Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify, or authenticate records.
- Bank Compliance Officer
- Bank Examiner
- Bank Secrecy Act-Anti-Money Laundering Officer (BSA/AML Officer)
- Chief Bank Examiner
- Community Reinvestment Act Officer (CRA Officer)
- Compliance Analyst
- Compliance Coordinator
- Examine the minutes of meetings of directors, stockholders and committees to investigate the specific authority extended at various levels of management.
- Review balance sheets, operating income and expense accounts, and loan documentation to confirm institution assets and liabilities.
- 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.
- Establish guidelines for procedures and policies that comply with new and revised regulations and direct their implementation.
- Recommend actions to ensure compliance with laws and regulations, or to protect solvency of institutions.
- 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.
- Plan, supervise, and review work of assigned subordinates.
- Resolve problems concerning the overall financial integrity of banking institutions including loan investment portfolios, capital, earnings, and specific or large troubled accounts.
- Train other examiners in the financial examination process.
- Verify and inspect cash reserves, assigned collateral, and bank-owned securities to check internal control procedures.
People who work in this occupation generally have the interest code: EC.
This means people who work in this occupation generally have Enterprising interests, but also prefer Conventional environments.
People who work in this occupation generally prize Independence, but also value Relationships and Achievement in their jobs.
- Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
- English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
- Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
- Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
- Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
- Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
- Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
- Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
- Management of Personnel Resources - Motivating, developing, and directing people as they work, identifying the best people for the job.
- Speaking - Talking to others to convey information effectively.
- Writing - Communicating effectively in writing as appropriate for the needs of the audience.
- Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.
Most of these occupations require a four-year bachelor's degree, but some do not.
In 2012, the average annual wage in California was $89,560.00 with most people making between $50,040.00 and $145,770.00
During 2008, this occupation employed approximately 3,100 people in California. It is projected that there will be 4,100 employed in 2018.
This occupation will have about 100 openings due to growth and about 60 replacement openings for approximately 160 total annual openings.
collegeSanta Rosa Junior College
majorBusiness Administration and Management, General
onetPersonal Financial Advisors
majorAccounting and Finance
collegeCalifornia Polytechnic State University-San Luis Obispo