Employees in the Financial Institutions Examiner III position work in a team environment to conduct examinations of depository institutions (including banks, industrial banks, and credit unions) to determine their financial condition and compliance with applicable federal and/or state laws, regulations, and/or agency rules, standards, and guidelines. Examinations involve preparing detailed written and verbal reports, and include on-site contact with institution officers, directors and employees. Examiner III s may also conduct examinations of money service businesses subject to the department s jurisdiction. Examiner III s also provide technical expertise in a specialty area, train less-experienced examiners, and conduct special projects for agency management.
Examiners participate in a hybrid work environment with most field work conducted on-site at institutions, and some conducted working from home, or from the office. Examiners can spend roughly 20 percent of their time traveling, including overnight travel both within and outside the state, to perform examinations and to attend training.
Candidates must be residents of the state of Utah. Use of a private vehicle, subject to reimbursement, is required to arrive at field sites.
Principal Duties
Conducting examinations (i.e., determining the nature, scope and direction of the examination, reviewing and analyzing available information, identifying potential issues, scheduling examinations, preparing examination work papers, etc.).
Leading or functionally supervising staff; delegating work assignments, monitoring/reviewing quality of work, scheduling staff, providing technical assistance or training, and/or providing input on performance appraisal, hiring and discipline.
Ensuring compliance with applicable federal and/or state laws, regulations, and/or agency rules, standards and guidelines.
Analyzing, summarizing and/or reviewing data; reporting findings, interpreting results and/or making recommendations.
Writing or drafting correspondence, examination reports and other types of reports, documents and/or other written materials.
Reviewing and evaluating reports, documents, laws, rules, and regulations. Also editing, preparing, and approving summaries of findings.
Participating in or holding meetings to clarify, resolve and settle examination issues.
Monitoring and evaluating operations, programs, processes, and/or practices for quality and effectiveness; making recommendations for improvement.
This position may be underfilled as a Financial Institutions Examiner II if the applicant: has less than five years of work-related experience, has not fully met the field experience preferences identified below, or hasn't been commissioned by a state or federal depository institution regulatory agency. The Financial Institutions Examiner II pay range is $35.07 - $52.69 / hour.
Minimum Qualifications
The ideal candidate for this position meets the following criteria:
Five or more years of experience with a state or federal banking agency as a bank examiner and completed all FDIC core schools up through and including Introduction to Information Technology School and Introduction to Security, or equivalent.
Served as the lead Examiner-in-charge for a full-scope safety and soundness bank examination at least three times (including a practice exam ) and planned and conducted management and board of directors exit meetings.
Experience conducting examinations using the Examination Tool Suite (ETS) platform.
Experience completing Examination Documentation (ED) modules.
Currently working or recently worked in a dep
ository institution examiner position with another regulatory agency.
Effective communication skills.
Ability to identify complex problems and review related information to devel p and evaluate options and implement solutions.
Knowledge of principles, theories, and practices of auditing and accounting.
Knowledge of financial markets, models, and banking.
Strong writing skills, including the ability to compose and produce reports, documents, and related material using computer software.
Experience reviewing commercial loans, including an assessment of a regulated institution s underwriting and credit administration practices.
Preference may be given to candidates who also have experience as an examiner participating in and leading either: (i) regulatory information technology examinations at financial institutions and/or technology service providers, or (ii) consumer compliance examinations.
Why You Should Join Our Team
In addition to having a rewarding and fulfilling job, you will also receive great health and retirement benefits. Examiners also receive robust, career-long training to hone their skills. Click here{target="blank"} to view a summary of benefits we offer. We also provide generous paid time off so you can spend more time with your family and have a positive work-life balance.
The Agency
The primary mission of the Department of Financial Institutions is to charter, regulate, and supervise persons, firms, corporations, associations, and other business entities furnishing financial services to the citizens of the state of Utah. To learn more about the Department of Financial Institutions please click here.
