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Career Exploration

Financial Examiners

Also called: Bank Examiner, Compliance Officer, Credit Union Examiner, Examining Officer

What they do:

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.

On the job, you would:
  • 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.
On the job, you'll need:

Arts and Humanities

  • English language

Business

  • accounting and economics
  • management

Safety and Government

  • law and government

Math and Science

  • arithmetic, algebra, geometry, calculus, or statistics

Basic Skills

  • reading work related information
  • thinking about the pros and cons of different ways to solve a problem

Problem Solving

  • noticing a problem and figuring out the best way to solve it

People and Technology Systems

  • thinking about the pros and cons of different options and picking the best one
  • figuring out how a system should work and how changes in the future will affect it

Verbal

  • read and understand what is written
  • communicate by speaking

Ideas and Logic

  • make general rules or come up with answers from lots of detailed information
  • use rules to solve problems

Math

  • choose the right type of math to solve a problem
  • add, subtract, multiply, or divide

Visual Understanding

  • see hidden patterns

Conventional

People interested in this work like activities that include data, detail, and regular routines.

  • Analytical Thinking
  • Integrity
  • Attention to Detail
  • Cooperation
  • Dependability
  • Self Control

Data base user interface and query software

  • Microsoft Access
  • Structured query language SQL

Presentation software

  • Microsoft PowerPoint

Financial analysis software

  • General Examination System GENESYS
  • PricewaterhouseCoopers TeamMate

Video courtesy of CareerOneStop.

Job Outlook

The job outlook for this position is Bright.

New job opportunities are very likely in the future. This career will grow rapidly in the next few years.

Median Annual Salary: $82,210

Education

Bachelor's degree is usually needed.