New Career Bootcamp

The Cure for Career Confusion

Bank Examiner | Financial Examiner

Here are sample job advertisements for these types of roles…

Examiner, Intermediate or Senior

The Supervision, Regulation and Credit Department (SRC) has openings for Financial Institution Examiners on the Community and Regional supervision program team, responsible for ensuring the safety and soundness of commercial banks and financial institution holding companies located in the 5th District. In the role, an examiner will be offered diverse and challenging assignments while operating as part of a team of risk specialists focused on one or more risk areas, an opportunity to enhance or develop analytical, critical thinking and leadership skills. Might also include performing firm-specific and market analysis, and creating regular reporting processes to be used by the team. Progresses toward commissioning status as Examiner. Examiners report to a Senior Manager and can be located in Richmond, VA, Baltimore, MD or Charlotte, NC.
Qualified candidates typically have experience with evaluating and/or assessment of capital markets, market and liquidity risk management, credit risk, operational risk, accounting/audit, compliance with BSA/AML requirements, information technology, and bank holding companies.Essential Job Responsibilities include but are not limited to the following:
  • Contributes to policy and practice development by researching, identifying, and surfacing risk issues, including horizontal assessment of risk management practices, applies and transfers knowledge
  • May mentor team members, provide development opportunities and training to staff members, acclimate new hires
  • Contributes to and periodically leads System and Department workgroups, proactively initiates change by seeking opportunities to participate in and lead priority projects
  • Communicates regularly with supervised institutions and regulatory agencies, briefs Reserve Bank executive management on appropriate issues
  • Plans, executes, leads, and communicates findings for full-scope and targeted examinations of financial institutions
  • Prepares supervisory products such as risk assessments, supervisory plan, RFI rating, participates in vetting/review of similar products with senior staff in area of specialty
  • Influences management actions through effective negotiation and conflict resolution to achieve supervisory goals, communicates findings and examination ratings to supervised institutions and Reserve Bank management
  • Additionally and at the Examiner – Senior level:
    • Develops and maintains relationships with Board, State banking departments, regulators, and peers System-wide, participates in outreach activities
    • Performs as a thought leader, providing expertise to appropriate internal and external stakeholders
  • Approximately travel of 50%
***The Examiner – Intermediate hiring range is $77,900 – $97,400, annually.
***The Examiner – Senior hiring range is $102,200 – $127,800, annually.
***The deadline for applying is July 5, 2018.
***Job title and salary offered will be based on job responsibilities and individual’s knowledge, skills and experience as defined in the job qualifications/experience.
Qualifications/Experience:
  • Commissioned examiner credentials or commensurate industry experience
  • 3 to 5+ years (5 to 9+ years at the Examiner – Senior level) of bank regulatory or equivalent work experience
  • Bachelor’s degree required with preferred emphasis in Finance, Economics, Business, Accounting or related field
Knowledge and Skills:
  • Completes examination assignments independently
  • Handles multiple assignments, prioritizing effectively and delegating responsibility as appropriate to meet goals
  • Demonstrates ability to assimilate, synthesize, and interpret moderately complex data, concepts, and processes (often from prior assignments), putting them in relevant context, and formulating understanding of more complex concepts and processes
  • Thorough familiarity with methods and principles of process improvement
  • Acute critical thinking demonstrated by sound reasoning supported by facts and informed by broad themes or issues
  • Articulates a range of moderately complex issues clearly and persuasively with sophisticated supervisory nuance as appropriate to audience
  • Analyzes, interprets, and understands moderately complex banking and finance issues, concepts, trends and regulatory issues while considering broader implications, providing insight to industry practice and emerging risk
  • Ability to provide leadership to examination team members, including training, coaching, and mentoring, negotiates moderately complex and sensitive issues to skillfully manage relationships with colleagues and key stakeholders
Special Considerations:
  • An applicant posting for employment as a Federal Reserve examiner/analyst must be a U.S. citizen or hold a permanent residence visa/Green Card and be an intending citizen.
  • Under conflict of interest guidelines administered by the Board of Governors of the Federal Reserve System, examining personnel may not participate on an examination of a financial institution or affiliate if the examiner was employed by the financial institution or affiliate within the past 12 months.
Please review the FRB Employee Code of Conduct to ensure there are no major issues related to your previous employment and current financial interests. (The Code is available on the About Us, Careers webpage at www.richmondfed.org.; the relevant sections are 5.3 and Appendix B, Parts I, II and III).
FRB ethics rules generally prohibit employees and their immediate families from owning investments in banks, savings associations or their holding companies (Section 5.3). Additionally, employees engaged in Supervision and Regulation may be subject to borrowing and deposit restrictions. These employees may need to recuse themselves from certain supervisory work based on:
  • their borrowing relationships (Appendix B Parts I.1, II.1 and II.2),
  • if a financial institution employs a member of the employee’s immediate family (i.e. spouse, child, parent, or sibling) (Appendix B Part I.3 and Part II.3),
  • if the individual was employed by the financial institution or affiliate within the past 12 months (Appendix B Part I.3 and II.3).
In certain cases, the recusal may be so extensive it could materially reduce the effectiveness of the prospective employee.
This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change (e.g. emergencies, rush jobs, change in workload or technological developments)
The Opportunity:
  • Performs field examinations of clients and prospective clients to provide the Bank with a first level of risk management by determining collateral adequacy, identifying operational issues and making recommendations to improve the Bank’s collateral position.
  • Works closely with Credit Quality Assurance and other Credit areas.
Nature and Scope:
  • Works both independently and in teams to improve credit quality and identify risks.
  • Collaborates with Relationship Managers, Special Assets, Credit Quality, Assurance, Collateral Control and other Credit areas to help the Bank make informed credit decisions.
  • Completion of Field Exams within 3 to 5 days in the field as completion of field exams may be time-sensitive.
Position Responsibilities:
  • Conduct on-site pre-loan field exams, assess quality of collateral monitoring, and perform operational and troubled loan examinations.
  • Conduct on-site investigations of internal controls.
  • Evaluate accounting systems and controls.
  • Evaluate various assets as collateral for loans.
  • Determine the quality and validity of accounts receivable, inventories and all other general ledger accounts.
  • Formulate meaningful recommendations to improve credit and collateral quality to help the Bank make sound lending decisions.
  • Communicate the results of the field exam as provided in the field exam form to a vast array of readers so there is an understanding of the risks in the loans.
  • Design, implement, maintain and enhance internal controls to mitigate risk on an ongoing basis. Identify risk-related issues needing escalation to management.
  • Promote an environment that supports diversity and reflects the M&T Bank brand.
  • Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
  • Complete other related duties as assigned.
Minimum Qualifications Required:
  • Bachelors in Business or related field – with successful completion of at least two college level accounting courses, or similar experience and a minimum of 2 years commercial banking or related field experience.
  • In lieu of a degree, a combined minimum of 6 years higher education and/or work experience to include a minimum of 2 year commercial banking or related field experience.
  • Ability to travel to the customer’s place of business.
  • Willingness to travel overnight up to at least 50% of the time.
Ideal Qualifications Preferred:
  • Ability to work independently or in a team environment, and identify and solve problems and possess financial analysis skills.
  • Excellent written and verbal communication skills.
  • Ability to adapt to changing conditions with companies, the economy, and the Bank.
  • Ability to interact with all levels of personnel.
  • Strong computer spreadsheet skills and the ability to learn other database manipulation software systems.
  • Experience in determining the validity of accounts receivable, inventories and all other general ledger accounts.
  • Knowledge of Asset Based Lending techniques.
  • Self-motivated, well-organized individual.
  • We encourage candidates with relevant military experience to apply.
Job Sensitivity Tier II – No Credit Check
The Supervision, Regulation and Credit Department (SRC) has openings for Financial Institution Associate Examiners on the Community and Regional supervision program team, responsible for ensuring the safety and soundness of commercial banks and financial institution holding companies located in the 5th District. In the role, an Associate Examiner will be offered diverse and challenging assignments while operating as part of a team of risk specialists focused on one or more risk areas, an opportunity to enhance or develop analytical, critical thinking and leadership skills. Duties may also include performing firm-specific and market analysis, and developing reporting processes to be used by the team. Associate Examiners will be expected to attain examiner commissioning credentials. Reporting to a Senior Manager, Associate Examiners are located in Richmond, VA.
Qualified candidates typically have general banking, financial analysis, accounting or audit experience. Additional valuable experience may include evaluating/analyzing one or more of the following: capital markets, market and liquidity risk management, credit risk, operational risk, accounting/audit, compliance with BSA/AML requirements, information technology, and bank holding companies.
Essential Job Responsibilities include but are not limited to the following:
  • Achieves consistent, incremental progress with Examiner commissioning process
  • May assist or lead bank examination procedure, displaying proficiency in one or several areas of operational risk, credit risk, financial risk, regulatory compliance, consumer compliance, information technology or fiduciary risk
  • Delivers concise and well-written supervisory documents and communicates findings to examiner in charge and supervised institutions
  • Completes assigned tasks with minimal assistance or independently and on time
  • Provides meaningful and timely feedback to staff regarding supervisory events
  • Additionally and at the Associate Examiner – Senior level:
    • Maintains regular communication with Reserve Bank management and management of supervised institutions
    • Contributes to System and Department workgroups
  • Approximately travel of 50%
***The Associate Examiner – Intermediate hiring range is $62,200 – $77,800, annually.
***The Associate Examiner – Senior hiring range is $68,500 – $85,600, annually.
***The deadline for applying is July 5, 2018.
***Job title and salary offered will be based on job responsibilities and individual’s knowledge, skills and experience as defined in the job qualifications/experience.
Qualifications/Experience:
  • 1 – 2 years (2 – 4+ years at the Associate Examiner – Senior level) of bank regulatory or equivalent work experience
  • Bachelor’s degree required with preferred emphasis in Finance, Economics, Business, Accounting or related field
Knowledge and Skills:
  • Completes assignments with limited assistance
  • Proficient ability to organize, prioritize and manage multiple assignments and meet deadlines
  • Extrapolates on knowledge from prior training and experience to understand less to moderately complex regulatory and banking concepts and processes
  • Acute critical thinking demonstrated by sound reasoning supported by facts
  • Proficient oral and written communication, ability to interact on required information and concepts with people at all levels of the organization
  • Ability to work in team environment and contribute to overall completion of examination
  • Acute analytical and technical supervision skills
  • Additionally and at the Associate Examiner – Senior level:
    • Ability to analyze and interpret moderately complex issues, keeps abreast of moderately complex banking and financial industry issues, concepts, trends and regulatory issues while considering broader implications
    • Ability to provide leadership, under supervision, to examination team members
Special Considerations:
  • An applicant posting for employment as a Federal Reserve examiner/analyst must be a U.S. citizen or hold a permanent residence visa/Green Card and be an intending citizen.
  • Under conflict of interest guidelines administered by the Board of Governors of the Federal Reserve System, examining personnel may not participate on an examination of a financial institution or affiliate if the examiner was employed by the financial institution or affiliate within the past 12 months.
  • Please review the FRB Employee Code of Conduct to ensure there are no major issues related to your previous employment and current financial interests. (The Code is available on the About Us, Careers webpage at www.richmondfed.org.; the relevant sections are 5.3 and Appendix B, Parts I, II and III).
FRB ethics rules generally prohibit employees and their immediate families from owning investments in banks, savings associations or their holding companies (Section 5.3). Additionally, employees engaged in Supervision and Regulation may be subject to borrowing and deposit restrictions. These employees may need to recuse themselves from certain supervisory work based on:
  • their borrowing relationships (Appendix B Parts I.1, II.1 and II.2),
  • if a financial institution employs a member of the employee’s immediate family (i.e. spouse, child, parent, or sibling) (Appendix B Part I.3 and Part II.3),
  • if the individual was employed by the financial institution or affiliate within the past 12 months (Appendix B Part I.3 and II.3).
In certain cases, the recusal may be so extensive it could materially reduce the effectiveness of the prospective employee.
This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change (e.g. emergencies, rush jobs, change in workload or technological developments)