Financial Institution Examiner 9-12

State of Michigan•Various, MI

1d•Hybrid

About The Position

The Department of Insurance and Financial Services (DIFS) is seeking an individual to work in public service as a Financial Institution Examiner in the Office of Credit Unions. This position is an opportunity to build a fulfilling lifestyle and career doing work that truly matters - helping protect consumers and maintaining public confidence in Michigan’s financial services industry. The right candidate will serve an important role in Michigan’s financial services sector by ensuring credit unions provide their members with safe, sound, and reliable financial services. As a credit union examiner, you will generally work in teams and be responsible for monitoring and examining the condition of state-chartered credit unions in Michigan. This incorporates all aspects of state-chartered credit unions with a focus on examining and assessing seven risk areas: credit, interest rate, liquidity, transactional / operational, compliance / legal, strategic, and reputation. Periodic in-depth reviews are performed regarding consumer compliance protection and information technology. Examiners regularly meet with management teams, boards of directors, and other professionals associated with the industry to provide guidance, evaluate compliance with state and federal regulations, answer questions, and encourage sound credit union business practices. Examiners frequently draft work summaries, examination reports, and varied correspondence.

Requirements

Possession of a bachelor's degree with a business major including completion of a business core curriculum consisting of one course each in finance, law, and management, one course in either marketing or economics, and 6 semester (9 term) credits in accounting.
Financial Institution Examiner 9: No specific type or amount is required.
Financial Institution Examiner 10: One year of professional experience evaluating and determining safe and sound operating practices through examinations, visitations or investigations of state chartered depository or state licensed non-depository financial institutions or financial examinations of state licensed insurance companies in accordance with state and federal statutes equivalent to a Financial Institution Examiner 9.
Financial Institution Examiner 11: Two years of professional experience evaluating and determining safe and sound operating practices through examinations, visitations or investigations of state chartered depository or state licensed non-depository financial institutions or financial examinations of state licensed insurance companies in accordance with state and federal statutes equivalent to a Financial Institution Examiner, including one year equivalent to a Financial Institution Examiner 10.
Financial Institution Examiner 12: Three years of professional experience evaluating and determining safe and sound operating practices through examinations, visitations or investigations of state chartered depository or state licensed non-depository financial institutions or financial examinations of state licensed insurance companies in accordance with state and federal statutes equivalent to a Financial Institution Examiner, including one year equivalent to a Financial Institution Examiner P11.
Alternate Financial Institution Examiner 9: Possession of a bachelor's degree in any major AND Two years of an equivalent type of professional financial institution or insurance industry experience.
Alternate Financial Institution Examiner 10: Possession of a bachelor's degree in any major AND One year of professional experience as a financial institution examiner or specialist for a federal financial regulatory agency, FDIC, a Federal Reserve Bank, NCUA, Comptroller of the Currency, other federal or out-of-state financial or insurance regulatory agencies; OR Three years of an equivalent type of professional financial institution industry experience.
Alternate Financial Institution Examiner P11: Possession of a bachelor's degree in any major AND Two years of experience as a professional financial institution examiner or specialist for a federal financial regulatory agency, FDIC, a Federal Reserve Bank, NCUA, Comptroller of the Currency, other federal or out-of-state financial or insurance regulatory agencies; OR Four years of an equivalent type of professional financial institution industry experience.
Alternate Financial Institution Examiner 12: Possession of a bachelor's degree in any major AND Three years of experience as a professional financial institution examiner or specialist for a federal financial regulatory agency, FDIC, a Federal Reserve Bank, NCUA, Comptroller of the Currency, other federal or out-of-state financial or insurance regulatory agencies; OR Five years of an equivalent type of professional financial institution industry experience.
Must relocate to Michigan to perform the duties of this position.

Nice To Haves

The drive to serve the people of the State of Michigan and make a difference in an important financial sector that supports the financial needs of individuals and businesses.
The ability to thrive in a dynamic, collaborative, and high-tech environment while demonstrating sound professional judgement and decision-making.
A curious and analytical mind capable of analyzing financial performance, identifying and assessing risks, developing solutions, and supporting conclusions.
The ability to communicate clearly, concisely, and effectively both orally and in writing.
The desire to work closely with colleagues and senior leaders to solve problems.
The ability to work well both independently and within a team.
The desire to travel to diverse work locations for examinations, training opportunities, and conferences.
An interest in helping others.
A desire to learn and grow personally and professionally.

Responsibilities

Monitoring and examining the condition of state-chartered credit unions in Michigan.
Examining and assessing seven risk areas: credit, interest rate, liquidity, transactional / operational, compliance / legal, strategic, and reputation.
Performing periodic in-depth reviews regarding consumer compliance protection and information technology.
Meeting with management teams, boards of directors, and other professionals associated with the industry to provide guidance.
Evaluating compliance with state and federal regulations.
Answering questions and encouraging sound credit union business practices.
Drafting work summaries, examination reports, and varied correspondence.
Participating in webinars, conference calls, and employee development training.