STATE OF CONNECTICUT EXECUTIVE BRANCH JOBS

Financial Examiner

Recruitment #231206-1158AR-001

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Introduction



The State of Connecticut, Department of Banking (DOB), is now accepting applications for two exciting Financial Examiner opportunities. 

What We Can Offer You:
  • NEW: A Platinum Healthcare Plan, the nation’s best for state employees and dependents, according to a report by Georgetown’s Center on Health Insurance Reform an article by Ellen Andrews, Ph.D., along with comprehensive benefit offerings
  • Retirement plan options
  • Generous paid time off, including 13 holidays
  • A culture that encourages work/life balance
  • Work for a Forbes top company: State of Connecticut Ranked One of the Best Employers of 2023 - State of CT Receives National Recognition for Offering Job Growth, Competitive Benefits, and Flexible Schedule
  • State of Connecticut is an eligible Public Service Loan Forgiveness employer, meaning you may be eligible to have qualifying student loans forgiven after 10 years of service.  Click here for more information.
Position Highlights:
  • Full time, 40 hours per week
  • First shift 
  • Hybrid-telework/in-office
  • Monday through Friday 
  • Location: 260 Constitution Plaza in Hartford, CT
The Role: 
The Financial Examiner position will:
  • Independently conduct routine and 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/or regulatory compliance by reviewing financial and operational practices, where documentation is complex and/or 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’s senior 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 
  • Work with prosecuting officials and testify in court or administrative hearings with regard to examinations and investigations
  • Perform related duties as required


Our Mission: As the primary state regulator for state-chartered banks and credit unions, securities, and consumer credit; Our 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.

Selection Plan

  • 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.
    • In order to receive educational credits toward qualification for this job posting, the institution must be accredited.  If the institution of higher learning is located outside of the U.S., you are responsible for providing documentation from a recognized USA accrediting service which specializes in determining foreign education equivalencies to the individual listed on this job posting. 
    • 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.
FOR ASSISTANCE IN APPLYING:
  • Please read or watch our Applicant Tips on How to Apply! 

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.
  • Candidates who are offered and accept a position with the State of Connecticut are bound by the State Code of Ethics for Public Officials and State Employees which is available at www.ct.gov/ethics.
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 Sharon McIntosh, at Sharon.McIntosh@ct.gov.

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PURPOSE OF JOB CLASS (NATURE OF WORK)

In the Department of Banking this class is accountable for independently performing a full range of tasks in the examination and investigation of financial entities regulated by the Department of Banking.

EXAMPLES OF DUTIES

  • Conducts or assists in the conduct of examinations and investigations of domestic and international banks, credit unions, broker-dealers, investment advisers, mortgage companies, consumer lenders and other financial entities; 
  • Assesses financial condition and/or regulatory compliance by reviewing financial and operational documentation, including financial statements and reports, loan files, investments, management policies, consumer complaints, risk management programs, advertising, licensing information and other records; 
  • Researches and documents apparent violations of applicable laws and contraventions of policy; 
  • Communicates with industry and department managers to review issues and findings; 
  • Assists in enforcement activities such as drafting subpoenas and interviewing witnesses; 
  • Provides guidance to public on industry regulatory requirements and business practices through consumer complaint resolution and outreach activities; 
  • Reviews and makes decisions on non-routine license and registration applications; 
  • Prepares exam and investigation reports and correspondence; 
  • May provide guidance to lower level staff regarding examining procedures and techniques; 
  • May work with prosecuting attorneys and testify with regard to examinations or investigations; 
  • Performs related duties as required.

KNOWLEDGE, SKILL AND ABILITY

  • Knowledge of 
    • the organization, operations and business practices of financial entities such as banks, credit unions, trust companies, broker-dealers, investment advisors, mortgage companies and other non-bank grantors of credit; 
    • principles and practices of accounting, auditing and finance; 
    • laws applicable to regulated entities; 
    • regulatory and investigative procedures and techniques; 
  • Ability to 
    • interpret and apply applicable statutes and regulations; 
    • utilize computer software;
  • Skills
    • oral and written communication skills; 
    • interpersonal skills. 

MINIMUM QUALIFICATIONS - GENERAL EXPERIENCE

Six (6) 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

Two (2) years of the General Experience must have been at the paraprofessional level.
NOTE: This experience is interpreted as work requiring the exercise of some independent judgment in the application of basic principles and practices of accounting, auditing, banking, finance or the regulation of financial entities.

MINIMUM QUALIFICATIONS - SUBSTITUTIONS ALLOWED

  • Successful completion of an Accounting Careers Trainee program approved by the Department of Administrative Services may be substituted for the General Experience and Special Experience.
  • Successful completion of a Connecticut Careers Trainee program approved by the Department of Administrative Services may be substituted for the General Experience and Special Experience.
  • 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.
  • A Master’s degree in business, accounting, finance or closely related field may be substituted for one (1) additional year of the General Experience.

PREFERRED QUALIFICATIONS

  • Experience working in or regulating the banking or consumer financial services industries
  • Experience with consumer financial protection laws
  • Experience conducting investigations or compliance audits
  • Experience communicating both verbally and in writing with all levels of an organization

SPECIAL REQUIREMENTS

  • Incumbents in this class may be required to travel.
  • 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.

ACKNOWLEDGEMENT

As defined by Sec. 5-196 of the Connecticut General Statutes, a job class is a position or group of positions that share general characteristics and are categorized under a single title for administrative purposes.  As such, a job class is not meant to be all-inclusive of every task and/or responsibility.




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