FINANCIAL INSTITUTIONS EXAMINER TRAINEE - Upward Mobility Program

State of Illinois•Springfield, IL

5d•Onsite

About The Position

Under direct supervision, for a period of six to twelve months, receives on the job and classroom training and completes assignments to acquire knowledge and skills in performing bank, corporate fiduciary and information systems/technology examinations assigned to the Banks, Trust Companies and Savings Institutions Section in the Division of Banking. Works under the direction of an examiner-in-charge to assist in conducting selected, less complex portions of examinations. Travels extensively to assigned facilities for examinations.

Requirements

Requires possession of a bachelor's degree in accounting, finance, economics or banking; or a master’s degree in business administration.
Requires the ability to pass an agency conducted background check.
Requires ability to travel frequently and extensively, both in and out-of-state.
Requires a valid appropriate driver’s license and access to a vehicle for travel.

Nice To Haves

Prefers one year of Bank Examination Experience with Federal or State Agency.
Prefers at least three years of bank operations, accounting and reporting experience.
Prefers at least two years of auditing experience.
Prefers knowledge of state and/or federal laws, rules and regulations governing the financial industry and how they are applied.
Prefers at least three years of experience collecting, analyzing, and reporting examination/audit information at multiple levels.

Responsibilities

Assists higher level examiners, travels and receives training in gathering information to analyze the operating procedures and the information systems/technology to determine the degree of risk to the bank, the adequacy and extent of compliance with policies, procedures, and internal controls, the extent of adherence to safe and sound practices, and the extent of compliance with state and federal laws, rules and regulations.
Assists higher level examiners, travels and receives training in gathering information to analyze and evaluate assets, liabilities, capital accounts, and securities of banks and corporate fiduciaries to determine the adequacy and the extent of compliance with bank policies, procedures, and internal controls, and the extent of compliance with state and federal laws, rules and regulations.
Assists higher level examiners and receives training in gathering information to analyze and evaluate the earnings position of banks and corporate fiduciaries. To facilitate the amassing of skills, recommends a rating and completes narrative comments for inclusion in the report of examination; submits to superior for review/input and subsequent inclusion.
Assists higher level examiners and receives training in gathering information to analyze and evaluate the bank and corporate fiduciary stock records to determine the adequacy and extent of compliance with policies, procedures, internal controls and the extent of compliance with state and federal laws, rules and regulations. Verifies the type and amount of insurance coverage of the licensed institution and completes examination report pages and supporting work papers.
Assists higher level examiners and receives training in gathering information to analyze and evaluate the quarterly consolidated reports of condition and income to determine if they were completed in accordance with the applicable instructions.
Participates in seminars and classroom training to learn more about the industry and various state and federal laws, rules and regulations.
Performs other duties as required or assigned which are reasonably within the scope of the duties enumerated above.

Benefits

Health, Life, vision, and dental insurance
12 weeks paid maternity/paternity leave
Pension Plan – Vesting at 10 years for Tier II
Full 20-year retirement awards free health insurance during retirement
Deferred compensation and other pre-tax benefits programs
Paid state holidays, 12-14 days annually
3 paid Personal Business Days annually
12 Paid Sick Days annually (Sick days carry over year to year)
10-25 Days of Paid Vacation time annually (10 days in year one of employment)
Personal, sick, and vacation rates modified for 12 hour work schedules (as applicable)
Employee Assistance Program and/or mental health resources