Careers at the OCC:
Experienced Bank Examiner Careers
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Do you have 5 to 15 years experience working in a bank, financial services
industry, or regulatory agency?
Have you established an area of expertise in the banking arena?
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If so, then you may be interested in leveraging your experience by taking a
position as a bank examiner focused on a specialized area, such as asset
management, capital markets, compliance, credit, and others.
To effectively supervise large banks, the OCC often needs to hire experienced
banking specialists for strategic roles. We can offer you an opportunity to
serve the country, competitive salaries, flexible work schedules, excellent
benefits, and stable employment.
Job Search
Examiner Jobs in Headquarters
Some experienced examiners are stationed in the OCC's Washington, D.C., office
near the U.S. Capitol. They act as liaisons with other financial regulatory
agencies and serve as expert contributors to agency policies, procedures,
speeches, and testimony.
Examiner Jobs in Large Banks
Most experienced bank examiners typically work in cities that are the
headquarters location of large national banks.
Supervision of large banks entails examining some of the world's most complex
banking companies, which generally operate over wide geographic areas.
Examiners develop and expand their skills in a variety of businesses and
product lines. Because they interact often with bank personnel who are experts
in their business fields, these examiners work full-time onsite in the large
banks.
Oversight for Large Banks is headquartered in Washington, D.C.
Mergers, acquisitions, and conversions to national banking charters open
opportunities for specialized recruiting in particular areas in the financial
marketplace. For example, in 2006 the OCC placed more than 100 experienced bank
examiners at three major banks in New York City and the OCC New Jersey field
office. Those moves created other job opportunities throughout the OCC.
Experienced examiners also work in the following specialized areas:
Asset Management
Asset management activities include the following:
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traditional trust services (personal trust, estate settlement, employee
benefit, and corporate trust),
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retail brokerage,
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private banking,
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securities lending
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investment advisory and management services,
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investment company services,
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custody and security-holder services, and
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insurance activities.
Asset management specialists must be familiar with these activities and
pertinent laws and regulations, including applicable state and national banking
laws and regulations, the Employee Retirement Income Security Act of 1974,
Securities and Exchange Commission regulations and rulings, and the Internal
Revenue Code.
Bank Information Technology (BIT)
BIT examiners must stay on top of trends that relate to bank operations and
information systems management. The systems in a bank drive core processes and
are key to bank successes.
BIT examiners analyze and synthesize volumes of technical data and make formal
presentations on technical material. BIT examiners ensure that risks are
appropriately identified, measured, monitored, and controlled for all areas of
bank operations.
Examiners enjoy working in Bank Information Technology because they are
continuously exposed to new products and changing environments. This continuous
change keeps them interested, alert, and mindful of the need to continue
learning.
International
International examiners have advanced technical, analytical, and communication
skills. They provide strong leadership in implementing highly complex
international policy initiatives.
Rewards of a career in this area include traveling to foreign countries,
interacting with foreign supervisors, expanding breadth and depth of knowledge,
developing leadership capabilities, and expanding a sphere of influence within
and outside the OCC.
Capital Markets
Capital Markets examiners oversee risks and management-control processes across
a broad array of financial products and activities. Examiners commonly
associate these with traditional asset/liability management areas, such as
interest rate risk, investments, and liquidity.
The examiner's goal is to ensure that risks are appropriately identified,
measured, monitored, and controlled. When weaknesses are found, examiners make
recommendations and ensure that management takes corrective action.
Compliance
Compliance examiners apply audit techniques to determine how well financial
institutions comply with appropriate laws and regulations. They look for
patterns or irregularities that require further review to determine the need
for controls over suspicious monetary activity, indicate the possibility of
discriminatory or predatory lending practices, and determine the level of
Community Reinvestment Act performance.
Whether their area of inquiry is bank secrecy/anti-money laundering, predatory
or fair lending, community reinvestment, or compliance with consumer laws and
regulations, the compliance examiner focuses on protecting the consumer. They
are true consultants and problem solvers, often advising banks on ways to serve
their customers better. Compliance examiners also represent the OCC in bankers'
forums and with community groups.
Credit
Examiners in credit positions evaluate the adequacy of the following
activities:
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major credit processes, such as loan origination and underwriting;
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portfolio management activities including loan sales, syndications, and credit
derivative strategies;
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ALLL including expected loss models;
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loan review and remediation.
In addition, examiners analyze loan portfolios by industry, line of business,
and/or geography. Their work encompasses onsite examinations and ongoing
supervisory activities.
They discuss specific risk concerns, provide creative and penetrating arguments
that influence senior management to control high risks, and monitor
implementation of corrective action. They prepare written conclusion reports,
formal supervisory strategies, and quarterly risk assessments that align with
high-risk areas.
Retail Credit
Retail banking is an excellent career-development opportunity, full of
challenge as the business expands in scale and complexity. Retail credit blends
old fashioned, five-Cs credit sense with sophisticated models that replicate
the five-Cs.
OCC deploys specialist-trained and generalist examiners in this field, and
develops a pipeline of trained examiners at all levels by providing first-class
external training along with internal training, mentoring, and developmental
assignments.
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