Bank Examiner
Definition
Individual who reviews a bank's operations, such as lending policies, guidelines, and practices. Such examiners are employed by a Federal Reserve Bank, and typically have had extensive education in finance or accounting. A Bank Examiner's work involves granting or redoing applications for setting or expanding companies that provide banking services, supervising member banks to ensure compliance with regulations, monitor a member banks' operating systems, designing regulations and monitoring the internal functions of the specific Reserve Bank that they are associated with.
Use Bank Examiner in a sentence
“ You should try to have a good bank examiner that can let you know just how well your bank is doing. ”
“ He really loved his job as a bank examiner and would get up every morning with a smile on his face. ”
“ The small credit union was shut down within two days of the Bank Examiner finding major discrepancies during his annual audit. ”
