State of Maryland

CHIEF, FINANCIAL EXAMINER (#003509)

- Hourly / - BiWeekly /
- Monthly / $54,257.00-$87,110.00 Yearly


GRADE

19

NATURE OF WORK

This is highly responsible administrative work involving the direction of examinations of systems, accounts, records, reports, practices and procedures among banks, buildings, savings and loan associations, credit unions, and secondary mortgage loan, currency exchanges and mortgage broker-mortgage banker licenses. The employee in this class serves as the Chief Examiner of the agency. The employee is responsible for determining the schedule of examinations and for the conduct of all examination assignments. The employee is responsible for the development or revision of standards for sounder examination procedures, including the development of new methods or techniques required by amended legislation affecting the banking or building, savings and loan industries. The employee may recommend legislation or regulations concerning fiscal practices within the industry. The employee may participate in examinations or investigations involving highly complex or controversial cases. The work requires coordination of examination assignments with the appropriate Federal Financial agencies and certified public accountants firms. The employee maintains contact with high level officials of the industry, mainly on non-routine fiscal matters. This employee is frequently called upon to advise high-level officials of the industry in regard to interpretations of State laws and regulations and industry practices.

The employee receives general direction from a Deputy Administrator. Work is performed with wide latitude of judgment and considerable authority.

The employee provides direction to all of the employees in the examination program.

EXAMPLES OF WORK

Assigns, supervises and evaluates the work of individual examiners and/or examination teams involved in the examination of records, accounts systems and practices of State chartered banks, credit unions, savings and loan associations, and licenses under the Secondary Mortgage Loan Law, the Currency Exchange Law and the Mortgage Broker-Mortgage Banker law;     

Advises industry representatives in regard to the various laws and regulations governing the aforementioned institutions and licenses;    

Coordinates examinations conducted jointly with the field examining staffs of Federal Deposit Insurance Corporation, the Federal Reserve System and the Federal Home Loan Bank Board;

Supervises investigations and surveys relating to applications for new charters, mergers, and new branch applications; Advises the industry in regard to proposed recapitalization programs;

Provides a continuing on the job training program for subordinates in the techniques, of examination, investigation, auditing and reporting;

Arranges for the participation of staff in educational programs offered by Federal regulatory authorities;

May also arrange seminars on topics of particular interest to agency personnel as well as ongoing agency participation in industry related educational programs;

Advises subordinate examiners in the handling of unusual transactions; Conducts periodic discussion with the examining staff for the purpose of providing guidance in the adoption of changes in examination policies and procedures;

Evaluates the priority of recommendations contained in reports of examination;

Prepares agenda and minutes of all supervisory hearings;

Maintains liaison with other State departments;

May recommend revision to laws, rules and regulations, policies, methods, and procedures in keeping with current theory and practices;

Drafts supervisory letters of transmittal to accompany reports of examination;

Prepares letters of reply to written complaints received from the public on those institutions subject to regulation by the agency;

Responsible for supervision of the office staff, including interviewing and hiring personnel and disciplinary measures;

Performs other necessary duties as required.

GENERAL REQUIREMENTS

Specific educational and experience requirements are set by the agency based on the essential job functions assigned to the position.

ACKNOWLEDGEMENTS

Class descriptions broadly define 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.

Date Established

Jul 1 1978 12:00AM

Approved By

Director, Division of Classification and Salary

CLASS: 003509; EST: 7/1/1978; REV: ;

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