Large Bank Financial Examiner

State of Indiana • Indianapolis, IN

20d • Hybrid

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 position will assist in examining the safety and soundness of Indiana’s largest and most complex state-chartered banks and credit unions, including assessing financial performance, inherent risk levels, and risk management practices. The large and unique financial institution portfolio encompasses financial institutions with product lines and business strategies that may differ from a traditional community bank platform and/or require a different and more in-depth regulatory oversight process due to the financial institution’s size. These reviews focus on an organization’s risk tolerance and risk management activities, encompassing concepts such as enterprise risk management, corporate governance, model risk management, and advanced reviews of each institution’s critical financial and operational functions. The position will work with other examiners on the unique institution team and collaboratively with FDIC and Federal Reserve Bank examiners. The individual will initially focus on assisting examination processes, leading target examinations, and performing routine monitoring of the financial institution portfolio. The goal is to serve as the resident central point of contact for at least one of the financial institutions in the portfolio. The role will require the individual to routinely work with financial institution executive management teams and Boards of Directors. 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.
• 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.
• A degree is required.
• Individuals should have the ability to perform essential functions with or without reasonable accommodation.

Nice To Haves

• Senior examiner positions are available for those individuals with expertise deemed appropriate for those levels.

Responsibilities

• Conduct examinations for large and complex institutions.
• Serve as an Examiner-In-Charge (EIC) of Safety and Soundness examinations, especially for high-risk institutions.
• Develop examination plans and oversee staff to ensure procedures are followed.
• Submit accurate and timely Reports of Examination with minimal errors.
• Determine ratings and design corrective programs with guidance.
• Identify credit risks through loan review sampling.
• Act as the Central Point of Contact (CPC) for complex institutions, using off-site monitoring tools and on-site examinations to identify risks and trends.
• Coordinate on-site visits and attend board/management meetings as needed with supervisory approval.
• Analyze loan portfolios, assign credit risk, evaluate management systems, and adjust examination scope accordingly.
• Conduct regulatory compliance examinations with state and federal consumer credit laws and regulations for the financial entities, focusing on the most complex ones.
• Examine complex institutions, including depository institutions, lenders, pawnbrokers, money transmitters, and others, focusing on regulatory compliance.
• Serve as Examiner-In-Charge (EIC) to assess compliance with laws and regulations.
• Serve as a Subject Matter Expert (SME) on statutes and examination procedures.
• Prepare accurate reports, hold findings discussions, and recommend compliance procedures.
• Provide guidance to help institutions achieve and maintain full compliance with laws and regulations.
• Essential functions of this position require travel on most workdays to inspect, audit, examine, survey, or investigate clients, customers, or other regulated entities and write reports at those sites or employee’s home.
• Employee reports to the agency’s office for occasional meetings or events.
• Number and timing of work hours may vary daily or weekly to accommodate operational needs and staffing concerns at the client’s or customer’s worksite, minimize expenditures for repeated visits to complete the work, and allocate resources to complete assigned work effectively.
• This position is exempt from overtime compensation for additional work hours which may be required to complete essential functions or other assigned work.
• Exempt employees may work more than 75 hours in a pay period without additional compensation and must report a minimum of 75 hours per pay period of work hours and/or paid leave taken to receive their base biweekly salary.

Benefits

• Competitive compensation
• Robust benefits package
• Commitment to work-life balance
• 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 457(b) account (similar to 401(k) 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

What This Job Offers

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