Financial examiners are responsible for ensuring compliance with laws governing financial institutions and transactions. Their job description typically includes reviewing balance sheets, evaluating risk levels, assessing the overall financial health of institutions, preparing reports, making recommendations for corrective actions, and conducting investigations to uncover potential fraud or other financial irregularities. They may specialize in areas such as risk assessment, consumer compliance, or mortgage lending.
This income data is sourced from the May 2023 Occupational Employment and Wage Statistics (OEWS) survey. The dataset is updated annually.
Annual Pay Distribution | Salary |
|---|---|
10th percentile | $55,400.00 |
25th percentile | $70,070.00 |
median (50th percentile) | $84,000.00 |
75th percentile | $112,800.00 |
90th percentile | $147,440.00 |
Hourly Pay Distribution | Hourly Rate |
|---|---|
10th percentile | $26.64 |
25th percentile | $33.69 |
median (50th percentile) | $40.38 |
75th percentile | $54.23 |
90th percentile | $70.89 |
Financial Examiners typically need a bachelor's degree in accounting, finance, economics, or a related field. While some entry-level positions may accept candidates with a high school diploma and relevant work experience, advancement and higher-level roles often necessitate a college degree. Additionally, many employers prefer candidates with certifications such as the Certified Public Accountant (CPA) credential or the Certified Fraud Examiner (CFE) designation. Training for Financial Examiners involves on-the-job learning combined with formal instruction in financial analysis, regulatory compliance, risk assessment, and investigative procedures. This training equips them with the necessary skills to assess financial institutions, ensure compliance with laws and regulations, detect fraud, and safeguard against risks within the financial sector.