Financial Institutions Examiner I Job at Commonwealth of Kentucky
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12/22/2022 (7:00 PM EST)
req43892
Financial Institutions Examiner I
Pay Grade
12
Salary
$3,510.00 Monthly
Employment Type
EXECUTIVE BRANCH | FULL TIME ELIGIBLE FOR OVERTIME PAY | 18A | 40.0 HR/WK
Hiring Agency
Public Protection Cabinet | Department of Financial Institutions
Location
Location Varies
Description
The Kentucky Department of Financial Institutions is responsible for supervision of the Financial Services Industry and for chartering, licensing and registering various financial institutions, securities firms and professionals operating in the state of Kentucky. To accomplish this mission, the Department of Financial Institutions conducts examinations of state regulated financial entities through its Division of Depository Institutions, Division of Non-Depository Institutions and Division of Securities.
This position conducts examinations to protect Kentucky citizens from financial fraud and violations of the law. Work in this position includes conducting examinations within the areas of lending and wire transfer. The candidate selected for this examination role will examine payday lenders, consumer loan lenders, and money transmitters. This position requires extensive travel across the United States, 50% of the time, and across Kentucky 50% of the time. This position is assigned a home-work station to allow telework when not reporting to a regulated entity’s office. A Kentucky residence is required.
Extensive training is offered, both internally and externally, through on-site and off-site venues. This position offers a competitive compensation package, retirement and insurance benefits, flexible work schedules, growth opportunities and learning opportunities.
Responsibilities include, but are not limited to, the following:
This position conducts examinations to protect Kentucky citizens from financial fraud and violations of the law. Work in this position includes conducting examinations within the areas of lending and wire transfer. The candidate selected for this examination role will examine payday lenders, consumer loan lenders, and money transmitters. This position requires extensive travel across the United States, 50% of the time, and across Kentucky 50% of the time. This position is assigned a home-work station to allow telework when not reporting to a regulated entity’s office. A Kentucky residence is required.
Extensive training is offered, both internally and externally, through on-site and off-site venues. This position offers a competitive compensation package, retirement and insurance benefits, flexible work schedules, growth opportunities and learning opportunities.
Responsibilities include, but are not limited to, the following:
- Learns to perform entry- level examinations.
- Learns appropriate procedures to procure entity or institutions records.
- Learns to write a report for each examination in a format that is easily understandable.
- Travels across the United States, 50% of the time and across Kentucky, 50% of the time.
- Will conduct supervised examinations at the entity’s location.
- Will attain entry level knowledge on analyzing, measuring and comparing examination findings to statute interpretation of federal and state laws.
- Be prepared to meet with Manager/Board of Directors to give examination findings.
Minimum Requirements
EDUCATION: Graduate of a college or university with a bachelor's degree in accounting, business administration, economics, finance or a related field, or a juris doctorate.
EXPERIENCE, TRAINING, OR SKILLS: NONE
Substitute EDUCATION for EXPERIENCE: NONE
Substitute EXPERIENCE for EDUCATION: Experience as a financial institution or securities examiner, or professional experience working for a financial institution or securities regulatory agency will substitute for the required education on a year- for-year basis. OR Two years of professional experience as an officer, accountant, analyst, internal auditor, compliance officer, or related professional in a financial institution; or as a licensed securities broker, dealer, agent or investment advisor; or as an investigator of financial fraud in the financial institutions or securities industries will substitute for each year of the required education.
SPECIAL REQUIREMENTS (AGE, LICENSURE, REGULATION, ETC.): Must possess a valid driver's license prior to appointment in this classification. Must maintain any required licensure(s), certification(s), or other credentials for the length of employment in this classification. Employing agency is responsible for ensuring employee possesses and maintains a valid driver's license.
Working Conditions
Work is usually performed in the offices of the financial institution or securities entity being examined, reviewed, or investigated. Will require travel usually within a defined geographic "district". Travel outside one's district may be required periodically. Work may also be performed in the Department's central office or in one of its field offices.
Probationary Period
This job has an initial and promotional probationary period of 12 months, except as provided in KRS 18A.111.
If you have questions about this advertisement, please contact Rebecca Arthur at Rebecca.Arthur@ky.gov or 502-892-4130.
An Equal Opportunity Employer M/F/D
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