Department of Administrative Services

Banking Director Of Financial Institutions Division (1136MP)

$50.59-$68.98 Hourly / $4,046.86-$5,518.05 BiWeekly /
$105,623.00-$144,021.00 Yearly


PURPOSE OF JOB CLASS (NATURE OF WORK)

In the Department of Banking, Financial Institutions Division, this class is accountable for administering the programs and operations of the division.

SUPERVISION RECEIVED

Receives executive direction from an executive or other administrative employee of higher grade.

SUPERVISION EXERCISED

Administers the programs and operations of the division; directs all staff.

EXAMPLES OF DUTIES

Plans and coordinates the management of staff, operations, and activities of the Financial Institutions Division to ensure the safety and soundness of regulated entities; directs the examination, monitoring, and investigation of international and domestic banks, trust companies, credit unions, and other regulated entities; formulates division goals, objectives, policies and procedures; designs and develops division programs and activities; determines appropriate staffing levels; prepares division budget; interprets and administers statutes and regulations; recommends revisions to legislation and provides technical expertise in its drafting; oversees the hiring, training, promotion, evaluation, and discipline of staff; coordinates examination program with federal regulators; closely monitors examinations and investigations of a high degree of sensitivity or impact; directs investigations of applications for new charters, mergers, charter conversions, branches, etc.; maintains contacts with individuals within and outside the division who impact on Division activities;monitors the operations of institutions experiencing financial difficulty; directs special investigations and coordinates with other regulatory agencies as needed; reviews reports to identify performance and trends of regulated institutions; conducts termination and liquidation meetings; advises the Commissioner and Deputy Commissioner on policy issues relating to assigned areas; performs related duties as required.

KNOWLEDGE, SKILL AND ABILITY

Considerable knowledge of and ability to apply management principles and techniques; considerable knowledge of relevant State and Federal laws, statutes and regulations; considerable knowledge of business practices including accounting and auditing of international and domestic banks, trust companies, credit unions and other regulated entities; considerable knowledge of staff training and education methods and techniques: considerable knowledge of procedures and techniques in examining and regulating financial institutions; considerable ability to evaluate and interpret financial institution trends, policies, and financial statements; ability to direct investigations; considerable interpersonal skills; considerable oral and written communication skills.

MINIMUM QUALIFICATIONS - GENERAL EXPERIENCE

Ten (10) years of professional experience in the management or regulation of international or domestic banks, credit unions and/or trust companies.

MINIMUM QUALIFICATIONS - SPECIAL EXPERIENCE

One (1) year of the General Experience must have been in a managerial capacity over a professional staff. For State Employees, this will be interpreted to be at or above the level of Banking Department Manager.

MINIMUM QUALIFICATIONS - SUBSTITUTIONS ALLOWED

  1. College training in accounting or finance or closely related field may be substituted for the General Experience on the basis of thirty (30) semester hours equalling one year of experience to a maximum of four (4) years for a Bachelor's degree.
  2. A Master's degree in accounting, business, finance or closely related field may be substituted for one (1) additional year of the General Experience.

JOB CLASS DESIGNATION

Classified/Competitive

OCCUPATIONAL GROUP

(01)-Accounting/Auditing

BARGAINING UNIT

(02)-MANAGERIAL

EEO

(1)-Officials And Administrators

SALARY INFORMATION

MP 70

CANCELLATION CLAUSE

This replaces the existing specification for the class of Banking Director of Examiniation Division in Salary Group MP 70 approved effective October 1, 1987. (Revised to modify content in conjunction with consolidation of Examination & Credit Union Divisions)

EFFECTIVE DATE

12/12/2003

CLASS: 1136MP; EST: 9/26/1980; REV: 12/12/2003;