Financial Examiner #261029-1158AR-001

State of Connecticut; Hartford (CT); Hybrid; USD 70,000 - 110,000; Full time

Job summary

State of Connecticut Department of Banking in Hartford, CT, seeks a Financial Examiner to perform examinations of financial entities with a focus on complex regulatory compliance. The role involves reviewing bank and credit union documentation, investigating potential violations, and communicating findings to stakeholders.

The selected candidate will work a hybrid schedule (in-office and telework) with standard full-time hours, located at 280 Trumbull Street, Hartford.

Qualifications

• Six (6) years in regulation of financial entities or accounting, auditing, banking or finance.
• Two (2) years at paraprofessional level.
• Substitutions: Accounting CT/DA programs or CT Careers Trainee programs; college hours; master's degree substitutions.

Responsibilities

• Conduct or assist in examinations and investigations of domestic banks, credit unions, and other financial entities.
• Review financial statements, loan files, investments, management policies, and reports.
• Investigate apparent violations of applicable laws and policies.
• Prepare exam reports and communicate findings to stakeholders.
• Interact with industry and department managers to review issues and findings.

Skills

Banking knowledge

Accounting/auditing

Communication skills

Interpersonal skills

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

• Visit our new State Employee Benefits Overview page!
• 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-banking 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;
• Skills
  • 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.

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.

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.