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Financial Examiners Go Back to List
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.
 Tools & Technology
 Tools used in this occupation:
 
  • Notebook computers
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  • Desktop computers
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  • Personal computers
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  • Desktop calculator
  •  Technology used in this occupation:
     
  • Financial analysis software
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  • Compliance software
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  • Project management software
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  • Data base user interface and query software
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  • Information retrieval or search software
  •  Tasks
     
  • Investigate activities of institutions to enforce laws and regulations and to ensure legality of transactions and operations or financial solvency.
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  • Review and analyze new, proposed, or revised laws, regulations, policies, and procedures to interpret their meaning and determine their impact.
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  • Plan, supervise, and review work of assigned subordinates.
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  • Recommend actions to ensure compliance with laws and regulations, or to protect solvency of institutions.
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  • Examine the minutes of meetings of directors, stockholders and committees to investigate the specific authority extended at various levels of management.
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  • 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.
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  • Review balance sheets, operating income and expense accounts, and loan documentation to confirm institution assets and liabilities.
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  • Review audit reports of internal and external auditors to monitor adequacy of scope of reports or to discover specific weaknesses in internal routines.
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  • Train other examiners in the financial examination process.
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  • Establish guidelines for procedures and policies that comply with new and revised regulations and direct their implementation.
  •  Skills
     
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
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  • 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.
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  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
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  • Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.
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  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.
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  • Speaking - Talking to others to convey information effectively.
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  • Management of Personnel Resources - Motivating, developing, and directing people as they work, identifying the best people for the job.
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  • Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
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  • Systems Analysis - Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
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  • Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
  •  Knowledge
     
  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
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  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
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  • 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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  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
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  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
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  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
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  • Clerical - Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.
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  • Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
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  • Education and Training - Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
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  • Communications and Media - Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media.
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     Education & Training
      Education:   Most of these occupations require a four-year bachelor's degree, but some do not.
      Related Experience:   A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
      View Related Programs on Connecticut's Education & Training ConneCTion site.
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     Wage Information
     
    Region Average Entry Level  Mid-Range 
    Annual  Hourly 
    Statewide $102,083.00 $49.07  $31.61  $35.58 - $56.77 
    Bridgeport/Stamford $120,430.00 $57.90  $35.43  $39.14 - $72.66 
    Hartford $88,736.00 $42.66  $29.95  $33.47 - $50.17 
     Occupation Outlook ( 2014 - 2024 )
    Average Annual Job Openings:   18
      Employment in this occupation is expected to grow about as fast as average, and the number of annual openings will offer very good job opportunities.
    ONET Resource Center Some of the occupational information on this page is formulated from O*NETTM v17.0 data. O*NETTM is a trademark of the U.S. Department of Labor, Employment and Training Administration.
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