CareerGPS

Financial Examiners
Summary Occupational Forecast Data for Financial Examiners
Employment Employment Change Average Annual Job Openings Wage & Training Levels
2018 2023 Numerical Percent New Jobs Replacement Jobs Total Median Hourly Median Annual Training Levels
61 72 11 18.22% 2 5 7 $40.77 $84,809 Bachelor's degree
Description: Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify correctness of, or establish authenticity of records.
Staffing Pattern Data Forecast Data Source: EMSI (2nd Quarter 2018)

Occupation Details

The information in this section represents occupational characteristics included in O*NET which defines key features of an occupation as a standardized, measurable set of variables called "descriptors". These distinguishing characteristics of an occupation are described in greater detail in the O*NET Content Model. All items are listed in descending order of importance.

  • 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.

Knowledge

81%
English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
75%
Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
75%
Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
65%
Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
62%
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.
61%
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.
59%
Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
50%
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.

Skills

78%
Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
78%
Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
75%
Speaking - Talking to others to convey information effectively.
72%
Writing - Communicating effectively in writing as appropriate for the needs of the audience.
72%
Time Management - Managing one's own time and the time of others.
72%
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.
72%
Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.
72%
Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
72%
Instructing - Teaching others how to do something.
69%
Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
69%
Coordination - Adjusting actions in relation to others' actions.
69%
Management of Personnel Resources - Motivating, developing, and directing people as they work, identifying the best people for the job.
65%
Mathematics - Using mathematics to solve problems.
65%
Systems Analysis - Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
65%
Learning Strategies - Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.
65%
Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
65%
Social Perceptiveness - Being aware of others' reactions and understanding why they react as they do.
60%
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.
60%
Negotiation - Bringing others together and trying to reconcile differences.
56%
Service Orientation - Actively looking for ways to help people.
56%
Persuasion - Persuading others to change their minds or behavior.

Abilities

81%
Written Comprehension - The ability to read and understand information and ideas presented in writing.
81%
Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.
81%
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.
78%
Inductive Reasoning - The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
75%
Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
75%
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).
75%
Near Vision - The ability to see details at close range (within a few feet of the observer).
75%
Speech Recognition - The ability to identify and understand the speech of another person.
75%
Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
69%
Speech Clarity - The ability to speak clearly so others can understand you.
69%
Written Expression - The ability to communicate information and ideas in writing so others will understand.
66%
Category Flexibility - The ability to generate or use different sets of rules for combining or grouping things in different ways.
62%
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.
62%
Number Facility - The ability to add, subtract, multiply, or divide quickly and correctly.
62%
Mathematical Reasoning - The ability to choose the right mathematical methods or formulas to solve a problem.
60%
Speed of Closure - The ability to quickly make sense of, combine, and organize information into meaningful patterns.
60%
Selective Attention - The ability to concentrate on a task over a period of time without being distracted.
60%
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).
60%
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 compa
56%
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.

Work Activities

100%
Evaluating Information to Determine Compliance with Standards - Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
99%
Getting Information - Observing, receiving, and otherwise obtaining information from all relevant sources.
95%
Interacting With Computers - Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
94%
Analyzing Data or Information - Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
94%
Organizing, Planning, and Prioritizing Work - Developing specific goals and plans to prioritize, organize, and accomplish your work.
94%
Training and Teaching Others - Identifying the educational needs of others, developing formal educational or training programs or classes, and teaching or instructing others.
88%
Guiding, Directing, and Motivating Subordinates - Providing guidance and direction to subordinates, including setting performance standards and monitoring performance.
88%
Processing Information - Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
87%
Communicating with Supervisors, Peers, or Subordinates - Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
85%
Establishing and Maintaining Interpersonal Relationships - Developing constructive and cooperative working relationships with others, and maintaining them over time.
85%
Documenting/Recording Information - Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
84%
Updating and Using Relevant Knowledge - Keeping up-to-date technically and applying new knowledge to your job.
84%
Making Decisions and Solving Problems - Analyzing information and evaluating results to choose the best solution and solve problems.
81%
Thinking Creatively - Developing, designing, or creating new applications, ideas, relationships, systems, or products, including artistic contributions.
79%
Coaching and Developing Others - Identifying the developmental needs of others and coaching, mentoring, or otherwise helping others to improve their knowledge or skills.
78%
Scheduling Work and Activities - Scheduling events, programs, and activities, as well as the work of others.
78%
Coordinating the Work and Activities of Others - Getting members of a group to work together to accomplish tasks.
78%
Resolving Conflicts and Negotiating with Others - Handling complaints, settling disputes, and resolving grievances and conflicts, or otherwise negotiating with others.
77%
Monitor Processes, Materials, or Surroundings - Monitoring and reviewing information from materials, events, or the environment, to detect or assess problems.
77%
Identifying Objects, Actions, and Events - Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.
75%
Interpreting the Meaning of Information for Others - Translating or explaining what information means and how it can be used.
71%
Communicating with Persons Outside Organization - Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.
70%
Developing Objectives and Strategies - Establishing long-range objectives and specifying the strategies and actions to achieve them.
69%
Developing and Building Teams - Encouraging and building mutual trust, respect, and cooperation among team members.
63%
Provide Consultation and Advice to Others - Providing guidance and expert advice to management or other groups on technical, systems-, or process-related topics.
62%
Selling or Influencing Others - Convincing others to buy merchandise/goods or to otherwise change their minds or actions.
62%
Performing Administrative Activities - Performing day-to-day administrative tasks such as maintaining information files and processing paperwork.
52%
Staffing Organizational Units - Recruiting, interviewing, selecting, hiring, and promoting employees in an organization.
51%
Judging the Qualities of Things, Services, or People - Assessing the value, importance, or quality of things or people.
Title Job Zone Four: Considerable Preparation Needed
Overall 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.
Job Training Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
Job Zone Examples Many of these occupations involve coordinating, supervising, managing, or training others. Examples include accountants, sales managers, database administrators, teachers, chemists, environmental engineers, criminal investigators, and special agents.
Education Most of these occupations require a four-year bachelor's degree, but some do not.

Interests

Enterprising - Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.
Conventional - Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
Investigative - Investigative occupations frequently involve working with ideas, and require an extensive amount of thinking. These occupations can involve searching for facts and figuring out problems mentally.

Work Styles

Integrity - Job requires being honest and ethical.
Attention to Detail - Job requires being careful about detail and thorough in completing work tasks.
Analytical Thinking - Job requires analyzing information and using logic to address work-related issues and problems.
Cooperation - Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude.
Dependability - Job requires being reliable, responsible, and dependable, and fulfilling obligations.
Achievement/Effort - Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks.
Adaptability/Flexibility - Job requires being open to change (positive or negative) and to considerable variety in the workplace.
Independence - Job requires developing one's own ways of doing things, guiding oneself with little or no supervision, and depending on oneself to get things done.
Persistence - Job requires persistence in the face of obstacles.
Initiative - Job requires a willingness to take on responsibilities and challenges.
Stress Tolerance - Job requires accepting criticism and dealing calmly and effectively with high stress situations.
Concern for Others - Job requires being sensitive to others' needs and feelings and being understanding and helpful on the job.

Work Values

Independence - Occupations that satisfy this work value allow employees to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy.
Relationships - Occupations that satisfy this work value allow employees to provide service to others and work with co-workers in a friendly non-competitive environment. Corresponding needs are Co-workers, Moral Values and Social Service.