Bank Examiner Salary
Job Description for Bank Examiner
Bank examiners are a type of financial auditor that functions as part of a control system in the financial market. Their main responsibility is to ensure that banks and similar financial institutions are operating in a way that is appropriately ethical and legal at all times. They do this using a set of standards and rules set by the government and by their company. Daily duties and responsibilities include various forms of monitoring and assessing bank performance, which often includes going through records to ensure compliance, communicating with employees of all ranks about various protocol and procedural questions, and conducting physical inspections. Records may come either in physical form or electronic form, so basic computer skills are often required.Read More...
Many individuals in these positions work in teams, but some are more independent depending on the area and job specifics. These individuals may focus on a limited area or a large area requiring substantial travel. However, aside from traveling between institutions, the work is largely done in an indoor environment with minimal physical requirements.
Requirements for bank examiner jobs vary by position and company, but a bachelor's or master's degree in business, accounting, finance, or a related field is generally the minimum education required. Certifications such as a Certified Information Systems Auditor (CISA) or Certified Information Systems Security Professional (CISSP) designations are highly recommended. Work experience requirements usually start around three years in regulatory-related position, but some jobs have higher requirements based on pay or status.
Bank Examiner Tasks
- Audit financial institutions including payroll records, hiring practices, handling of client requests, and the amount of cash in facility.
- Prepare finding reports for managers, directors or board members.
- Offer improvements and recommendations to the bank.
- Inspect and evaluate records and reports to ensure compliance with regulations and laws and to determine the financial health and status of the bank.
Bank Examiner Job Listings
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Popular Employer Salaries for Bank Examiner
Well-known firms with a reputation for hiring numerous Bank Examiners include Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, National Credit Union Administration (NCUA), Federal Reserve Bank, and FDIC. Federal Reserve Bank of New York offers the largest salaries in town — $182K on average.
Popular Skills for Bank Examiner
Just a handful of professional skills are reported by Bank Examiners who took the survey. Most notably, skills in Risk Management / Risk Control, Banking, Regulatory Compliance, and Financial Analysis are correlated to pay that is above average. Those familiar with Financial Analysis also tend to know Regulatory Compliance and Banking.
Pay by Experience Level for Bank Examiner
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Bank Examiners with a rich background of experience are typically rewarded with larger paychecks. Respondents with less than five years' experience take home $58K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $83K. Professionals who spend a good 10 to 20 years in the workforce haul in an average of $102K. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $131K on average.
Pay Difference by Location
For Bank Examiners, busy Charlotte offers a higher-than-average pay rate, 75 percent above the national average. Bank Examiners can also look forward to large paychecks in cities like Atlanta (+67 percent), New York (+52 percent), Washington (+24 percent), and Los Angeles (+13 percent). Location significantly influences compensation, with Kansas City Bank Examiners earning much less — 32 percent less — than the national average. A couple other locations with smaller-than-average paychecks include Cleveland and Denver (26 percent lower).
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Key Stats for Bank Examiner
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