FINANCIAL INSTITUTIONS EXAMINER TRAINEE - UMP
About The Position
Under direct supervision, the Financial Institutions Examiner Trainee receives classroom and on-the-job training for six to twelve months, and may train for up to twelve months, to develop the knowledge and skills needed to conduct on-site examinations of financial institutions. The position examines aspects of pawnbroker regulation applications and evaluates financial condition, safety and soundness, and compliance with state and federal laws and regulations. Work also involves evaluating corporate fiduciaries’ management, operations, internal controls and auditing, earnings, compliance, and asset management. Extensive travel to assigned facilities is required. The trainee provides technical assistance to applicants regarding compliance requirements; responds to sensitive or confidential inquiries that affect licensees’ ability to conduct business; evaluates statistical operational information supplied by licensees and prepares reports and recommendations; and learns to review initial and renewal pawnshop company license applications for statutory and rule-based compliance. The role is based at the agency’s Chicago headquarters, with hybrid schedule availability dependent on operational need. The position is a union position and is within the Upward Mobility Program.
Requirements
- Bachelor’s degree in accounting, finance, economics, or banking; or a master’s degree in business administration.
- Ability to pass an agency-conducted background check.
- Ability to travel frequently and extensively, both in and out of state.
- Valid, appropriate driver’s license and access to a vehicle for travel.
Nice To Haves
- Three years of experience working in a bank or financial institution.
- Three years of experience working in information technology, computer science, or a similar field.
- Two years of auditing experience.
Responsibilities
- Receive classroom and on-the-job training and complete assignments to learn how to conduct on-site examinations of financial institutions.
- Examine financial institutions and pawnbroker regulation applications to assess financial condition, safety and soundness, and compliance with state and federal laws and regulations.
- Evaluate corporate fiduciaries’ management, operations, internal controls and auditing, earnings, compliance, and asset management.
- Provide technical assistance to applicants on compliance requirements.
- Respond to sensitive or confidential inquiries that directly affect licensees’ abilities to conduct business.
- Evaluate statistical operational information provided by licensees, formulate reports, and recommend operational modifications.
- Learn to review initial and renewal pawnshop company license applications for compliance with statutory and rule-based licensing requirements.
- Travel frequently and extensively to assigned facilities for examinations.
- Perform other duties reasonably within the scope of the position.
Benefits
- Health, life, vision, and dental insurance.
- 12 weeks of paid maternity/paternity leave.
- Pension plan, with Tier II vesting at 10 years.
- Free health insurance during retirement with full 20-year retirement awards.
- Deferred compensation and other pre-tax benefits programs.
- Paid state holidays, 12–14 days annually.
- Three paid Personal Business Days annually.
- 12 paid sick days annually, with unused sick days carried over year to year.
- 10–25 days of paid vacation annually; 10 days in the first year of employment.
- Employee Assistance Program and/or mental health resources.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
