Financial Examiners
13-2061.00
Bright Outlook Updated 2024

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.

Sample of reported job titles: Bank Examiner, Bank Secrecy Act Anti-Money Laundering Officer (BSA/AML Officer), Community Reinvestment Act Officer (CRA Officer), Compliance Analyst, Compliance Officer, Compliance Specialist, Credit Union Examiner, Credit Union Field Examiner, Examining Officer, Internal Auditor

Occupation-Specific Information

Tasks Save Table: XLSX CSV

ImportanceCategoryTask
93
 
Core
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.
91
 
Core
Recommend actions to ensure compliance with laws and regulations, or to protect solvency of institutions.
86
 
Core
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.
81
 
Core
Resolve problems concerning the overall financial integrity of banking institutions including loan investment portfolios, capital, earnings, and specific or large troubled accounts.
79
 
Core
Investigate activities of institutions to enforce laws and regulations and to ensure legality of transactions and operations or financial solvency.
78
 
Core
Review balance sheets, operating income and expense accounts, and loan documentation to confirm institution assets and liabilities.
78
 
Core
Plan, supervise, and review work of assigned subordinates.
76
 
Core
Review audit reports of internal and external auditors to monitor adequacy of scope of reports or to discover specific weaknesses in internal routines.
74
 
Core
Examine the minutes of meetings of directors, stockholders, and committees to investigate the specific authority extended at various levels of management.
71
 
Core
Train other examiners in the financial examination process.
70
 
Core
Establish guidelines for procedures and policies that comply with new and revised regulations and direct their implementation.
69
 
Core
Review and analyze new, proposed, or revised laws, regulations, policies, and procedures to interpret their meaning and determine their impact.
65
 
Core
Provide regulatory compliance training to employees.
63
 
Core
Evaluate data processing applications for institutions under examination to develop recommendations for coordinating existing systems with examination procedures.
63
 
Core
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.
56
 
Core
Verify and inspect cash reserves, assigned collateral, and bank-owned securities to check internal control procedures.
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Worker Requirements

Education

How much education does a new hire need to perform a job in this occupation? Respondents said:

  • 87%
     
    Bachelor’s degree required
  • 9%
     
    Post-baccalaureate certificate required
  • 4%
     
    Master’s degree required

Worker Characteristics

Interests Save Table: XLSX CSV

Occupational InterestInterest
86
 
Conventional — Work involves following procedures and regulations to organize information or data, typically in a business setting. Conventional occupations are often associated with office work, accounting, mathematics/statistics, information technology, finance, or human resources.
62
 
Enterprising — Work involves managing, negotiating, marketing, or selling, typically in a business setting, or leading or advising people in political and legal situations. Enterprising occupations are often associated with business initiatives, sales, marketing/advertising, finance, management/administration, professional advising, public speaking, politics, or law.

Workforce Characteristics

Wages & Employment Trends

Median wages (2022)
$39.52 hourly, $82,210 annual
State wages
Local wages
Employment (2022)
65,600 employees
Projected growth (2022-2032)
Much faster than average (9% or higher)
Projected job openings (2022-2032)
6,300
State trends
Top industries (2022)
Finance and Insurance (66% employed in this sector)

Source: Bureau of Labor Statistics 2022 wage data and 2022-2032 employment projections . “Projected growth” represents the estimated change in total employment over the projections period (2022-2032). “Projected job openings” represent openings due to growth and replacement.

Job Openings on the Web

State job openings
Local job openings