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Financial Examiners - 13-2061.00

O*NET-SOC 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.

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

SOC Occupation Groups

13-0000	Business and Financial Operations Occupations
13-2000	Financial Specialists
13-2060	Financial Examiners
13-2061.00	Financial Examiners

Related Occupations

11-3031.00	Financial Managers Bright Outlook
11-3031.01	Treasurers and Controllers
11-9199.02	Compliance Managers
13-2011.00	Accountants and Auditors
13-2041.00	Credit Analysts
13-2051.00	Financial and Investment Analysts
13-2054.00	Financial Risk Specialists
13-2072.00	Loan Officers
13-2099.04	Fraud Examiners, Investigators and Analysts
43-4041.00	Credit Authorizers, Checkers, and Clerks

Tasks

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

Detailed Work Activities

Advise others on legal or regulatory compliance matters.
Confer with others about financial matters.
Coordinate with external parties to exchange information.
Establish organizational guidelines or policies.
Evaluate applicable laws and regulations to determine impact on organizational activities.
Examine financial records or processes.
Examine financial records.
Implement financial decisions.
Monitor financial indicators.
Monitor organizational processes.
Prepare operational reports.
Review license or permit applications.
Supervise employees.
Train personnel in organizational or compliance procedures.
Train personnel to enhance job skills.
Verify accuracy of financial information.