Financial Examiner Supervisor

State of Montana • Helena, MT

11d

About The Position

In this senior level position, the incumbent is expected to demonstrate extensive knowledge of the securities industry, including the financial firms and professionals that operate in the industry and the fraud and scam trends that affect investors, and all relevant Montana laws. This position supports the agency's mission by supervising, and conducting, the financial regulatory examinations of Montana registered broker dealer and investment adviser firms which analyze the financial condition of the firms, ensure compliance with state and federal securities regulatory requirements, and help establish a well-regulated securities industry in Montana that encourages capital investment. This position will also supervise, and conduct, investigations into allegations of securities fraud or violations of the Montana Securities Act.

The incumbent is expected to handle all public, service provider, and governmental or regulatory inquiries knowledgably and professionally; to train and mentor employees; plan and assign work; and assess employee performance. The incumbent may be asked to represent Montana’s securities exams and investigative efforts on a national stage. The incumbent must be willing to attend out-of-state meetings and other industry events or training, such as meetings of the North American Securities Administrators Association (NASAA). Representing the deputy securities commissioner at such events may be required, periodically.

Requirements

• Experience in database applications and Microsoft Office software, including Word, Excel, PowerPoint, Teams, and Outlook.
• Ability to use sound judgement, examine technical data, and identify discrepancies. Strong team player with the ability to establish and maintain effective working relationships with other employees, the securities industry, and the public.
• Strong communication skills are essential, priority setting is a must, along with the ability to work efficiently and productively with little to no supervision.
• Knowledge of the Montana Securities Act and promulgated administrative rules there under; the federal Securities and Exchange Acts of 1933 and 1934; Investment Advisors Act of 1940; Investment Company Act of 1940; applicable Financial Industry Regulatory Authority and Securities and Exchange Commission regulations and laws; books and records requirements for broker-dealer and investment advisor firms; and the accounting theories, GAAP, and other procedures established for securities firms.
• Knowledge of economic and accounting practices, examining and auditing techniques, and analysis of financial data.
• Bachelor’s degree in accounting, business, finance, or a related field.
• Five (5) years of directly relevant experience.

Nice To Haves

• A candidate with at least two (2) years of supervisory experience is preferred.
• Alternate combinations of education and experience may be considered on a case-by-case basis.

Responsibilities

• Supervise examiners and perform the financial analysis of Montana-domiciled broker dealer firms, and state registered investment adviser firms, including investment adviser firms to detect and act upon conditions that may lead to financial loss or harm Montana investors.
• Supervise examiners and conduct reviews and analysis of the policies and procedures of broker-dealer firms and investment adviser firms, including investment adviser form brochures, around issues of inter alia, business plans, books and records, client protections, supervision, and proforma financial statements to assess reasonableness and compliance with the Montana Securities Act and its associated rules, the federal Securities and Exchange Acts of 1933 and 1934, Investment Advisors Act of 1940, Investment Company Act of 1940, applicable Financial Industry Regulatory Authority (FINRA) and Securities and Exchange Commission (SEC) regulations and laws, and applicable accounting theories.
• Supervise examiners and conduct analysis of potential securities fraud or violations of the Montana Securities Act through the use of concepts and theories of law enforcement, including both criminal and civil (or administrative) examinations, effective research and analysis tools or skills, and development of innovative examination approaches when necessary; exercise wide latitude of professional independent judgment in the conduct and supervision of investigations and review of evidence; and the preparation of written reports and defense of findings.
• Supervise examiners and perform regulatory examinations of broker dealer firms and investment adviser firms, regardless of domicile, for cause.
• Represent and promote the work of the Montana Securities Division to the public in a knowledgeable and professional manner and attend industry conferences and training to enhance industry knowledge and make professional contacts.

Benefits

• Work/left balance
• Medical, dental, and vision coverage
• Retirement plans
• Generous paid vacation, sick leave, and holidays
• Pre- tax flexible spending accounts
• A vibrant Employee Assistance Program (EAP)
• State of Montana employment may qualify you to receive student loan forgiveness under the Public Service Loan Forgiveness.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level