Connecticut StateDepartment of Administrative Services

Associate Financial Examiner

Hybrid

Recruitment #220728-1148AR-001

Introduction



Are you experienced in the regulation of financial entities or in accounting, auditing, banking or finance? Are you a current Department of Banking employee looking to grow your career within the agency? If so, this might be the opportunity for you!

The State of Connecticut Department of Banking (DOB) is now accepting applications from its qualified agency employees for the position of Associate Financial Examiner with two (2) openings located at 260 Constitution Plaza in Hartford, CT, with some remote work possible.

The Associate Financial Examiner will be assigned to the Consumer Credit Division to conduct examinations of greater than average difficulty and complexity of the financial entities regulated by the Consumer Credit division at the Department of Banking.

ABOUT US

The Connecticut Department of Banking 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.

DISCOVER THE OPPORTUNITY TO

  • Independently conduct non-routine examinations and investigations
  • Develop Risk Assessment Profiles and identify issues and trends
  • Independently conduct complex or specialized exams or portions of exams or investigations
  • Assess financial condition and regulatory compliance by reviewing financial and operational practices, where documentation is complex and deficient
  • Assess apparent violations of applicable laws and contraventions of policy, develop documentation to support findings, and recommend steps to address issues
  • Communicate with entity management to review issues and findings
  • Conduct enforcement activities such as drafting subpoenas, interviewing witnesses, assisting in negotiating settlement terms, and drafting compliance letters
  • Prepare exam and investigation reports and correspondence and train and lead less experienced examiners as assigned
  • May work with prosecuting officials and testify in court or administrative hearings with regard to examinations and investigations
POSITION HIGHLIGHTS

  • Monday - Friday
  • Full-time (40 hours per week)
  • First shift
WHAT WE CAN OFFER YOU

As a state employee, you would continue to be able to participate in our competitive benefits plan which includes health and dental insurance, a retirement plan, group life insurance, and other supplemental benefits. Paid time off is also offered, including 12 paid holidays per calendar year, in addition to vacation, sick and personal leave accruals. You would also continue to be part of a culture that encourages work-life balance.

Selection Plan

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.

To Apply:

  • In order to be considered for this job opening, you must meet the Minimum Qualifications as listed on this 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.
  • Please select all location(s) and shift(s) you are willing to work on your application. Failure to do so may result in not being considered for vacancies in that specific location or shift.
  • 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 Frank DeCusati at frank.decusati@ct.gov or 860-713-5176.

PURPOSE OF JOB CLASS (NATURE OF WORK)

In the Department of Banking, this class is accountable for conducting the most difficult assignments in the examination and investigation of the financial entities regulated by the Department of Banking.

EXAMPLES OF DUTIES

Independently conducts non-routine examinations and investigations of domestic and international banks, credit unions, broker-dealers, investment advisers, mortgage companies, consumer lenders and other financial entities; develops Risk Assessment Profiles and identifies issues and trends; as a member of a team, independently conducts complex or specialized portions of exams or investigations; assesses financial condition and/or regulatory compliance by reviewing financial and operational practices, where documentation is complex and/or deficient; investigates complex or high-impact complaints to resolution; assesses apparent violations of applicable laws and contraventions of policy, develops documentation to support findings and recommends steps to address issues; communicates with entity’s senior management to review issues and findings; conducts enforcement activities such as drafting subpoenas, interviewing witnesses, conducting depositions, assisting in negotiating settlement terms and drafting compliance letters; provides information and guidance to other examiners, industry and public on complex or specialized issues; prepares exam and investigation reports and correspondence; may train and/or lead less experienced examiners as assigned; may work with prosecuting officials and testifies in court or administrative hearings with regard to examinations and investigations; performs related duties as required.

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 and mortgage companies and other non-bank grantors of credit; considerable knowledge of statutes and regulations applicable to financial entities; considerable knowledge of principles and practices of accounting, auditing and finance; knowledge of regulatory and investigative procedures and techniques; oral and written communication skills; interpersonal skills; ability to utilize computer software.

MINIMUM QUALIFICATIONS - GENERAL EXPERIENCE

Seven (7) 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 advisors, mortgage companies and consumer lenders.

MINIMUM QUALIFICATIONS - SPECIAL EXPERIENCE

One (1) year of the General Experience must have been in a working level class independently performing a full range of tasks in the examination and investigation of financial entities.

Note: For State Employees, this will be interpreted at the level of 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 (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 investigations or compliance audits
  • Experience with consumer financial protection laws
  • Experience writing exam reports or investigative memorandums
  • Experience communicating, both verbal and written, with all levels of the organization

SPECIAL REQUIREMENTS

  1. Incumbents in this class may be required to travel.
  2. Incumbents in this class may be required 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.