Department of Administrative Services

Banking Director Of Securities And Business Investments Division (1155MP)

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

SUPERVISION RECEIVED

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

SUPERVISION EXERCISED

Directs the staff of the division.

EXAMPLES OF DUTIES

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.

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 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.

MINIMUM QUALIFICATIONS - GENERAL EXPERIENCE

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

MINIMUM QUALIFICATIONS - SPECIAL EXPERIENCE

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.

MINIMUM QUALIFICATIONS - SUBSTITUTIONS ALLOWED

  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.

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 Securities an Business Investments Division in Salary Group MP 70 approved effective April 8, 2011. (Revised to modify content, General and Special Experience)

EFFECTIVE DATE

3/18/2016

CLASS: 1155MP; EST: 4/15/1960; REV: 3/18/2016;