What is a Bank Examiner?
A bank examiner has the task of making sure that properly chartered banks are operating legally, ethically, and within the requirements that made it possible for the bank to begin operations in the first place. In the United States, the bank examiner is employed by the Federal Reserve Bank and is sworn to uphold the standards set by that institution. Here are some examples of the types of investigation that a bank examiner will do into the bank operations of any chartered banking institution operating within the United States. One of the first things that a bank examiner is concerned with is the compliance of the bank with the requirements set by the Federal Reserve in regard to assets. Generally, a bank must have a minimum amount of assets in hand in order to begin operations. The bank examiner will seek to verify that a bank is maintaining at least that minimum amount, thus ensuring that the bank is strong enough to meet the demands for the types of financial transactions that the en
It’s the entry level position at the Office of the Comptroller of the Currency. What’s the Office of the Comptroller of the Currency? It’s a bureau of the the U.S. Department of the Treasury that was chartered in 1863 to ensure a safe and sound national banking system for all Americans. How do they do that? They have a nationwide staff that “conducts on-site reviews of national banks and provides sustained supervision of bank operations. The agency issues rules, legal interpretations, and corporate decisions concerning banking, bank investments, bank community development activities, and other aspects of bank operations.” I think that it’s pretty obvious that the OCC has become a lot busier in the past couple of years. That’s why now is a great time to check out their entry level hiring program.
