Principal Financial Examiner

The State of Connecticut, Department of Banking (DOB), is accepting applications from current agency employees for the position of Principal Financial Examiner.

• Professional growth and development opportunities.
• A healthy work/life balance to all employees.

• Full time, 40 hours per week
• Monday through Friday
• First shift
• Located at 280 Trumbull Street in Hartford, CT
• This hybrid position is eligible to apply for telework, in accordance with the Telework Policy.

• Act as a working supervisor for other examiners.
• Lead complex and highly visible examinations.
• Review examination reports including the most complex examinations.
• Review reports of investigations, including the most complex and time consuming investigations when needed.
• Provides information and guidance to regulators, industry and public on areas of expertise.
• Assist with developing and implementing division policy and operating procedures to gain operational efficiencies.
• Train less experienced examiners.
• Assist the Banking Department Manager with staff evaluations including annual performance appraisals.
• Help facilitate resolutions of consumer complaints.
• May work with prosecuting officials and testify in court or administrative hearings with regard to examinations and investigations.
• Recommend disciplinary action against regulated entities as appropriate.

The Department of Banking (DOB) mission is the primary state regulator for state-chartered banks and credit unions, securities, and consumer credit. Its mission is to protect users of financial services from unlawful or improper practices by ensuring regulated entities and individuals adhere to state banking, consumer credit and securities laws.

The Department accomplishes this through regular, thorough, and cost-effective examinations of the entities it supervises. The Department also engages the public and other stakeholders through a variety of media platforms, educational outreach initiatives, and press communications.

In the Department of Banking this class is accountable for acting as a working supervisor for other examiners in the most difficult, complex and sensitive examinations and investigations of the financial entities regulated by the Department of Banking.

• Assigns roles and tasks and provides guidance to a team of examiners conducting non-routine examinations or investigations of banks, credit unions, broker-dealers, investment advisers, mortgage companies, consumer lenders and other financial entities.
• Ensures timely and accurate completion of work.
• Recommends and supports exam or investigation findings.
• Develops and recommends procedures within assignment area.
• Acts as liaison with other regulators, entity’s senior management and agency managers.
• Reviews or conducts specialized portions of exam or investigation.
• Assesses financial condition and/or regulatory compliance by reviewing, analyzing and consolidating team assignments.
• Conducts enforcement activities including documentation of violations, recommending corrective action, negotiating settlement terms, working with other regulators and participating in hearings.
• Communicates with entity’s senior management to review issues and findings, prepares exam and investigation reports.
• Trains less experienced examiners.
• Provides information and guidance to regulators, industry and public on areas of expertise.
• May work with prosecuting officials and testifies in court or administrative hearings with regard to examinations and investigations.
• May conduct or assists in conducting performance evaluations.
• Performs related duties as required.

• Considerable knowledge of the organization, operations and business practices of financial entities such as banks, credit unions, trust companies, broker-dealers, investment advisers, mortgage companies and other non-bank grantors of credit.
• Statutes and regulations applicable to entities.
• Principles and practices of accounting, auditing and finance.
• Regulatory and investigative procedures and techniques.
• Considerable oral and written communication skills.
• Interpersonal skills.
• Negotiation skill.
• Ability to utilize computer software.
• Supervisory ability.

Eight (8) years of experience in the regulation of financial entities or in accounting, auditing, banking or finance.

NOTE:

Financial entities are defined as domestic and international banks, credit unions,…