Financial Institution Examiner 5

State of Nevada; Las Vegas (NV); On-site; USD 60,000 - 80,000; Full time

Job summary

A government agency in Carson City is hiring a Financial Institutions Examiner 5 responsible for managing examination programs of financial institutions. The incumbent will analyze compliance with state and federal regulations, supervise staff, and prepare detailed reports on findings. A bachelor's degree in a relevant field and extensive experience in financial examinations are required. This role plays a critical part in ensuring the safety and soundness of various financial entities in Nevada.

Qualifications

• 4 years of experience in institutional examinations or equivalent.
• Experience managing examination programs.
• Ability to analyze financial data and regulatory compliance.

Responsibilities

• Manage and implement examination programs for financial institutions.
• Prepare comprehensive reports and ensure regulatory compliance.
• Supervise and train professional staff.

Skills

Knowledge of examination processes

Strong analytical skills

Supervisory techniques

Effective communication

Education

Bachelor's degree in business administration, accounting, economics, finance, or related

Job description

The Department of Business and Industry is recruiting to fill a Financial Institutions Examiner 5 position within the Financial Institutions Division in Las Vegas. This position is responsible for managing, developing, and implementing examination programs of financial institutions for the Division. The incumbent plans and prioritizes examinations to ensure timely completion and verifies licensee compliance with state and federal laws and regulations. The role involves participation in the Divisions' strategic planning, policy development, and budget formulation. The incumbent analyzes collected information and prepares comprehensive Reports of Examination in accordance with established policies and procedures. These reports, which must present clear and accurate factual findings, are delivered to institution management and board of directors. Additional responsibilities include encouraging and supporting employee suggestions for process improvements, coordinating team assignments and on-the-job training, and ensuring compliance with established procedures for data collection and analysis. The position also supervises, trains, and evaluates professional staff, including subordinate supervisors.

Bachelor's degree from an accredited college or university in business administration, accounting, economics, finance, or related discipline and four years of increasingly responsible professional experience in conducting institutional examinations; OR one year of experience as a Financial Institutions Examiner IV in Nevada State service; OR an equivalent combination of education and experience as described above.

Review an institution's prior examinations, correspondence and documents on file in order to become familiar with the nature of the institution and to develop an exam plan.

Ensure compliance with regulatory licensing requirements for various types of financial entities, including depository, trust, lending, collection, 1031 exchange, and money transmission entities.

Conduct entrance and exit meetings with management of the institution to answer questions regarding the examination, verify facts and discuss findings.

Review activities to ensure compliance with laws and regulations; evaluate internal and external audit procedures to ensure that adequate controls are in place; analyze the financial and operating condition of each institution to assist in the determination of the institution’s safe and sound operation and overall condition.

Analyze key safety and soundness components, ratios and trends; review adequacy of capital to assets and liabilities; determine the viability of loans and investments; evaluate the adequacy of management policy and procedures, earnings, and liquidity; determine market and interest rate sensitivity; examine interest rates and fees applied; verify cash, deposit and share account balances.

Prepare and/or assimilate and analyze reports prepared by assisting examiners and arrive at a conclusion regarding the overall condition of the institution; prepare final report detailing findings and recommendations; assist in coordinating appropriate corrective measures in accordance with established laws, regulations, policies and procedures. Review, investigate and process licenses for newly approved institutions and for institutions renewing their licenses; make recommendations for acceptance or denial; respond to informational inquiries and complaints from licensees and the general public; conduct follow-up investigations as necessary; and take enforcement actions as necessary or make referrals to the criminal division in the Attorney General’s Office if warranted.

Perform related duties as assigned.

Under administrative direction, incumbents are responsible for the management and implementation of examinations performed by a depository or non-depository team within the Division and/or a geographical area of the State. Incumbents are responsible for meeting program performance indicators and fiscal goals and objectives; coordinating and interfacing with federal regulatory partners such as the Federal Reserve, Federal Deposit Insurance Company (FDIC), National Credit Union Association (NCUA), Office of the Comptroller of the Currency (OCC); coordinating and interfacing with national regulatory associations such as the Conference of State Bank Supervisors (CSBS), the National Association of State Credit Union Supervisors (NASCUS), the National Association of Consumer Credit Administrators (NACCA), the North American Collection Agency Regulatory Association (NACARA), the Money Transmitter Regulators Association (MTRA); regulated industry representatives such as the American Bankers Association (ABA), Nevada Bankers Association (NBA), Nevada Credit Union League (NCUL), and the Nevada Credit Union Advisory Council (NCUAC). Incumbents are expected to perform the full range of duties as described in the series concept; however, the primary responsibility is the management, development, implementation and ongoing review of the examinations program. Positions allocated to this class train, supervise and evaluate the performance of professional staff including subordinate supervisors.

This job specification lists the major knowledge, skills and abilities of the job and is not all inclusive. Incumbent(s) will be expected to have knowledge, skills and abilities from a previous level.

Detailed knowledge of: depository or non-depository team functions and responsibilities.

Working knowledge of: supervisory techniques including selection, motivation, training, work assignment and review, employee evaluations, setting work performance standards, and discipline.

Ability to: manage program(s) relevant to assigned area(s) to achieve performance indicators and fiscal goals and objectives; plan, coordinate, and expedite work projects; provide presentations of complex ideas and information to senior managers, state officials, legislators, industry representatives and public forums; communicate and interact effectively with representatives of a broad variety of federal and State offices, associations and conferences; manage, develop, implement and continuously review the examination process and outcomes; ensure proper training of subordinate staff including both on-the-job training and formal training.

Recruiter Contact Information: Kara Carmonne- [e-mail]