Career Information > BFSI > Financial Examiner

Last Updated on :16/10/2023
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Financial Examiner

Aliases: Financial Controller

Industry/Sector(s): BFSI


JOB DESCRIPTION 1

The tasks a Financial Examiner is expected to perform include:

  • Enforcing or ensuring compliance with laws and regulations governing financial and securities institutions
  • Directing and participating in formal and informal meetings
  • Investigating the activities of institutions in order to enforce laws and regulations
WORK ENVIRONMENT 1, 4
  • It is a desk job
  • Need not handle a team
  • Local travelling is not part of this job role
  • Part-time work and contractual jobs are available
  • Work from home option is not available
Working hours
  • Organizations usually work for 5/6 days a week and 8/9 hours everyday. This may vary from organization to organization
  • Shift system is not available
  • Overtime may be required
Is the job suitable for a candidate with special needs?

This may vary from organization to organization

EDUCATIONAL QUALIFICATIONS AND TRAINING 2

Preferably, CA

KEY COMPETENCIES 1
  • Proficiency in preparing reports
  • Adept at recommending actions to ensure compliance with laws and regulations
  • Well-versed with resolving problems concerning the overall financial integrity of banking institutions
  • Knowledge of reviewing audit reports of internal and external auditors
  • Proficiency in reviewing balance sheets, operating income and expense accounts
  • Adept at verifying and inspecting cash reserves, assigned collateral and bank-owned securities in order to check internal control procedures
  • Well-versed with conferring with officials of real estate, securities or financial institution industries
  • Knowledge of establishing guidelines for procedures and policies
DESIRABLE COMPETENCIES 1
  • Strong interpersonal skills
  • Ability to multitask
  • Logical thinking
AVAILABLE SKILL TRAINING AND LEARNING INSTITUTES 

Institute of Chartered Accountants of India
http://www.icai.org/​

AVAILABLE SKILL TRAINING SCHEMES/SCHOLARSHIPS 


SAMPLE OF TRAINING AND LEARNING COURSES 

http://www.ifs.edu.in/forensic-accounting-and-fraud-examiner/

CAREER PROGRESSION PATH 1

Project Head                                                    

             ↑

Financial Manager → Movement to other occupation* 

             ↑

Financial Examiner

* Other industry verticals like Insurance and Telecommunication companies are turning into key verticals for the Banking and Financial services sub-sector.

The progression is indicative

EXPECTED EARNINGS 3
  • For candidates with experience - Rs 50,000 to Rs 80,000 per month
These figures are indicative and subject to change
REQUIRED WORK EXPERIENCE 2

Generally, 5 - 8 years of experience required

PROBABLE EMPLOYERS 2
  • Banks
  • Financial units
KEYWORDS 
  • Financial Controller
  • Financial Examiner
OCCUPATIONAL CODES AND STANDARDS 
StandardCodeDescription
NCO 20152412.0100Financial Examiner
ISCO 20082412Financial and Investment Advisors
NIC 200869201Accounting, bookkeeping and auditing activities
QP ReferenceNot availableNot available
NSQFNot availableNot available
REFERENCES 
1National Classification of Occupations Division 2
2http://www.payscale.com/research/IN/Job=Financial_Controller/Salary
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