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Job 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.
Job Details
- The SOC (Standard Occupational Classification) code is 13-2061.00
- The Mean Annual Wage in the U.S. is $ 88,940.00
- The Mean Hourly Wage is $ 42.00
- Currently, there are 49,750 people on this job
☝️ Information based on the reference occupation “Financial Examiners”.
Also Known As…
- Financial Examiners
- Supervisory Examiner
- Senior Examiner
- Senior Capital Markets Specialist
- Home Mortgage Disclosure Act Specialist (HMDA Specialist)
- Examining Officer
- Credit Union Field Examiner
- Credit Union Examiner
- Community Reinvestment Act Officer (CRA Officer)
- Bank Secrecy Act Anti-Money Laundering Officer (BSA/AML Officer)
- Treasury Analyst
- Securities Compliance Examiner
- Regulatory Analyst
- Principal Examiner
- Pension Examiner
- Payroll Examiner
- Internal Auditor
- Financial Examiner
- Financial Compliance Examiner
- Director of Securities and Real Estate
- Compliance Vice President
- Compliance Specialist
- Compliance Officer
- Compliance Manager
- Compliance Director
- Compliance Analyst
- Chief Bank Examiner
- Bank Examiner
- Bank Compliance Officer
- Agent
Tasks for “Principal Examiner”
- Confer with officials of real estate, securities, or financial institution industries to exchange views and discuss issues or pending cases.
- Review audit reports of internal and external auditors to monitor adequacy of scope of reports or to discover specific weaknesses in internal routines.
- Establish guidelines for procedures and policies that comply with new and revised regulations and direct their implementation.
- Verify and inspect cash reserves, assigned collateral, and bank-owned securities to check internal control procedures.
- Evaluate data processing applications for institutions under examination to develop recommendations for coordinating existing systems with examination procedures.
- Plan, supervise, and review work of assigned subordinates.
- 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.
- Investigate activities of institutions to enforce laws and regulations and to ensure legality of transactions and operations or financial solvency.
- Review and analyze new, proposed, or revised laws, regulations, policies, and procedures to interpret their meaning and determine their impact.
- Recommend actions to ensure compliance with laws and regulations, or to protect solvency of institutions.
- 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.
- 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.
- Review balance sheets, operating income and expense accounts, and loan documentation to confirm institution assets and liabilities.
- Resolve problems concerning the overall financial integrity of banking institutions including loan investment portfolios, capital, earnings, and specific or large troubled accounts.
- 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.
- Provide regulatory compliance training to employees.
Related Technology & Tools
- Desktop computers
- 10-key calculators
- Notebook computers
- Personal computers
- Word processing software
- Microsoft Project
- ACL Analytics
- Presentation software
- Microsoft Office
- Microsoft Excel
- SAP
- Auditing software
- Oversight Insights On Demand
- Microsoft Word
- Investigation management software
- Microsoft SharePoint
- PricewaterhouseCoopers TeamMate
- Spreadsheet software
- Microsoft Access
- NILS INSource
- Structured query language SQL
- LexisNexis
- System for Electronic Rate and Form Filing SERFF
- Microsoft Visio
- ODEN Insurance Services State Rules & Regulations
- Financial transaction analysis software
- Financial compliance software
- Web browser software
- General Examination System GENESYS
- Westlaw
- Microsoft PowerPoint