Indianapolis, Indiana
Financial Examiner Job Opening in Indianapolis, Indiana - Work for Indiana
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Department of Financial Institutions
The Department of Financial Institutions was created by the Indiana Financial Institutions Act of 1933. This act commissioned the Department with the responsibility for supervising commercial banks, trust companies, private banks, savings banks, building and loan associations, credit unions, and finance companies incorporated under the laws of the State of Indiana. The Department?s scope of regulatory responsibilities has since been broadened to include supervision of pawnbrokers, licensees under the Uniform Consumer Credit Code, licensees under the Indiana Small Loan Act, industrial loan and investment companies, money transmitters, check cashers, budget service companies, and rental-purchase agreement companies.
Financial Examiner
The Indiana Department of Financial Institutions is currently seeking a Financial Examiner. This position serves the Depository Division of the Department of Financial Institutions for the State of Indiana. The Financial Examiner will examine the safety, soundness, and level of compliance of state chartered financial institutions; primarily banks and credit unions.
A day in the life
The Financial Examiner plays an important role in the regulation of financial institutions like banks and credit unions. Below are regular job duties and responsibilities:
Compliance with the mentor based training program.
Utilizes resource materials in preparing for and analyzing assigned areas.
Takes an active role and is personally responsible in their own training.
Provides timely information according to established policies and procedures to supervisor regarding training needs and assessment. Seeks and is open to feedback from all sources.
Satisfactory compliance with training action plans developed by the Regional Field Supervisor is required.
Perform detail responsibilities as assigned.
Proficiently analyzes capital adequacy, profitability, and balance sheet in light of current levels, trends, and future prospects. Performs these areas with decreasing level of direct supervision and comment revision.
Performs an analysis of liquidity, investments, and sensitivity to market risk with direct supervision.
Determines the adequacy of and identifies risk inherent in internal controls, policies, practices, and management information systems.
Demonstrates basic knowledge of computer applications used. Utilizes available technology to assist in analyzing financial institutions.
What we?re looking for
The candidate?s background should include:
Bachelor's Degree in Finance, Accounting, Business Administration, Economics, Mathematics or a related field.
Ability to identify, apply and interpret laws, regulations and policies applicable to assigned areas as well as examination policies and procedures.
Willingness to research and assist examination staff in resolving issues in the field.
Evaluate financial data and incorporates findings from management discussion to measure an institution?s performance.
Benefits
The State of Indiana offers a comprehensive benefit package which includes:
Choose from four medical plans (including RX coverage), vision and dental
Wellness program that offers eligibility into a discounted medical plan
Health savings account, offered for most medical plans, includes state contributions
Deferred compensation account (similar to a private sector?s 401 K plan) with employer match, as well as a choice between two fully funded pension plans
Group life insurance
Employee assistance program that allows for covered behavioral health visits
Paid vacation, personal and sick time off
The State of Indiana offers other generous leave policies covering a variety of employee needs
12 company paid holidays, 14 on election years
Qualified employer for the Public Service Loan Forgiveness Program
Free downtown parking
EEOC
The State of Indiana is an Equal Opportunity Employer
Job Type: Full-time
Required education:
Bachelor's
Required experience:
finance, banking or credit union compliance and policy: 4 years
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