- Hourly / - BiWeekly /
- Monthly / $73,541.00-$118,085.00 Yearly
A Financial Depository Examiner Supervisor is the supervisory level of financial examination work. Employees in this classification supervise the examination of accounts, records, consumer transactions and business practices of depository financial institutions (i.e., State chartered banks, trust companies and credit unions) primarily located at the business’ headquarters. Employees in this classification perform complete examinations designed to ensure that the financial institutions are in compliance with laws and regulations governing their operations or individual compliance reviews resulting from the receipt of consumer complaints. Employees in this classification supervise lower-level Financial Depository Examiners.
Employees in this classification receive general supervision from a higher-level manager or other designated administrator. The work may require travel throughout the State and in some instances the United States, including overnight travel.
Positions in this classification are evaluated by using the classification job evaluation methodology. The use of this method involves comparing the assigned duties and responsibilities of a position to the job criteria found in the Nature of Work and Examples of Work sections of the class specification.
The Financial Depository Examiner Supervisor is differentiated from the Financial Depository Examiner Lead and Financial Depository Examiner Advanced in that the Financial Depository Examiner Supervisor has supervisory responsibility for lower-level Financial Depository Examiners, while the Financial Depository Examiner Lead assigns, reviews and approves the work of and trains lower-level Financial Depository Examiners and the Financial Depository Examiner Advanced functions as the Examiner-in-Charge with full responsibility for the entire examination team.
Plans, coordinates, supervises, trains and evaluates the work of lower-level Financial Depository Examiners;
Provides technical expertise and training on topics related to the examination of financial institution’s records and operations, adequacy of management, quality of investments, systems and controls and other major aspects of the examinations and supervision;
Conducts examinations of institutions with complex issues, part of multi-bank holding companies or those institutions with critical problems in the State, to assess their safety and soundness and to monitor compliance with policies and procedures and applicable federal and State laws and regulations;
Evaluates the asset quality of the financial institution by reviewing loan files to determine the borrower’s capacity to pay and the institution’s underwriting credit administration practices;
Evaluates the financial institution by examining the accounts, records, consumer transactions and business practices of the institution in order to determine compliance with governing laws and regulations;
Reviews real estate appraisals for quality and conformance with internal policy and regulatory guidelines;
Reviews insider transactions and affiliate transactions for proper documentation and accounting treatment in accordance with current guidelines;
Reviews and analyzes the quality of the investment portfolio by identifying complex and unusual investments for credit quality, accounting accuracy and investment strategies;
Recognizes and reviews suitability of off-balance sheet activities;
Evaluates the institution’s capital position and related plans, earnings and budgetary process;
Evaluates the adequacy of the allowance for loan and lease losses, account liquidity position, funds management policies, appropriateness of funding strategies and sensitivity to market risk;
Reviews and evaluates the bank’s financial reporting practices and the adequacy of the Bank Secrecy Act (BSA) program;
Ensures that the Report of Examination contains an assessment of each CAMELS component (capital, asset quality, management, earnings, liquidity, and rate sensitivity), with adequate support, by reviewing or evaluating sections of the report for accuracy and completeness;
Prepares and reviews comments and recommendations for the institution’s Board of Directors and management regarding corrective actions;
Participates in formal training and self-study programs, including, but not limited to, Loan Analysis School, Examination Management School and two National Credit Union Association (NCUA) Core Training Level Courses;
Analyzes quarterly financial data using Uniform Bank Performance Report (UBPR) information to prepare comments on trends noted in the institutions;
Coordinates activities with other agencies [i.e., the Federal Reserve Board (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Association (NCUA), and the American Mutual Share Insurance (AMSI)] during joint or concurrent examinations;
May function as an Examiner-in-Charge and lead and coordinate the activities of an examination team;
May conduct pre-examination briefings with the financial institution’s senior management staff to discuss changes in management, new products and services, electronic banking, growth plans and the condition of the institution and local and national economy;
May conduct exit meetings with the financial institution’s senior management staff to discuss the examination’s findings, individual CAMELS components and provides recommendations for corrective actions;
May determine that the final examination report contains an assessment of each CAMELS component ratings;
May prepare the Examiner’s Comments and Conclusions in the Report of Examination;
May proof and edit each section of the Report of Examination to determine whether the comments are consistent with the overall assessment of the financial institution;
Performs other related duties.
Knowledge of laws and regulations governing banks, credit unions and related depository institutions chartered to operate in Maryland;
Knowledge of the theory, principles and practices of auditing and accounting;
Knowledge of lending policies and practices, loan underwriting procedures and credit administration practices;
Knowledge of relevant specialized software to produce reports of examination;
Knowledge of examination procedures and manuals produced by the following: the “Instruction for Consolidated Reports of Condition and Income”, the “Division of Supervision and Compliance (DSC) Manual of Examination Policies”, the “User’s Guide for the Uniform Bank Performance Report”, and the Federal Deposit Insurance Corporation (FDIC), Federal Reserve Board (FRB), and National Credit Union Administration (NCUA) Rules and Regulations;
Knowledge of business practices and procedures of depository institutions and trust companies;
Knowledge of computerized financial reporting and accounting systems in financial institutions;
Skill in planning and organizing resources necessary to complete the most complex examinations of financial institutions in the State;
Skill in directing, coordinating and reviewing the work of others, supervising large groups of examining personnel and organizing the work to produce numerous and diverse products in a timely manner;
Skill in the analysis of finance and accounting related to investments, loans and interest rate risk in order to conduct trend analyses, calculate financial ratios, analyze compliance with regulations, policies and procedures, assess investment strategies, note discrepancies and problems and ensure proper accounting procedures;
Skill in evaluating loans and loan relationships in order to assign an appropriate classification in accordance with guidelines;
Skill in using automated data processing information systems, personal computers and software related to examinations;
Ability to examine depository institutions which are part of multi-bank holding companies or that exhibit problem characteristics;
Ability to operate on a daily basis without significant supervision by the Assistant Commissioner, Director or other management officials;
Ability to meet and deal effectively with officials at high management levels in depository institutions;
Ability to communicate effectively;
Ability to interpret and apply governing laws, rules, regulations and procedures to specific situations;
Ability to evaluate the accuracy, adequacy and propriety of manual and computerized accounts and reports generated from financial transactions;
Ability to analyze records and develop specific information associated with the purpose of the examination;
Ability to prepare complete and accurate work papers and narrative reports;
Ability to establish and maintain effective working relationships with other examiners, agency staff, agency management personnel, representatives from the financial services industry, attorneys and federal officials.
Education: A Bachelor’s degree from an accredited college or university, including or supplemented by a total of 24 credit hours in business administration, finance, economics, law or accounting. These credit hours must include a minimum of 6 credit hours in either accounting or auditing.
Experience: Five years of experience examining the accounts, records and business practices of depository financial institutions or in examination, managerial or professional accounting or auditing work.
1. Applicants may substitute additional experience in examining the accounts, records and business practices of depository financial institutions or managerial or professional accounting or auditing work on a year for year basis for the required education.
2. Candidates may substitute the possession of a certificate as a Certified Public Accountant or a Master’s degree in business administration or accounting from an accredited college or university for one year of the required experience.
3. Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in logistics specialist classifications or administrative support specialty codes in the financial management or auditing fields of work on a year-for-year basis for the required education and experience.
Class specifications are broad descriptions covering groups of positions used by various State departments and agencies. Position descriptions maintained by the using department or agency specifically address the essential job functions of each position.
This is a Skilled Service classification in the State Personnel Management System. All positions in this classification are Skilled Service positions. Some positions in Skilled Service classifications may be designated Special Appointment in accordance with the State Personnel and Pensions Article, Section 6-405, Annotated Code of Maryland.
This classification is not assigned to a bargaining unit as indicated by the designation of S (supervisor), M (manager), T (agency head), U (Board or Commission member), W (student), X (Used by agency or excluded by executive order), or Z (confidential). As provided by State Personnel and Pensions Article, Section 3-102, special appointment, temporary, contractual, supervisory, managerial and confidential employees are excluded from collective bargaining. Additionally, certain executive branch agencies are exempt from collective bargaining and therefore, all positions in those agencies are excluded from collective bargaining.