Bank and Credit Union Examiner

State of Indiana•Indianapolis, IN

47d

About The Position

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. Bank / Credit Union Division examiners are charged with the following at state-chartered financial institutions: Analyzing financial performance. Identifying pertinent financial, operational, and regulatory risks. Assessing risk management and risk mitigation practices. Collaborating with CEOs, CFOs, and Board members, and individuals from the Federal Reserve Bank, the National Credit Union Association, and the Federal Deposit Insurance Corporation. Traveling throughout the state of Indiana to assess state-chartered financial institutions. 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. Role Overview: The Bank and Credit Union Examiner will assist in examining the safety and soundness of Indiana's state-chartered banks and credit unions, including assessing bank and credit union financial performance, inherent risk levels, and risk management practices. This role will focus on ensuring financial institutions are operated safely and soundly to protect consumers against the loss of their deposits and promote a strong Indiana economy. Examiners will work in a dynamic and rapidly evolving environment, assessing individual financial institution risk in a changing economic landscape. As a bank or credit union examiner, you will be responsible for working individually and collectively to perform a variety of examination-related tasks to determine a financial institution's solvency and compliance with state laws and regulations. You will develop and execute examination plans, building upon information gathered during off-site surveillance activities and programs. You will serve as an Examiner-In-Charge of a variety of financial institutions, working directly with bank and credit union senior management teams and Boards of Directors. The position will work collaboratively with FDIC and Federal Reserve Bank examiners. The position will require some travel (including some overnight travel), primarily in Indiana

Requirements

Ability to complete the Agency specific training programs.
Broad knowledge of computer applications, including examination software, internal DFI software, and external computer applications used to research, gather, and analyze examination activities.
Broad knowledge of principles and theories related to accounting and banking, bank holding companies and bank branching.
Ability to conduct and prepare examination reports.
Ability to identify, apply and interpret laws, regulations, and policies applicable to assigned areas, as well as examination policies and procedures including training less experienced examiners.
Ability to analyze and interpret data and records.
Ability to communicate effectively, both orally and in writing.
Ability to exercise both tact and persuasion in dealing with institution managers and staff.
Ability to travel across or within a specified region of the State based on the job assignment.
At the Depository Division - Ability to use Examination Tools Suite (ETS) to develop loan review samples consistent with department goals of identifying credit risks.
Bachelor's Degree in Accounting, Finance, or related area
Substitution: Academic training plus comparable work experience may substitute for a bachelor's degree where appropriate.

Responsibilities

Perform various examinations that are conducted on institutions of large size and complexity.
Serve as an Examiner-In-Charge (EIC) of Safety and Soundness examinations for institutions of the largest size and complexity, and those exhibiting financial or operating weakness.
Submit examination plans that recognize the condition and risk profile of the institution.
Oversee examination staff to affirm the appropriateness of scope and assure that established examination procedures are followed.
Submit timely Reports of Examination that are analytically correct, void of major errors, and contain minimal errors.
Make accurate ratings determinations and develop corrective programs with assistance.
Develop loan review samples consistent with department goals of identifying credit risks.
Serve as the Central Point of Contact (CPC) for the most complex institutions. Recognize and analyze risk and trends in institutions through effective use of off-site monitoring tools, on-site examinations, and communication with other DFI staff, federal regulators, and institution management.
Coordinate on-site visitations at necessary intervals with supervisory approval or direction and attend board/management exit meetings as necessary.
Perform all examination and assign appropriate Capital Adequacy, Asset Quality, Management, Earnings, Liquidity and Sensitivity to Interest Rate Risk (CAMELS) ratings
Perform asset quality reviews by analyzing the loan portfolios in complex institutions and demonstrate the ability to assign accurate credit risk assessments with decreasing levels of assistance. Further, evaluate credit risk management systems and adjust the examination scope accordingly.
Use Examination Tools Suite (ETS) to develop loan review samples consistent with department goals of identifying credit risks.
Perform various examination duties related to regulatory compliance with state and federal consumer credit laws and regulations.
Conduct examinations on the following types of entities with a focus on the most complex State Chartered Depository Institutions, Licensed Lenders, Licensed Small Lenders, Non-Lenders, Rental Purchase Registrants, Pawnbrokers, Debt Management Companies, Check Cashers, Civil Proceeding Advance Payment Providers, First and Subordinate Lien Mortgage Lenders, and Money Transmitter Licensees.
Serve as an Examiner-In-Charge (EIC) to evaluate the degree of compliance with governing statutes and regulations.
Serve as a Subject Matter Expert (SME) regarding statutes and examination procedures germane to the types of examinations being conducted.
Prepare examination reports of findings that are accurate, pertinent, and comply with Department policies and procedures. Hold meetings with officers and managers to discuss these findings.
Assist in bringing the organization into full compliance with laws and regulations and recommend procedures to maintain compliance.
Review work produced by other staff in a timely manner and provide effective feedback to less tenured examiners.
Understand and interpret state laws and regulations concerning financial institutions such as the Indiana Uniform Consumer Credit Code and Title 28.

Benefits

Three (3) medical plan options (including RX coverage) as well as vision and dental plans
Wellness Rewards Program: Complete wellness activities to earn gift card rewards
Health savings account, which includes bi-weekly state contribution
Deferred compensation 457B account (similar to 401k plan) with employer match
Two (2) fully-funded pension plan options
A robust, comprehensive program of leave policies covering a variety of employee needs, including but not limited to:
150 hours of paid New Parent Leave and up to eight weeks of paid Childbirth Recovery Leave for eligible mothers
Up to 15 hours of paid community service leave
Combined 180 hours of paid vacation, personal, and sick leave time off
12 paid holidays, 14 on election years
Education Reimbursement Program
Group life insurance
Referral Bonus program
Employee assistance program that allows for covered behavioral health visits
Qualified employer for the Public Service Loan Forgiveness Program
Free Parking for most positions
Free LinkedIn Learning access