Financial Examiner

State of Connecticut•Hartford, CT

1d•Hybrid

About The Position

The Connecticut Department of Banking is hiring a Financial Examiner in Hartford, Connecticut. The position independently performs a full range of examinations and investigations of financial entities regulated by the Department of Banking, including banks, credit unions, broker-dealers, investment advisers, mortgage companies, consumer lenders, and other financial entities. The work includes assessing entities’ financial condition and regulatory compliance, reviewing financial and operational records, investigating potential violations, and communicating findings to industry representatives and department stakeholders. The role may also involve reviewing non-routine license and registration applications, providing guidance to the public and lower-level staff, and working with prosecuting attorneys or testifying in connection with examinations and investigations. The position is full-time, Monday through Friday, 40 hours per week, on the first shift. It is based at 280 Trumbull Street in Hartford, with a hybrid schedule combining office work and telework available according to business needs and the state Telework Policy. Incumbents may be required to travel and may be required to hold and maintain a valid motor vehicle operator’s license. The Department’s mission is to protect users of financial services from unlawful or improper practices by ensuring regulated entities and individuals follow state banking, consumer credit, and securities laws. It does so through examinations and investigations, as well as public and stakeholder engagement.

Requirements

Six years of experience in the regulation of financial entities or in accounting, auditing, banking, or finance.
Two years of the required general experience must have been at the paraprofessional level, involving some independent judgment in applying basic accounting, auditing, banking, finance, or financial-entity regulation principles and practices.
Ability to interpret and apply applicable statutes and regulations.
Ability to use computer software.
Oral and written communication skills.
Interpersonal skills.
Knowledge of the organization, operations, and business practices of financial entities, including banks, credit unions, trust companies, broker-dealers, investment advisers, mortgage companies, and other non-bank grantors of credit.
Knowledge of accounting, auditing, and finance principles and practices.
Knowledge of laws applicable to regulated entities.
Knowledge of regulatory and investigative procedures and techniques.
May be required to travel.
May be required to possess and retain a valid motor vehicle operator’s license.

Nice To Haves

Experience conducting examinations of financial entities regulated by the Department of Banking.
Experience analyzing financial statements and loan files of entities regulated by the Department of Banking.
Experience collaborating with teams involved in financial regulation, supervision, or compliance oversight.
Experience assessing management policies, internal controls, and governance practices of entities regulated by the Department of Banking.
Experience evaluating financial institutions’ risk management programs, including financial, operational, and compliance risks.

Responsibilities

Conduct or assist with examinations and investigations of state-chartered and other regulated financial entities.
Investigate consumer complaints involving complex or specialized issues in the conduct and delivery of services by regulated entities.
Review, analyze, and assess financial and operational records, including financial statements, reports, loan files, investments, management policies, consumer complaints, risk management programs, advertising, and licensing information.
Assess financial condition and regulatory compliance of financial entities.
Research and document apparent violations of applicable laws and contraventions of policy.
Communicate with financial industry representatives and department managers to review issues and findings.
Prepare examination and investigation reports and correspondence, and communicate findings to stakeholders.
Collect and analyze information for application reviews, including financial and operational documentation and compliance with statutes.
Review and make decisions on non-routine license and registration applications.
Provide guidance to the public on regulatory requirements and business practices through complaint resolution and outreach activities.
Learn and use the e-license system and federal agency examination systems.
May provide guidance to lower-level staff on examination procedures and techniques.
May work with prosecuting attorneys and testify concerning examinations or investigations.
Perform other related duties.