Examiner-in-Charge (Financial/Credit Examiner III) - DORA: Division of Banking Hybrid

Job Title

SCA 2062

Job Description

The Division of Banking (DOB) within the Department of Regulatory Agencies (DORA) is responsible for the regulation of state chartered commercial banks, trust companies, and state licensed money transmitters; holds charter and license application hearings and issues rules and regulations affecting regulated institutions; conducts examinations of state chartered institutions and licensees; works closely with the Federal Reserve Bank and the Federal Deposit Insurance Corporation in the regulation of commercial banks and certain federally insured trust companies; and, is responsible for the enforcement of the Public Deposit Protection Act to protect public entity deposits held by state and national banks. The examinations unit exists to serve and protect the public interest by promoting a safe and sound financial institutions industry.

This position is responsible for regulating and reporting on the safety and soundness of trust companies and trust departments of banks by planning, organizing, and managing assigned examination personnel; supervises the preparation of the report of each examination; ensures the examination is thorough, complete, and places full responsibility of this activity on the assigned person. This position independently evaluates the adequacy, effectiveness, and the efficiency of the systems within a financial entity and the quality of ongoing operations. The position provides reasonable assurance that bank/trust company assets and fiduciary assets are safeguarded, information is timely and reliable, and that errors/violations are corrected promptly to safeguard the public interest.

Duties include, but are not limited to:

• Determining examination objectives/areas of review;
• Setting priorities that ensure the completion of the assigned task within the allotted time;
• Contributing to the development of subordinate staff by ensuring trainees receive assignments to further their professional development;
• Preparing and reviewing complex examination work papers ensuring that the depth of review by assigned staff is sufficient to accurately assess the institution's condition as well as support the examination ratings and conclusions reached in the written report;
• Providing interpretations of rules and regulations to examiners and institution management during the examination;
• Communicating examination findings with trust company and bank management and/or the board of directors;
• During the exit meeting, communicating overall conclusions and recommendations that support the preliminary examination rating;
• Addressing strengths and weaknesses noted and recommending corrective action when necessary and appropriate;
• Addressing management concerns and responding to the audience's questions;
• Interpreting banking/trust statutes, rules, policies, and procedures to ascertain the institution's compliance therewith, and citing violations of federal and state laws and regulations when appropriate;
• Interviewing and investigating all areas of the bank and trust company with employees and officers;
• Performing off-site monitoring on a caseload of commercial banks and trust companies each quarter.

Minimum Qualifications, Substitutions, Conditions of Employment & Appeal Rights

MINIMUM QUALIFICATIONS (MQs): There are two ways to qualify for this position: 1) Experience OR 2) A Combination of Education and Experience

Option 1: Experience Eight (8) years full-time professional* work experience in a financial institution, domestic state or federal commercial bank or trust company, and/or with a state or federal banking regulatory body; Of the eight (8) years of professional* work experience, at least one (1) year must include leading teams, including distributing and assigning work, ensuring timeliness, and accuracy of work performed, and being accountable for the work product of other team members.

Option 2: A Combination of Education AND Experience Graduation from an accredited college or university with an associate's degree in accounting, business administration, economics, finance, statistics, or a field of study related to the work assignment; AND Six (6) years full-time professional* work experience in a financial institution, domestic state or federal commercial bank or trust company, and/or with a state or federal banking regulatory body; Of the six (6) years of professional* work experience, at least one (1) year must include leading teams, including distributing and assigning work, ensuring timeliness, and accuracy of work performed, and being accountable for the work product of other team members.

OR Graduation from an accredited college or university with a bachelor's degree in an associate's degree in accounting, business administration, economics, finance, statistics, or a field of study related to the work assignment; AND Four (4) years full-time professional* work experience in a financial institution, domestic state or federal commercial bank or trust company, and/or with a state or federal banking regulatory body; Of the four (4) years of professional* work experience, at least one (1) year must include leading teams, including distributing and assigning work, ensuring timeliness, and accuracy of work performed, and being accountable for the work product of other team members.

Document this experience in your application IN DETAIL, as your experience will not be inferred or assumed. Part time experience will be prorated.

SUBSTITUTIONS: Partial credit toward the degree requirement will be given for completed college/university coursework that did not result in a degree. A master's or doctorate degree from an accredited college or university in a field of study related to the work assignment will substitute for the bachelor's degree requirement.

*Professional work involves exercising discretion, analytical skill, judgment, and personal accountability and responsibility for creating, developing, integrating, applying, and sharing an organized body of knowledge that characteristically is: uniquely acquired through an intense education or training regimen at a recognized college or university; equivalent to the curriculum requirements for a bachelor's or higher degree with major study in or pertinent to the specialized field; and continuously studied to explore, extend, and use additional discoveries, interpretations, and applications and to improve data, materials, equipment, applications, and methods.

Preferred Qualifications Demonstrated professional* experience working in a state government agency or in a banking/finance industry.

Demonstrated professional* experience working in a commercial banking or trust company environment performing risk management and/or examinations.

Demonstrated experience in interviewing and investigating all areas of the bank or trust companies with employees and officers.

Demonstrated experience in interpretation and application of the Non-depository Trust Company Rating System & Uniform Interagency Trust Rating System.

Trust experience including three (3) years as an examiner in charge of trust department and/or trust company examination.

Demonstrated professional* supervisory experience, including reviewing and evaluating work produced by subordinates to provide feedback and coaching when appropriate.

Certified Public Accountant (CPA), certified Anti Money Laundering (AML), and/or Certified Fiduciary and Investment Risk Specialist (CFIRS).

Required Competencies: The following knowledge, skills, abilities, and personal characteristics are required competencies and may be considered during the selection process (including examination and/or interview):

• Demonstrated written communication skills, including the ability to convey information to various stakeholders in a clear, accurate, and concise written manner;
• Demonstrated verbal communication skills, including the ability to effectively convey information to audiences in a concise manner;
• Demonstrated attention to detail;
• Demonstrated critical thinking and analytical skills, including having the ability to evaluate information in order to apply knowledge and to decide on the most appropriate course of action;
• Sound judgment and the confidence to make decisions on a routine basis;
• Demonstrated problem-solving skills, including the ability to review and analyze information in order to find solutions;
• Customer service skills, including the ability to maintain communication and work diplomatically with difficult customers;
• Demonstrated interpersonal skills, including the ability to collaborate and maintain relationships with various stakeholders and work as part of a team;
• Demonstrated creativity and flexibility, including the ability to adapt to shifting priorities and additional work assignments in a fast-paced work environment;
• Organizational skills, including prioritizing, planning, and time management in order to meet deadlines;
• Leadership skills, including the ability to effectively lead a team, delegate tasks, and cultivate a respectful and successful workplace environment;
• Demonstrated the ability to educate and train staff members, including explaining processes and procedures;
• Ability to represent the department and the Division of Banking in a positive, professional and objective manner, and support a positive workplace environment;
• Demonstrated ability to understand and abide by workplace principles, practices and behaviors as internally identified and defined by the division and department;
• Demonstrated ability to read, understand, interpret, apply, and explain laws, rules, policies, and procedures;
• Ability to travel independently, including work in-office, as required by business needs and scheduled by the supervisor;