State of Connecticut, Department of Banking
Hartford, CT
CONTACT: more information and apply here
RESPONSIBILITIES:
The Financial Examiner position will independently conduct routine examinations and investigations or participate as a member of a team on larger and more complex examinations and investigations.
The selected candidate will:
- Conduct or assist in inquiries, investigations, and/or examinations of debt collection agencies, sales finance companies, small loan companies, money transmitters; or other entities regulated by the Consumer Credit Division.
- Investigate consumer complaints regarding complex or specialized issues in the conduct and delivery of services by regulated entities as necessary
- Review, analyze, and assess financial and operational documentation, including bank and financial statements and reports, loan files, investments, management policies, consumer complaints, risk management programs, advertising, licensing information, and other records
- Investigate, research, and document apparent violations of applicable laws and contraventions of policy
- Interact and communicate with both industry as well as internally to review issues and findings
- Write reports and communicate report findings to stakeholders in examination and application processing
- Collect and analyze information relating to the application review process including financial and operational documentation, compliance with statutes, etc.
- Analyze and assess compliance with federal and state laws and regulations
- Learn and utilize the Nationwide Multi-state Licensing System (NMLS), the State Exam System (SES), and the e-license system.
REQUIREMENTS:
Six (6) years of experience in the regulation of financial entities or in accounting, auditing, banking or finance.
NOTE: Financial entities are defined as domestic and international banks, credit unions, broker-dealers, investment advisors, mortgage companies and consumer lenders.
NOTE: Financial entities are defined as domestic and international banks, credit unions, broker-dealers, investment advisors, mortgage companies and consumer lenders.
MINIMUM QUALIFICATIONS – SPECIAL EXPERIENCE
Two (2) years of the General Experience must have been at the paraprofessional level.
NOTE: This experience is interpreted as work requiring the exercise of some independent judgment in the application of basic principles and practices of accounting, auditing, banking, finance or the regulation of financial entities.
MINIMUM QUALIFICATIONS – SUBSTITUTIONS ALLOWED
- Successful completion of an Accounting Careers Trainee program approved by the Department of Administrative Services may be substituted for the General Experience and Special Experience.
- Successful completion of a Connecticut Careers Trainee program approved by the Department of Administrative Services may be substituted for the General Experience and Special Experience.
- College training may be substituted for the General Experience on the basis of fifteen (15) semester hours equalling one-half (1/2) year of experience to a maximum of four (4) years for a Bachelor’s degree.
- A Master’s degree in business, accounting, finance or closely related field may be substituted for one (1) additional year of the General Experience.
PREFERRED QUALIFICATIONS
- Experience with consumer debt collections, consumer finance, or money transmission.
- Experience with consumer financial protection laws.
- Experience conducting examinations or compliance audits.
- Experience communicating both verbally and in writing with all levels of the organization.