In the Department of Banking, this class is accountable for managing the staff and operations of a major sub-unit or regulatory program of a Division.
GUIDELINES FOR JOB CLASS USE
This class is used in one of two ways:
Within the Financial Institutions and the Securities and Business Investment Divisions, this class manages a major and/or large subunit responsible for examinations, investigations, and/or licensing and registration of regulated entities.
Within other department divisions, this class is used to manage day-to-day operations of one or more regulatory program(s), such as examinations, investigations, consumer services and/or licensing and registration of regulated entities. This class should be utilized in agency smaller divisions where there is no Assistant Division Director.
Receives administrative direction from a Division Director or other administrative official of higher grade.
Manages professional and other support staff of the unit.
EXAMPLES OF DUTIES
Manages staff and operations unit; coordinates, prioritizes, plans and manages examinations, investigations, licensing, consumer services and/or other regulatory programs; formulates goals and objectives; develops or assists in development of related policy; develops and recommends operating procedures; coaches and guides for improvement; oversees the ongoing development of staff by ensuring that skills are continuously enhanced; evaluates staff; interprets and provides guidance to staff on pertinent banking laws and regulations; recommends new or revised legislation; assesses the ability and performance of management and the compliance and soundness of regulated entities; assesses compliance and identifies violations of law of regulated entities; maintains a comprehensive understanding of the regulatory process; coordinates investigations of dishonest or unethical business practices and other violations of law; facilitates resolutions of consumer complaints; proposes and negotiates stipulation agreements; prepares civil or criminal referrals outlining alleged violation of law; reviews and makes recommendations of comprehensive reports of examination, investigation, consumer complaint and related activity; recommends disciplinary action against regulated entities as appropriate; coordinates joint exams or investigations with federal regulators and/or international regulatory agencies; attends meetings and maintains communication with officials of regulated entities regarding regulatory program and issues; oversees the review of mergers, acquisitions, conversions, and the licensing and registration of regulated entities; assists in preparation of program budget; implements initial training programs for new employees consisting of on-the-job training and formal education; performs related duties as required.
KNOWLEDGE, SKILL AND ABILITY
Considerable knowledge of and ability to apply management and LEAN principles and techniques; considerable knowledge of relevant state and federal laws and regulations; considerable knowledge of regulatory and investigative procedures and techniques; considerable knowledge of international regulatory standards; considerable knowledge of principles and practices of accounting and auditing; knowledge of the organization and operation of financial institutions and other entities operating under the supervision of the Department of Banking; considerable oral and written communication skills; considerable supervisory ability.
MINIMUM QUALIFICATIONS - GENERAL EXPERIENCE
Nine (9) years of professional experience involving one or more of the following areas: regulation of financial institutions or other entities regulated by the Department of Banking; accounting, auditing or finance work in financial institutions regulated by the Department of Banking.
MINIMUM QUALIFICATIONS - SPECIAL EXPERIENCE
Two (2) years of the General Experience must have been in advanced working/lead capacity over professional staff. For State Employees, this is interpreted to be at or above the level of Associate Financial Examiner.
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 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 a closely related field may be substituted for one (1) additional year of the General Experience.
Incumbents in this class may be required to travel.
(16)-ADMIN & RESID (P-5)
This replaces the existing specification for the class of Banking Department Manager in Salary Group MP 65 approved effective May 29, 2020. (Revised to change bargaining unit designation and Pay Plan) Action No. 21-013