JOB TITLE: NON-DEPOSITORY AND SECURITIES COMPLIANCE EXAMINER 1

JOB CODE: 03206

DEFINITION: This is beginning level professional work in the examination, investigation, and/or audit of non-depository financial institutions, securities entities, and/or securities regulated by the Department of Banking and Securities.

An employee in this job performs a variety of assignments and participates in training programs and on-the-job training to develop skills in the application of examination, investigation, and audit techniques for non-depository financial institutions, securities entities, and/or securities. Work includes assisting in the examination or audit of records, policies, and procedures for compliance with regulations or assisting in conducting investigations of non-depository financial institutions, securities entities, and/or securities. Employees may work on assignments with limited complexity independently. As technical proficiency is acquired, employees are given increased responsibility for the independent examination, investigation, or audit of assignments with greater complexity. Work is performed under the guidance of the supervisor or higher level examiners, who provide instruction and assistance. Work is closely reviewed for adherence to policies and procedures and to ensure reports contain required follow-up for corrective action.

EXAMPLES OF WORK: (NOTE: The examples of work are representative of the work, but every position classified to this job may not perform all examples of work listed. Conversely, this is not an all-inclusive list of work examples.):

• Conducts examinations, investigations, and audits of non-depository financial institutions, which include but are not limited to, mortgage bankers and brokers, check cashers, pawn brokers, installment sellers, money transmitters, sales finance companies, debt management companies, and consumer discount companies.

• Conducts examinations, investigations, and audits of the regulated securities community, which includes financial institutions, broker-dealer firms, broker-dealer agents, investment advisor firms, and investment advisor representatives, and of securities.

• Participates in formal and on-the-job training assignments, basic examining schools, and training seminars.

• Reviews documents prior to conducting an examination to identify areas of concern with direction from a higher level examiner or supervisor.

• Conducts pre and post registration examinations of investment advisors registering, registered, or required to be registered in Pennsylvania by monitoring, analyzing, and processing applications and registration amendments to determine eligibility for registration and ongoing compliance with laws, rules, and regulations.

• Analyzes institutional operations for sound management, advertising, and solicitation practices; supervision of agent personnel; operating procedures; and internal controls.

• Reviews and analyzes securities registration documentation and practices for deficiencies, irregular activities, discriminatory practices, regulatory compliance, and illegal, unfair, and dishonest activities.

• Reviews loan files, loan registers, and delinquent loans in non-depository financial institutions not regulated by a federal agency.

• Examines bank statements, cancelled checks, and other cash records to ensure timely and accurate reconciliations and postings; proper maintenance and security of account materials; and proper maintenance of cancelled checks, endorsements, and documentation.

• Inspects logs, blotters, and other records to determine proper timing of customer order tickets, and delivery and disclosure on confirmation of orders.

• Analyzes loan documents for appraisal, credits, and fair and honest underwriting practices.

• Reviews financial statements for capital adequacy and profitability of operations.

• Reviews documents for evidence of fraud.

• Prepares reports of examinations, investigations, and audits under the guidance of a higher level examiner or supervisor.

• Investigates illegal operations of unlicensed lenders and brokers, check cashers, installment sellers, broker-dealers, broker-dealer agents, investment advisors, and investment advisor representatives.

• Investigates complaints about institutional practices.

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

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

• Testifies at administrative hearings or legal proceedings.

• Travels to examination and training sites.

• Performs related work as required.

ENTRY LEVEL KNOWLEDGES, SKILLS, AND ABILITIES:

• Knowledge of financial data analysis techniques and principles.

• Knowledge of basic accounting principles.

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

• Ability to perform, analyze, and interpret mathematical calculations and expressions.

• Ability to analyze and interpret written information and numerical data.

• Ability to communicate effectively orally.

• Ability to communicate effectively in writing.

• Ability to establish and maintain effective working relationships.

MINIMUM EXPERIENCE AND TRAINING: (NOTE: Based on the Entry Level Knowledges, Skills, and Abilities):

• A bachelor’s degree including or supplemented by nine credits in accounting, finance, economics, or a closely related field;

or

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