Connecticut StateDepartment of Administrative Services

Principal Financial Examiner

Hybrid

Recruitment #220524-1160AR-001

Introduction



Are you a current employee of the Department of Banking? Are you interested in becoming a Principal Financial Examiner in the Financial Institutions division? If so, we encourage you to apply today!

The State of Connecticut, Department of Banking (DOB) is seeking a qualified individual for the position of Principal Financial Examiner. The Principal Financial Examiner will be assigned to the Financial Institutions Division to act as a working supervisor conducting examinations of greater than average difficulty and complexity of financial institutions under the Division's supervision, including banks and/or credit unions. This is a 40 hour per week, Monday through Friday position that is located at 260 Constitution Plaza, Hartford, CT.

The DOB is the primary state regulator for state-chartered banks and credit unions, securities, and consumer credit. Its mission is to protect users of financial services from unlawful or improper practices by ensuring regulated entities and individuals adhere to state banking, consumer credit and securities laws. The Department accomplishes this through regular, thorough, and cost-effective examinations of the entities it supervises. The Department also engages the public and other stakeholders through a variety of media platforms, educational outreach initiatives, and press communications.

*This salary range may increase effective July 1, 2022.

Selection Plan

To Apply:

  • In order to be considered for this job opening you must be a current State of CT employee of the agency listed above for at least six (6) months of full-time service or full-time equivalent service, absent any applicable collective bargaining language, and meet the Minimum Qualifications as listed on the job opening. You must specify your qualifications on your application.
  • The minimum experience and training requirements must be met by the close date on the job opening, unless otherwise specified.
  • Ensure that your application is complete and detailed before submitting it. In order to comply with Public Act 21-69, the State of Connecticut is no longer asking for resumes during the initial application process. You will not be able to make revisions once your application is submitted into the JobAps system.
  • All application materials must be received by the recruiting agency by the time specified on the job opening for the position for which you are applying. Late applications may not be submitted and will not be considered. Exceptions are rare and limited to documented events that incapacitate a candidate during the entire duration of the job posting time period. It is the candidate’s obligation and responsibility to request an exception and provide a legally recognized justification to accommodate such exception. Requests should be made to DAS.SHRM@ct.gov.
Important Information After You Apply:

  • This posting may require completion of additional referral questions (RQs). You can access these RQs via an email that will be sent to you after the posting's closing date or by visiting your JobAps Personal Status Board (Certification Questionnaires section). Your responses to these RQs must be submitted by the questionnaire's expiration date. Please regularly check your email and JobAps Personal Status Board for notifications. Please check your SPAM and/or Junk folders on a daily basis in the event an email provider places auto-notification emails in a user's spam.
  • Although applicants will receive correspondence via email, as a backup they are also encouraged to sign on to their Personal Status Board on a daily basis to monitor their status, view all emailed notices and complete tasks required in the recruitment process.
  • Note: At any point during the recruitment process, applicants may be required to submit additional documentation which support their qualification(s) for this position. These documents may include: a cover letter, resume, performance reviews, attendance records, supervisory references, licensure, etc., at the discretion of the hiring agency.
  • Interviews will be limited to candidates whose experience and training most closely meet the requirements of the position.
  • The immediate vacancy is listed above, however, applications to this recruitment may be used for future vacancies in this job class.
Connect With Us:

Due to the large volume of applications received, we are unable to provide confirmation of receipt or status during the recruitment process. Updates will be available through your JobAps portal account. Should you have any questions pertaining to this recruitment, please contact jennifer.neumann@ct.gov.

PURPOSE OF JOB CLASS (NATURE OF WORK)

In the Department of Banking, this class is accountable for acting as a working supervisor for other examiners in the most difficult, complex and sensitive examinations and investigations of the financial entities regulated by the Department of Banking.

EXAMPLES OF DUTIES

Conduct or assist in inquiries, investigations, and/or examinations of greater than average difficulty or complexity of domestic (federally insured banks, uninsured banks, trust banks) and international banks, credit unions, and other financial entities. Investigate consumer complaints regarding complex or specialized issues in the conduct and delivery of services by regulated entities as necessary. Review, analyze, and assess financial and operational documentation, including bank and financial statements and reports, loan files, investments, management policies, consumer complaints, risk management programs, advertising, licensing information and other records. Investigate, research, and document apparent violations of applicable laws and contraventions of policy. Interact and communicate with both industry as well as internally to review issues and findings. Write reports and communicate report findings to stakeholders in examination and applications processing. Collect and analyze information relating to the application review process including financial and operational documentation, compliance with statutes, etc. Analyze and assess financial institutions compliance with federal and state laws and regulations. Learn and utilize the elicense system, and the other federal agency examination systems used in conducting examinations. Explain laws and agency regulations to members of the general public. Respond to inquiries from consumers around entities regulated by the department. Lead other team members, manage workflow and assign tasks to less experienced staff. Provide feedback on training materials and standard operational documentation. Other related duties can be found here.

KNOWLEDGE, SKILL AND ABILITY

Considerable knowledge of the organization, operations and business practices of financial entities such as banks, credit unions, trust companies, broker-dealers, investment advisers, mortgage companies and other non-bank grantors of credit; considerable knowledge of statutes and regulations applicable to entities; considerable knowledge of principles and practices of accounting, auditing and finance; considerable knowledge of regulatory and investigative procedures and techniques; considerable oral and written communication skills; considerable interpersonal skills; some negotiation skill; ability to utilize computer software; some supervisory ability.

MINIMUM QUALIFICATIONS - GENERAL EXPERIENCE

Eight (8) years of experience in the regulation of financial entities or in accounting, auditing, banking or finance.
Note: Financial entities are defined as domestic and international banks, credit unions, broker-dealers, investment advisers, mortgage companies and consumer lenders.

MINIMUM QUALIFICATIONS - SPECIAL EXPERIENCE

One (1) year of the General Experience must have been in an advanced working level class performing the most difficult examinations and investigations of financial entities.
Note: For State Employees, this will be interpreted at 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 equaling 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, Accounting, Finance or closely related field may be substituted for one (1) additional year of the General Experience.
3. Licensure or certification as a Certified Public Accountant may be substituted for one (1) additional year of the General Experience.

PREFERRED QUALIFICATIONS

  • Experience conducting examinations of financial institutions.
  • Experience analyzing financial statements and loan files.
  • Experience leading and training a team in financial regulation.
  • Experience assessing management policies of financial institutions.
  • Experience reviewing risk management programs.

SPECIAL REQUIREMENTS

1. Incumbents in this class may be required to travel.
2. Incumbents in this class may be rquired to possess and retain a valid Motor Vehicle Operator's license.

Conclusion

AN AFFIRMATIVE ACTION/EQUAL OPPORTUNITY EMPLOYER

The State of Connecticut is an equal opportunity/affirmative action employer and strongly encourages the applications of women, minorities, and persons with disabilities.







The State of Connecticut is an Affirmative Action/Equal Opportunity Employer and strongly encourages the application of women, minorities and persons with disabilities.