What degree do you need to be a bank examiner?

What degree do you need to be a bank examiner?

Candidates applying for the position of bank examiner have usually completed a bachelor’s degree in marketing, finance, economics, commercial or banking law, business administration, banking, accounting, or any other relevant field. Knowledge of marketing, economics, and finance is essential for this role.

How do you become a national bank examiner?

How to become a bank examiner

1. Earn a degree in finance.
2. Gain experience in the field.
3. Earn a Certified Public Accountant (CPA) certificate.
4. Pass a pre-employment bank examiner exam.
5. Attend training programs.
6. Continue learning.

What does a FDIC bank examiner do?

FDIC bank examiners determine if financial institutions follow safe-and-sound banking practices, implement effective internal policies and procedures, and comply with consumer protection, anti-discrimination, and community reinvestment laws and regulations.

Is FDIC a good place to work?

This year, the FDIC ranked No. 4 among midsize agencies, up one spot from last year. The 2019 designation marks the tenth consecutive year that the FDIC has been ranked among the top workplaces in the federal government. The full 2019 rankings can be found at https://bestplacestowork.org/rankings/overall/mid.

Is being a bank examiner a good job?

“In fact, being an examiner is a great foundation for anyone in the financial industry, with solid financial grounding, a myriad of knowledge and exposure to best practices and financial analysis,” says Kris VanBeek, a Senior Vice President of Information Systems at Digital Federal Credit Union (DCU), and a former …

Do bank examiners make good money?

While ZipRecruiter is seeing annual salaries as high as $98,500 and as low as $21,500, the majority of Entry Level Bank Examiner salaries currently range between $31,000 (25th percentile) to $43,000 (75th percentile) with top earners (90th percentile) making $73,000 annually across the United States.

Who does a bank examiner work for?

A bank examiner is a financial examiner who investigates banks, financial firms, and securities firms to make sure that they are safe and sound. Bank examiners are the ones who implement state and federal laws.

How long does it take to become a commissioned bank examiner?

There is a rigorous 4-5 year training program required to be credentialed as a commissioned bank examiner. The training includes many courses and 2 main written tests. Examiners may not hold in-charge positions without being commissioned.

What are the drawbacks of the FDIC?

The FDIC does attempt to protect large depositors because most of these are held by businesses and their loss may cause their failure, with negative repercussions for the local economy, and it may cause bank runs by large depositors on other banks, which may precipitate their failure.

How much do Federal Reserve analysts make?

Federal Reserve Board Salary FAQs The average salary for a Financial Analyst is $73,725 per year in United States, which is 16% lower than the average Federal Reserve Board salary of $87,863 per year for this job.