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Bank Examiner


Bank examiners is public officials appointed under U.S. state or federal laws to inspect and audit the operations and accounts of banks in the examiner's jurisdiction. . Examiners arrange audits to protect the institutions shareholders and the interests of depositors. Therefore, they are external auditors specifically employed by banks for performing audits in various companies and organizations. They conduct a recommendation for acceptance or rejection of applications for mergers & acquisitions, and certify for the viability of chartering new institutions.

Bank examiners are qualified professionals to audit accounts, issue financial reports or to conduct a financial audit of an entire department or organization. They check out the accuracy of a company's financial records while checking for fraud, mismanagement and waste. More specifically, they investigate and evaluate an organization's finances, information systems, management procedures and internal controls in order to ensure that all records are accurate and protected against fraud.

Nowadays, financial institutions need to add extra security within their organizations due to increased computer hacking, virus and worm spreading and internal fraud. Bank examiners try not to play the threatening role of police officer or watch dog, however due to the reality that criminal practices occur within companies, examiners play an important evaluative role within most organizations. Bank examiners work under the guidance of controls which refer to ethical values, consistency in meeting goals and performance measures, to name a few.

Bank examiners are equipped with a high level of integrity and commitment. Their goal is to help a financial institution function to the best of its ability, while constantly inspecting for signs of trouble and glitches. Constant improvements are made, while the examiner problem settles for optimal solutions to any company problems. Bank examiners are, to a large extent, important to an organization's success in today's fast-paced business world. They are conducive to prevent future catastrophes which result in both saving time and money.

Interests and Skills

Bank examiners conduct an agreement with a professional code of ethics and must therefore work with a high level of ethical standards, use sound judgment, strong initiative, have the ability to have analyzing and creative thinkings and be outstanding communicators who listen attentively, speak effectively and write clearly. Successful examiners are methodical and persistent, enjoy finding innovative solutions to problems and can direct and advise others.

Typical Tasks

Researching and gathering information about bank policies and practices

Identifying risks to efficiency, economy, effectiveness and corporate values

Determining factors affecting bank and company performance and report and effectively monitor those factors

Examining whether employees understand the objectives of their organization

Conducting "pre-implementation" audits to determine if systems and programs under development will work as planned

Ensuring appropriate controls are in place to minimize risks

Closely examining each department's financial records and statements

Identifying high-risk areas in an organization and research solutions to prevent future problems

Bank examiners usually have standard office hours, however longer hours may be required during specific peak seasons and in order to meet specific deadlines. To perform detailed audits, bank examiners must travel to the locations of the offices or branches being audited. This travel may include traveling across the city or even across the country, depending on the organization. Otherwise, the rest of the work is usually computer, desk work and reporting findings to management professionals.

Workplaces, Employers and Industries

Bank examiners are usually employed in the private sector with banks or other financial institutions. Due to the nature of the profession, bank examiners are sometimes set up in temporary offices within an organization and perform contract work.

Educational Paths

Most bank examiners are accountants, therefore the qualifications are a university degree along with certification of a designated, certified accountant: CA, CGA or CMA. Examiners are from diverse backgrounds including business, information systems, engineering and economics, however, they must require an academic background that directly associates the banking and financial industry. The position of bank examiner is closely associated an auditor in terms of the duties and functions performed daily. Therefore some bank examiners may get certified as auditors, if required by the financial institution.

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