Search
Header navigation
Principal Financial Examiner

Principal Financial Examiner

companyState of Connecticut
locationHartford, CT, USA
PublishedPublished: 10/27/2024
Full Time

Introduction


At the State of Connecticut, Department of Banking (DOB) is seeking a qualified individual for the position of Principal Financial Examiner in Hartford, CT.

AS A STATE EMPLOYEE, CONTINUE TO ENJOY

  • Visit our new State Employee Benefits Overview page!
  • The opportunity to work for a Forbes top company: 'Forbes' State of Connecticut Ranked One of the Best Employers of 2023 - State of CT Receives National Recognition for Offering Job Growth, Competitive Benefits, and Flexible Schedule.
  • Professional growth and development opportunities.
  • A healthy work/life balance to all employees.


POSITION HIGHLIGHTS
  • Full time, 40 hours per week
  • Monday through Friday
  • First shift
  • Location: 260 Constitution Plaza Hartford, CT
  • Hybrid role, combination of in office and telework


THE ROLE

The Principal Financial Examiner will be assigned to the Financial Institutions Division to act as a working supervisor conducting examinations of greater than average difficulty and complexity of financial institutions under the Division's supervision, including banks and/or credit unions.

ABOUT US

The DOB is the primary state regulator for state-chartered banks and credit unions, securities, and consumer credit. Its mission is to protect users of financial services from unlawful or improper practices by ensuring regulated entities and individuals adhere to state banking, consumer credit and securities laws. The Department accomplishes this through regular, thorough, and cost-effective examinations of the entities it supervises. The Department also engages the public and other stakeholders through a variety of media platforms, educational outreach initiatives, and press communications.

Selection Plan


In order to be considered for this job opening you must be a current State of CT employee, of the agency listed above for at least six (6) months of full-time service or full-time equivalent service, absent any applicable collective bargaining language, and meet the Minimum Qualifications as listed on the job opening.  You must specify your qualifications on your application. 

For current state employees, salary calculations are not necessarily comparable from one of the three branches of state government (i.e. Executive, Legislative, Judicial) to the other. 

To Apply:

  • In order to be considered for this job opening, you must meet the Minimum Qualifications as listed on this job opening. You must specify your qualifications on your application.
  • The minimum experience and training requirements must be met by the close date on the job opening, unless otherwise specified.
  • Ensure that your application is complete and detailed before submitting it. In order to comply with Public Act 21-69, the State of Connecticut is no longer asking for resumes during the initial application process. You will not be able to make revisions once your application is submitted into the JobAps system.
  • Please select all location(s) and shift(s) you are willing to work on your application. Failure to do so may result in not being considered for vacancies in that specific location or shift.
  • In order to receive educational credits toward qualification for this job posting, the institution must be accredited. If the institution of higher learning is located outside of the U.S., you are responsible for providing documentation from a recognized USA accrediting service which specializes in determining foreign education equivalencies to the recruiter listed on this job posting.

  • All application materials must be received by the recruiting agency by the time specified on the job opening for the position for which you are applying. Late applications may not be submitted and will not be considered. Exceptions are rare and limited to documented events that incapacitate a candidate during the entire duration of the job posting time period. It is the candidate’s obligation and responsibility to request an exception and provide a legally recognized justification to accommodate such exception. Requests should be made to DAS.SHRM@ct.gov.


FOR ASSISTANCE IN APPLYING:



  • Please read or watch our Applicant Tips on How to Apply!


Important Information After You Apply:

  • This posting may require completion of additional referral questions (RQs). You can access these RQs via an email that will be sent to you after the posting's closing date or by visiting your JobAps Personal Status Board (Certification Questionnaires section). Your responses to these RQs must be submitted by the questionnaire's expiration date. Please regularly check your email and JobAps Personal Status Board for notifications. Please check your SPAM and/or Junk folders on a daily basis in the event an email provider places auto-notification emails in a user's spam.
  • Although applicants will receive correspondence via email, as a backup they are also encouraged to sign on to their Personal Status Board on a daily basis to monitor their status, view all emailed notices and complete tasks required in the recruitment process.
  • Note: At any point during the recruitment process, applicants may be required to submit additional documentation which support their qualification(s) for this position. These documents may include: a cover letter, resume, performance reviews, attendance records, supervisory references, licensure, etc., at the discretion of the hiring agency.
  • Interviews will be limited to candidates whose experience and training most closely meet the requirements of the position.
  • The immediate vacancy is listed above, however, applications to this recruitment may be used for future vacancies in this job class.
  • Read through this helpful link to prepare for your interview.


Connect With Us:

  • Due to the large volume of applications received, we are unable to provide confirmation of receipt or status during the recruitment process. Updates will be available through your JobAps portal account. Should you have any questions pertaining to this recruitment, please contact Jasmyn.Raymond@ct.gov. 
  • Follow the State of Connecticut on LinkedIn.

PURPOSE OF JOB CLASS (NATURE OF WORK)


In the Department of Banking this class is accountable for acting as a working supervisor for other examiners in the most difficult, complex and sensitive examinations and investigations of the financial entities regulated by the Department of Banking.

EXAMPLES OF DUTIES


  • Assigns roles and tasks and provides guidance to a team of examiners conducting non-routine examinations or investigations of banks, credit unions, broker-dealers, investment advisers, mortgage companies, consumer lenders and other financial entities; 
  • Ensures timely and accurate completion of work; 
  • Recommends and supports exam or investigation findings; 
  • Develops and recommends procedures within assignment area; 
  • Acts as liaison with other regulators, entity’s senior management and agency managers; 
  • Reviews or conducts specialized portions of exam or investigation; 
  • Assesses financial condition and/or regulatory compliance by reviewing, analyzing and consolidating team assignments; 
  • Conducts enforcement activities including documentation of violations, recommending corrective action, negotiating settlement terms, working with other regulators and participating in hearings; 
  • Communicates with entity’s senior management to review issues and findings; prepares exam and investigation reports; 
  • Trains less experienced examiners; 
  • Provides information and guidance to regulators, industry and public on areas of expertise; 
  • May work with prosecuting officials and testifies in court or administrative hearings with regard to examinations and investigations; 
  • May conduct or assists in conducting performance evaluations; 
  • Performs related duties as required.

KNOWLEDGE, SKILL AND ABILITY


  • Considerable knowledge of
    • the organization, operations and business practices of financial entities such as banks, credit unions, trust companies, broker-dealers, investment advisers, mortgage companies and other non-bank grantors of credit; 
    • statutes and regulations applicable to entities; 
    • principles and practices of accounting, auditing and finance; 
    • regulatory and investigative procedures and techniques; 
  • Considerable
    • oral and written communication skills; 
    • interpersonal skills; 
    • negotiation skill; 
  • Ability to utilize computer software; 
  • Supervisory ability.

MINIMUM QUALIFICATIONS - GENERAL EXPERIENCE


Eight (8) years of experience in the regulation of financial entities or in accounting, auditing, banking or finance.

NOTE: Financial entities are defined as domestic and international banks, credit unions, broker-dealers, investment advisers, mortgage companies and consumer lenders.

MINIMUM QUALIFICATIONS - SPECIAL EXPERIENCE


One (1) year of the General Experience must have been in an advanced working level class performing the most difficult examinations and investigations of financial entities.

NOTE: For state employees this experience is interpreted at the level of an Associate Financial Examiner.

MINIMUM QUALIFICATIONS - SUBSTITUTIONS ALLOWED


  • College training may be substituted for the General Experience on the basis of fifteen (15) semester hours equaling one-half (1/2) year of experience to a maximum of four (4) years for a Bachelor’s degree.
  • A Master’s degree in business, accounting, finance or a closely related field may be substituted for one (1) additional year of the General Experience.
  • Licensure or certification as a Certified Public Accountant may be substituted for one (1) additional year of the General Experience.

PREFERRED QUALIFICATIONS


  • Experience conducting examinations of financial institutions.
  • Experience analyzing financial statements and loan files.
  • Experience leading and training a team in financial regulation.
  • Experience assessing management policies of financial institutions.
  • Experience reviewing risk management programs.

SPECIAL REQUIREMENTS


  • Incumbents in this class may be required to travel.
  • Incumbents in this class may be required to possess and retain a valid Motor Vehicle Operator's license.

Conclusion


AN AFFIRMATIVE ACTION/EQUAL OPPORTUNITY EMPLOYER

The State of Connecticut is an equal opportunity/affirmative action employer and strongly encourages the applications of women, minorities, and persons with disabilities.

ACKNOWLEDGEMENT


As defined by Sec. 5-196 of the Connecticut General Statutes, a job class is a position or group of positions that share general characteristics and are categorized under a single title for administrative purposes. As such, a job class is not meant to be all inclusive of every task and/or responsibility.