Financial Institutions Examiner Trainee - Ump

State of Illinois•Chicago, IL

12d•Hybrid

About The Position

Under direct supervision, receives training and works under an examiner-in-charge to assist in conducting selected, less complex portions of bank, corporate fiduciary, data processing center and/or service provider examinations assigned to the Banks, Trusts Companies and Savings Institutions Section in the Division of Banking. Gathers information; analyzes and evaluates data and provides written reports. Travels extensively to assigned facilities for examinations.

Requirements

Requires possession of a bachelor's degree in accounting, finance, economics, or banking; or a master's degree in business administration.
Requires the ability to pass an agency conducted background check.
Requires ability to travel frequently and extensively, both in and out-of-state.
Requires a valid appropriate driver's license and access to a vehicle for travel.
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 one year of Bank Examination Experience with Federal or State Agency.
Prefers at least three years of bank operations, accounting and reporting experience.
Prefers at least two years of auditing experience.
Prefers knowledge of state and/or federal laws, rules and regulations governing the financial industry and how they are applied.
Prefers at least three years of experience collecting, analyzing, and reporting examination/audit information at multiple levels.

Responsibilities

Under direct supervision, assists higher level examiners, travels and receives training in gathering information to analyze the operating procedures and the information systems/technology to determine the degree of risk to the bank, the adequacy and extent of compliance with policies, procedures, and internal controls, the extent of adherence to safe and sound practices, and the extent of compliance with state and federal laws, rules, and regulations.
Assists higher level examiners, travels and receives training in gathering information to analyze and evaluate assets, liabilities, capital accounts, and securities of banks and corporate fiduciaries to determine the adequacy and the extent of compliance with bank policies, procedures, and internal controls, and the extent of compliance with state and federal laws, rules and regulations.
Assists higher level examiners and receives training in gathering information to analyze and evaluate the earnings position of banks and corporate fiduciaries.
Assists higher level examiners and receives training in gathering information to analyze and evaluate the bank and corporate fiduciary stock records to determine the adequacy and extent of compliance with policies, procedures, internal controls and the extent of compliance with state and federal laws, rules and regulations.
Assists higher level examiners and receives training in gathering information to analyze and evaluate the quarterly consolidated reports of condition and income to determine if they were completed in accordance with the applicable instructions.
Participates in seminars and classroom training to learn more about the industry and various state and federal laws, rules and regulations.
Performs other duties as required or assigned which are reasonably within the scope of 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