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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.

Tasks
17 tasks16 core, 1 supplemental
Family
Business & FinancialOne of its 50 occupations
Code
13-2061.00SOC 2018: 13-2061

Read the 17 tasks Download this record as JSON

What the work is made of

16 core tasks and 1 supplemental, each quoted as published, with the survey it came from.

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Core: central to the jobSupplemental: done by some, not all

  1. Task 1. 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.Core taskTask 7324Rated by 23 occupational experts, August 2020
  2. Task 2. Recommend actions to ensure compliance with laws and regulations, or to protect solvency of institutions.Core taskTask 7317Rated by 23 occupational experts, August 2020
  3. Task 3. 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.Core taskTask 7319Rated by 23 occupational experts, August 2020
  4. Task 4. Resolve problems concerning the overall financial integrity of banking institutions including loan investment portfolios, capital, earnings, and specific or large troubled accounts.Core taskTask 7327Rated by 23 occupational experts, August 2020
  5. Task 5. Investigate activities of institutions to enforce laws and regulations and to ensure legality of transactions and operations or financial solvency.Core taskTask 7314Rated by 23 occupational experts, August 2020
  6. Task 6. Review balance sheets, operating income and expense accounts, and loan documentation to confirm institution assets and liabilities.Core taskTask 7320Rated by 23 occupational experts, August 2020
  7. Task 7. Plan, supervise, and review work of assigned subordinates.Core taskTask 7316Rated by 23 occupational experts, August 2020
  8. Task 8. Review audit reports of internal and external auditors to monitor adequacy of scope of reports or to discover specific weaknesses in internal routines.Core taskTask 7321Rated by 23 occupational experts, August 2020
  9. Task 9. Examine the minutes of meetings of directors, stockholders, and committees to investigate the specific authority extended at various levels of management.Core taskTask 7318Rated by 23 occupational experts, August 2020
  10. Task 10. Train other examiners in the financial examination process.Core taskTask 7322Rated by 23 occupational experts, August 2020
  11. Task 11. Establish guidelines for procedures and policies that comply with new and revised regulations and direct their implementation.Core taskTask 7323Rated by 23 occupational experts, August 2020
  12. Task 12. Review and analyze new, proposed, or revised laws, regulations, policies, and procedures to interpret their meaning and determine their impact.Core taskTask 7315Rated by 23 occupational experts, August 2020
  13. Task 13. Provide regulatory compliance training to employees.Core taskTask 20190Rated by 23 occupational experts, August 2020
  14. Task 14. Evaluate data processing applications for institutions under examination to develop recommendations for coordinating existing systems with examination procedures.Core taskTask 7328Rated by 23 occupational experts, August 2020
  15. Task 15. 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.Core taskTask 7326Rated by 23 occupational experts, August 2020
  16. Task 16. Verify and inspect cash reserves, assigned collateral, and bank-owned securities to check internal control procedures.Core taskTask 7325Rated by 23 occupational experts, August 2020
  17. Task 17. Confer with officials of real estate, securities, or financial institution industries to exchange views and discuss issues or pending cases.Supplemental taskTask 7329Rated by 23 occupational experts, August 2020

Where this comes from

Quoted from the U.S. Department of Labor, and credited. Nothing on this page is written by us.

How we copy and credit sources
  1. Published by
    O*NET 29.0, U.S. Department of LaborEmployment and Training Administration
  2. Classification
    Standard Occupational Classification 2018, 13-2061
  3. License
    CC BY 4.0Free to copy and reuse, with credit
  4. Changed by us
    Nothing.

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