Department of Administrative Services

In the Department of Banking, Securities and Business Investments Division, this class is accountable for directing the programs and operations of the division.

Receives administrative direction from the Banking Commissioner or other administrative official of a higher grade.

Directs staff and operations of the division; coordinates, plans, and manages division activities; accomplishes staff results by communicating job expectations, planning, monitoring and appraising job results and evaluates staff; coaches counsels and disciplines employees enforcing policies and procedures and setting productivity standards; formulates, implements and evaluates program goals and objectives through pertinent business and operations information, identifying and evaluating industry trends and regulatory requirements; develops or assists in the development of related policy; interprets and administers pertinent laws; prepares or assists in the preparation of division budget; maintains contacts with individuals within and outside of the division who might impact on policy or program activities; administers the acceptance and processing of applications for registration of securities and investment agents; directs and coordinates the review of required documents and financial statements to determine qualifications and financial condition of applicants and registrants; supervises, coordinates, and reviews all examinations of broker-dealers and investment advisors; directs and coordinates the review of documents submitted for the registration of securities documents filed in accordance with the Connecticut Tender Offer Act; directs and coordinates investigations concerning violations of Federal law in these areas; convenes administrative hearings when required, in regard to the denial, suspension or revocation of registrations under the Securities and Business Opportunity laws and when required under the tender-offer laws; coordinates with other state and federal agencies in the investigation and prosecution of violators of the Connecticut Uniform Securities Act (CUSA); collaborates with various law enforcement agencies in the prosecution of individuals and/or entities that criminally violate sate and/or federal laws in the area of Securities and Business Opportunity laws; performs related duties as required.

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 accounting and auditing principles and practices, including the ability to understand financial statements; knowledge of investigatory techniques; considerable ability to implement organizational change and motivating teams; considerable interpersonal skills; considerable oral and written communication skills; considerable leadership ability.

Ten (10) years of professional experience in business, accounting, finance or public administration.

Two (2) years of the General Experience must have been in a capacity responsible for strategic business planning, organizational development, management development, and process improvement for a major program or division.

1. College training in Finance or related field 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 Administration, Accounting, or a closely related field may be substituted for one (1) additional year of the General Experience.