Financial Institutions Examiner I

About the role

The Kentucky Department of Financial Institutions is responsible for supervision of the Financial Services Industry and for chartering, licensing and registering various financial institutions, securities firms and professionals operating in the state of Kentucky. We are looking for a Financial Institutions Examiner I, to join our team of highly skilled professionals. This position conducts examinations to protect Kentucky citizens from financial fraud and violations of the law. Work in this position includes conducting examinations within the areas of lending and wire transfer. The candidate selected for this examination role will examine money transmitters. This position requires extensive travel across the United States, 50% of the time, and across Kentucky 50% of the time. This position is assigned a home-work station to allow telework when not reporting to a regulated entity's office. A Kentucky residence is required.

Responsibilities

• Learns to perform entry-level examinations.
• Learns appropriate procedures to procure entity or institutions records.
• Learns to write a report for each examination in a format that is easily understandable.
• Travels across the United States, 50% of the time and across Kentucky, 50% of the time.
• Will conduct supervised examinations at the entity's location.
• Will attain entry level knowledge on analyzing, measuring and comparing examination findings to statute interpretation of federal and state laws.
• Be prepared to meet with Manager/Board of Directors to give examination findings.

Qualifications

Education: Graduate of a college or university with a bachelor's degree in accounting, business administration, economics, finance or a related field, or a juris doctorate.

Substitute Experience for Education: Experience as a financial institution or securities examiner, or professional experience working for a financial institution or securities regulatory agency will substitute for the required education on a year-for-year basis. OR Two years of professional experience as an officer, accountant, analyst, internal auditor, compliance officer, or related professional in a financial institution; or as a registered/licensed securities broker, dealer, agent or investment advisor representative; or as an investigator of financial fraud in the financial institutions or securities industries; or as an examiner, analyst or specialist at a state or federal regulatory agency will substitute for each year of the required education.

Special Requirements: Must possess a valid driver's license prior to employment in this job classification. Must maintain any required licensure(s), certification(s), or other credentials for the length of employment in this job classification. Employing agency is responsible for ensuring employee possesses and maintains required licensure(s), certification(s) or other credentials.

Skills and abilities

• Highly self-motivated.
• Strong written and verbal communication skills.
• Self-directed.

Working conditions

Work is usually performed in the offices of the financial institution or securities entity being examined, reviewed, or investigated. Will require travel usually within a defined geographic "district." Travel outside one's district may be required periodically. Work may also be performed in the Department's central office or in one of its field offices.

Benefits

• Paid leave (sick, annual, etc.) and paid holidays
• Training/career development opportunities
• Educational and tuition assistance
• A variety of affordable health, dental and vision insurance options, flexible spending accounts, and first-day health insurance coverage
• Life insurance
• Retirement
• Deferred compensation
• Wellness incentive programs
• Employee discounts on electronics, health and wellness, retail, travel/events/entertainment, services/education
• Telecommuting and flexible work schedules

Pay and schedule

Pay Grade 13. Salary $5,085.44 - $5,237.96 Monthly. Employment Type: Executive Branch | Full Time | Eligible for Overtime Pay | 18A | 40.0 HR/WK. This job has an initial and promotional probationary period of 12 months, except as provided in KRS 18A.111.