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Financial Examiner

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What Does it Take to Be a Financial Examiner?

Position 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.

Financial Examiner Responsibilities

  • Establish guidelines for procedures and policies that comply with new and revised regulations and direct their implementation.
  • 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.
  • Plan, supervise, and review work of assigned subordinates.
  • Recommend actions to ensure compliance with laws and regulations, or to protect solvency of institutions.
  • Review audit reports of internal and external auditors to monitor adequacy of scope of reports or to discover specific weaknesses in internal routines.
  • Train other examiners in the financial examination process.

Skills Needed to be a Financial Examiner

When polled, Financial Examiners say the following skills are most frequently used in their jobs:

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.

Active Learning: Understanding the implications of new information for both current and future problem-solving and decision-making.

Writing: Communicating effectively in writing as appropriate for the needs of the audience.

Speaking: Talking to others to convey information effectively.

  • Compliance Vice President
  • Director of Securities and Real Estate
  • Bank Examiner
  • Compliance Specialist
  • Compliance Manager

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.

Forecasted Number of Jobs for Financial Examiners in U.S.

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.

Financial Examiner Average Salary

The salary for Financial Examiners ranges between about $42,150 and $154,590 a year.

Salary Ranges for Financial Examiners

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 Visio
  • Microsoft SharePoint
  • Structured query language SQL
  • LexisNexis
  • Presentation software
  • Westlaw
  • Financial compliance software
  • Auditing software

How to Become a Financial Examiner

What kind of Financial Examiner requirements are there?

Financial Examiner Degree Level

What work experience do I need to become a Financial Examiner?

Financial Examiner Work Experience

Where Financial Examiners Are Employed

Financial Examiner Sectors

Financial Examiners work in the following industries:

Financial Examiner Industries

Other Jobs You May be Interested In

Those thinking about becoming a Financial Examiner might also be interested in the following careers:

Career changers with experience as a Financial Examiner sometimes find work in one of the following fields:

References:

Image Credit: Pixabay via CC0 License

More about our data sources and methodologies.

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