FINANCIAL INSTITUTIONS EXAMINER TRAINEE - Upward Mobility Program

State of Illinois•Chicago, IL

About The Position

Under direct supervision, for a period of six to twelve months, travels to various sites and receives training and completes job assignments to acquire knowledge and skills requisite for examining books, documents, and any other records relative to the Illinois Credit Union Act and to acquire the ability to evaluate the safety and soundness of credit union operations. Evaluates data and financial statements to determine appropriateness of controls, policies and procedures for programs and services. Completes writing assignments, indicating examination findings with the credit union.

Requirements

Requires possession of a bachelor's degree in accounting, finance, economics or banking; or a master's degree in business administration.
This class is included as an Upward Mobility Program credential title.
Requires possession of a valid driver's license.
Requires the ability to travel extensively.
Requires the ability to pick up and carry at least 25 pounds of equipment to and from job sites.
Requires the ability to pass an Agency conducted background check.
Certain provisions of the revolving door restrictions contained in 5 ILCS 430/5-45 apply to this position. As a result, the employee should be aware that if offered non-State employment during state employment or within one year immediately after ending State employment, the employee shall, prior to accepting any such non-State employment offer, notify the Office of the Executive Inspector General for the Agencies of the Illinois Governor (OEIG) or may be subject to a fine.
This position has been found to meet the requirements in section 4A-101 of the Illinois Governmental Ethics Act requiring the occupant/employee to file a Statement of Economic Interest. The Illinois Governmental Ethics Act (5 ILCS 420/4A et seq.) requires certain state officials and employees to file annual Statements of Economic Interest with the Office of the Secretary of State that will be made available for examination and copying by the public. All employees required to file a Statement of Economic Interest are also required to file the Supplemental Statement of Economic Interest with the Executive Ethics Commission. (See Executive Order 15-09) Fines and penalties apply to untimely filings.

Nice To Haves

Prefers three years of audit or examination experience of banks, credit unions, mortgage companies, or other financial institutions.
Prefers three years of experience working in a bank, credit unions, mortgage company, or other financial institution.
Prefers three years of experience collecting and analyzing financial data, as well as drafting detailed and complicated examination reports.
Prefers knowledge of the business administration, policy & procedures, and operation practices of financial institutions.
Prefers knowledge of State and Federal laws and regulations governing the financial industry and how they are applied.
Prefers three years of experience working with technology used by financial institutions or financial government regulators.

Responsibilities

Assists higher-level examiners and receives training in performing on-site exams of records, documents or other data to ascertain compliance with State/Federal laws and regulations applicable to the state-chartered credit union under examination.
For training purposes, evaluates and analyzes data and financial statements to determine accuracy and appropriateness of controls, policies, and procedures of programs and services in order to ensure safety and soundness in the operations of the institution.
Completes writing assignments, including documentation of examination findings and scope narratives, to amass skills necessary to complete detailed examination reports.
Attends and participates in meetings relative to the examination of a credit union to discuss findings and provide routine advice and assistance, which addresses existing areas of concern. Often travels to conduct this duty.
Learns and retains knowledge of applicable State/Federal statutes and regulations governing the credit union industry.
Establishes and maintains effective public relations and working relationships with officials of the credit union industry.
Recognizes and reports existing and potential problems based upon established procedures and criteria.
Participates and completes various trainings as required.
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