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NON-DEPOSITORY FINANCIAL INSTITUTIONS EXAMINER 2

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

An employee in this job conducts examinations of non-depository financial institutions, which include, but are not limited to, mortgage bankers and brokers, check cashers, pawn brokers, installment sellers, sales finance companies, debt management companies and consumer discount companies or conducts investigations of licensed or unlicensed non-depository financial institutions where violations are suspected. Work includes independently examining small or less complex money transmitters or participating in the examination and report writing of large or complex money transmitters. Work involves examining records,
policies, and documents for compliance with established laws, regulations, and sound management principles. Employees in this job are responsible for discussing questionable transactions with institutional officials, developing reports of findings and making recommendations for improvement. Work may also involve providing informal on-the-job training and guidance to lower-level examiners. Work is performed independently and is intermittently monitored during the examination or investigative process through discussion and review of written reports by a supervisor or higher-level examiner.

EXAMPLES OF WORK: Conducts non-depository financial institution examinations to ensure compliance with applicable laws and regulations.

Reviews documents prior to an examination to identify areas of concern.

Conducts investigations of licensees or unlicensed entities where violations of the Department’s laws and regulations are suspected.

Conducts or assists in the examination of companies identified as high- risk for consumer harm or financial insolvency.

Participates in multi-state examinations of non-depository institutions.

Reviews documents and reports obtained during the examination.

Prepares one or more components of the Capital Adequacy, Agent Control, Management, Earnings, and Compliance (C.A.M.E.C.) rating or other appropriate rating for money transmitters with direction from a supervisor or higher-level examiner.

Completes reports of examinations or investigations, including recommendations for corrective action.

Discusses irregularities and violations with institutional management.

Evaluates the operations of a company through an analysis of internal controls, hiring practices and the processing of consumer complaints.

Analyzes financial statements for capital adequacy and profitability of operations.

Reviews loan files, loan registers and delinquent loans.

Analyzes loans for appraisal, credit, and sound underwriting practices.

Investigates illegal operations of unlicensed lenders and brokers, check cashers and installment sellers.

Investigates complaints about institutional practices.

Reviews motor vehicle sales contracts for required format, disclosures, and compliance with the requirements of the Motor Vehicle Sales Finance Act.

Analyzes and evaluates non-depository financial institutions information technology systems and procedures.

Testifies in court when the Department initiates actions against companies.

Travels to non-depository financial institutions and required training sites in remote locations both within and outside of the state.

Provides on-the-job training and reviews the work of lower-level examiners for adherence to standards.

Performs related work as required.

REQUIRED KNOWLEDGES, SKILLS, AND ABILITIES: Knowledge of the laws, rules, regulations and standards governing the operation of non-depository financial institutions.

Knowledge of financial data analysis techniques and principles.

Knowledge of accounting principles.

Knowledge of the principles and practices of non-depository financial institutional management.

Knowledge of the examination process for non-depository institutions.

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 establish and maintain effective working relationships.

MINIMUM EXPERIENCE AND TRAINING: Two years as a Non- Depository Financial Institutions Examiner 1;

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Two years of professional experience in examining or investigating non- depository financial records and business operations for conformance to laws, rules and regulations and a bachelor's degree including or supplemented by nine credits in accounting, finance, economics or a closely related field;

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An equivalent combination of experience and training which includes nine college credits in accounting, finance, economics or a closely related field.