Compliance Examiner 1-4

About This Job

This job posting will be used by the Office of Financial Institutions to fill vacancies in the following offices: Baton Rouge, New Orleans, Lafayette, Alexandria, Shreveport and Monroe.

Compliance Examiners

Compliance Examiners employed by the Office of Financial Institutions may conduct examinations of the following types of entities: Banks, Savings and Loans, Credit Unions, Holding Companies, Trust Companies, Securities Firms, Licensed Lenders, Payday Lenders, Mortgage Companies, Pawnbrokers, Repossession Agencies, Check Cashers, Money Transmitters, Virtual Currency Businesses, or Bond for Deed Companies. Examinations of these entities focus on compliance with laws and regulations or focus on safety and soundness and compliance with laws and regulations. Examination procedures may include analysis of capital, asset quality, earnings, liquidity, and sensitivity to market risk and may include review of management oversight, information technology, and compliance with federal laws and regulations, such as the Bank Secrecy Act (BSA), in addition to compliance with state laws and regulations.

Good Communication, Analytical, Reasoning, and Comprehension Skills

Good communication, analytical, reasoning, and comprehension skills, along with good judgement, are skills necessary to be an effective Compliance Examiner. Compliance Examiner applicants should be fast learners who are able to understand multiple areas of regulation and/or safety and soundness.

Career Progression Group

Vacancies may be filled from this recruitment as a Compliance Examiner 1, a Compliance Examiner 2, a Compliance Examiner 3, or a Compliance Examiner 4 depending on the level of experience of the selected applicant. Please refer to the 'Job Specifications' tab located at the top of the LA Careers 'Current Job Opportunities' page of the Civil Service website for specific information on salary ranges, minimum qualifications and job concepts for each level.

Drug Screening, Credit History Report, and Criminal Background Check

All prospective new hires are required to pass a drug screening, provide a credit history report with a FICO score, and be fingerprinted for a criminal background check. All prospective new hires will also be subject to employment eligibility verification via the federal government's E-verify system.

Contact Information

• George Hagerty, Human Resources Analyst ghagerty@ofi.la.gov
• YaVonya Kelley, Human Resources Specialist ykelley@ofi.la.gov

Minimum Qualifications

• Three years of experience in accounting, auditing, banking, compliance management, financial operations, or insurance;
• Six years of full-time experience in any field plus nine semester hours in accounting and an additional fifteen semester hours in accounting, economics, finance, business law, insurance, statistics, financial analysis, or money and banking;
• A bachelor’s degree with nine semester hours in accounting and an additional fifteen semester hours in accounting, economics, finance, business law, insurance, statistics, financial analysis, or money and banking;
• A bachelor’s degree in accounting, auditing, finance, business administration, management, economics, or statistics;
• An advanced degree in accounting, auditing, finance, business or public administration, management, economics, quantitative methods, or statistics;
• A Certified Public Accountant (CPA) license, Certified Financial Examiner (CFE), Certified Fraud Examiner (CFE), or Certified Internal Auditor (CIA) designation.

Experience Substitution

Every 30 semester hours earned from an accredited college or university will be credited as one year of experience towards the six years of full-time work experience in any field. The maximum substitution allowed is 120 semester hours which substitutes for a maximum of four years of experience in any field.

Function of Work

Examines the accounting systems and financial status of financial service providers or insurance companies to ensure financial solvency and fair consumer practices.

Level of Work

Entry.

Supervision Received

Direct from a Compliance Examiner Assistant Manager, Compliance Examiner Manager, or other higher-level supervisor.

Supervision Exercised

None.

Location of Work

Primarily used by the Department of Insurance and Office of Financial Institutions (OFI).

Job Distinctions

Differs from Compliance Examiner 2 by the absence of responsibility for performing the full range of examination functions.

Job Duties and Other Information

• Conducts field examinations of financial service providers and insurance companies such as banks, residential mortgage lenders, pawnshops, credit unions, and HMOs to determine compliance with state and federal laws, policies, rules, and regulations.
• Examines records of assets such as cash and accounts due from institutions, investments, loans, real estate, and equipment to verify accuracy and composition of data provided in financial statements.
• Examines records of liabilities such as deposit accounts, savings accounts, certificates of deposit, taxes, debts, loans, other borrowed money, and accrued expenses; reviews records of stockholder's equity such as common stock, preferred stock, capital surplus, retained earnings, and subordinated debt to determine accuracy of and composition of data in financial statements.
• Prepares reporting schedules on numerous detail tasks areas, including concentrations of assets in a particular area, rate sensitivity analysis, liquidity and funds management, and premises and equipment.
• Attends meetings and conferences with top-level management of firms to obtain information, resolve discrepancies, and report findings.
• On a rotating basis, will serve as an assistant-in-charge for examinations of lesser complexity.
• Attends and successfully completes beginning Compliance examiner school.

Are you able to travel?

Note: Travel could be single day, overnight, or extended duration, depending on assignment.

Do you or anyone you know have a prior or current personal or business relationship with any OFI employee?

Note: Please be aware that there are various reasons that your application may be disqualified from consideration including, but not limited to: Failure to fully complete the education and work experience sections of the application; (Please note for the education section that the semester area refers to the # of credit HOURS and not the # of semesters you completed) Submission of a resume and/or paper SF-10 application in lieu of the online applicationFailure to list complete license information (If applicable to the job position).Failure to submit an equivalency evaluation statement for an international degree by the closing of this announcement; Louisiana is a State as a Model Employer for People with Disabilities.

Do you have any prior audit, examination, or compliance experience specifically related to any of the entities listed under the supplemental information in this job bulletin?

Note: Please be aware that there are various reasons that your application may be disqualified from consideration including, but not limited to: Failure to fully complete the education and work experience sections of the application; (Please note for the education section that the semester area refers to the # of credit HOURS and not the # of semesters you completed) Submission of a resume and/or paper SF-10 application in lieu of the online applicationFailure to list complete license information (If applicable to the job position).Failure to submit an equivalency evaluation statement for an international degree by the closing of this announcement; Louisiana is a State as a Model Employer for People with Disabilities.

Do you have any prior audit, examination, or compliance experience related to other types of entities not listed under the supplemental information in this job bulletin?

Note: Please be aware that there are various reasons that your application may be disqualified from consideration including, but not limited to: Failure to fully complete the education and work experience sections of the application; (Please note for the education section that the semester area refers to the # of credit HOURS and not the # of semesters you completed) Submission of a resume and/or paper SF-10 application in lieu of the online applicationFailure to list complete license information (If applicable to the job position).Failure to submit an equivalency evaluation statement for an international degree by the closing of this announcement; Louisiana is a State as a Model Employer for People with Disabilities.