Risk Management Examiner I (Bank Supervision)

Commonwealth of Massachusetts; Boston (MA); On-site; USD 65,578 - 94,378; Full time

Benefits offered by this job

Hybrid Position with Remote Work Flexibility

Flexible Schedule

Generous Paid Leave

Retirement benefits

Training and Development Opportunities

Job summary

The Commonwealth of Massachusetts is hiring for the Risk Management Examiner I position in Boston. This hybrid role involves conducting financial examinations and assessing bank risk. Candidates should possess strong analytical skills and a background in finance.

The successful applicant will analyze financial statements, participate in risk examinations, and communicate findings to stakeholders. A competitive salary and benefits package, along with a supportive work environment, is offered.

Qualifications

• At least one year of experience in accounting, auditing, or bank examining work.
• Familiarity with BSA/AML, trust, or information technology.
• Strong analytical, multi-tasking, writing, and communication skills.

Responsibilities

• Participate in risk management examinations of state-chartered banks.
• Analyze financial statements and interview bank staff.
• Prepare sections of the Examination Report accurately and timely.

Skills

Analytical skills

Communication skills

Multi-tasking

Experience in commercial banking

Education

Background in accounting, business administration, finance, or related fields

Job description

An Official website of the Commonwealth of Massachusetts

Job Description

The Division of Banks is currently accepting applications for the Risk Management Examiner I position in the Depository Institution Supervision – Bank Risk Management Examinations Unit. This role will conduct financial safety and soundness examinations in Massachusetts state‑chartered banks.

About the Division

The Division of Banks maintains public confidence in Massachusetts financial institutions through oversight of state‑chartered banks, credit unions, and other entities. Employees support compliance, consumer protection, and financial literacy education.

Responsibilities

• Participate in risk management examinations of state‑chartered banks, reviewing financial records and meeting with bank staff.
• Analyze financial statements, policies, and procedures; interview bank or credit union staff.
• Assist in the analysis of financial institutions by reviewing documents and reports, performing data analysis, and assessing internal controls and solvency.
• Analyze quarterly financial condition reports, balance sheets and income statements; determine the impact of loan and investment portfolios on financial condition.
• Prepare sections of the Examination Report and detailed work papers accurately and timely.
• Communicate findings with internal and external stakeholders, both orally and in writing.
• Participate in team examinations, formal and on‑the‑job training.

Expected Benefits & Work/Life Balance

• Hybrid Position: Remote work flexibility; on‑site at a Division office, regulated entity, or training at least once per pay period.
• Flexible Schedule: Choose flexible start/end times and a compressed work schedule with every other Friday off.
• Paid Leave: Generous paid leave and competitive state holiday schedule.
• Retirement: Participation in the Commonwealth’s State Employee Retirement System.
• Training and Development: Agency‑wide training, tuition remission at Massachusetts public colleges and universities.

Union & Salary

The Examiner position is a union role in the National Association of Government Employees (NAGE) Unit 6 and is covered by the union contract and benefits. The Division offers a competitive starting salary of $73 000 (Grade 10); salary placement can range up to $84 000 based on experience.

Qualifications

• At least one year of full‑time professional experience in accounting, auditing, or bank examining work, or an equivalent combination of experience and education.
• Experience in commercial banking or credit unions; accounting, auditing or consulting in the financial services industries.
• Familiarity with BSA/AML, trust, or information technology.
• Strong analytical, multi‑tasking, writing, and communication skills.
• Willing and able to travel throughout Massachusetts and out‑of‑state with partial overnight stays; driver’s license and vehicle recommended.
• Preferred: academic background in accounting, business administration, banking, finance, economics, or related fields; certifications in banking regulation.

To Apply

First consideration will be given to those applicants that apply within the first 14 days.

Equal Opportunity Statement

Equal Opportunity / Aff­irmative Action Employer. Females, minorities, veterans, and persons with disabilities are strongly encouraged to apply.

The Commonwealth is an Equal Opportunity Employer and does not discriminate on the basis of race, religion, color, sex, gender identity or expression, sexual orientation, age, disability, national origin, veteran status, or any other basis covered by appropriate law.

Administrative Details

Official Title: Bank Examiner I

Primary Location: (state offices) – details omitted for brevity.

Agency: Division of Banks

Schedule: Full‑time

Shift: Day

Number of Openings: 2

Salary: 65,578.50 – 94,378.44 yearly

Bargaining Unit: 06‑NAGE – Professional Admin.

Contact

If you have Diversity, Aff­irmative Action or Equal Employment Opportunity questions or need a reasonable accommodation, please contact Diversity Officer / ADA Coordinator: Jennifer DeWitt – 617‑956‑1549.