Financial Institutions Examiner 2

State of Nevada•Las Vegas, NV

14h•Onsite

About The Position

The Department of Business and Industry is recruiting to fill a Financial Institutions Examiner 2 position within the Financial Institutions Division in Las Vegas. The incumbent conducts annual examinations of licensed depository and/or non-depository institutions to ensure safety and soundness and compliance with State and Federal laws and regulations; conducts exit meetings with licensees, explaining examination findings and providing recommendations for any violations of State and Federal laws and regulations; and prepares reports of examination and investigation reports for review by the Examiner 3 and/or Supervisory Examiner. The incumbent is responsible for training team members and ensuring adherence to established procedures for collecting and correlating information generated by the team.

Requirements

Bachelor's degree from an accredited college or university in business administration, accounting, economics, finance, or related discipline and one year of professional experience conducting audits and/or examining financial records and reports; OR one year of experience as a Financial Institutions Examiner I in Nevada State service; OR an equivalent combination of education and experience as described above.
Working knowledge of: federal and State laws and regulations applicable to financial institutions sufficient to analyze facets of operations for safety, soundness and compliance; standard internal controls and security procedures; real estate appraisals; financial institutions examination policies and procedures; contemporary business structures; auditing theory, principles, and practices; financial, liquidity, and interest rate risk and ratio and trend analysis.
Ability to interpret and apply State and federal laws and regulations related to examinations.
Skill in the use of computer software commonly used in financial analysis.

Responsibilities

Conducts annual examinations of licensed depository and/or non-depository institutions to ensure safety and soundness and compliance with State and Federal laws and regulations.
Conducts exit meetings with licensees, explaining examination findings and providing recommendations for any violations of State and Federal laws and regulations.
Prepares reports of examination and investigation reports for review by the Examiner 3 and/or Supervisory Examiner.
Responsible for training team members and ensuring adherence to established procedures for collecting and correlating information generated by the team.
Review an institution's prior examinations, correspondence and documents on file in order to become familiar with the nature of the institution and to develop an exam plan.
Ensure compliance with regulatory licensing requirements for various types of financial entities, including depository, trust, lending, collection, 1031 exchange, and money transmission entities.
Conduct entrance and exit meetings with management of the institution to answer questions regarding the examination, verify facts and discuss findings.
Review activities to ensure compliance with laws and regulations; evaluate internal and external audit procedures to ensure that adequate controls are in place; analyze the financial and operating condition of each institution to assist in the determination of the institution’s safe and sound operation and overall condition.
Analyze key safety and soundness components, ratios and trends; review adequacy of capital to assets and liabilities; determine the viability of loans and investments; evaluate the adequacy of management policy and procedures, earnings, and liquidity; determine market and interest rate sensitivity; examine interest rates and fees applied; verify cash, deposit and share account balances.
Prepare and/or assimilate and analyze reports prepared by assisting examiners and arrive at a conclusion regarding the overall condition of the institution; prepare final report detailing findings and recommendations; assist in coordinating appropriate corrective measures in accordance with established laws, regulations, policies and procedures.
Review, investigate and process licenses for newly approved institutions and for institutions renewing their licenses; make recommendations for acceptance or denial; respond to informational inquiries and complaints from licensees and the general public; conduct follow-up investigations as necessary; and take enforcement actions as necessary or make referrals to the criminal division in the Attorney General’s Office if warranted.
Perform related duties as assigned.