Money Transmitter Examiner

State of North Carolina•Physical Wake, NC

4d•$55,000 - $90,000•Hybrid

About The Position

The N.C. Office of the Commissioner of Banks (NCCOB) is seeking a journey-level financial examiner to join the Money Transmission (MT) Team. The primary purpose of this position is to gather, organize, review, and analyze information concerning the operation of money transmission and check-cashing licensees, ensure the safe and lawful conduct of the business, and assess compliance with applicable state and federal laws and regulations. Examiners are expected to analyze financial statements, assess management, determine the adequacy of internal controls; investigate unusual or high-risk activity, including indications of money laundering; communicate information to industry management and others, as appropriate, consistent with applicable laws, policies, and industry practices; develop and maintain professional working relationships with industry groups, regulatory associations, and other state and federal agencies; prepare accurate and timely written reports, explain the basis for cited violations, and recommend appropriate corrective action; maintain confidentiality and discretion while conducting agency business and may be called to testify in judicial hearings; work independently under minimal supervision and adapt easily to changing circumstances; demonstrate sound judgment in making decisions and recommendations; demonstrate the ability to effectively communicate complex concepts through strong written and verbal communication skills; train others as assigned. If journey-level applicants are not identified, contributing level will be considered.

Requirements

Ability to interpret laws, rules, regulations, industry standards, and accounting/reporting processes applicable to the money transmission and check-cashing industries.
Ability to apply this knowledge to analyze financial records of licensees and identify areas of risk, material deficiencies, and violations of state and federal laws, regulations, and compliance.
Proficiency in presenting concise, comprehensive, and accurate findings through both written products and oral presentation.
Experience with data analysis and creating spreadsheets and reports.
Performance abilities include: objectivity, time management, integrity, clarity (report writing and oral presentations), attention to detail, teamwork, professional presentation, initiative, and organizational sensitivity.
Proficiency in the use of technology to include Microsoft Office (e.g., Word, Excel, PowerPoint, and Outlook).
Ability to quickly learn existing in-house systems and emerging technologies.
Bachelor's degree in a related field (accounting, banking, finance, business) and a minimum of two courses (at least 6 hours) of accounting or equivalent work experience (for Contributing Level).
At least three (3) years of examination experience or experience working for a money services business (for Journey Level).

Nice To Haves

Working knowledge of the Nationwide Multistate Licensing System & Registry (NMLS).
Working knowledge of BSA/AML, OFAC, and GLBA regulations.
Working knowledge of reading and analyzing financial statements.
Experience with virtual currency or digital assets.
Spanish-speaking.

Responsibilities

Gather, organize, review, and analyze information concerning the operation of money transmission and check-cashing licensees.
Ensure the safe and lawful conduct of the business.
Assess compliance with applicable state and federal laws and regulations.
Analyze financial statements.
Assess management.
Determine the adequacy of internal controls.
Investigate unusual or high-risk activity, including indications of money laundering.
Communicate information to industry management and others, as appropriate, consistent with applicable laws, policies, and industry practices.
Develop and maintain professional working relationships with industry groups, regulatory associations, and other state and federal agencies.
Prepare accurate and timely written reports, explain the basis for cited violations, and recommend appropriate corrective action.
Maintain confidentiality and discretion while conducting agency business.
May be called to testify in judicial hearings.
Work independently under minimal supervision.
Adapt easily to changing circumstances.
Demonstrate sound judgment in making decisions and recommendations.
Demonstrate the ability to effectively communicate complex concepts through strong written and verbal communication skills.
Train others as assigned.