FINANCIAL INSTITUTION EXAMINER 1 - DOF

Posting Begin Date: 2024/07/02

Posting End Date: 2024/07/31

Category: Accounting and Finance

Sub Category: Accounting and Finance

Work Type: Full Time

Location: Boise, ID, United States

Minimum Salary: 30.34

Maximum Salary: 30.34

Pay Rate Type: Hourly

Description

Excelling in Supervision ◊Fostering Innovation

Protecting Idaho's Financial Health

Applications will be accepted through 4:59 PM MST on the posting end date.

Department of Finance Mission:

To diligently promote access to healthy and comprehensive financial services for Idaho citizens. This is accomplished through prudent and efficient oversight of financial institutions, investment opportunities, and credit transactions. Through administration of laws enacted by the Idaho Legislature, legitimate financial transactions are encouraged, while fraud, unsafe practices, and unlawful conduct are detected, and appropriate enforcement actions are taken.

The Department of Finance has an amazing opportunity for a professional to join our Financial Institutions Bureau as aFinancial Institutions Examiner 1. This is the first level of a multi-level job series. The Financial Institutions Bureau is responsible for promoting the safety and soundness of state-chartered banks, credit unions, and trust companies through efficient and effective oversight. The Financial Institution Examiner position plays a critical role in ensuring the safety and soundness of Idaho's state-chartered financial institutions and ensuring that Idahoans have access to strong and comprehensive financial services.

Working for the Department of Finance offers the ability to balance work and life commitments, including a flexible work schedule, PERSI retirement, medical/dental insurance, a wellness program, tuition reimbursement for qualifying education, travel opportunities, and state-facilitated training.

Under normal circumstances, this position requires overnight travel an average of 30% of the time both in and out of state. Additional overnight travel, up to a combined total of 40% of the time, may occasionally be required due to special circumstances.

Benefits:

• Participation in one of the Nation's best state retirement systems: PERSI (https://www.persi.idaho.gov/members-1)

• An opportunity for Student Loan Forgiveness (https://studentaid.gov/pslf/)

• 11 paid holidays a year

• Paid parental leave

• Excellent Medical, Dental, and Vision (https://ogi.idaho.gov/fy25-benefit-information/) plans

• Sick and vacation leave that accrue as soon as you start

• Optional 401K, and optional 457

• Basic life insurance for employee and family

• Wellness programs

• Training opportunities

Summary:

The Financial Institution Examiner 1 serves as a member of an examination team that reviews and assesses the activities of state-chartered financial institutions for safety and soundness, compliance with state and federal laws, and adherence to regulatory guidelines and industry standards.

Example of Duties:

• Under direct supervision, assesses financial institutions to determine existence of safe and sound practices and the general character and competence of management to effectively identify, measure, and control related risks.

• Under direct supervision, prepares financial schedules and conducts analysis of the financial and operating conditions of financial institutions.

• Analyzes financial statements, general ledger accounts, performance measurements and ratios, capital, earnings, liquidity, investment portfolios, asset/liability management strategies, market risk management strategies, and other information to measure performance and condition.

• Assess risk exposure, confirm proper accounting and regulatory reporting.

• Conformance with state and federal laws, rules, regulations and regulatory guidelines.

• Under direct supervision, performs operations examinations to evaluate capital adequacy, earnings performance, liquidity, and exposure to market risk.

• Assesses effectiveness of market risk management program, investment strategies, internal controls, accuracy of regulatory financial reporting, adequacy of the budgetary process, scope, independence and competency of the internal and external audit function, and adequacy of management's responsiveness to audit and regulatory examination findings and recommendations.

• Interacts with financial institution staff and third parties, including other regulators, to conduct examinations and investigations and resolve complaints.

• Prepares comprehensive written reports and examination work papers supporting conclusions, deficiencies and recommendations.

• Presents examination findings and recommendations to financial institution management and directors.

  Minimum Qualifications:

Good knowledge of:

• Accounting/finance theory, principles, and practices

• Statistical analysis

Experience:

• Applying accounting principles to reconcile accounts

• Computing and verifying statistical relationships and identifying trends

• Examining financial statements and reports for completeness and accuracy

• Interpreting laws, rules, regulations, policies, and procedures

• Preparing written reports and correspondence

  Supplemental Information

Candidates who reach the final hiring stage will be required to participate in a background check, including criminal history, credit, driving record, and education. Having a criminal record will not automatically eliminate applicants from consideration but may be considered as part of the hiring process.

EEO/ADA/Veteran:

The State of Idaho is committed to providing equal employment opportunities and prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibit discrimination against all individuals based on their race, color, religion, political affiliation or belief, sex, national origin, genetics, or any other status protected under applicable federal, state, or local laws.

The State of Idaho is committed to access and reasonable accommodations for individuals with disabilities, auxiliary aids and services are available upon request. If you require an accommodation at any step in our recruitment process, you are encouraged to contact (208) 334-2263 (TTY/TTD: 711), or email[email protected].

Preference may be given to veterans who qualify under state and federal laws and regulations.