Financial Non-Depository Examiner

State of Maryland • Baltimore City, MD

1d • Hybrid

About The Position

The Office of Financial Regulation Mortgage Supervision Unit is hiring a Financial Non-Depository Examiner Trainee, an entry-level financial examination position. The role examines and investigates licensed non-depository financial services providers for compliance with laws and regulations. Its purpose is to protect the public by ensuring licensees conduct safe, sound, lawful, honest, fair, and efficient financial services activities, and to promote integrity and confidence in the industries regulated by the Commissioner of Financial Regulation. The position is based at 100 S. Charles Street, Baltimore, Maryland. Remote work may be permitted at management’s discretion under the agency’s telework policies.

The examiner interacts with financial institution representatives during examinations and investigations, requests information and explanations about business activities, procedures, and policies, assists with exit interviews, and helps resolve findings. The trainee learns to review institutions’ books and records for compliance with state and federal requirements and to analyze financial-services transaction documents and information for adequacy, legal compliance, and suitability.

This is a full-time, permanent position eligible for state benefits. Employees may be assigned duties requiring operation of a motor vehicle, in which case a valid Maryland operator’s license is required. Employees may also be required to attend advanced formal training; some training may take place out of state and require overnight stays.

Requirements

• Four years of regulatory, investigatory, managerial, or professional experience in the financial services, consumer credit, or mortgage lending industry; accounting or auditing; state or federal regulation of these industries; or law enforcement.
• A bachelor's degree from an accredited college or university, including or supplemented by 24 credit hours in business administration, finance, economics, law, criminal justice, or accounting, may substitute for the required experience. The credit hours must include at least 6 hours in accounting or auditing.
• If assigned duties requiring operation of a motor vehicle, a valid Maryland motor vehicle operator’s license is required.

Nice To Haves

• Bachelor’s degree in accounting, finance, business administration, or economics.
• Experience analyzing financial statements and/or records.
• Knowledge of Maryland non-depository institutions, mortgage lending, and mortgage servicing.

Responsibilities

• Examine and investigate licensed non-depository financial services providers for compliance with applicable laws and regulations.
• Interact with financial institution representatives during examinations and investigations, including requesting information, documentation, and explanations of business activities, procedures, and policies.
• Assist with end-of-examination or investigation exit interviews and help resolve examination or investigation findings.
• Learn to review financial institutions’ books and records for compliance with federal and state laws and regulations.
• Learn to analyze financial-services transaction documents and information for adequacy, legal requirements, and suitability, including loan documents, financial services agreements, disclosures, databases, and pivot tables.

Benefits

• Flexible hours and hybrid teleworking.
• 12–13 paid holidays per year.
• Generous paid annual, sick, personal, and compensatory leave.
• State pension defined-benefit plan.
• Tax-deferred supplemental retirement savings plans, including 401(k) and 457 plans.
• 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: Entry Level