Financial Non-Depository Examiner Lead/Advanced

State of Maryland • Baltimore City, MD

3d • Hybrid

About The Position

A Financial Non-Depository Examiner Lead is the lead 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. To examine/investigate all areas of licensed money services businesses, including but not limited to money transmitters, debt management agencies, and consumer lenders (collectively, “Licensees” for compliance with applicable laws and regulations, to ensure Licensees engage in safe and sound financial services activity in a lawful, honest, and fair manner. A Senior Financial Non-Depository Examiner reviews and approves the work of and trains lower-level Financial Non-Depository Examiners. A Senior Financial Non-Depository Examiner also functions as Examiner-In-Charge (EIC) with full responsibility for the entire examination/investigation team and the completion of examination/investigation reports and recommendations for corrective actions of the Licensees being examined. A Senior 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

• Eight years of experience, four 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 four 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.
• Applicants must meet the selective qualification(s) to be considered. Include clear and specific information on your application regarding your qualifications.
• 5 years of experience conducting examinations for financial institutions at a state or federal regulatory agency.
• Must be able to travel an average of 50% to 60% of the time, both outside the State of Maryland and throughout the entire state.
• Employees in this classification may be assigned duties which require the operation of a motor vehicle. Employees assigned such duties will be required to possess a motor vehicle operator’s license valid in the State of Maryland.
• Employees in this classification may be required to attend advanced formal training classes.

Nice To Haves

• Experience applying federal laws applicable to money transmitters, including BSA, UDAAP and EFTA, as well as state licensing laws.
• Experience reviewing financial statements of financial services providers, including assessing a company’s financial condition.
• Experience in mentoring junior examiners, leading teams, including examination teams, or coordinating multi-state reviews.
• Experience in cybersecurity and/or IT principles and frameworks, including experience reviewing and assessing the adequacy of cybersecurity and/or IT program.

Responsibilities

• Assigns, reviews, and approves the work of and trains lower-level Financial Non-Depository Examiners, including providing advice and guidance to lower-level Financial Non-Depository Examiners in all facets of the examination/investigation process.
• Interacting with representatives of Licensees, 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 Licensees to ensure compliance with federal and state laws and regulations.
• Prepare schedules and work papers detailing actives of the Licensees being examined/investigated.
• Analyze documents and information related to financial services transactions for adequacy and compliance with legal requirements, 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 Licensee.
• Review and analyze complaints filed against Licensees or other entities under the jurisdiction of the Commissioner of Financial Regulation.

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