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Financial Examiner 4: Bank Division

Date Posted: 
Requisition ID:  5175
Location: 

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.

 

About The Department of Financial Institutions

The Department of Financial Institutions was created by the Indiana Financial Institutions Act of 1933, which commissioned the Department with the responsibility for supervising commercial banks, trust companies, private banks, savings banks, building and loan associations, credit unions, and finance companies incorporated under the laws of the State of Indiana. The Department’s scope of regulatory responsibilities has since been broadened to include supervision of pawnbrokers, licensees under the Uniform Consumer Credit Code, licensees under the Indiana Small Loan Act, industrial loan and investment companies, money transmitters, check cashers, budget service companies, and rental-purchase agreement companies.

 

This position traditionally starts at an annual salary of $46,332. Salary for this position may be commensurate with education and job experience.

About the Job:

In Financial Examiner 4 – Bank Division role, you will assist in examining the safety and soundness of financial institutions, including assessing financial performance, inherent risk levels, and risk management practices in certain examination functions. You will initially work in a mentee capacity while training and assisting on examination process, and throughout the course of the position work to perform examination functions independently with the goal of serving as Examiner-in-Charge. You will travel (including some overnight travel) to entities within the State of Indiana. You will assist and conduct important examination functions performed to assess the overall risk profile of financial institutions. You will report directly to the Field Manager.

A Day in the Life:

The essential functions of this role are as follows: 

  • Perform primary detail assignments: 
    • Analyzes capital adequacy, profitability, audit activities, and balance sheet in light of current levels, trends, and future prospects at financial institutions of various sizes and complexities Determines the adequacy of, and identifies, risk inherent in internal controls, policies, practices, and management information systems
    • Performs these reviews at low-to moderate complexity institutions. 
    • High level of direct supervision when initially exposed to individual examination areas, with a decreasing level of direct supervision and comment revision expected and will eventually perform these duties independently at this examiner classification
    • Participate in meetings with financial institution executive management and lead discussions on areas reviewed
    • Draft comments for the Report of Examination, with a decreasing level of oversight and also draft work papers consistent with division standards. 
    • Perform an analysis of liquidity, investments, and sensitivity to market risk with direct supervision initially, with the expectation that oversight declines somewhat while assigned this examiner classification
    • Discuss these topics with financial institution management and prepare examination report comments with assistance from a more senior examiner. The examiner will also draft work papers consistent with division standards
  • Perform secondary detail assignments: 
    • Analyzes affiliates, BOLI, merchant credit card activities, and NDIP in light of current levels, trends, and future prospects at financial institutions of various sizes and complexities. 
    • Determines the adequacy of, and identifies, risk inherent in internal controls, policies, practices, and management information systems
    • Performs these reviews at low-to moderate complexity institutions
    • Participate in meetings with financial institution executive management and lead discussions on areas reviewed 
    • Draft comments for the Report of Examination, with a decreasing level of oversight and also draft work papers consistent with division standards 
  • Utilize the examination tools: 
    • Demonstrates basic knowledge of computer applications used, including examination software, internal DFI software, and external computer applications used to research, gather, and analyze examination activities 
    • Learns where to access pertinent supervisory information and gathers information independently over the course of the tenure at this examiner level
    • Serve as a resource to the Examiner-in-Charge and other examiners on the examination team
  • Achieve compliance with the mentor based training program: 
    • Utilizes resource materials in preparing for and analyzing assigned areas
    • Takes an active role and is personally responsible in their own training
    • Provides timely information according to established policies and procedures to supervisor and mentor regarding training needs and assessment
    • Seeks and is open to feedback from all sources
    • Satisfactory compliance with training action plans developed by the Field Manager is required

The job profile 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 We’re Looking For:

The ideal candidate in this role should minimally have a degree from a four year accredited college or university or experience in a field the Deputy Director of the Division deems equivalent.

What You’ll Need for Success:
  • An Examiner IV demonstrates an increasing ability to identify, apply and interpret laws, regulations and policies applicable to assigned areas, as well as examination policies and procedures.
  • Must be willing to travel to exam locations throughout the State of Indiana and to out of state training. Will require overnight travel on some assignments and training. 
  • The examiner will gain initial exposure to areas through the mentor and training functions, with decreasing reliance on more senior staff to identify and interpret regulatory activities throughout their tenure at this classification.
  • An Examiner IV demonstrates the ability to draft report of examination comments and to follow the division’s work paper procedures.
  • The examiner exhibits willingness to research and assist examination staff in resolving issues in the field.
  • The examiner familiarizes self with, and assists examiners and supervisory personnel in the implementation of new laws, regulations, and examination procedures.
  • The examiner demonstrates an ability to evaluate financial data to measure the performance and risk management systems.
  • The examiner incorporates findings from management discussions to measure an institution’s performance with guidance.
     
Supervisory Responsibilities/Direct Reports:
This role does not provide direct supervision to direct reports.

 

Benefits of Employment with the State of Indiana:

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

  • Four (4) medical plan options (including RX coverage) and vision/dental coverages
  • Wellness program (offers eligibility into a discounted medical plan)
  • Health savings account (includes bi-weekly state contribution)
  • Deferred compensation account (similar to 401k plan) with employer match
  • Two (2) fully-funded pension plan options
  • Group life insurance
  • Employee assistance program that allows for covered behavioral health visits
  • Paid vacation, personal and sick time off
  • Competitive leave policies covering a variety of employee needs
  • 12 company paid holidays, 14 on election years
  • Qualified employer for the Public Service Loan Forgiveness Program
  • New Parent Leave

If this is an Intermittent position, the position does not offer benefits and is limited to 180 working days in an eleven (11) month continuous period.

 

Equal Employment Opportunity:

The State of Indiana is an Equal Opportunity Employer

Current Employee? Click here to apply.


Nearest Major Market: Indianapolis