Financial Examiner

State of Connecticut - Department of Banking; Hartford (CT); Hybrid; USD 75,000 - 110,000; Full time

Benefits offered by this job

Professional growth

Healthy work/life balance

Job summary

The State of Connecticut Department of Banking seeks a Financial Examiner in Hartford, CT, to conduct examinations of financial entities and review regulatory compliance across banks and credit unions.

You will perform inquiries, analyze financial statements, and prepare detailed reports for stakeholders. The role offers a hybrid schedule (in-office and telework) and supports consumer protection and financial supervision.

Qualifications

• Six (6) years of experience in the regulation of financial entities or in accounting, auditing, banking or finance.
• Two (2) years of the General Experience must have been at the paraprofessional level.
• Substitutions allowed include Accounting/Career Trainee programs, and college credit substitutions for experience.

Responsibilities

• Conduct or assist in examinations and investigations of banks, credit unions, broker-dealers, investment advisers, mortgage companies, consumer lenders and other financial entities.
• Review financial statements, loan files, investments, management policies, consumer complaints, risk management programs, advertising and licensing information.
• Investigate, research and document apparent violations of laws and policy; communicate findings to stakeholders.

Skills

Regulatory exams

Financial analysis

Auditing

Communication skills

Risk management

Education

Bachelor's degree in accounting/finance

Tools

e-license system

Examination systems

Regulatory software

Job description

Introduction

The State of Connecticut Department of Banking (DOB) is now accepting applications for a Financial Examiner opportunity in Hartford, CT!

What We Can Offer You

• Professional growth and development opportunities.
• A healthy work/life balance to all employees.

The Role

The Financial Examiner position will conduct examinations of greater than average difficulty and complexity of the financial entities regulated by the Financial Institution Division at the Department of Banking.

The selected candidate will:

• Conduct or assist in inquiries, investigations, and/or examinations of state-charted institutions including but not limited to: traditional banks, innovation banks, trust banks, and credit unions
• Investigate consumer complaints regarding complex or specialized issues in the conduct and delivery of services by regulated entities as necessary
• Review, analyze, and assess financial and operational documentation, including bank and financial statements and reports, loan files, investments, management policies, consumer complaints, risk management programs, advertising, licensing information, and other records
• Investigate, research, and document apparent violations of applicable laws and contraventions of policy
• Interact and communicate with both industry as well as internally to review issues and findings
• Write reports and communicate report findings to stakeholders in examination and application processing
• Collect and analyze information relating to the application review process including financial and operational documentation, compliance with statutes, etc.
• Analyze and assess financial institutions' compliance with federal and state laws and regulations
• Learn and utilize the e-license system, and the other federal agency examination systems used in conducting examinations

Position Highlights

• Monday - Friday
• Full-time (40 hours per week)
• First shift
• Location: 280 Trumbull Street, Hartford, CT
• A hybrid schedule (combination of in-office and telework) will be available based on business needs, in accordance with the Telework Policy

Our Mission

At the Department of Banking, our mission is to protect users of financial services from unlawful or improper practices by ensuring regulated entities and individuals adhere to state banking, consumer credit and securities laws. The Department accomplishes this through regular, thorough, and cost-effective examinations of the entities it supervises. The Department also engages the public and other stakeholders through a variety of media platforms, educational outreach initiatives, and press communications.

Purpose of Job Class (Nature of Work)

In the Department of Banking this class is accountable for independently performing a full range of tasks in the examination and investigation of financial entities regulated by the Department of Banking.

Examples of Duties

• Conducts or assists in the conduct of examinations and investigations of domestic and international banks, credit unions, broker-dealers, investment advisers, mortgage companies, consumer lenders and other financial entities;
• Assesses financial condition and/or regulatory compliance by reviewing financial and operational documentation, including financial statements and reports, loan files, investments, management policies, consumer complaints, risk management programs, advertising, licensing information and other records;
• Researches and documents apparent violations of applicable laws and contraventions of policy;
• Communicates with industry and department managers to review issues and findings;
• Provides guidance to public on industry regulatory requirements and business practices through consumer complaint resolution and outreach activities;
• Reviews and makes decisions on non-routine license and registration applications;
• Prepares exam and investigation reports and correspondence;
• May provide guidance to lower level staff regarding examining procedures and techniques;
• May work with prosecuting attorneys and testify with regard to examinations or investigations;
• Other related duties can be found here.

Knowledge, Skill and Ability

• Knowledge of the organization, operations and business practices of financial entities such as banks, credit unions, trust companies, broker-dealers, investment advisors, mortgage companies and other non-bank grantors of credit;
• principles and practices of accounting, auditing and finance;
• laws applicable to regulated entities;
• regulatory and investigative procedures and techniques;
• Ability to interpret and apply applicable statutes and regulations;
• utilize computer software;
• oral and written communication skills;
• interpersonal skills.

Minimum Qualifications – General Experience

Six (6) years of experience in the regulation of financial entities or in accounting, auditing, banking or finance.

NOTE: Financial entities are defined as domestic and international banks, credit unions, broker-dealers, investment advisors, mortgage companies and consumer lenders.

Minimum Qualifications – Special Experience

Two (2) years of the General Experience must have been at the paraprofessional level.

NOTE: This experience is interpreted as work requiring the exercise of some independent judgment in the application of basic principles and practices of accounting, auditing, banking, finance or the regulation of financial entities.

Minimum Qualifications – Substitutions Allowed

• Successful completion of an Accounting Careers Trainee program approved by the Department of Administrative Services may be substituted for the General Experience and Special Experience.
• Successful completion of a Connecticut Careers Trainee program approved by the Department of Administrative Services may be substituted for the General Experience and Special Experience.
• College training may be substituted for the General Experience on the basis of fifteen (15) semester hours equalling one-half (1/2) year of experience to a maximum of four (4) years for a Bachelor’s degree.
• A Master’s degree in business, accounting, finance or closely related field may be substituted for one (1) additional year of the General Experience.

Preferred Qualifications

• Experience conducting examinations of financial entities regulated by the Department of Banking.
• Experience analyzing financial statements & loan files of entities regulated by the Department of Banking.
• Experience collaborating with teams involved in financial regulation, supervision, or compliance oversight.
• Experience assessing the management policies, internal controls, and governance practices of entities regulated by the Department of Banking.
• Experience evaluating risk management programs of financial institutions regulated by the Department of Banking, including assessment of financial, operational, and compliance risks.

Special Requirements

• Incumbents in this class may be required to travel.
• Incumbents in this class may be required to possess and retain a valid Motor Vehicle Operator’s license.

Conclusion

AN AFFIRMATIVE ACTION/EQUAL OPPORTUNITY EMPLOYER

The State of Connecticut is an equal opportunity/affirmative action employer and strongly encourages the applications of women, minorities, and persons with disabilities.

NOTE: This position will be filled in accordance with contractual language, reemployment, SEBAC, transfer, promotion and merit employment rules.

Candidates who are offered and accept a position with the State of Connecticut are bound by the State Code of Ethics for Public Officials and State employees, available at www.ct.gov/ethics.

Note: The immediate vacancy is listed above, applications may be used for future vacancies in this job class.

This employer may participate in E‑Verify and will provide the federal government with your Form I‑9 information to confirm work authorization.

Acknowledgement

As defined by Sec. 5-196 of the Connecticut General Statutes, a job class is a position or group of positions that share general characteristics and are categorized under a single title for administrative purposes. As such, a job class is not meant to be all-inclusive of every task and/or responsibility.