FINANCIAL INSTITUTIONS EXAMINER - ENTRY

At the entry level of the Financial Institution Examiner series, those in this position learn to apply and follow procedures, techniques, rules, and regulations.

Individual positions study financial, operating, and insurance or security product information to determine what it means and how it fits together in order to get practical solutions in terms of determining financial soundness assessment.

Individual positions draft reports of examination for less complex institutions and perform entry level examinations of financial institutions to ensure compliance with laws and regulations.

Works under close supervision of a higher-level examiner or supervisor examiner who assigns work.

Work is frequently reviewed for accuracy and adherence to standards and guidelines.

Duties

• Examine accounting and other records and methods of operation for compliance with laws and regulations governing activities of financial investment enterprises or institutions, and prepare reports of examination

• Verify entries and analyze general ledger accounts of Banks and Banks Holding Companies. Evaluate and verify portfolio, reconcile correspondence bank accounts and review operational controls. Assist with asset evaluation. Prepare papers, schedules, statistics, and portions of the examination report as assigned, including recommendation for action

• Assist in assigning the Capital adequacy, Asset quality, Management competence, Earning power, and Liquidity (CAMEL) rating for the financial institution

• Evaluate policies, procedures, and practices of financial institutions and provides guidance and recommendations to improve operating practices and service in the public interest

• Examine computer products to ensure safe and sound processing of records, acceptable processing procedures, and compliance and institution standards and policies

• Assist in preparing documentation to ensure safety and soundness evaluation is in compliance with applicable laws and regulations

• Verify trust assets with the general ledger and conformity with trust document requirements and federal and State laws

• Investigate basic complaints lodged against licensed entities by applying statutes to case-specific facts

• Other duties as assigned as related to the position

Salary

• $53,000 - $57,200

Qualifications

Knowledge:

• Federal and State laws, rules, regulations, policies and procedures as they pertain to financial institutions administration

• Financial Institution examining practices obtained through on-the-job training and through prescribed training courses

• Generally accepted and regulatory accounting practices and principles and examination procedures

• Computerized products used in examining and accounting systems and use of microcomputers

• Evaluation procedures, techniques and reporting

Skills:

• Use personal computers, software applications and computerized products in accomplishing examinations

• Interpret complex laws, rules and regulations pertaining to financial institutions

• Apply auditing and accounting methods and techniques

• Learn state government operations

• Oral and written communications

• Interpersonal relationships

Ability:

• Excellent oral and written communication skills to provide conclusions and work products to other examiners and financial licensee managers

• Interpersonal skills to work well in a team environment and to interact with staff and management at various financial Institutions

• Be able to travel with overnight stays away from home base

Selective Preference(s)

Other Information

Pre-Employment Requirements

• Employees who drive on state business are subject to driver license record checks, required to maintain acceptable driving records and complete any required driver training (see Arizona Administrative Code R2-10-207.11)

• Requires possession of and ability to retain a current, valid state-issued driver license appropriate to the assignment

If this position requires driving or the use of a vehicle as an essential function of the job to conduct State business, then the following requirements apply: Driver’s License Requirements.

How to Apply

• If you have any questions please feel free to contact Debbie Muhlestein at debbie.muhlestein@difi.az.gov

Benefits

The State of Arizona offers a comprehensive benefits package to include:

• Optional employee benefits include short-term disability insurance, deferred compensation plans, and supplemental life insurance

• Life insurance and long-term disability insurance

• Vacation plus 10 paid holidays per year

• Health and dental insurance

• Retirement plan

• Sick leave

Learn more about the Paid Parental Leave pilot program here. For a complete list of benefits provided by The State of Arizona, please visit our benefits page

Retirement

• Positions in this classification participate in the Arizona State Retirement System (ASRS)

• Please note that enrollment eligibility will become effective after 27 weeks of employment