsoft Access
- Word processing software
- SAP
- Microsoft Windows
- Microsoft Project
- Spreadsheet software
- Microsoft SharePoint
- Microsoft Visio
- Structured query language SQL
- LexisNexis
- Presentation software
- Westlaw
- Auditing software
- PricewaterhouseCoopers TeamMate
Becoming a Financial Examiner
What education or degrees do I need to become a Financial Examiner?
How many years of work experience do I need?
Financial Examiners Sector
The table below shows some of the most common industries where those employed in this career field work.
Other Jobs You May be Interested In
Those interested in being a Financial Examiner may also be interested in:
- Administrative Law Judges, Adjudicators, and Hearing Officers
- Claims Examiners, Property and Casualty Insurance
Are you already one of the many Financial Examiner in the United States? If you’re thinking about changing careers, these fields are worth exploring:
References:
Image Credit: Pixabay via CC0 License
More about our data sources and methodologies.
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