Financial Examiners in Puerto Rico
Considering working as a Financial Examiners in Puerto Rico? Below are the key facts. 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.
What do Financial Examiners Make in Puerto Rico?
For a financial examiners working in Puerto Rico, the typical annual salary is $37,100 per year (or roughly $17.84/hour).Pay can range from $30,050 at the 10th percentile to $62,850 at the 90th percentile.
| Wage Statistic | Annual | Hourly |
|---|---|---|
| 10th percentile | $30,050 | $14.45 |
| 25th percentile | $35,290 | $16.97 |
| Median (50th) | $37,100 | $17.84 |
| 75th percentile | $47,020 | $22.61 |
| 90th percentile | $62,850 | $30.22 |
The job concentration index in Puerto Rico relative to the national average — is 2.72, suggesting that financial examiners are more concentrated here than the national average.
National Wage Comparison
Nationally, financial examiners earn a median of $117,139 per year ($56.32/hour), lower than the Puerto Rico median.
Employment Outlook
Nationally, total employment in this occupation is 120,674 financial examiners in the U.S.. In Puerto Rico alone, around 1,040 people work in this role. That’s more than the typical state, which employs around 570 financial examiners.
Top Puerto Rico Metros for Financial Examiners
The largest metro-area employers of financial examiners in Puerto Rico.
| Metro Area | Number Employed | Annual Median Salary |
|---|---|---|
| San Juan-Bayamon-Caguas, PR | 970 | $37,100 |
Top States for Financial Examiners Employment
These states have the highest employment of financial examiners work.
| State | Number Employed |
|---|---|
| New York | 10,580 |
| Texas | 6,060 |
| Florida | 4,380 |
| California | 3,690 |
| Ohio | 3,500 |
| Illinois | 2,970 |
| New Jersey | 2,810 |
| North Carolina | 2,690 |
| Missouri | 2,110 |
| Pennsylvania | 2,090 |
| Colorado | 1,570 |
| Georgia | 1,560 |
| Arizona | 1,560 |
| Virginia | 1,530 |
| Iowa | 1,130 |
| Minnesota | 1,100 |
| Massachusetts | 1,090 |
| Puerto Rico | 1,040 |
| Oregon | 900 |
| Nebraska | 750 |
Highest-Paying States for Financial Examiners
Where financial examiners earn the most: financial examiners.
| State | Annual Median Salary |
|---|---|
| District of Columbia | $177,550 |
| Connecticut | $132,320 |
| New York | $127,190 |
| Washington | $110,340 |
| New Hampshire | $109,010 |
| California | $105,790 |
| New Jersey | $103,300 |
| Colorado | $99,740 |
| Illinois | $99,680 |
| Minnesota | $95,720 |
Skills
Key financial examiners skills, rated on an importance scale of 0 to 5:
Knowledge Areas
Core knowledge areas for this occupation, rated on an importance scale of 0 to 5:
Abilities
Top abilities for financial examiners, rated on an importance scale of 0 to 5:
Daily Tasks
Day-to-day, financial examiners typically:
- 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.
- Recommend actions to ensure compliance with laws and regulations, or to protect solvency of institutions.
- Prepare reports, exhibits, and other supporting schedules that detail an institution's safety and soundness, compliance with laws and regulations, and recommended solutions to questionable financial conditions.
- Resolve problems concerning the overall financial integrity of banking institutions including loan investment portfolios, capital, earnings, and specific or large troubled accounts.
- Investigate activities of institutions to enforce laws and regulations and to ensure legality of transactions and operations or financial solvency.
- Review balance sheets, operating income and expense accounts, and loan documentation to confirm institution assets and liabilities.
- Plan, supervise, and review work of assigned subordinates.
- Review audit reports of internal and external auditors to monitor adequacy of scope of reports or to discover specific weaknesses in internal routines.
- Examine the minutes of meetings of directors, stockholders, and committees to investigate the specific authority extended at various levels of management.
- Train other examiners in the financial examination process.
- Establish guidelines for procedures and policies that comply with new and revised regulations and direct their implementation.
- Review and analyze new, proposed, or revised laws, regulations, policies, and procedures to interpret their meaning and determine their impact.
Work Activities
- Getting Information
- Evaluating Information to Determine Compliance with Standards
- Analyzing Data or Information
- Communicating with Supervisors, Peers, or Subordinates
- Making Decisions and Solving Problems
- Communicating with People Outside the Organization
- Working with Computers
- Establishing and Maintaining Interpersonal Relationships
- Organizing, Planning, and Prioritizing Work
- Identifying Objects, Actions, and Events
- Documenting/Recording Information
- Updating and Using Relevant Knowledge
Tools & Technology
Common tools and software used in this occupation include: Hot technologies: Microsoft Access, Microsoft Excel In-demand technologies: Microsoft Excel
What Major Will Prepare You For This Career?
Several college majors map to this occupation:
- Accounting
- Taxation
Featured schools near , edit
Related Careers
Other careers like financial examiners include:
- Security Managers
- Financial Managers
- Treasurers and Controllers
- Investment Fund Managers
- Compliance Managers
- Management Analysts
Also Known As
AML Director (Anti-Money Laundering Director), Anti Money Laundering Investigator (AML Investigator), BSA Analyst (Business Systems Analyst), BSA Officer (Bank Secrecy Act Officer), BSA Specialist (Bank Secrecy Act Specialist), Bank Compliance Officer, Bank Examiner, Bank Secrecy Act Anti-Money Laundering Officer (BSA/AML Officer), Commercial Escrow Officer, Community Reinvestment Act Officer (CRA Officer), Compliance Analyst, Compliance Coordinator, Compliance Investigator, Compliance Specialist, Compliance Tester.
References
- U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics — https://www.bls.gov/oes/
- O*NET Online — https://www.onetonline.org/
- BLS Employment Projections — https://www.bls.gov/emp/
- O*NET-SOC code: 13-2061.00
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