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Working as a Senior Examiner

What Does a Senior Examiner Do

Financial examiners ensure compliance with laws governing financial institutions and transactions. They review balance sheets, evaluate the risk level of loans, and assess bank management.

Duties

Financial examiners typically do the following:

  • Monitor the financial condition of banks and other financial institutions
  • Review balance sheets, operating income and expense accounts, and loan documentation to confirm institution assets and liabilities
  • Prepare reports that detail an institution’s safety and soundness
  • Examine the minutes of meetings of managers and directors
  • Train other examiners in the financial examination process
  • Review and analyze new regulations and policies to determine their impact on the organization
  • Establish guidelines for procedures and policies that comply with new and revised regulations

Financial examiners typically work in one of two main areas: risk scoping or consumer compliance.

Those working in risk scoping evaluate the health of financial institutions. Their role is to ensure that banks and other financial institutions offer safe loans and that they have enough cash on hand to handle unexpected losses. These procedures help ensure that the financial system as a whole remains stable. These examiners also evaluate the performance of bank managers.

Financial examiners working in consumer compliance monitor lending activity to ensure that borrowers are treated fairly. They ensure that banks extend loans that borrowers are likely to be able to pay back. They help borrowers avoid “predatory loans”—loans that may generate profit for banks through high interest payments but may be costly to borrowers and damage their credit scores. Examiners also ensure that banks do not discriminate against borrowers based on ethnicity or other characteristics.

How To Become a Senior Examiner

Financial examiners typically need a bachelor’s degree that includes some coursework in accounting. Entry-level examiners are trained on the job by senior examiners.

Education

Specific requirements for financial examiners vary between federal and state governments. However, all financial examiners typically need a bachelor’s degree that includes some coursework in accounting, finance, economics, or a related field. Examiners working for the Federal Deposit Insurance Corporation (FDIC) must have at least 6 semester hours in accounting.

Training

Once hired, financial examiners receive on-the-job training. Entry-level workers begin under the supervision of senior examiners, as they learn their job duties.

Advancement

After a few years of experience, financial examiners can advance to a senior examiner position. Requirements for these positions vary by employer but often require a master’s degree in either accounting or business or becoming a Certified Public Accountant (CPA).

Important Qualities

Analytical skills. Financial examiners need strong analytical skills to evaluate how well the managers of financial institutions are handling risk and whether the individual loans the institution makes are safe.

Detail oriented. Financial examiners must pay close attention to details when reviewing balance sheets to identify risky assets.

Math skills. Financial examiners need good math skills to monitor balance sheets and see if the bank’s or other financial institution’s available cash is dangerously low.

Writing skills. Financial examiners regularly write reports on the safety and soundness of financial institutions. They must be able to explain technical information clearly.

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Average Salary$92,286
Job Growth Rate7%

Senior Examiner Career Paths

Top Careers Before Senior Examiner

Examiner
20.9 %

Top Careers After Senior Examiner

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Average Salary for a Senior Examiner

Senior Examiners in America make an average salary of $92,286 per year or $44 per hour. The top 10 percent makes over $122,000 per year, while the bottom 10 percent under $69,000 per year.
Average Salary
$92,286

Best Paying Cities

City
Average Salary
Washington, DC
Salary Range79k - 139k$105k$105,346
New York, NY
Salary Range75k - 134k$100k$100,292
Parkville, MD
Salary Range70k - 124k$94k$94,004
Clearwater, FL
Salary Range63k - 106k$82k$82,090
Cheyenne, WY
Salary Range58k - 95k$74k$74,483
Anaheim, CA
Salary Range57k - 93k$73k$72,986
$52k
$139k

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Senior Examiner/Examiner (Market Risk)
Senior Examiner/Examiner (Market Risk)
Indian Health Service
Indian Health Service
06/28/2020
06/28/2020
$82,20806/28/2020
$82,208
Senior Examiner/Examiner (Market Risk)
Senior Examiner/Examiner (Market Risk)
Indian Health Service
Indian Health Service
06/28/2020
06/28/2020
$82,20806/28/2020
$82,208
Senior Consumer Credit Examiner
Senior Consumer Credit Examiner
State of Maine, Bureau of Human Resources
State of Maine, Bureau of Human Resources
04/25/2020
04/25/2020
$42,86204/25/2020
$42,862
Senior Market Conduct Examiner
Senior Market Conduct Examiner
Maryland Government Jobs
Maryland Government Jobs
03/06/2020
03/06/2020
$49,97103/06/2020
$49,971
Fiex-Senior Financial Examiner
Fiex-Senior Financial Examiner
State of Wyoming
State of Wyoming
03/05/2020
03/05/2020
$58,07803/05/2020
$58,078
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Senior Examiner Demographics

Gender

male

53.6 %

female

42.4 %

unknown

4.0 %

Ethnicity

White

59.7 %

Hispanic or Latino

15.4 %

Black or African American

12.6 %

Foreign Languages Spoken

Spanish

42.4 %

German

15.2 %

French

12.1 %
See More Demographics

Senior Examiner Education

Majors

Business
28.7 %
Finance
14.5 %

Degrees

Bachelors

48.6 %

Masters

25.7 %

Associate

8.9 %

Top Colleges for Senior Examiners

1. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

2. SUNY at Binghamton

Vestal, NY • Public

In-State Tuition
$9,808
Enrollment
13,990

3. Northeastern University

Boston, MA • Private

In-State Tuition
$51,522
Enrollment
13,760

4. San Diego State University

San Diego, CA • Public

In-State Tuition
$7,488
Enrollment
30,018

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. University of Central Florida

Orlando, FL • Public

In-State Tuition
$6,368
Enrollment
58,392

9. California State University - Fullerton

Fullerton, CA • Public

In-State Tuition
$6,886
Enrollment
34,637

10. University of Washington

Seattle, WA • Public

In-State Tuition
$11,207
Enrollment
30,905
See More Education Info
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Top Skills For a Senior Examiner

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 11.6% of senior examiners listed risk management on their resume, but soft skills such as writing skills and analytical skills are important as well.

  • Risk Management, 11.6%
  • Regulatory Agencies, 10.1%
  • Ensure Compliance, 7.5%
  • Special Projects, 7.0%
  • Encase, 6.7%
  • Other Skills, 57.1%
  • See All Senior Examiner Skills

Best States For a Senior Examiner

Some places are better than others when it comes to starting a career as a senior examiner. The best states for people in this position are Nevada, Rhode Island, Delaware, and Alaska. Senior examiners make the most in Nevada with an average salary of $120,461. Whereas in Rhode Island and Delaware, they would average $111,634 and $107,957, respectively. While senior examiners would only make an average of $106,702 in Alaska, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Rhode Island

Total Senior Examiner Jobs:
2
Highest 10% Earn:
$185,000
Location Quotient:
1.69
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Nevada

Total Senior Examiner Jobs:
3
Highest 10% Earn:
$186,000
Location Quotient:
1.26
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. New York

Total Senior Examiner Jobs:
38
Highest 10% Earn:
$168,000
Location Quotient:
2.17
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Senior Examiner Employers

1. Federal Home Loan Mortgage
4.7
Avg. Salary: 
$101,931
Senior Examiners Hired: 
29+
2. Federal Deposit Insurance
4.8
Avg. Salary: 
$105,084
Senior Examiners Hired: 
15+
3. NYSE Euronext
4.8
Avg. Salary: 
$99,857
Senior Examiners Hired: 
14+
4. Federal Reserve Bank of Cleveland
4.2
Avg. Salary: 
$129,855
Senior Examiners Hired: 
8+
5. Federal Reserve Bank of Atlanta
4.3
Avg. Salary: 
$127,598
Senior Examiners Hired: 
7+
6. Federal Reserve Bank of SAN Francisco
4.8
Avg. Salary: 
$153,012
Senior Examiners Hired: 
7+

Senior Examiner Videos

Updated October 2, 2020