Financial Examiner

State of Montana•Helena, MT

9d•Onsite

About The Position

CSI has an opportunity for a full-time Financial Examiner in the Securities Bureau in Helena, Montana. This position is a Securities Examiner for the Securities Department and is responsible for conducting and overseeing regulatory examinations of Montana registered broker-dealer and investment adviser firms to analyze and determine the financial condition of the firms and to ensure that firms are adhering to the securities regulatory requirements of state and federal securities laws. There are approximately 1350 broker-dealer firms, approximately 966 investment adviser firms, approximately 106,000 securities salespeople, approximately 2290 investment adviser representatives, and approximately 37,000 issuers registered or notice filed to transact securities business in Montana. In addition, there are over 600 branch or primary office locations physically located in Montana for these businesses. This position has the duties of coordinating financial analysis work, overseeing financial compliance assessments, and facilitating examination program development and reporting to assist in the department’s mission of protecting Montana investors by creating a fair, well-regulated securities industry environment that encourages capital investment. This Position reports to the Financial Examiner Supervisor. This is an on-site position located in Helena, Montana.

Requirements

Knowledge of Montana Securities Act and promulgated administrative rules there under, the federal Securities Acts of 1933 and 1934, the Investment Advisors Act of 1940, the Investment Company Act of 1940, applicable Financial Industry Regulatory Authority and Securities and Exchange Commission books and records requirements for broker-dealer and investment advisor firms, as well as accounting theories, GAAP, practices, and procedures established for securities firms.
Skill in writing/editing skills to review examination report drafts.
Skill in establishing and implementing work methods, procedures, and priorities as determined by department policies and the Deputy Securities Commissioner.
Skilled in reviewing complex financial data and materials.
Ability to exercise wide latitude of professional independent judgment and decisions, and act persuasively in reviewing examination work papers and determining whether they satisfy required examination steps governed by law.
Ability to analyze the financial statements of broker dealer and investment adviser firms is essential.
Successful completion of a fingerprint background check.
Possession of a valid driver's license.

Nice To Haves

Experience in the insurance industry.

Responsibilities

Conducts examinations of Montana registered broker-dealer and investment adviser firms to analyze and determine financial condition of the firms and to ensure that firms are adhering to the examination requirements of state and federal regulations.
Conducts investigations (in collaboration with the Deputy Commissioner and department staff, law enforcement, legal teams, etc.) into allegations of securities fraud or violations.
Develops and designs examination programs for targeted examination of broker-dealer and investment adviser firms to ensure that best practices and adherence to all relevant regulatory laws are inherent in all examinations.