Financial Examiner

About the Department of Financial Institutions

The Indiana Department of Financial Institutions (DFI) works to promote growth and prosperity of local Indiana communities through effective and common-sense regulation.

About the Role

The Financial Examiner for Consumer Credit is an entry-level position within the Indiana Department of Financial Institutions. This role involves traveling within a specified region of the state to conduct examinations for compliance with state consumer lending and applicable federal regulations. The position focuses on the following types of institutions:

• State Chartered Depository Institutions
• Licensed Lenders
• Non-Lenders (such as car dealerships and other sellers of retail goods that offer financing)
• Rental Purchase Entities
• Pawnbrokers
• Debt Management Companies
• Mortgage Lenders
• Check Cashing Companies
• Money Transmitter Licensees

Initial training will focus on non-Lender examinations, with additional training provided as the role progresses.

Responsibilities

• Perform various examination duties related to regulatory compliance for state-chartered depository institutions, licensed lenders, non-lenders, rental purchase entities, pawnbrokers, debt management companies, mortgage lenders, check cashing companies, and money transmitter licensees.
• Assist in evaluating the degree of compliance with governing statutes and regulations.
• Prepare examination reports of findings and meet with officers and managers of regulated entities to discuss examination findings.
• Assist in developing ways to bring organizations into full compliance with laws and regulations and recommend procedures necessary to maintain compliance.

Essential Functions

Depository

• Conduct examinations for large and complex institutions.
• Serve as an Examiner-In-Charge (EIC) of Safety and Soundness examinations, especially for high-risk institutions.
• Develop examination plans and oversee staff to ensure procedures are followed.
• Submit accurate and timely Reports of Examination with minimal errors.
• Determine ratings and design corrective programs with guidance.
• Identify credit risks through loan review sampling.
• Act 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.

Consumer Credit

• Conduct regulatory compliance examinations with state and federal consumer credit laws and regulations for 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.
• Serve as a Subject Matter Expert (SME) on statutes and examination procedures.
• Prepare accurate reports, hold findings discussions, and recommend compliance procedures.
• Provide guidance to help institutions achieve and maintain full compliance with laws and regulations.

Essential functions require travel on most workdays to inspect, audit, examine, survey, or investigate clients, customers, or other regulated entities. Employees report to the agency’s office for occasional meetings or events. The number and timing of work hours may vary daily or weekly to accommodate operational needs and staffing concerns.

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.

A degree is required. Individuals should have the ability to perform essential functions with or without reasonable accommodation.

Supervisory Responsibilities

This role may be utilized in a supervisory capacity based on agency needs.

Pay

The salary for this position traditionally starts at $53,222.00 but may vary based on education and work experience.

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.
• Wellness Rewards Program: Complete wellness activities to earn gift card rewards.
• Health savings account, which includes bi-weekly state contribution.
• 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:
  • 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.
  • Combined 180 hours of paid vacation, personal, and sick leave time off.
  • 12 paid holidays, 14 on election years.
• Education Reimbursement Program.
• Group life insurance.
• Referral Bonus program.
• Employee assistance program that allows for covered behavioral health visits.
• Qualified employer for the Public Service Loan Forgiveness Program.
• Free parking for most positions.
• Free LinkedIn Learning access.