Bank Examiner

Commonwealth of VA Careers; Richmond (VA); Remote; USD 51,000 - 72,000; Full time

Job summary

Bank Examiner (Remote in Virginia) seeks an analytical professional to evaluate state-chartered banks’ financial condition and compliance under Virginia laws. The role involves team-based examinations, on-site visits within the Commonwealth and travel up to 25%, with typical schedule four 10-hour days.

Primary responsibilities include analyzing statements, portfolios, capital adequacy, liquidity, asset quality, and internal controls; reviewing UBPRs and call reports; preparing analyses for

Responsibilities

• Analyze bookkeeping, financial statements, investment portfolios, capital, earnings, asset quality, liquidity, market risk sensitivity, and internal controls
• Review loan files and policies, commercial loan documentation, Uniform Bank Performance Reports (UBPR), and call reports
• Complete insider debt calculations, assessing ALLL/CECL, and participate in loan discussions
• Prepare financial and business analysis, research, schedules, and ratios to determine an institution's financial condition, solvency, and profitability
• Document work and draft examination comments for inclusion in final examination reports
• Review routine examination reports for accuracy and participate in the correction of inadequacies
• Communicate with staff at banks during examinations and make appropriate recommendations for resolving weaknesses identified during examinations
• Analyze trends in finance, general business conditions, and other related fields
• Complete BSA/AML assignments and acquire a general understanding of the BSA/AML specialty area
• Participate in professional development opportunities to advance knowledge of ever-changing financial institution laws and regulations
• Perform related work as required

Job description

Bank Examiner (Remote in Virginia)

Anticipated Salary Range: $51,418 - $72,000

The State Corporation Commissions (SCC) Bureau of Financial Institutions (BFI) seeks a Bank Examiner who has a passion for public service and protecting the public interest in Virginia by maintaining a safe, sound, and competitive financial services environment. A Bank Examiner participates in team-based examinations to assist in the evaluation of state-chartered banks financial condition and compliance with applicable laws and regulations. These examinations are typically conducted on-site at financial institutions within the Commonwealth of Virginia, which requires overnight travel up to 25% of the time. A Bank Examiner may reside anywhere in Virginia and generally works four 10-hour days Monday through Thursday, with the exception of holiday weeks or training classes. The SCC offers career growth and professional development opportunities including on-the-job training, certifications, and designations.

Essential Duties and Responsibilities

• Analyze bookkeeping, financial statements, investment portfolios, capital, earnings, asset quality, liquidity, market risk sensitivity, and internal controls
• Review loan files and policies, commercial loan documentation, Uniform Bank Performance Reports (UBPR), and call reports
• Complete insider debt calculations, assessing ALLL/CECL, and participate in loan discussions
• Prepare financial and business analysis, research, schedules, and ratios to determine an institutions financial condition, solvency, and profitability
• Document work and draft examination comments for inclusion in final examination reports
• Review routine examination reports for accuracy and participate in the correction of inadequacies
• Communicate with staff at banks during examinations and make appropriate recommendations for resolving weaknesses identified during examinations
• Analyze trends in finance, general business conditions, and other related fields
• Complete BSA/AML assignments and acquire a general understanding of the BSA/AML specialty area
• Participate in professional development opportunities to advance knowledge of ever-changing financial institution laws and regulations
• Perform related work as required