State of Connecticut Executive Branch

Banking Assistant Division Director (1137AR)

$53.96-$73.57 Hourly / $4,316.06-$5,885.33 BiWeekly /
$112,649.00-$153,607.00 Yearly

PURPOSE OF JOB CLASS (NATURE OF WORK)

In the Department of Banking, Financial Institutions or Consumer Credit Divisions this class is accountable for assisting the Division Director in administering the programs, activities, and operation of the Division.

SUPERVISION RECEIVED

Receives administrative direction from the Division Director.

SUPERVISION EXERCISED

Assists in directing management, professional, and support staff.

EXAMPLES OF DUTIES

  • Assists in directing staff and operations of division;
  • Coordinates, plans and manages examinations and related investigations of international and domestic banks, trust companies, credit unions, mortgage companies, consumer lenders and other regulated entities;
  • Assists in formulating program goals and objectives;
  • Develops or assists in development of related policy;
  • Interprets and administers pertinent laws;
  • Evaluates staff;
  • Prepares or assists in preparation of division budget;
  • Maintains contacts with individuals both within and outside of division who might impact program activities;
  • Recommends new or revised legislation and provides technical expertise in its drafting;
  • Coordinates scheduling and allocation of field examination staff;
  • Coordinates communications with field and in-house Examiners;
  • Coordinates, evaluates and updates a training program for field and in-house Examiners consisting of on-the-job training and formal education, including coordinating with federal regulatory education programs;
  • Plans, oversees and evaluates examinations and monitoring of assigned institutions, including reviewing exam and monitoring reports;
  • Assigns investigations of applications for new charters, mergers, charter conversions, branches, etc.;
  • Participates in termination and liquidation meetings;
  • Advises the Director, Commissioner and Deputy Commissioner on policy issues relating to assigned areas;
  • Acts as Director as needed;
  • May participate in examinations or investigations of a high degree of sensitivity or impact;
  • Performs related duties as required.

KNOWLEDGE, SKILL AND ABILITY

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

MINIMUM QUALIFICATIONS - GENERAL EXPERIENCE

Nine (9) years of professional experience in the management or regulation of international or domestic banks, credit unions, trust companies, mortgage companies and/or consumer lenders.

MINIMUM QUALIFICATIONS - SPECIAL EXPERIENCE

One (1) year of the General Experience must have been in a lead capacity over professional staff.

NOTE:  For state employees this experience is interpreted at the level of a Principal Financial Examiner.

MINIMUM QUALIFICATIONS - SUBSTITUTIONS ALLOWED

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

SPECIAL REQUIREMENTS

Incumbents in this class may be required to travel.

JOB CLASS DESIGNATION

Classified/Competitive

OCCUPATIONAL GROUP

(01)-Accounting/Auditing

BARGAINING UNIT

(16)-ADMIN & RESID (P-5)

EEO

(02)-Professional

SALARY INFORMATION

AR2 68

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 Assistant Division Director in Salary Group AR2 68 approved effective April 29, 2021. (Reviewed for content, revised to modernize format and add Acknowledgement section) Final No. 24-022

EFFECTIVE DATE

02/06/2024
CLASS: 1137AR; REV: 2/13/2024;