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Bank and Credit Examiner

Date Posted:  Nov 17, 2023
Requisition ID:  431994

Indianapolis, IN, US, 46204


Work for Indiana

Grow your career with the State of Indiana! With more than 50 executive branch agencies, the State of Indiana is a diverse workforce offering employees stimulating and challenging projects across a broad scope of career opportunities. As a State of Indiana employee, you impact the well-being of Indiana’s communities every day.


At the State of Indiana, we don’t just talk about diversity and inclusion – Our goal is to create a welcoming, accessible, and equitable workplace, with a workforce that is representative of the State of Indiana population. As a proud equal opportunity employer, reasonable accommodations may be available to enable individuals with disabilities to interview and to perform the essential functions of a role.


Next Level benefits at the State of Indiana are here! Be sure to review our expanded benefit package offerings below.


About the Department of Financial Institutions:

The Indiana Department of Financial Institutions (DFI) works to promote growth and prosperity of local Indiana communities through effective and common-sense regulation.


The DFI is seeking qualified candidates to work in a dynamic and high-performing environment, with a well-identified career path and significant opportunities to progress throughout the organization. Bank / Credit Union Division examiners are charged with the following at state-chartered financial institutions:


  • Analyzing financial performance.
  • Identifying pertinent financial, operational, and regulatory risks.
  • Assessing risk management and risk mitigation practices.
  • Collaborating with CEOs, CFOs, and Board members, and individuals from the Federal Reserve Bank, the National Credit Union Association, and the Federal Deposit Insurance Corporation.
  • Traveling throughout the state of Indiana to assess state-chartered financial institutions.


The DFI is looking for individuals with the following skills in the following areas:


  • Financial analysis
  • Credit risk assessment
  • Problem solving
  • Financial institution operations.
  • Most importantly, the DFI is looking for individuals who want to make a difference in the health of the State financial system.



Salary will be determined based on the individual’s job and educational-related experience. The starting examiner salary for an individual with no or limited relatable financial assessment, banking, or examination experience is $53,222, with a potential opportunity for upward adjustment based on the relevant experience and skillset of the applicant. Senior examiner positions can exceed $80,000 based on experience and abilities. The Department utilizes eight different examiner-level classifications based on experience and skills retained, providing ample promotional opportunities dependent on performance.


Role Overview:

The position will assist in examining the safety and soundness of Indiana’s state-chartered banks and credit unions, including assessing bank and credit union financial performance, inherent risk levels, and risk management practices. This role will focus on ensuring financial institutions are operated safely and soundly to protect consumers against the loss of their deposits and promote a strong Indiana economy. Examiners will work in a dynamic and rapidly evolving environment, assessing individual financial institution risk in a changing economic landscape.


As a bank or credit union examiner, you will be responsible for working individually and collectively to perform a variety of examination-related tasks to determine a financial institution’s solvency and compliance with state laws and regulations. You will develop and execute examination plans, building upon information gathered during off-site surveillance activities and programs. You will serve as an Examiner-In-Charge of a variety of financial institutions, working directly with bank and credit union senior management teams and Boards of Directors. The position will work collaboratively with FDIC and Federal Reserve Bank examiners.


The position will require some travel (including some overnight travel), primarily in Indiana


A Day in the Life:

The essential functions of this role are as follows:

  • Perform various examinations that are conducted on institutions of large size and complexity. 
  • Serve as an Examiner-In-Charge (EIC) of Safety and Soundness examinations for institutions of the largest size and complexity, and those exhibiting financial or operating weakness. 
  • Submit examination plans that recognize the condition and risk profile of the institution.
  • Oversee examination staff to affirm the appropriateness of scope and assure that established examination procedures are followed.
  • Submit timely Reports of Examination that are analytically correct, void of major errors, and contain minimal errors. 
  • Make accurate ratings determinations and develop corrective programs with assistance.
  • Develop loan review samples consistent with department goals of identifying credit risks.
  • Serve as the Central Point of Contact (CPC) for the most complex institutions. Recognize and analyze risk and trends in institutions through effective use of off-site monitoring tools, on-site examinations, and communication with other DFI staff, federal regulators, and institution management. 
  • Coordinate on-site visitations at necessary intervals with supervisory approval or direction and attend board/management exit meetings as necessary. 
  • Perform all examination and assign appropriate Capital Adequacy, Asset Quality, Management, Earnings, Liquidity and Sensitivity to Interest Rate Risk (CAMELS) ratings
  • Perform asset quality reviews by analyzing the loan portfolios in complex institutions and demonstrate the ability to assign accurate credit risk assessments with decreasing levels of assistance.  Further, evaluate credit risk management systems and adjust the examination scope accordingly.
  • Use Examination Tools Suite (ETS) to develop loan review samples consistent with department goals of identifying credit risks. 

Consumer Credit/Bank Compliance: 

  • Perform various examination duties related to regulatory compliance with state and federal consumer credit laws and regulations. 
  • Conduct examinations on the following types of entities with a focus on the most complex State Chartered Depository Institutions, Licensed Lenders, Licensed Small Lenders, Non-Lenders, Rental Purchase Registrants, Pawnbrokers, Debt Management Companies, Check Cashers, Civil Proceeding Advance Payment Providers, First and Subordinate Lien Mortgage Lenders, and Money Transmitter Licensees. 
  • Serve as an Examiner-In-Charge (EIC) to evaluate the degree of compliance with governing statutes and regulations.  
  • Serve as a Subject Matter Expert (SME) regarding statutes and examination procedures germane to the types of examinations being conducted.
  • Prepare examination reports of findings that are accurate, pertinent, and comply with Department policies and procedures. Hold meetings with officers and managers to discuss these findings. 
  • Assist in bringing the organization into full compliance with laws and regulations and recommend procedures to maintain compliance. 
  • Review work produced by other staff in a timely manner and provide effective feedback to less tenured examiners. 
  • Understand and interpret state laws and regulations concerning financial institutions such as the Indiana Uniform Consumer Credit Code and Title 28.

The job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee. Other duties, responsibilities, and activities may change or be assigned at any time with or without notice. 

What You'll Need for Success:

You must meet the following requirements to be considered for employment: 

  • Ability to complete the Agency specific training programs.
  • Broad knowledge of computer applications, including examination software, internal DFI software, and external computer applications used to research, gather, and analyze examination activities. 
  • Broad knowledge of principles and theories related to accounting and banking, bank holding companies and bank branching.
  • Ability to conduct and prepare examination reports.
  • Ability to identify, apply and interpret laws, regulations, and policies applicable to assigned areas, as well as examination policies and procedures including training less experienced examiners.
  • Ability to analyze and interpret data and records.
  • Ability to communicate effectively, both orally and in writing.
  • Ability to exercise both tact and persuasion in dealing with institution managers and staff.
  • Ability to travel across or within a specified region of the State based on the job assignment.
  • At the Depository Division - Ability to use Examination Tools Suite (ETS) to develop loan review samples consistent with department goals of identifying credit risks. 
  • Bachelor's Degree in Accounting, Finance, or related area
    • Substitution: Academic training plus comparable work experience may substitute for a bachelor’s degree where appropriate.

Supervisory Responsibilities/Direct Reports:

This role may be utilized in a supervisory capacity based on agency needs.

Benefits of Employment with the State of Indiana:

The State of Indiana offers a comprehensive benefits package for full-time employees which includes: 

  • Three (3) medical plan options (including RX coverage) as well as vision and dental plans.
  • Wellness Rewards Program: Complete wellness activities to earn gift card rewards.
  • Health savings account, which includes bi-weekly state contribution.
  • Flexible work scheduling options, including the potential for hybrid remote work for employees whose work may be performed outside state facilities.
  • Deferred compensation 457B account (like 401k plan) with employer match.
  • Two (2) fully funded pension plan options
  • A robust, comprehensive program of leave policies covering a variety of employee needs, including but not limited to:
    • 150 hours of paid new parent leave.
    • Up to 15 hours of paid community service leave
  • Combined 180 hours of paid vacation, personal, and sick leave time off.
  • 12 paid holidays, 14 on election years
  • Education Reimbursement Program
  • Group life insurance
  • Referral Bonus program
  • Employee assistance program that allows for covered behavioral health visits.
  • Qualified employer for the Public Service Loan Forgiveness Program
  • Free Parking for most positions
  • Free LinkedIn Learning access


Equal Employment Opportunity:

The State of Indiana is an Equal Opportunity Employer and is committed to recruiting, selecting, developing, and promoting employees based on individual ability and job performance. Our policy is to provide equal employment opportunity to all people in all aspects of employer-employee relations without discrimination because of race, color, creed, religion, sex, national origin, ancestry, age, sexual orientation, gender identity, physical or mental disability, or veteran status. We will comply with the spirit as well as the letter of all applicable state and federal laws. 


If you are a qualified individual with a disability and require a reasonable accommodation in completing this application, you can request assistance by contacting the Indiana State Personnel Department at [email protected].


The State of Indiana has established a culture that welcomes equity, inclusion, and opportunity for all employees and applicants. We encourage you to apply if you feel you have the transferrable skills to be successful in this position and we look forward to reviewing your application.



Current Employee? Click here to apply.

Nearest Major Market: Indianapolis