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DEPOSITORY FINANCIAL INSTITUTIONS EXAMINER 1

DEFINITION: This is beginning level professional work in the examination of depository financial institutions or trust companies regulated by the Department of Banking and Securities for compliance with laws, regulations and sound management practices.

An employee in this job performs a variety of assignments and participates in formal training programs and on-the-job training to develop skills in the application of examination techniques for depository financial institutions or trust companies. Work includes assisting in the examination of records, policies and procedures for compliance with regulations. As knowledge and technical proficiency is acquired, employees are given increased responsibility for completing assigned portions of an examination of small or moderately sized departments within depository financial institutions. Work at this level involves assisting in the examination of records under the guidance of higher-level examiners, who assign work, provide instruction and assistance on work problems and review work upon completion for quality and adherence to established policies and procedures.

EXAMPLES OF WORK: Participates in formal and on-the-job training assignments, basic examining schools or equivalents and training seminars.

Participates in depository financial institutions examinations within an assigned region or other locations as necessary.

Conducts practice examinations as developmental assignments.

Participates in specialized training in the areas of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) or capital market products.

Analyzes institutional operations for sound accounting practices, operating procedures, comprehensive policies and internal controls.

Reviews and analyzes financial institution documentation and practices for deficiencies, irregular or illegal activities, conflicts of interest and regulatory compliance.

Assists in the review of loan portfolios for safe and sound credit management, underwriting, administration practices and compliance; evaluates appraisals and classification of assets.

Reviews maturity distribution, evaluations, concentrations and industry ratings as part of the institution’s investment portfolio.

Analyzes balance sheets and earnings statements, comparative analyses, earning trends and other written reports.

Reconciles capital accounts and other subsidiary and general ledger accounts.

Reviews procedures and work papers utilized in the preparation of institutional quarterly regulatory reports.

Reviews independent audit reports for organizational and management problems within the institution and for regulatory compliance.

Travels to financial institutions and required training sites located in areas both within and outside of the state.

Performs related work as required.

REQUIRED KNOWLEDGES, SKILLS, AND ABILITIES: Knowledge of basic accounting principles.

Knowledge of computerized accounting processes.

Knowledge of financial data analysis techniques and principles.

Knowledge of the use and functionality of standard software application programs, such as word processing, spreadsheet, e-mail and database.

Ability to perform and interpret mathematical calculations and expressions.

Ability to communicate effectively orally.

Ability to communicate effectively in writing.

Ability to apply and interpret written materials.

Ability to establish and maintain effective working relationships.

MINIMUM EXPERIENCE AND TRAINING: A bachelor's degree with a major in accounting, finance, economics or information technology including or supplemented by nine credits in accounting;

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An equivalent combination of experience and training which includes nine college credits in accounting.