STATE OF CONNECTICUT EXECUTIVE BRANCH JOBS

Financial Examiner

00008916

Recruitment #171103-1158AR-001

Introduction

The Department of Banking is the primary state regulator for state chartered banks and credit unions, securities, and consumer credit.  It's mission is to protect users of financial services from unlawful or improper practices by ensuring that regulated entities and individuals adhere to state banking and securities laws  We accomplish this through regular, through, and cost-effective examinations of the entities we supervise.  The Department also engages the public and other stakeholders through a variety of media platforms, educational outreach initiatives, and press communications.  The Department is comprised of four operational divisions and three (3) support divisions to accomplish its mission objectives.  For more specific information about the divisions, please visit the About Us/Publication section of the Department's website to read the Annual Report of the Banking Commissioner (www.ct.gov/dob).

Our Consumer credit Division is seeking a Financial examiner to assist their team with the regulation of mortgage origination and servicing, collection agencies, money services businesses, consumer finance companies and student loan services.  We are located on Constitution Plaza in Hartford, Ct. although examiners may be required to travel throughout the state at least 75% of their workweek.  Occasional overnight travel may also be required.  The position is full-time, 40 hours per week between the hours of 8:00 a.m. and 5:00 p.m.

The Department offers vigorous training programs and ample opportunities to develop new skills through challenging assignments and on the job training.  Examiners who successfully complete their six-month probationary period are offered flexible schedule options, vacation and personal time.  Health benefits are available to employees the first month following the date of hire.

Please ensure that your application is complete and you have attached your Resume and Cover Letter.  You will be unable to make revisions once you submit your application into the JobAps system.  

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; assists in enforcement activities such as drafting subpoenas and interviewing witnesses; 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; performs related duties as required.

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-bank grantors of credit; knowledge of principles and practices of accounting, auditing and finance; some knowledge of laws applicable to regulated entities; some knowledge of regulatory and investigative procedures and techniques; ability to interpret and apply applicable statutes and regulations; oral and written communication skills; interpersonal skills; ability to utilize computer software.

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 or above the paraprofessional level.
Note: This will be 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

1. 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.
2. A Master’s degree in Business, Accounting, Finance or closely related field may be substituted for one (1) additional year of the General Experience.

SPECIAL REQUIREMENTS

1. Incumbents in this class may be required to travel.
2. Incumbents in this class may be required to possess and retain a valid Motor Vehicle Operator’s license.