07/16/2008 03307

DIRECTOR, BUREAU OF NON-DEPOSITORY EXAMINATION

DEFINITION: This is highly responsible managerial work in planning and directing the statewide examination program and policies for non-depository financial institutions regulated by the Department of Banking.

The employee in this job is responsible for planning, managing, and coordinating the statewide examination program and policies for non-depository financial
institutions, which include but are not limited to mortgage bankers and brokers, check cashers, installment sellers, and consumer discount companies, and for
directing and coordinating the activities of the Eastern and Western Region Field Offices for non-depository examinations. Work involves developing examination
programs and procedures, formulating Bureau policy, coordinating enforcement actions, and proposing legislation and regulations designed to protect consumers from fraud and promote the initiatives of the agency. Supervision is exercised over subordinate Financial Institutions Regional Office Supervisors. Work is performed independently under the general direction of the Secretary or Deputy Secretary who reviews work through analysis of reports, conferences, and achievement of statewide goals and objectives.

EXAMPLES OF WORK: Develops, recommends, and implements policies, goals, and objectives for the statewide examination program for non-depository financial
institutions.

Coordinates the statewide examination program with federal and other stat regulators.

Develops policies and procedures for the operation of the Bureau.

Reviews operations to ensure the optimal use of Bureau resources.

Reviews proposed legislation and regulation changes affecting non-depository financial institutions.

Recommends new legislation or revisions to existing legislation affecting non- depository financial institutions.

Develops policies, rules, and guidelines for examining non-depository financial institutions.

Reviews and approves reports of examination.

Recommends action to remedy deficiencies or discrepancies identified through the examination process.

Monitors actions of non-depository financial institutions to assess efforts in effecting satisfactory corrective action to resolve identified deficiencies and discrepancies.

Prepares memoranda detailing examination report items requiring supervisory action.

Reviews surveillance, monitoring, and early warning reports of non-depository financial institutions and schedules examinations or ensures that other appropriate remedial action is taken.

Serves as consultant to and advises the Secretary of Banking and Deputy Secretary for Non-Depository Institutions and Consumer Services on matters relating to the examination of non-depository financial institutions.

Assists in preparing Departmental positions for hearings on violations of laws or regulations.

Performs the full range of supervisory duties.

The employee in this job may participate in the performance of his/her subordinates’ work consistent with operational or organizational requirements.

Performs related work as required.

REQUIRED KNOWLEDGES, SKILLS, AND ABILITIES: Knowledge of accounting principles and practices related to the examination of financial statements and operations of non-depository financial institutions regulated by the Department.

Knowledge of auditing standards and practices for non-depository institutions regulated by the Department.

Knowledge of state and federal laws and regulations governing operations of non-depository financial institutions, including fiduciary laws and practices.

Knowledge of procedures, practices, and records employed in the operation of non-depository financial institutions.

Knowledge of appropriate corrective action that should be initiated when violations are detected.

Knowledge of the principles of the Capital Adequacy, Agent Control, Management, Earnings, and Compliance (C.A.M.E.C.) rating and other appropriate ratings for money transmitters.

Knowledge of examination report requirements.

Knowledge of the principles of effective supervision.

Ability to analyze complex technical examination problems.

Ability to interpret various types of legal documents.

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 Financial Institutions Regional Office Supervisor;

                                                                                                                               or

Nine years of professional experience in examining or investigating non- depository financial institutional records and operations for conformance to laws, rules, and regulations, including two years of supervisory experience and a bachelor's degree including or supplemented by nine college credits in accounting, finance, or economics;

                                                                                                                              or

Nine years of professional experience in varied internal auditing functions in a non-depository financial institution, including two years of supervisory experience and a bachelor's degree including or supplemented by nine college credits in accounting, finance, or economics;

                                                                                                                             or

An equivalent combination of professional experience and training.