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, receives on the job training and completes job assignments to acquire knowledge and skills requisite for examining books, documents and any other records relative to the establishment, operation, consolidation, or dissolution of Residential Mortgage licensees and student loan processors for the Residential Finance Section in the Division of Banking. Logs examination information on spreadsheets, tables and data bases. Assist in reviewing leases, files, contracts and records. Travels to facilities for examinations and to attend and participate in meetings.

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 the possession of a valid, appropriate drivers license, and the ability to travel.

Nice To Haves

Prefers three years of audit or examination experience of banks, mortgage companies, or other financial institutions.
Prefers three years of experience working in a bank, 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 examinations of records, documents, collateral, or other related materials for purposes of ascertaining compliance with state/federal laws and regulations applicable to the institution under examination.
To facilitate the amassing of skills necessary to affect logical, systematic, documented reports, composes written assignments, indicating examination findings within the pertinent institution.
For training purposes, attends and participates in meetings relative to the examinations of a financial institution to discuss findings and provide routine advice and assistance which addresses existing areas of concern.
Assist in reviewing leases, loan files, employment contracts, board of directors, and corporate records.
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