To pursue a career as a bank auditor, a person usually needs to complete a bachelor’s degree in a finance-related field. Many aspiring bank auditors choose to pursue master’s degrees, however, as doing so may make them more attractive to potential employers. A person who wants to become a bank auditor may also want to seek certification in his jurisdiction. While obtaining certification may not be a requirement for this job, certification may allow the aspiring bank auditor to have an easier time competing for a job.
A bank auditor has the job of evaluating banking institution records. He checks to ensure the institution’s financial records are accurate. He also analyzes records to rule out fraud. A bank auditor may work to identify potential problems in the way the records are are being kept as well as security risks. He may also analyze whether the institution is being managed properly and offer recommendations for improving its financial status.
To prepare for a career as a bank auditor, an individual must graduate from high school or earn an equivalent credential. He may then go on to earn a bachelor’s degree in a financial field. For example, he may pursue a bachelor’s degree in accountancy or in finance, though other finance-related degrees may be appropriate as well. Among the things a person usually studies in preparation for this degree are types of financial institutions, accountancy, and various types of financial assets.
In an effort to become a bank auditor, a person may go beyond college and pursue a master’s degree in accountancy, finance, business administration with a specialization in finance, or a related major. While not all employers will require a master’s degree, many may have more confidence in an employee who holds one.
Once a person completes college or graduate school, he may apply to become a bank auditor with a bank or accounting firm. As a new auditor, a person may work with an experienced auditor, getting on-the-job training. Some people choose to become self-employed auditors, working independently instead of for a company. Usually, an independent auditor will be most successful in this business after gaining experience working for a company first and then striking out on his own. Internships may also provide valuable experience for a person who wants to become a bank auditor.
Many bank auditors seek certification through a bank auditor authority in their jurisdictions. Certification may open the doors to more or better job opportunities. To earn certification, the auditor may have to pass a few exams and provide proof of his degree. Often, experience as a bank auditor is required as well.