Bank and Credit Union Examiner

About the role

The Indiana Department of Financial Institutions (DFI) works to promote growth and prosperity of local Indiana communities through effective and common-sense regulation. The Bank and Credit Union Examiner role involves assisting in examining the safety and soundness of Indiana's state-chartered banks and credit unions.

Responsibilities

• Assist in examining the safety and soundness of Indiana’s state-chartered banks and credit unions, including assessing financial performance, inherent risk levels, and risk management practices.
• Work in a dynamic and rapidly evolving environment, assessing individual financial institution risk in a changing economic landscape.
• Develop and execute examination plans, building upon information gathered during off-site surveillance activities and programs.
• Work individually and collectively to perform a variety of examination-related tasks to determine a financial institution’s solvency and compliance with state laws and regulations.
• Work as an Examiner-In-Charge (EIC) of Safety and Soundness examinations, especially for high-risk institutions.
• Identify credit risks through loan review sampling.
• Serve as the Central Point of Contact (CPC) for complex institutions, using off-site monitoring tools and on-site examinations to identify risks and trends.
• Coordinate on-site visits and attend board/management meetings as needed with supervisory approval.
• Analyze loan portfolios, assign credit risk, evaluate management systems, and adjust examination scope accordingly.
• Conduct regulatory compliance examinations with state and federal consumer credit laws and regulations for the financial entities, focusing on the most complex ones.
• Examine complex institutions, including depository institutions, lenders, pawnbrokers, money transmitters, and others, focusing on regulatory compliance.
• Serve as Examiner-In-Charge (EIC) to assess compliance with laws and regulations.
• Provide guidance to help institutions achieve and maintain full compliance with laws and regulations.

Requirements

Individuals in this role should minimally be able to articulate or demonstrate the following:

• Ability to complete the Agency specific training programs.
• Broad knowledge of computer applications, including examination software, internal DFI software, and external computer applications used to research, gather, and analyze examination activities.
• Ability to conduct and prepare examination reports.
• Ability to identify, apply and interpret laws, regulations, and policies applicable to assigned areas, as well as examination policies and procedures including training less experienced examiners.
• Ability to analyze and interpret data and records.
• Ability to communicate effectively, both orally and in writing.
• Ability to exercise both tact and persuasion in dealing with institution managers and staff.
• Ability to travel across or within a specified region of the State based on the job assignment.
• At the Depository Division - Ability to use Examination Tools Suite (ETS) to develop loan review samples consistent with department goals of identifying credit risks.

Qualifications

A Degree Is Required. Individuals should have the ability to perform essential functions with or without reasonable accommodation.

Skills

Individuals should have the ability to perform essential functions with or without reasonable accommodation.

Benefits

The State of Indiana offers a comprehensive benefit package for full-time employees which includes:

• Three (3) medical plan options (including RX coverage) as well as vision and dental plans.
• A wellness rewards program: Complete wellness activities to earn gift card rewards.
• A health savings account, which includes bi-weekly state contribution.
• A deferred compensation 457(b) account (similar to 401(k) plan) with employer match.
• Two (2) fully-funded pension plan options.
• A robust, comprehensive program of leave policies covering a variety of employee needs, including but not limited to: 150 hours of paid New Parent Leave and up to eight weeks of paid Childbirth Recovery Leave for eligible mothers.
• Up to 15 hours of paid community service leave.
• Cumulative 180 hours of paid vacation, personal, and sick leave time off.
• 12 paid holidays, 14 on election years.
• Education Reimbursement Program.
• Group life insurance.
• Free parking for most positions.
• Free LinkedIn Learning access.

Pay

The salary for this position traditionally starts at $53,222.00 but may be commensurate with education and work experience. Use our Compensation Calculator to view the total compensation package.

Schedule

The position may require some travel (including some overnight travel), primarily in Indiana.