Financial Institutions

FINANCIAL INSTITUTIONS EXAMINER II (Field)

Note 2 positions available.

 General description of functions and responsibilities:

The positions, located in the Field Examination Branch (“Branch”) of the Division of Financial Institutions (“Division”),  conduct on-site examinations of banks, foreign banks, and financial services loan companies (Section A) and savings banks, saving and loan associations, trust companies, credit unions, escrow depositories, money transmitters, mortgage loan originators, mortgage loan originator companies, and mortgage servicers (Section B)

The purposes of the examination are to determine the financial condition of the institution, evaluate its management and determine compliance with applicable laws and regulations.  These duties include, but are not limited to, any and all of the duties and responsibilities described below.

Examines financial institutions and other regulated industries:

a.  Singly or with one or more examiners assisting, conducts, supervises, and directs examinations of medium or small size institutions or branches of institutions.  The examinations require a careful appraisal and classification of assets; a comprehensive analysis of liabilities; an accurate determination and analysis of capital; a studied review of dividend and charge-off policies, earnings trends and future prospects; an evaluation of management and the soundness of its loan and investment policies; a thorough analysis of the institution’s liquidity position; and full determination of all other factors and causes, unsafe and unsound practices, and violations of laws and regulations which have affected or may affect the condition and soundness of the institution under examination.

b.  When not supervising or directing the examination, the position holder assists in the examination and may be assigned by the examiner-in-charge the responsibility for supervising, directing or singly handling evaluation of a branch, department, or other segment of the examination (e.g., securities analysis; report preparation; trust, commercial, consumer, or mortgage loan department, etc.).

c.  Prepares and submits reports of examination and as circumstances dictate, coordinates joint and concurrent examination activities with federal and state examiner counterparts.

d.  Meets with institution officials and boards of directors to discuss the findings of the examination.

e.  Other:

1.  As requested, is responsible for developing recommendations for correction of weaknesses and deficiencies of financial operations, management, policies or other areas subject to criticism during the examination.

2.  Assists in on-the-job training of less experienced examiners.

3.  Performs other duties, as the needs of the dictate.

Salary from $47,000 to $64,000 annual; dependent on experience.

Nature of appointment:

Projected appointment date:  As soon as possible.

Civil service/exempt:  Exempt

Duration position needs to be filled:  Permanent

Education:  Graduation from an accredited college or university.  Coursework that included at least twelve (12) semester hours in accounting and/or auditing is highly desirable.

Experience:

Two years general experience in accounting or auditing.  Two years specialized professional experience which provided the position holder knowledge of the business operations of financial institutions.  Excess specialized experience may be substituted for the general experience requirement.

Excess specialized or financial institution examining experience which required the knowledge and application of generally accepted professional accounting and auditing principles, theory and practice for the purposes of examining the business operations of financial institutions may be substituted for the general experience requirement on a year-for-year basis.

Legislative experience which involved dealing with community issues and constituents is also highly desirable, as well as professional experience in the practice of law or in the interpretation and application of laws and rules which are applicable to financial institutions and which relate to consumer protection, civil rights, and other matters of public interest is preferred.

Quality of Experience:

Possession of the required amount of experience will not in itself be accepted as proof of qualification. The applicant’s overall experience must have been of such scope and responsibility as to conclusively demonstrate that the applicant has the ability to perform the duties of the position.

Applicant must be proficient in using the Microsoft office suite of tools.