|Overview:||Bank examiners investigate the accounting and banking practices of banks to evaluate their stability and to detect fraud. They review problems detected with bank's executives and can warn or recommend when a bank should be closed.|
|Duties:||Bank examiners direct investigations of banking practices throughout an assigned state to enforce laws governing banking procedures such as loan practices, deposits and protection against fraud.
They evaluate results of investigations of banks to determine the action needed to ensure that a bank stays solvent so that depositors are protected.
They recommend to banks the most appropriate methods for assessing risks when making loans to customers such as stability, reserves, and collateral. Bank examiners evaluate banks' interest rates paid to investors.
They evaluate banks' practices regarding fairness of loan decisions and mortgage interest rates charged. They recommend to federal authorities the penalties to banks not complying with the laws.
A.A.S. Management: Marketing Concentration
A.S. Business Administration (Accounting and Marketing)
|Job Outlook:||Employment of financial examiners is expected to grow much faster than average through 2018 due to increased scrutiny of financial transactions and demand for accountability.|
|Salary Range (National Average):||$37,000 to $42,000|
|Education Level:||Typically, a Bachelor’s Degree from a 4-year college (some are 5 years) is required to be considered for this occupation.|
|Additional Training/Education:||A bachelor's degree in business administration with a concentration in banking, finance and accounting is the usual educational requirement for an entry position in this occupation. Courses in auditing, accounting and computer-aided financial analysis are essential.|
* National data collected by the Department of Labor in 2014 with projections through 2024. For New York green job information .
Understanding acquiring positions in this field may be enhanced through continuing academic study (i.e. earning a baccalaureate or a master's degree) and/or work experience in the field, Queensborough Community College has established transfer agreementswith other institutions for students who wish to further pursue their educational goals. Students are highly encouraged to meet with one of our Career Services to fully understand the opportunities available through study in their degree program.