Do bank examiners travel a lot?
A typical week will start traveling to a job site, some of which may require significant travel time by car or plane. Bank examiners will be assigned various roles and responsibilities that change from assignment to assignment.
Is it a good job as a bank examiner?
“In fact, being an examiner is a great foundation for anyone in the financial industry, with a solid financial foundation, myriad knowledge, and exposure to best practices and financial analysis,” says Kris VanBeek, senior vice president information systems at Digital. Federal Credit Union (DCU), and a former…
How Much Do FDIC Bank Examiners Earn?
How does an FDIC bank examiner’s salary compare to the base salary range for this job? The average salary for a bank examiner is $90,397 per year in the United States, which is 6% higher than the average FDIC salary of $85,229 per year for this job.
What do field examiners do?
They use a risk-based review approach to assess a bank’s condition and identify potential issues. While some experienced examiners become specialists, many field examiners are generalists who focus on the overall safety and soundness of the banks they examine.
How do bank examiners examine a bank?
The bank review process may include inspection of the bank’s facility and records, as well as investigative interviews with management. Bank examiners typically work onsite, visiting various institutions and branches as per schedule or demand, although some work can also be done through remote access.
What does an FDIC bank examiner do?
FDIC bank examiners ensure that FDIC-insured banks follow safe and sound banking practices, operate their institutions effectively, and comply with laws and regulations. This work is essential to the FDIC’s mission to maintain stability and confidence in the nation’s financial system.
What does a trusted agent do?
The Trust Officer is responsible for the development, implementation and administration of all aspects of the Bank’s Trust department. This position plans, organizes and controls the day-to-day administrative and operational compliance activities of the Bank; collaborates with the President in the general administration of the Bank.
What do you need to know about a bank examiner?
The bank examiner should be familiar with financial and accounting principles (especially forensic accounting), as well as relevant banking procedures and protocols. In some cases, an examiner will have worked in bank management positions in the past. In the United States, it is a crime to obstruct a federal banking examination.
How is the frequency of bank examiners determined?
Bank examiners typically work onsite, visiting various institutions and branches as per schedule or demand, although some work can also be done through remote access. The frequency of reviews is determined by law and the risk level of the institution.
Is it a crime to obstruct a bank examination?
In the United States, it is a crime to obstruct a federal banking examination. Bank examiners report their findings to their employing agency, and usually to the board of directors and senior management of the institution being examined.
What was the role of the bank examiner in the age of regulation?
State banking authorities shared oversight responsibilities with the Federal Reserve and the FDIC over state-chartered banks, while the OCC assumed sole oversight of nationally-chartered banks. The ranks of bank examiners rose significantly during this period, often referred to as the era of regulation.