4/06/04 03315

FINANCIAL INSTITUTION ENFORCEMENT MANAGER

DEFINITION: This is responsible administrative and managerial work in coordinating the statewide corporate applications program for financial institutions and participating in the supervision, enforcement and monitoring programs for depository and non-depository financial institutions.

The employee in this class is responsible for planning, implementing, and administering the Department’s corporate applications program by meeting with prospective groups having expressed interest in chartering a financial institution in Pennsylvania and providing guidance on the Department’s requirements and the charter process. The employee provides guidance to institution heads, boards, and officials to explain and interpret changes in laws, regulations, or policies affecting state chartered financial institutions. Work also involves coordinating the supervision and enforcement of compliance with state laws, regulations, and rules governing the operation of financial institutions. The employee works with financial institutions to resolve discrepancies or deficiencies in operations identified through Reports of Examinations or through on/offsite monitoring, assists institutions in effecting satisfactory corrective action, and recommends appropriate departmental action to protect investors, creditors, and the general public. Work involves recommending and implementing policies, regulations, standards, and procedures for the supervision and regulation of financial institutions in the Commonwealth. Supervision is exercised over a small staff of professional and clerical employees. Work is performed with independence under the general direction of the Director, Bureau of Supervision and Enforcement who reviews work through conferences, written reports, and an evaluation of results.

EXAMPLES OF WORK: Directs the statewide applications program for financial institutions.

Directs the evaluation of financial institution examination reports and results of on/offsite monitoring of operations.

Oversees the development of recommendations and suggested courses of action to correct deficiencies in operations or violations of rules and regulations.

Develops and revises operational goals, policies, and procedures required for the statewide application program.

Provides guidance and information to investor groups expressing an interest in securing a state charter for a financial institution in Pennsylvania.

Interprets the laws, policies, rules, and regulations affecting the operations and practices of financial institutions.

Recommends, implements, and administers policies, standards, and procedures for the supervision and regulatory compliance of financial institutions.

Reviews proposed legislation or regulations related to the supervision and regulation of financial institutions.

Develops and recommends Department positions for hearings or other legal actions regarding financial institutions.

Plans and conducts conferences and meetings with officers and directors of financial institutions.

Performs the full range of supervisory duties.

Performs other work as required.

REQUIRED KNOWLEDGES, SKILLS, AND ABILITIES: Knowledge of the concepts, theories, principles, and practices of accounting, fund accounting, single and double entry accounting, cost accounting, analysis of financial statements, and systems of accounting.

Knowledge of State and Federal laws and regulations governing operations of financial institutions.

Knowledge of procedures, practices, and records employed in the operations of financial institutions.

Knowledge of the history, precedents, nature, scope, and objectives of state regulations of financial institutions and the controlling laws and regulations.

Knowledge of the background and application of fiduciary laws and practices.

Knowledge of the principles and practices of effective supervision, management, and administration.

Knowledge of depository institution rating systems and rating methodology.

Knowledge of financial institution examination report requirements.

Knowledge of acceptable standards for internal audit reports.

Ability to analyze institution financial data and reports for compliance with state requirements and to develop corrective measures.

Ability to interpret and apply laws, rules, regulations, policies, and procedures affecting the safety and soundness of financial institutions and the Department.

Ability to exercise judgment in interpreting and implementing departmental policies and procedures.

Ability to direct, manage, and evaluate the work of subordinate personnel.

Ability to develop program measures and to evaluate them for results.

Ability to detect changing trends resulting from examination reports and financial reports submitted by financial institutions.

Ability to analyze complex policy, regulatory, and administrative problems and issues and to make recommendations for their solution.

Ability to conduct comprehensive studies of financial institutions and prepare reports and recommendations.

Ability to express thought clearly and concisely, orally and in writing.

Ability to speak effectively before large groups.

Ability to establish and maintain effective working relationships with subordinates, officials, and representatives of financial institutions, agencies, trade associations, legislators, and the general public.

MINIMUM EXPERIENCE AND TRAINING: Three years of experience as a Financial Institution Enforcement Administrator or Financial Institutions Examiner Supervisor;

                                                                                                                             or

Seven years of experience in examining trust company, bank, savings bank, credit union, savings and loan association, secondary mortgage lender, consumer discount company, installment seller, pawn broker, accelerated mortgage payment provider, credit services loan broker, loan correspondent, or other financial institutions records and operations for conformance to laws, rules, and regulations, including three years in an examiner/auditor-in-charge or supervisory capacity; and a bachelor’s degree in business administration, finance, economics, accounting, public administration or a related field;

                                                                                                                           or

Eight years of internal audit experience reviewing, evaluating, and drafting operating procedures for a financial institution; and a Bachelor's degree in business administration, finance, economics, accounting, public administration, or a related field;

                                                                                                                          or

An equivalent combination of experience and training.