FINANCIAL INSTITUTIONS EXAMINER 2

State of Nevada; Las Vegas (NV); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Health Insurance

Vacation

Sick Leave

Holidays

Retirement (PERS)

Deferred Compensation

No Nevada state income tax

Public Service Loan Forgiveness

Longevity Payments

Job summary

State of Nevada in Las Vegas is seeking a Financial Institutions Examiner 2 to conduct annual examinations of licensed financial entities, ensure safety and soundness, and prepare examination reports for review by senior staff. The examiner will train team members and ensure adherence to procedures while collecting and correlating information.

Under general supervision, the incumbent performs complex examinations, reviews licensing compliance, and coordinates corrective actions.

Qualifications

• Bachelor's degree in business administration, accounting, economics, finance, or related discipline with one year of professional audit/examination experience, or equivalent.
• One year of experience as a Financial Institutions Examiner I in Nevada State service, or equivalent combination of education and experience.

Responsibilities

• Review an institution's prior examinations and documents to develop an exam plan.
• Ensure compliance with licensing requirements for various financial entities.
• Conduct entrance and exit meetings with management to discuss findings and verify facts.
• Review activities to ensure compliance; evaluate internal audit procedures; analyze financial condition.
• Analyze safety and soundness components, capital adequacy, liquidity, and risk factors.
• Prepare final reports detailing findings; coordinate corrective actions as needed.
• Review, investigate, and process licenses for new and renewing institutions; respond to inquiries; take enforcement actions as necessary.
• Perform related duties as assigned.

Skills

Regulatory knowledge

Financial analysis

Auditing

Examinations

Education

Bachelor's degree in business/finance

Tools

Financial analysis software

Job description

• No Nevada state income tax.

Job Summary

The Department of Business and Industry is recruiting to fill a Financial Institutions Examiner 2 position within the Financial Institutions Division in Las Vegas. The incumbent conducts annual examinations of licensed depository and/or non-depository institutions to ensure safety and soundness and compliance with State and Federal laws and regulations; conducts exit meetings with licensees, explaining examination findings and providing recommendations for any violations of State and Federal laws and regulations; and prepares reports of examination and investigation reports for review by the Examiner 3 and/or Supervisory Examiner. The incumbent is responsible for training team members and ensuring adherence to established procedures for collecting and correlating information generated by the team.

Essential Qualifications

Bachelor's degree from an accredited college or university in business administration, accounting, economics, finance, or related discipline and one year of professional experience conducting audits and/or examining financial records and reports; OR one year of experience as a Financial Institutions Examiner I 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 general supervision, incumbents perform the full range of duties described in the series concept at the journey level. Duties are distinguished from the Financial Institutions Examiner I class by greater complexity and independence in performing job assignments.

Knowledge, Skills, And Abilities

• Working knowledge of: federal and State laws and regulations applicable to financial institutions sufficient to analyze facets of operations for safety, soundness and compliance; standard internal controls and security procedures; real estate appraisals; financial institutions examination policies and procedures; contemporary business structures; auditing theory, principles, and practices; financial, liquidity, and interest rate risk and ratio and trend analysis.
• Ability to: interpret and apply State and federal laws and regulations related to examinations.
• Skill in: the use of computer software commonly used in financial analysis.

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.

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 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