Associate Financial Licensing Analyst

State of Virginia•Richmond, VA

30d•Hybrid

About The Position

The State Corporation Commission (SCC) seeks an Associate Financial Licensing Analyst who has a passion for public service and protecting the public interest in Virginia by maintaining a safe, sound, and competitive financial services environment. The Bureau of Financial Institutions (BFI) is a regulatory division within the SCC that administers the Commonwealths laws related to banks, savings institutions, credit unions, trust companies, consumer finance companies, mortgage lenders and brokers, money transmitters, credit counseling agencies, motor vehicle title lenders, industrial loan associations, short-term lenders, check cashers, student loan servicers, and debt settlement services providers. The Associate Financial Licensing Analyst assists with the investigation of applications filed by these financial institutions and related parties under Title 6.2 of the Code of Virginia for licenses, expansions, and structural changes such as mergers and acquisitions. This position is based in Richmond, Virginia and operates on a hybrid schedule, including remote and in-office work each week. The SCC offers career growth and professional development opportunities including on-the-job training, certifications, and designations.

Responsibilities

Analyze financial statements and financial projections for solvency, liquidity, profitability, and other performance metrics
Analyze business plans for conformity with applicable legal and regulatory standards
Review personal financial statements, disclosure forms, credit reports, criminal background checks, employment records, and other biographical information for prospective officers, directors, and principals
Review and research examination reports and compliance records
Review surety bonds and evaluate compliance with applicable bond standards
Communicate regularly with license applicants, attorneys, other regulatory agencies, and the public
Prepare written reports to include a summary of relevant investigation findings, supporting schedules, and a recommendation for approval denial based on an analysis of the pertinent statutory factors
Review and analyze periodic reporting forms filed by regulated financial institutions
Perform other related work as required