Financial Examiner - Bank
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 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. Depository Division examiners are charged with the following at state chartered financial institutions:
Analyzing financial performance
Identifying pertinent risks
Assessing risk mitigation practices.
Collaborate with CEOs, CFOs, and Board members of multi-billion companies and individuals from the Federal Reserve Bank, the National Credit Union Association, and the Federal Deposit Insurance Corporation.
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:
This position traditionally starts at an annual salary of $46,332 but industry related experience and/or advanced degrees can provide for additional salary discussion.
About the Job:
In the Financial Examiner 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. The examiner 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 credit reviews
- Perform primary financial assessment assignments
- Assess risk over multiple aspects of the organization
- Utilize the examination tools
- Perform Anti-Money Laundering and other compliance reviews
- Achieve compliance with the mentor-based training program
- 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 have relevant industry experience.
What You ll Need for Success:
- Demonstrate 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.
- Demonstrate 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.What You'll Get in Return:
The State of Indiana offers a comprehensive benefit package for full-time employees which includes:
- Three (3) medical plan options (including RX coverage) and vision/dental coverages
- Wellness program (offers premiums discount for the 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
- Free Parking
- Free LinkedIn Learning
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
Estimated Salary: $20 to $28 per hour based on qualifications.
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