Will AI replace Financial Examiners?
AI can do 88% of the work Financial Examiners do at least twice as fast. People already use it for 1 of their 17 tasks, while 13 more are ready but barely used so far. 3 still need a person.
AI is already doing this1 · 5% of time
People already use AI for these tasks in real work, based on Anthropic's analysis of how Claude is used.
- Review and analyze new, proposed, or revised laws, regulations, policies, and procedures to interpret their meaning and determine their impact.Mostly automated5% of time
AI could do this next13 · 83% of time
AI can speed these up by at least half, but real use has not caught up yet. These are next in line.
- 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.16% of time
- Review balance sheets, operating income and expense accounts, and loan documentation to confirm institution assets and liabilities.15% of time
- Investigate activities of institutions to enforce laws and regulations and to ensure legality of transactions and operations or financial solvency.14% of time
- Recommend actions to ensure compliance with laws and regulations, or to protect solvency of institutions.7% of time
- Resolve problems concerning the overall financial integrity of banking institutions including loan investment portfolios, capital, earnings, and specific or large troubled accounts.7% of time
- Plan, supervise, and review work of assigned subordinates.5% of time
- Review audit reports of internal and external auditors to monitor adequacy of scope of reports or to discover specific weaknesses in internal routines.5% of time
- Examine the minutes of meetings of directors, stockholders, and committees to investigate the specific authority extended at various levels of management.2% of time
- Train other examiners in the financial examination process.2% of time
- Establish guidelines for procedures and policies that comply with new and revised regulations and direct their implementation.2% of time
- Verify and inspect cash reserves, assigned collateral, and bank-owned securities to check internal control procedures.2% of time
- Evaluate data processing applications for institutions under examination to develop recommendations for coordinating existing systems with examination procedures.2% of time
- Review applications for mergers, acquisitions, establishment of new institutions, acceptance in Federal Reserve System, or registration of securities sales to determine their public interest value and conformance to regulations, and recommend acceptance or rejection.1% of time
Still needs a person3 · 12% of time
No real AI use, no proven AI speedup and no robot that can do it yet. This is the part of the job to build on.
- 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.9% of time
- Confer with officials of real estate, securities, or financial institution industries to exchange views and discuss issues or pending cases.2% of time
- Provide regulatory compliance training to employees.1% of time
Your week is not the average
Describe what you actually do and get a personal report: your own tasks, what AI can already do, what stays yours and a 90 day plan.
What this means
AI can already do almost all of this work at least twice as fast. Real use is still behind at 4 out of 100, so the change here is only getting started. Expect the role to shift toward deciding what to do, checking AI's work and owning the result.
What to do next
- Do the 1 task AI is already handling with AI yourself. Your peers already are, and it is quickly becoming the baseline.
- Get ahead on the 13 tasks AI could do next. These move as tools improve, so learning them early pays off.
- Build on the 3 tasks that stay human. This is where your judgment, skill and relationships matter most.
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