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Financial Examiners

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.

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    Work Activities

    Work Activities

    • 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.
    • Resolve problems concerning the overall financial integrity of banking institutions including loan investment portfolios, capital, earnings, and specific or large troubled accounts.
    • Investigate activities of institutions to enforce laws and regulations and to ensure legality of transactions and operations or financial solvency.
    • Review balance sheets, operating income and expense accounts, and loan documentation to confirm institution assets and liabilities.
    • Plan, supervise, and review work of assigned subordinates.
    • Review audit reports of internal and external auditors to monitor adequacy of scope of reports or to discover specific weaknesses in internal routines.
    • Examine the minutes of meetings of directors, stockholders, and committees to investigate the specific authority extended at various levels of management.
    • Train other examiners in the financial examination process.
    • Establish guidelines for procedures and policies that comply with new and revised regulations and direct their implementation.
    • Review and analyze new, proposed, or revised laws, regulations, policies, and procedures to interpret their meaning and determine their impact.
    • Provide regulatory compliance training to employees.
    • Evaluate data processing applications for institutions under examination to develop recommendations for coordinating existing systems with examination procedures.
    • 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.
    • Verify and inspect cash reserves, assigned collateral, and bank-owned securities to check internal control procedures.
    • Confer with officials of real estate, securities, or financial institution industries to exchange views and discuss issues or pending cases.

    Skills

    • Critical Thinking

      Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

    • 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.

    WorkKeys®

    Applied Math
    5
    Workplace Documents
    5
    Graphic Literacy
    5

    Abilities

    • Written Comprehension

      The ability to read and understand information and ideas presented in writing.

    • Deductive Reasoning

      The ability to apply general rules to specific problems to produce answers that make sense.

    • Inductive Reasoning

      The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).

    Knowledge

    • English Language

      Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

    • Economics and Accounting

      Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.

    • Law and Government

      Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.

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    Pay

    • Ohio Annual Salary 70880/yr
    • Typical Salary
    • Ohio Hourly Wage 34.08/hr
    • Typical Hourly Wage

    Ohio Employment Trends

    • Currently Employed 2,660
    • Yearly Projected Openings 230

    Typical Education

    Personality

    Enterprising: People interested in this work like activities that include leading, making decisions, and business. They do well at jobs that need:
    • Analytical Thinking
    • Integrity
    • Attention to Detail
    • Cooperation
    • Dependability
    • Self Control

    Tools

    • Personal computers
    • Notebook computers
    • Desktop computers
    • Desktop calculator

    Technology

    • Project management software
    • Information retrieval or search software
    • Financial analysis software
    • Data base user interface and query software
    • Compliance software

    Tags

    • InDemand occupations are considered a priority by the state of Ohio.
    • Bright Outlook occupations will grow rapidly in the next few years, have a large number of openings, or are new and emerging careers.
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    Workforce Supply Tool

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