FINANCIAL INSTITUTION EXAMINER 5

State of Nevada; Las Vegas (NV); On-site; USD 85,000 - 110,000; Full time

Benefits offered by this job

Health Insurance

Vacation

Sick Leave

Holidays

PERS Retirement

Deferred Compensation

No Nevada state income tax

Public Service Loan Forgiveness

Longevity Pay

Job summary

State of Nevada’s Department of Business and Industry seeks a Financial Institutions Examiner 5 in Las Vegas to lead examination programs, plan and prioritize exams, and verify compliance with state and federal laws. The role involves coordinating with regulators and management while supervising professional staff.

The ideal candidate will have a four-year degree in a relevant field and substantial examination experience, with oversight responsibilities and a focus on policy, budgeting, and

Qualifications

• Bachelor's degree in a related field plus four years of professional examination experience; or one year as a Financial Institutions Examiner IV in Nevada State service; or an equivalent combination of education and experience.

Responsibilities

• Review prior examinations and documents to develop an exam plan for each institution.
• Ensure compliance with licensing requirements for depository, trust, lending, collection, 1031 exchange and money transmission entities.
• Conduct entrance and exit meetings to discuss findings and verify facts with institution management.
• Evaluate internal and external audit procedures and financial condition to determine safety and soundness.
• Prepare reports detailing findings and recommendations and coordinate corrective actions as required.

Education

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

Job description

• No Nevada state income tax.

Job Summary

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.

Essential Qualifications

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.

Job Duties

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.

Knowledge, Skills, And Abilities

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.

Benefits Include

• Health Insurance: Medical, dental, life, and disability insurance programs for employees and their dependents/family are offered through the Public Employees’ Benefits Program (PEBP).
• Vacation: Accrual of three weeks of annual leave each year.
• Sick Leave: Accrual of three weeks of sick leave each year.
• Holidays: 12 paid holidays per year.
• Retirement: Participation in the Nevada Public Employees Retirement System (PERS). Employees do not contribute to Social Security but will contribute to PERS if their position is at 50% or more full-time equivalency. For more information on how PERS service may impact Social Security benefits, visit the SSA publication.
• Deferred Compensation: The State offers a voluntary Deferred Compensation Program.
• No Nevada state income tax.
• Public Service Loan Forgiveness: Eligible due to public sector employment.
• Longevity Payments Eligibility: Employees who have received a performance rating of “standard” or better and have completed eight (8) or more years of continuous service are eligible for longevity pay.

Additional benefits

Additional benefits may apply to employees covered under a Collective Bargaining Agreement (CBA), depending on their designated bargaining unit. For more information, visit the Labor Relations Unit (LRU).

For more details about your rights and responsibilities as a State of Nevada employee, please review the State of Nevada Employee Handbook (PDF).

• State Holidays The holiday schedule for State employees is established by the Legislature.

The Following Are Legal Holidays

January 1.............................................. New Year's Day

Third Monday in January.................. Martin Luther King, Jr.'s Birthday

Third Monday in February................ Washington’s Birthday

Last Monday in May........................... Memorial Day

June 19................................................ Juneteenth Day

July 4.................................................... Independence Day

First Monday in September.............. Labor Day

Last Friday in October....................... Nevada Day

November 11........................................ Veterans' Day

Fourth Thursday in November........ Thanksgiving Day

Friday following the Fourth Thursday in November...................... Family Day

December 25........................................ Christmas Day

When January 1, June 19, July 4, November 11, or December 25 falls on a Saturday, the preceding Friday is the observed legal holiday. If these days fall on Sunday, the following Monday is the observed holiday. Eligibility for holiday pay is covered by the provisions of NAC 284.255

The State of Nevada is an equal opportunity employer

The State of Nevada is an equal opportunity employer dedicated to building diverse, inclusive, and innovative work environments with employees who reflect our communities and enthusiastically serve them. All applicants are considered without regard to race, color, national origin, religion or belief, age, disability, sex, sexual orientation, gender identity or expression, pregnancy, domestic partnership, genetic information (GINA), or compensation and/or wages.