A bank examiner ensures banks, savings and loan companies are operating transparently, safely and legally. It's a job that comes with a tremendous amount of responsibility, so it's essential that every bank examiner is thoroughly reviewed and tested before they are hired.
The bank examiner test looks at how well equipped candidates are to deal with the rigorous demands of being a bank examiner. This includes everything from their grasp of balance sheets and income statements, to how well they understand key financial and business concepts.
To do well, a candidate should have brushed up on their general understanding of finance and business concepts, what the role of a bank examiner entails, and general accounting terms and practice.
Typically, the test involves answering multiple choice questions under timed conditions. As well as assessing each candidate's knowledge and skills in the field, employers can also use the test as a measure of how well each individual copes under pressure.
Bank examiners are an essential part of modern society. They ensure our financial services are legal and trustworthy, and as such hiring the right person or people for the job is critical.
A bank examiner is entrusted with regulating banks and other financial services to ensure they comply with government bank regulations. The bank examiner test covers all of the information that may be required for the job and can give employers a better understanding of how knowledgeable candidates are.
The test covers subjects including balance sheets, income statements, banking products and services, general banking principles and bookkeeping.
The test is useful as a screening device as it can help you shortlist candidates before the next hiring stages of your recruiting process as well as help reduce unconscious bias.
The bank examiner test covers a whole range of financial and accounting principles: from bookkeeping and loan concepts, to a candidate's understanding of banking terminology and best practices.
These skills can be difficult to assess without a test. The bank examiner test allows employers and recruiters to get a subjective, fair reading of each candidate's skill level, and a better understanding of how comfortable they are answering questions under time pressure.
The bank examiner test could be used when hiring for the following jobs:
The test is a really useful screening device for employers and recruiters looking to better understand the differing levels of knowledge and expertise of a large volume of candidates.
Those who do well on the test can be taken forward to the next stage, while those that don't can be let go from the process.
Results for the Bank Examiner Test along with other assessments the candidate takes will be compiled to produce a candidate report.
The report is automatically generated and available both online and as a downloadable pdf so they can be shared with other team members and employees alike.
Candidates will need to answer a range of questions that measure industry-specific technical skills where applicable (e.g. Microsoft Excel), soft skills (e.g. interpersonal skills), aptitude (e.g. numerical reasoning) and relevant personality dimensions (e.g. attention to detail). The results present a holistic view of how well suited each candidate is for the job at hand, using a data-driven approach.
The format varies by type of question, including multiple-choice for aptitude and technical skills, situational judgement for soft skills and agreement on a Likert scale for the personality dimensions. This approach ensures candidates are being assessed in an accurate and fair manner, and that results reflect the true underlying qualities of each candidate.
The characteristics, abilities and knowledge necessary to be a bank examiner were identified using the US Department of Labor's comprehensive O*NET database. O*NET is the leading source of occupational information that is constantly updated by collecting data from employees in specific job roles.
During the development process, test questions were rigorously analysed to maximise reliability and validity in line with industry best practices. They were created by our team of I/O psychologists and psychometricians – who collaborated with subject-matter-experts – and field-tested with a representative sample of job applicants who have varying experience, just like you might find in a talent pool.
Each test is reviewed by a panel of individuals representing diverse backgrounds to check for any sensitivity, fairness, face validity and accessibility issues. This ensures each candidate has a fair chance of demonstrating their true level of expertise.
Our bank examiner test is monitored to ensure it is up-to-date and optimised for performance.
Validated
Neuroworx provides evidence-based recommendations for tests to use for over 750 jobs. Our recommendation engine leverages data from the Occupational Information Network (O*NET) developed by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA).
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Origins
As well as a strong aptitude for numbers and mathematical and accounting principles, bank examiners need to have good attention to detail, a clear communication style, the ability to take accountability for their work and an aptitude for analysing large volumes of data.
Bank examiners need to be good at maths so a numerical reasoning test could be another useful test when hiring.
It could also be helpful to assess their Microsoft Excel skills and how well they understand basic accounting principles.
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