- Bank Supervision
- Business & Operations
Asset Management Supervision
The Office of the Comptroller of the Currency (OCC) regulates and supervises the asset management activities within national banks and federal savings associations. The OCC defines asset management as the business of providing financial products or services to a third party for a fee or commission. This broad definition encompasses a wide-range of products and services and requires that examiners have expertise in several specialty areas within asset management.
- Wealth Management. Financial services, such as fiduciary relationships, investment management, and custody services to affluent persons, their families, and their businesses.
- Investment Management. Management or advisory services on investment portfolios or individual assets to both individuals and institutions.
- Corporate Trust. Trustee, agency, fiduciary, escrow, and other services to private corporations and government entities.
- Retirement Services. Administration and other services to retirement plans, including investment management and recordkeeping services.
- Operations, Audit, & Internal Controls. Processes and systems to support the various types of asset management accounts, clients, and assets that the bank services, including appropriate internal controls and risk management capabilities to mitigate the operational, strategic, reputational, and compliance risk associated with asset management activities.
If you are highly competent in any of these areas, with a proven ability to identify and resolve problems, you should consider a career in asset management supervision with the OCC.
Opportunity: Asset Management Bank Examiner
The OCC provides opportunities for asset management specialists in Large Bank Supervision, Midsize and Community Bank Supervision, and in the Headquarters policy area known as the Chief National Bank Examiner’s Office (CNBE). Each of these opportunities requires a different level of expertise and specialization within the asset management spectrum. Large banks supervised by the OCC generally have assets of $50 billion to $3 trillion, with on-site examination teams in cities across the country. OCC supervises midsize and community banks with assets up to $50 billion from examination teams located in field offices across the country. The CNBE develops and issues guidance and supervisory policies to address sound practices and emerging risks, as well as compliance with applicable laws and regulations. The CNBE also interacts with the other federal banking agencies to develop consistent examination procedures and supervisory approaches.
Whether you are actively seeking a career change, or are content with your current position, you owe it to yourself to discover whether a career in asset management supervision at the Office of the Comptroller of the Currency is right for you.