Department of Administrative Services

Banking Director Of Financial Institutions Division (1136MP)

$56.93-$77.63 Hourly / $4,554.64-$6,210.39 BiWeekly /
$118,876.00-$162,091.00 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 the Commissioner, Deputy Commissioner or other administrative official of higher grade.

SUPERVISION EXERCISED

Administers programs and operations of division; directs all staff.

EXAMPLES OF DUTIES

  • Administers staff and operations of the division;
  • Coordinates, plans and manages division activities to ensure safety and soundness of regulated entities;
  • Formulates division goals, objectives, policies and procedures;
  • Designs and develops division programs and activities;
  • Interprets and administers statutes and regulations;
  • Determines appropriate staffing levels;
  • Prepares division budget;
  • Maintains contacts with individuals within and outside of division who impact on division activities;
  • Directs examination, monitoring and investigation of international and domestic banks, trust companies, credit unions and other regulated entities;
  • Recommends revisions to legislation and provides technical expertise in its drafting;
  • Oversees 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.;
  • Monitors 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;
  • Leads the recruitment and hiring of staff, including outreach, interview and selection;
  • Performs related duties as required.

KNOWLEDGE, SKILL AND ABILITY

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

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.

NOTE: For state employees this experience is interpreted at the level of a Banking Department Manager.

MINIMUM QUALIFICATIONS - SUBSTITUTIONS ALLOWED

  • College training in accounting, finance or a closely related field may be substituted for the General Experience on the basis of fifteen (15) semester hours equalling one-half (½) year of experience to a maximum of four (4) years for a Bachelor's degree.
  • A Master's degree in accounting, business, finance or a 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

ACKNOWLEDGEMENT

As defined by Sec. 5-196 of the Connecticut General Statutes, a job class is a position or group of positions that share general characteristics and are categorized under a single title for administrative purposes.  As such, a job class is not meant to be all-inclusive of every task and/or responsibility.

CANCELLATION CLAUSE

This replaces the existing specification for the class of Banking Director of Financial Institutions Division in Salary Group MP 70 approved effective December 12, 2003. (Revised to add Acknowledgement section and modify content) Final No. 22-007

EFFECTIVE DATE

04/22/2022

CLASS: 1136MP; EST: 9/26/1980; REV: 7/5/2022;