FINANCIAL INSTITUTION EXAMINER 1 - DOF

Excelling in Supervision • Fostering Innovation

Protecting Idaho's Financial Health

Financial Institution Examiner 1

Applications will be accepted through 11:59 PM MST on the posting end date.


State of Idaho Employees : When searching for a new career within the state, browse and apply through Luma Opportunities. Applying through the State External Career website will cause duplicate profiles and will slow the processing of your application for a new job. Internal candidates should always use Luma Opportunities.


Description


Help safeguard the financial system and make a lasting positive impact. As a Financial Institutions Examiner 1, you will play a critical role in evaluating the safety, soundness, and compliance of financial institutions, helping protect consumers, strengthen communities, and support economic stability.


You will serve as a member of an examination team that reviews and assesses the activities of state-chartered financial institutions (banks, savings banks, saving and loan associations, business and industrial development companies, trust companies, credit unions, credit union service organizations, and holding companies) for safety and soundness, compliance with state and federal laws, and adherence to regulatory guidelines and industry standards. The examination process assesses the strength of financial institutions, ensures public confidence in financial institutions and the nation's financial system, and protects depositors.


The Financial Institution Examiner 1 is the first of a five-level professional Financial Institution Examiner class series. At this level, incumbents receive formal education and extensive training in applicable state and federal laws, rules, and regulations, financial institution operations, and examination procedures. Under normal circumstances, this position requires overnight travel an average of 30% of the time both in and out of state. Additional overnight travel, up to a combined total of 40% of the time, may occasionally be required due to special circumstances.


Examples of Duties


Examination Activities

• Under direct supervision, assesses financial institutions to determine existence of unsafe and unsound practices and the general character and competence of management to effectively identify, measure, and control related risks

Financial Analysis

• Under direct supervision, prepares financial schedules and conducts analysis of the financial and operating conditions of financial institutions
• Analyzes financial statements, general ledger accounts, performance measurements and ratios, capital, earnings, liquidity, investment portfolios, asset/liability management strategies, market risk management strategies, and other information to measure performance and condition
• Assess risk exposure, confirm proper accounting and regulatory reporting
• Conformance with state and federal laws, rules, regulations and regulatory guidelines

Qualitative Evaluation

• Under direct supervision, performs operations examinations to evaluate capital adequacy, earnings performance, liquidity, and exposure to market risk
• Assesses effectiveness of market risk management program, investment strategies, internal controls, accuracy of regulatory financial reporting, adequacy of the budgetary process, scope, independence and competency of the internal and external audit function, and adequacy of management's responsiveness to audit and regulatory examination findings and recommendations

Technical Communication

• Interacts with financial institution staff and third parties, including other regulators, to conduct examinations and investigations and resolve complaints
• Prepares comprehensive written reports and examination work papers supporting conclusions, deficiencies and recommendations
• Presents examination findings and recommendations to financial institution management and directors

Minimum Qualifications:


Good knowledge of:

• Finance/accounting theory, principles, and practices
• Typically met by completion of twelve (12) college credit hours of finance/accounting AND approximately one (1) year of professional work experience in a management, finance, banking, or audit capacity that would provide good knowledge of finance or accounting theory; OR completion of the core requirements of a bachelor's degree in finance, accounting, or other business field; OR at least five (5) years of work experience in finance, banking, or financial auditing capacity; OR at least three (3) years of financial regulatory experience.
• Statistical analysis
• Typically met by completing a minimum of three (3) credit hours in college level statistics AND exposure to statistical analysis gained through at least three (3) credit hours of other finance-related courses (e.g. business finance, accounting, economics, or business math); OR at least one (1) year of professional work experience as a research analyst, economist, or related position where you were required to perform statistical analysis.

Experience:

• Applying accounting principles to reconcile accounts
• Typically met by completion of six (6) college credit hours of finance or accounting AND approximately one (1) year of professional work experience applying accounting principles to examine financial reports for completeness and accuracy, identify trends, compute and verify statistical relationships, and reconcile accounts; OR completion of the core requirements for a bachelor's degree in a business-related discipline, including six (6) college credit hours of accounting or finance; OR at least three (3) years of professional work experience applying accounting principles to reconcile accounts, compute and verify statistical relationships, identify trends, or examine financial reports for completeness and accuracy.
• Computing and verifying statistical relationships and identifying trends
• Typically met by completing a minimum of three (3) credit hours in college level statistics AND exposure to statistical analysis gained through at least three (3) credit hours of other finance-related courses (e.g. business finance, accounting, economics, or business math); OR at least one (1) year of professional work experience as a research analyst, economist, or related position where you were required to perform statistical analysis.
• Examining financial statements and reports for completeness and accuracy
• Typically met by completion of twelve (12) college credit hours of finance/accounting AND approximately one (1) year of professional work experience in a management, finance, banking, or audit capacity that would provide exposure to financial statements; OR completion of the core requirements of a bachelor's degree in finance, accounting, or other business field; OR at least five (5) years of work experience in finance, banking, or financial auditing capacity; OR at least three (3) years of financial regulatory experience.
• Interpreting laws, rules, regulations, policies, and procedures
• Typically gained by completion of six (6) college credit hours or industry-sponsored training relating to interpretation of laws, rules, regulations, policies, and procedures; OR six (6) months of professional work experience interpreting and applying laws, rules, regulations, policies and procedures.

• Preparing written reports and correspondence
• Typically met by approximately one (1) year of professional work experience or college coursework preparing written reports and correspondence.

Desired Qualifications
• Experience providing formal business, technical, or investigative presentations.
• Ability to conduct independent research and apply concepts learned.
• Excellent technical writing and critical thinking skills.
• Experience with Microsoft Office.


Supplemental Information


Candidates who reach the final hiring stage will be required to participate in a background check, including criminal history, credit, driving record, and education. Having a criminal record will not automatically eliminate applicants from consideration but may be considered as part of the hiring process. There is no educational requirement for this position; the purpose of the education background check is to verify the accuracy of the information provided.


This position is located at the State of Idaho's Chinden Campus. The selected candidate must report to this location; however, flexible scheduling may be available as we promote work-life balance. After successful completion of an entrance probation the selected applicant will become a classified employee.


About the Idaho Department of Finance


The Idaho Department of Finance is a regulatory agency charged with the supervision and oversight of various financial service providers operating in Idaho and across the nation. These include state-chartered financial institutions, regulated lenders, securities issuers, broker-dealers and stockbrokers, residential mortgage brokers, lenders, loan originators, investment advisers and sales personnel, collection agencies, endowed care cemeteries, and others. The Department is funded entirely by fees levied by law on the industries subject to its supervision. The Department has three functional bureaus - the Financial Institutions Bureau, Consumer Finance Bureau, and Securities Bureau.


The mission of the Idaho Department of Finance is safeguarding the health of Idahoans through the appropriate oversight of diverse financial institutions, the education and protection of consumers, and fostering sensible innovation in the financial services market.


The Financial Institutions Bureau regulates, supervises, and ensures the safety and soundness of state-chartered banks, savings banks, credit unions, bank holding companies, trust companies, and business and industrial development corporations operating in Idaho. FIB is dedicated to maintaining public confidence in Idaho state-chartered financial institutions and to ensuring Idaho-chartered institutions provide safe, sound, and reliable financial services for their customers. As part of the Department's ongoing effort to provide effective regulation without excessive costs, FIB works closely with federal and other state regulators, as well as industry stakeholders, to provide effective, minimally disruptive supervision to our regulated institutions.


Benefits

• Participation in one of the Nation's best state retirement systems: PERSI
• An opportunity for Student Loan Forgiveness
• 11 paid holidays a year
• Paid parental leave
• Excellent Medical, Dental, and Vision plans
• Sick and vacation leave that accrue as soon as you start
• Optional 401K, and optional 457
• Basic life insurance for employee and family
• Wellness programs
• Training opportunities

EEO/ADA/Veteran

The State of Idaho is committed to providing equal employment opportunities and prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibit discrimination against all individuals based on their race, color, religion, political affiliation or belief, sex, national origin, genetics, or any other status protected under applicable federal, state, or local laws.


The State of Idaho is committed to access and reasonable accommodations for individuals with disabilities, auxiliary aids and services are available upon request. If you require an accommodation at any step in our recruitment process, you are encouraged to contact View phone number on click.appcast.io (TTY/TTD: 711), or email View email address on click.appcast.io.


Preference may be given to veterans who qualify under state and federal laws and regulations.