What does a financial examiner do?
Financial examiners working in consumer compliance monitor lending activity to ensure that borrowers are treated fairly. Financial examiners ensure compliance with laws that govern institutions handling monetary transactions. They review balance sheets, evaluate the risk level of loans, and assess bank management.
How do you become a certified bank examiner?
How to become a bank examiner
- Earn a degree in finance.
- Gain experience in the field.
- Earn a Certified Public Accountant (CPA) certificate.
- Pass a pre-employment bank examiner exam.
- Attend training programs.
- Continue learning.
What is the job outlook for financial examiners?
10% (2014)
Financial Examiners/Projected 10-year growth
What is the job of a bank examiner?
The main duties of a bank examiner are to ensure that a bank’s operations are legal and can provide financial stability. A bank examiner will also review financial statements, evaluate the level of risk associated with loans, and assess the management of a bank.
How much do bank examiners make at the FDIC?
How does the salary as a Bank Examiner at FDIC compare with the base salary range for this job? The average salary for a Bank Examiner is $91,335 per year in United States, which is 4% higher than the average FDIC salary of $87,276 per year for this job.
How many financial examiners are there in the US?
Examiners also ensure that banks do not discriminate against borrowers based on race, ethnicity, or other characteristics. Financial examiners typically work in offices. They frequently have to travel to inspect a bank onsite. Financial examiners held about 66,900 jobs in 2019.
What is the role of the bank examiner?
Their role is to ensure that banks and other financial institutions offer safe loans and that they have enough cash on hand to manage unexpected losses. These procedures help ensure that the financial system as a whole remains stable. These examiners also evaluate the performance of bank managers.
Is the job of a financial examiner in demand?
Financial examiners will be in demand as financial institutions seek help with federal regulatory compliance. Explore resources for employment and wages by state and area for financial examiners. Compare the job duties, education, job growth, and pay of financial examiners with similar occupations.
Is there a shortage of financial examiners in the US?
Employment of financial examiners in the federal government is projected to decline 4 percent from 2019 to 2029. About 4,900 openings for financial examiners are projected each year, on average, over the decade.