FinTech Examiner I

Commonwealth of Massachusetts•Boston, MA

13d•Hybrid

About The Position

The Division of Banks is currently accepting applications for the Information Technology Examiner I position in the Cybersecurity / Information Technology / FinTech Examination Unit. This role will be conducting IT and Cybersecurity examinations of Massachusetts state-chartered banks and credit unions as well as non-depository licensees. The selected candidate will participate in examinations of IT procedures, policies, and practices of Division regulated entities and contribute to examination reporting. This position offers meaningful public service experience and contributes to making sure the information of Massachusetts consumers is properly protected. As an employee of the Division of Banks, you will contribute to the mission of the Division of Banks by ensuring a sound, competitive, and accessible financial services environment throughout the Commonwealth. The Division maintains public confidence in Massachusetts financial institutions through the oversight of state-chartered banks and credit unions as well as non-depository licensees doing business in Massachusetts. We are a consumer protection agency, and we support financial literacy education and programs benefiting residents across the Commonwealth. The majority of the Division's employees are Examiners who conduct a variety of on-site and off-site examinations of financial institutions and licensed entities under the Division's jurisdiction. At the Division of Banks, every employee’s ideas and experiences are welcomed. We value and respect that each individual brings different skills and perspectives that uniquely contribute to our agency and the work that we do. It is important that each employee feel empowered to contribute as this allows for more effective collaboration and better results. Within our workplace community, we offer a variety of training and mentoring to create and maintain learning environments that are inclusive, equitable, and welcoming.

Requirements

At least one year of full-time, or equivalent part-time, professional experience in accounting, auditing, or bank examining work
Familiarity with information technology, cybersecurity, cybersecurity frameworks, or financial technology (fintech)
Experience and/or coursework in accounting, business, banking, finance, economics, or related fields (public policy, IT/cybersecurity, criminal justice, data analytics)
Strong analytical, multi-tasking, writing, and communication skills

Nice To Haves

Experience in information technology, cybersecurity, auditing, or consulting across any of the critical infrastructures.
Experience in the financial services industries including banking, mortgage, consumer finance, debt collection, loan servicing, or money services businesses.
Willing and able to travel throughout the Commonwealth of Massachusetts and travel out-of-state with some overnight stay (dependable way to travel to multiple sites around Massachusetts is required; driver’s license and access to a vehicle are recommended).
Previous examiner experience in a financial regulatory agency who have received certifications.

Responsibilities

Examine the IT records, practices, and policies of Massachusetts-chartered banks and credit unions and non-depository licensees to ensure appropriate standards are met
Assess technology risk at financial institutions by analyzing the information security program and Risk Management practices to ensure practices mitigate industry risk
Participate with a team on IT examinations
Gain knowledge of other examination areas
Attend state and federal regulatory training programs
Assist in the analysis of regulated entities (state-chartered banks and credit unions, non-depository licensees) by analyzing information technology documents and reports; reviewing policies and procedures; review information collected to ensure compliance with various cybersecurity frameworks.
Ensure proper safeguards and internal controls are met, and assess compliance with applicable laws, rules, and regulations.
Assist in the preparation of sections of the Examination Report and detailed work papers in an accurate and timely manner.
Confer with other state and federal agencies and audit/consulting firms as part of the examination process.
Communicate examination findings with internal and external leadership/stakeholders, both orally and written.
Present findings in meetings with senior leadership at regulated institutions to share examination findings.
Prepare agendas and other meeting materials.
As requested, research Fintech activities such as cryptocurrency and other evolving technologies (e.g. Quantum Computing, Artificial Intelligence, etc.).
Participate in formal and on-the-job training.