Financial Institution Specialist
Financial Institution Specialist
Financial Institution Specialists participate in the assessment of financial institutions to determine the existence of unsafe and unsound practices; violations of law and regulation; the adequacy of internal controls/procedures; and the general character of management. Financial Institution Specialists also:
- Write comments and analyses for inclusion in examination reports and meet with insured depository institution officials to discuss the findings of an examination and, if necessary, any corrective programs.
- Participate as a member of a risk examination team. Review pre-examination data and assists with analyzing, interpreting, and evaluating earnings, liquidity, and capital.
- Research, compile, manipulate and/or evaluate data to prepare a variety of documents, management reports and presentations.
- Prepare examination reports and related documents (e.g. examination scope memoranda, work papers, Reports of Examinations, and Reports of Visitations).
- Attend meetings with FDIC officials, attorneys, accountants, representatives of financial institutions or other private sector representatives, and/or other federal and state regulatory agency officials to discuss issues of mutual concern when applicable, and under the guidance of higher-graded specialists/examiners and/or supervisors.
- Meet with and conduct interviews of institution personnel of various levels to determine their awareness of current laws and regulations; obtain information and documents; and provide feedback regarding examination activities.
- Identify and report unusual transactions, irregularities, weaknesses or deficiencies of the file documentation to higher-graded specialists/examiners and/or supervisors.