Bank Examiners

Employment for financial examiners will grow much faster than the average for all occupations through 2032, according to the U.S. Department of Labor (DOL). The DOL says that "more of these institutions are hiring financial examiners to help navigate the regulatory environment and reduce the cost of compliance. Financial examiners also will continue to be needed at the federal level to enforce regulations."

Opportunities for examiners are expected to be especially strong in the finance and insurance industries. The financial crisis of 2008-09 has prompted government agencies at the state and federal levels to more closely monitor the activities of banks, and the federal and state governments to implement new financial regulations. As a result, more examiners will be needed.

The work of the Consumer Financial Protection Bureau will require more financial examiners working on consumer compliance relating to the mortgage-lending process and related areas.

Demand for financial examiners has also grown in the financial industry because of an increasing number of new regulations. More financial institutions are hiring financial examiners to help navigate the new regulatory environment, and reduce the cost of compliance.

Those who decide to become bank examiners can expect considerable job security. Employment in this field is usually not affected by general economic fluctuations. In addition, job openings will result from the need to replace those who retire or leave for other positions.