Financial Non-Depository Examiner II

State of Maryland • Baltimore City, MD

3d • Hybrid

About The Position

A Financial Non-Depository Examiner II is the full performance level of financial examination work. Employees in this classification examine the accounts, records, consumer transactions and business practices of non-depository financial institutions (i.e., consumer loan, sales finance, installment loan, mortgage lenders, collection agencies, check cashiers, money transmitters and debt management companies) primarily located at the business’ headquarters. Resumes may be submitted as supplemental information; however, all sections of the application must be completed in full . Incomplete applications will not be considered. GRADE 18 LOCATION OF POSITION 100 S. Charles Street, Baltimore, MD 21201 Main Purpose of Job To examine/investigate all areas of licensed non-depository financial services providers for compliance with laws and regulations, to protect the general public by ensuring licensees engage in safe and sound financial services activity in a lawful, honest, fair, and efficient manner, and promote integrity and confidence in the financial services industries regulated by the Commissioner of Financial Regulation. A Financial Non-Depository Examiner is an examiner position that may, in management’s discretion, work remotely in accordance with the Agency’s telework policies.

Requirements

• Seven years of experience, three years of experience examining or auditing the accounts, records and business practices of non-depository financial institutions or in managerial or professional work in the financial services, consumer loan, sales finance, installment loan, mortgage lenders, collection agencies, check cashiers, money transmitters, debt management and/or law enforcement industries and four years of additional regulatory, investigatory, managerial or professional experience in the financial services industry, consumer credit industry, mortgage lending industry, accounting or auditing work or State or federal experience regulating the above industries or in law enforcement.
• Candidates may substitute the possession of a Bachelor's degree from an accredited college or university including or supplemented by a total of 24 credit hours in business administration, finance, economics, law, criminal justice or accounting and three years of experience examining or auditing the accounts, records and business practices of non-depository financial institutions or in managerial or professional work in the financial services, consumer loan, sales finance, installment loan, mortgage lenders, collection agencies, check cashiers, money transmitters, debt management and/or law enforcement industries for the required experience. These credit hours must include a minimum of 6 credit hours in either accounting or auditing.
• Candidates may substitute the possession of a Juris Doctor degree from an accredited law school, a certificate as a Certified Public Accountant, or a Master’s degree in business administration or accounting from an accredited college or university for one year of the required experience.
• Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in logistics specialist classifications or administrative support specialty codes in the financial management or auditing fields of work on a year-for-year basis for the required experience.

Nice To Haves

• Certified Mortgage Examiner (CME), Certified Senior Mortgage Examiner (CSME), or other professional certification.
• Prior experience as a servicing examiner or in a similar role
• Extensive understanding of relevant federal and state regulatory requirements related to mortgage servicing.
• Experience supervising and examining servicers in compliance with the Mortgage Servicing Rules
• Experience substantively writing compliance-based audits, or internal reviews reports of any financial lenders or servicers.

Responsibilities

• Interacting with representatives of financial institutions, including coordinating the examination/investigation, requesting information and documentation, requesting explanations as to business activity, procedures and policies, conducting an end of examination/investigation exit interview, and resolving examination/investigation findings.
• Review the books and records of financial institutions to ensure compliance with federal and state laws and regulations.
• Prepare schedules and work papers detailing actives of the licensees being examined/investigated.
• Analyze for adequacy, legal requirements and suitability documents and information related to financial services transactions, including loan documents, financial services agreements, disclosures, databases and pivot tables.
• Analyze financial records (bank statements, financial statements-Balance Sheets; Income Statements, Retain Earnings, Cash Flow Statements) to assess the financial condition of the non-depository institution.

Benefits

• Flexible hours and hybrid teleworking
• Paid holidays: 12-13 per year
• Generous paid leave package (annual, sick, personal and compensatory leave)
• State Pension ("defined benefit" plan)
• Tax-deferred supplemental retirement savings plans (401(k) and 457)
• Comprehensive, subsidized health, dental and prescription plans with little to no deductibles, free generic prescriptions, and free preventative health services
• Flexible Spending Account plans for Health Care and Daycare
• State Employees Credit Union

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 101-250 employees