Financial Institutions Examiner Trainee - Ump

State of Illinois•Chicago, IL

7d•Hybrid

About The Position

Under direct supervision for a period of six to twelve months, the Financial Institutions Examiner Trainee receives classroom and on-the-job training in performing on-site examinations of pawnbroker regulation applications. The work helps determine financial condition, safety and soundness, and compliance with state and federal laws and regulations. Training also covers evaluation of corporate fiduciaries’ management, operations, internal controls and auditing, earnings, compliance, and asset management. The position requires extensive travel to assigned facilities for examinations. The trainee receives training and completes job assignments to develop skills in conducting on-site examinations of financial institutions. The role also provides technical assistance to applicants on compliance requirements, responds to sensitive or confidential inquiries affecting licensees’ ability to conduct business, evaluates statistical operational information submitted by licensees, and learns to review initial and renewal pawnshop company license applications for compliance with statutory and rule-based licensing requirements.

Requirements

Possession of a 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.
Possession of a 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 develop skills in conducting on-site examinations of financial institutions.
Conduct on-site examinations of 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 applicants with technical assistance regarding compliance requirements.
Respond to sensitive or confidential inquiries that directly affect licensees’ ability to conduct business.
Receive and evaluate statistical operational information provided by licensees, formulate reports, and recommend operational modifications.
Learn to review initial and renewal license applications submitted by pawnshop companies for compliance with statutory and rule-based licensing requirements.
Perform other duties as required or assigned that are reasonably within the scope of the listed duties.

Benefits

Health, life, vision, and dental insurance
12 weeks of paid maternity/paternity leave
Pension plan, with 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
Three paid personal business days annually
12 paid sick days annually, with carryover from year to year
10–25 days of paid vacation annually, including 10 days in the first year of employment
Employee Assistance Program and/or mental health resources