Employment of financial examiners is projected to grow 27 percent from 2010 to 2020, faster than the average for all occupations. Implementation of new financial regulations is expected to create a need for more examiners.
For example, some large financial institutions that were not previously subject to Federal Deposit Insurance Corporation (FDIC) regulation have now been placed under that agency’s supervision. More examiners will be needed to monitor these institutions’ available cash levels and risky trading activity.
In addition, the creation of the Consumer Financial Protection Bureau (CFPB) will require more financial examiners working on consumer compliance. This agency’s mission is to provide more oversight to the mortgage-lending process and prevent the types of abuses that contributed to the recent subprime crisis and housing crash.
However, hiring increases will be restricted by overall decreases in federal government spending and employment. Overall employment in the federal government is expected to decline, but employment of financial examiners in the federal government is expected to grow.
Source: Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2012-13 Edition