Financial Institutions Examiner

The Department of Business and Industry is recruiting to fill a Financial Institutions Examiner 2 position within the Financial Institutions Division in Las Vegas. The incumbent conducts annual examinations of licensed depository and/or non-depository institutions to ensure safety and soundness and compliance with State and federal laws and regulations. The incumbent conducts exit meetings with licensees; explaining examination findings and providing recommendations for any violations of State and federal laws and regulations.

The incumbent prepares reports of examination and investigation reports for review by the FID Examiner 3 and/or Supervisory Examiner. The incumbent is responsible for training team members and ensuring adherence to established procedures for collecting and correlating information generated by the team.

Bachelor's degree from an accredited college or university in business administration, accounting, economics, finance, or related discipline and one year of professional experience conducting audits and/or examining financial records and reports; OR one year of experience as a Financial Institutions Examiner I in Nevada State service; OR an equivalent combination of education and experience as described above.

Review an institution's prior examinations, correspondence and documents on file in order to become familiar with the nature of the institution and to develop an exam plan.

Ensure compliance with regulatory licensing requirements for various types of financial entities, including depository, trust, lending, collection, 1031 exchange, and money transmission entities.

Conduct entrance and exit meetings with management of the institution to answer questions regarding the examination, verify facts and discuss findings.

Review activities to ensure compliance with laws and regulations; evaluate internal and external audit procedures to ensure that adequate controls are in place; analyze the financial and operating condition of each institution to assist in the determination of the institution’s safe and sound operation and overall condition.

Analyze key safety and soundness components, ratios and trends; review adequacy of capital to assets and liabilities; determine the viability of loans and investments; evaluate the adequacy of management policy and procedures, earnings, and liquidity; determine market and interest rate sensitivity; examine interest rates and fees applied; verify cash, deposit and share account balances.

Prepare and/or assimilate and analyze reports prepared by assisting examiners and arrive at a conclusion regarding the overall condition of the institution; prepare final report detailing findings and recommendations; assist in coordinating appropriate corrective measures in accordance with established laws, regulations, policies and procedures. Review, investigate and process licenses for newly approved institutions and for institutions renewing their licenses; make recommendations for acceptance or denial;

respond to informational inquiries and complaints from licensees and the general public; conduct follow-up investigations as necessary; and take enforcement actions as necessary or make referrals to the criminal division in the Attorney General’s Office if warranted.

Perform related duties as assigned.

Under general supervision, incumbents perform the full range of duties described in the series concept at the journey level. Duties are distinguished from the Financial Institutions Examiner I class by greater complexity and independence in performing job assignments.

This job specification lists the major knowledge, skills and abilities of the job and is not all inclusive. Incumbent(s) will be expected to have knowledge, skills and abilities from a previous level.

• Federal and State laws and regulations applicable to financial institutions sufficient to analyze facets of operations for safety, soundness and compliance;
• Standard internal controls and security procedures;
• Real estate appraisals;
• Financial institutions examination policies and procedures;
• Contemporary business structures;
• Auditing theory, principles, and practices;
• Financial, liquidity, and interest rate risk and ratio and trend analysis.

• Interpret and apply State and federal laws and regulation related to examinations.

• The use of computer software commonly used in financial analysis.

Recruiter Contact Information:
Kara Carmonne- karacarmonne.gov