Financial Institutions Examiner

Position: FINANCIAL INSTITUTIONS EXAMINER 1

The Department of Business and Industry is recruiting to fill a Financial Institutions Examiner 1 position within the Financial Institutions Division in Las Vegas. The incumbent participates in annual examinations of licensed depository and/or non-depository financial institutions to assess safety and soundness and ensure compliance with applicable State and federal laws and regulations. Duties include conducting exit meetings with licensees to explain examination findings and provide recommendations for addressing violations or deficiencies;

preparing reports of examination and investigation reports for review by the FID Examiner 3 and/or Supervisory Examiner; and performing related examination and regulatory activities as assigned.

Bachelor's degree from an accredited college or university in business administration, accounting, economics, finance, or related discipline; 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 close supervision, incumbents perform the duties described in the series concept in a training capacity. Work is assigned through instructions and reviewed for technical accuracy. Progression to the next level may occur upon completion of required training, meeting the minimum qualifications, satisfactory performance and with the recommendation of the appointing authority.

Working knowledge of: accounting principles and practices.

General knowledge of: auditing theory, principles, and practices.

Ability to: review complex data and reach logical conclusions; maintain records and prepare reports and correspondence; communicate effectively with others regarding institutional examinations; maintain confidentiality of information; establish and maintain positive colleague and public relations; function as a member of a team.

Skill in: written English sufficient to compose examination reports; mathematical computation. Ability to: utilize computer software commonly used in financial analysis.