Financial Examiners

Does not pass

• Review balance sheets, operating income and expense accounts, and loan documentation to confirm institution assets and liabilities.

  reason given most often: no existing check settles it, and a failure is too expensive · 11.5% of the role's time · $733M

• Plan, supervise, and review work of assigned subordinates.

  reason given most often: nobody can tell quickly whether it worked, and no existing check settles it · 10.5% of the role's time · $669M

• Direct and participate in formal and informal meetings with bank directors, trustees, senior management, counsels, outside accountants, and consultants to gather information and discuss findings.

  reason given most often: no existing check settles it · 9.2% of the role's time · $590M

• Investigate activities of institutions to enforce laws and regulations and to ensure legality of transactions and operations or financial solvency.

  reason given most often: nobody can tell quickly whether it worked, and no existing check settles it, and a failure is too expensive · 8.1% of the role's time · $520M

• Train other examiners in the financial examination process.

  reason given most often: nobody can tell quickly whether it worked, and no existing check settles it · 7.8% of the role's time · $497M

• Recommend actions to ensure compliance with laws and regulations, or to protect solvency of institutions.

  reason given most often: nobody can tell quickly whether it worked, and no existing check settles it, and a failure is too expensive · 7.5% of the role's time · $481M

• Prepare reports, exhibits, and other supporting schedules that detail an institution's safety and soundness, compliance with laws and regulations, and recommended solutions to questionable financial conditions.

  reason given most often: no existing check settles it · 7.1% of the role's time · $455M

• Examine the minutes of meetings of directors, stockholders, and committees to investigate the specific authority extended at various levels of management.

  reason given most often: no existing check settles it · 5.8% of the role's time · $369M · waiting on a check

• Review audit reports of internal and external auditors to monitor adequacy of scope of reports or to discover specific weaknesses in internal routines.

  reason given most often: no existing check settles it · 5.7% of the role's time · $363M

• Resolve problems concerning the overall financial integrity of banking institutions including loan investment portfolios, capital, earnings, and specific or large troubled accounts.

  reason given most often: nobody can tell quickly whether it worked, and no existing check settles it, and a failure is too expensive · 5.4% of the role's time · $346M

• Establish guidelines for procedures and policies that comply with new and revised regulations and direct their implementation.

  reason given most often: nobody can tell quickly whether it worked, and no existing check settles it, and a failure is too expensive · 4.6% of the role's time · $292M

• Evaluate data processing applications for institutions under examination to develop recommendations for coordinating existing systems with examination procedures.

  reason given most often: nobody can tell quickly whether it worked, and no existing check settles it · 4.4% of the role's time · $284M

• Review and analyze new, proposed, or revised laws, regulations, policies, and procedures to interpret their meaning and determine their impact.

  reason given most often: nobody can tell quickly whether it worked, and no existing check settles it, and a failure is too expensive · 4.1% of the role's time · $264M

• Review applications for mergers, acquisitions, establishment of new institutions, acceptance in Federal Reserve System, or registration of securities sales to determine their public interest value and conformance to regulations, and recommend acceptance or rejection.

  reason given most often: nobody can tell quickly whether it worked, and no existing check settles it, and a failure is too expensive · 2.3% of the role's time · $147M

• Provide regulatory compliance training to employees.

  reason given most often: nobody can tell quickly whether it worked, and no existing check settles it · 2.0% of the role's time · $129M

• Verify and inspect cash reserves, assigned collateral, and bank-owned securities to check internal control procedures.

  physical work, outside the screen · 2.0% of the role's time · $127M

• Confer with officials of real estate, securities, or financial institution industries to exchange views and discuss issues or pending cases.

  reason given most often: no existing check settles it · 1.9% of the role's time · $122M