What Is a Financial Examiner and How to Become One
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What Is a Financial Examiner?
A financial examiner is a person who monitors the regulatory compliance of banks and other financial institutions. As a financial examiner, your duties are to analyze balance sheets and the information of borrowers, assess loans and the risk the bank has taken on, and ensure that they follow all regulatory and legal frameworks. From your research, you prepare reports about the health of the institution and come up with new guidelines and policies when banks fail to meet regulations or when the laws change.
How to Become a Financial Examiner
The qualifications needed for a career as a financial examiner begin with a bachelor’s degree in accounting, finance, economics, or statistics. Complete an internship with a financial institution to gain early experience and improve your job opportunities. When you secure an entry-level position, you usually work with a more senior examiner to hone your skills. A Certified Public Accountant certification can help you move up in the field.
