CompGeo Salary Survey Benchmark Job Summary and Competencies

Financial Examiners

The Benchmark Job Description below represents the specific Position Characteristics of the job used in the Salary Survey. Benchmark Job Descriptions should be inspected carefully to review the degree of matching between an organizations' Job and the Salary Survey Benchmark. Matching internal Jobs to Salary Survey Benchmark Jobs should not be done on Job Title alone. A thorough comparison of Salary Survey Benchmark to Internal Job Descriptions is recommended. A good overlap should exist on any comparisons used on critical Job Dimensions and Competencies.
 
CompGeo Occupation Group: Finance
Job Family: Financial Analysis
Benchmark Title: Financial Examiners
 
Summary Job Description Tasks
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. 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.
 
Plan, supervise, and review work of assigned subordinates.
 
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.
 
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.
 
Review audit reports of internal and external auditors to monitor adequacy of scope of reports or to discover specific weaknesses in internal routines.
 
Train other examiners in the financial examination process.
 
Establish guidelines for procedures and policies that comply with new and revised regulations and direct their implementation.
 
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.
 
Verify and inspect cash reserves, assigned collateral, and bank-owned securities to check internal control procedures.
 
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.
 
Resolve problems concerning the overall financial integrity of banking institutions including loan investment portfolios, capital, earnings, and specific or large troubled accounts.
 
Evaluate data processing applications for institutions under examination to develop recommendations for coordinating existing systems with examination procedures.
 
Confer with officials of real estate, securities, or financial institution industries to exchange views and discuss issues or pending cases.
 
 
CompGeo Occupation Group: Finance
Job Family: Financial Analysis
Benchmark Title: Financial Examiners
 
Important Knowledge Competencies Competency Description
English Language Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
 
Economics and Accounting Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
 
Law and Government Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
 
Mathematics Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
 
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.
 
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.
 
Computers and Electronics Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
 
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.
 
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.
 
 
CompGeo Occupation Group: Finance
Job Family: Financial Analysis
Benchmark Title: Financial Examiners
 
Important Skill Competencies Competency Description
Reading Comprehension Understanding written sentences and paragraphs in work related documents.
 
Critical Thinking Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
 
Speaking Talking to others to convey information effectively.
 
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.
 
Writing Communicating effectively in writing as appropriate for the needs of the audience.
 
Active Learning Understanding the implications of new information for both current and future problem-solving and decision-making.
 
Instructing Teaching others how to do something.
 
Judgment and Decision Making Considering the relative costs and benefits of potential actions to choose the most appropriate one.
 
Time Management Managing one's own time and the time of others.
 
Coordination Adjusting actions in relation to others' actions.
 
Complex Problem Solving Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
 
Management of Personnel Resources Motivating, developing, and directing people as they work, identifying the best people for the job.
 
Mathematics Using mathematics to solve problems.
 
Learning Strategies Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.
 
Monitoring Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
 
Social Perceptiveness Being aware of others' reactions and understanding why they react as they do.
 
Systems Analysis Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
 
Negotiation Bringing others together and trying to reconcile differences.
 
Systems Evaluation Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.
 
Persuasion Persuading others to change their minds or behavior.
 
Service Orientation Actively looking for ways to help people.
 
Operations Analysis Analyzing needs and product requirements to create a design.
 
 
CompGeo Occupation Group: Finance
Job Family: Financial Analysis
Benchmark Title: Financial Examiners
 
Important Ability Competencies Competency Description
Written Comprehension The ability to read and understand information and ideas presented in writing.
 
Problem Sensitivity The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
 
Deductive Reasoning The ability to apply general rules to specific problems to produce answers that make sense.
 
Inductive Reasoning The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
 
Oral Comprehension The ability to listen to and understand information and ideas presented through spoken words and sentences.
 
Oral Expression The ability to communicate information and ideas in speaking so others will understand.
 
Information Ordering The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
 
Near Vision The ability to see details at close range (within a few feet of the observer).
 
Speech Recognition The ability to identify and understand the speech of another person.
 
Written Expression The ability to communicate information and ideas in writing so others will understand.
 
Speech Clarity The ability to speak clearly so others can understand you.
 
Category Flexibility The ability to generate or use different sets of rules for combining or grouping things in different ways.
 
Originality The ability to come up with unusual or clever ideas about a given topic or situation, or to develop creative ways to solve a problem.
 
Mathematical Reasoning The ability to choose the right mathematical methods or formulas to solve a problem.
 
Number Facility The ability to add, subtract, multiply, or divide quickly and correctly.
 
Fluency of Ideas The ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity).
 
Speed of Closure The ability to quickly make sense of, combine, and organize information into meaningful patterns.
 
Perceptual Speed The ability to quickly and accurately compare similarities and differences among sets of letters, numbers, objects, pictures, or patterns. The things to be compared may be presented at the same time or one after the other. This ability also includes comparing a presented object with a remembered object.
 
Selective Attention The ability to concentrate on a task over a period of time without being distracted.
 
Flexibility of Closure The ability to identify or detect a known pattern (a figure, object, word, or sound) that is hidden in other distracting material.
 
Memorization The ability to remember information such as words, numbers, pictures, and procedures.
 
Finger Dexterity The ability to make precisely coordinated movements of the fingers of one or both hands to grasp, manipulate, or assemble very small objects.
 
Far Vision The ability to see details at a distance.
 
 
CompGeo Occupation Group: Finance
Job Family: Financial Analysis
Benchmark Title: Financial Examiners
 
Tools/Technology Example Product Category
ACL Business Assurance Analytics software Financial analysis software
 
Auditing software Financial analysis software
 
Financial compliance software Compliance software
 
Financial transaction analysis software Financial analysis software
 
General Examination System GENESYS Financial analysis software
 
Investigation management software Project management software
 
LexisNexis software Information retrieval or search software
 
Microsoft Access Data base user interface and query software
 
Microsoft Excel Spreadsheet software
 
Microsoft Project Project management software
 
Microsoft Word Word processing software
 
NILS INSource Compliance software
 
ODEN Insurance Services State Rules & Regulations Compliance software
 
Oversight Systems software Compliance software
 
Presentation software Presentation software
 
PricewaterhouseCoopers TeamMate Financial analysis software
 
SAP software Enterprise resource planning ERP software
 
Spreadsheet software Spreadsheet software
 
System for Electronic Rate and Form Filing SERFF Compliance software
 
Web browser software Internet browser software
 
Westlaw Information retrieval or search software
 
Word processing software Word processing software
 
Adding machines Adding machines
 
Desktop computers Desktop computers
 
Notebook computers Notebook computers
 
Personal computers Personal computers
 
 
CompGeo Occupation Group: Finance
Job Family: Financial Analysis
Benchmark Title: Financial Examiners
 
Prerequisite Qualification Category Education and Experience Level
Required Level of Education Bachelor's Degree
 
Related Work Experience Over 2 years, up to and including 4 years
 
 
CompGeo Occupation Group: Finance
Job Family: Financial Analysis
Benchmark Title: Financial Examiners
 
Alternate Job Title(s)
Accountant
Agent
Auditor
Bank Compliance Officer
Bank Examiner
Bank Secrecy Act-Anti-Money Laundering Officer (BSA/AML Officer)
Chief Bank Examiner
Community Reinvestment Act Officer (CRA Officer)
Compliance Analyst
Compliance Coordinator
Compliance Director
Compliance Manager
Compliance Officer
Compliance Specialist
Compliance Vice President
Controller
Director of Securities and Real Estate
Examiner
Finance Director
Financial Analyst
Financial Compliance Examiner
Home Mortgage Disclosure Act Specialist (HMDA Specialist)
Internal Auditor
Payroll Examiner
Pension Examiner
Regulatory Analyst
Risk Manager
Treasury Analyst
 
CompGeo Occupation Group: Finance
Job Family: Financial Analysis
Benchmark Title: Financial Examiners
 
 
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