Finance Bureau Examiner
The Iowa Division of Banking is seeking candidates for an Examiner position in our Finance Bureau. The IDOB strives to be an employer of choice by supporting work-life balance, providing the training and development necessary to maintain high standards, and supporting diversity. We employ a collaborative management style and seek open communication with staff and between the IDOB and the entities we regulate. In addition, the Division is committed to utilizing technology to promote examination efficiencies and facilitate teleworking. Applicants need to be team oriented with strong analytical and communication skills.
The Iowa Division of Banking is a state agency charged with the supervision and regulation of state-chartered commercial banks and non-depository financial service providers conducting business in Iowa. Regulation of the non-depository financial service providers is through IDOB's Finance Bureau. Entities regulated include debt management companies, delayed deposit businesses (payday lenders), loan companies, money services businesses, and mortgage bankers / brokers / loan originators / servicers / closing agents. The examiner position provides a great opportunity for an individual to participate in examinations designed to assess a financial service provider's overall financial condition and compliance with laws and regulations.
Qualifications required :
- A degree from an accredited four-year college or university with a major field of study in accounting, banking, business administration, business education, economics, finance, or other business-related fields; or at least two years of experience with a bank or financial service provider, or as an examiner of a bank or financial service provider.
- Experience with (or in the regulation of) a non-depository financial service provider regulated by the Finance Bureau is preferred but not required.
- A cumulative grade point average (GPA) of 3.0 or higher.
- Minimum of 6 hours of accounting.
- A valid driver's license (travel required within Iowa).
The successful candidate(s) will conduct examinations of the non-depository financial service providers identified above and provide reports of those examinations to the licensed entity and a senior examiner within the finance bureau. Approximately 75 percent of an examiner's time will be conducting off-site exams from their home. Work assignments are performed under the direction and review of a senior examiner or the central office. Work products submitted will be technically correct and require no significant changes.
The Finance Bureau Examiner (FBE) conducts and directs the on-site and off-site examinations of non-depository financial service providers licensed and regulated by the Finance Bureau. The FBE may be the sole representative of the Iowa Division of Banking (IDOB) or may lead or assist in the examination from scheduling and scoping the examination to submission of the report. In addition to examination responsibilities, the FBE may review and make recommendations on MLO applications. The FBE receives training and may assist in on-the-job training of examiners with lesser experience. The FBE is expected to resolve daily operating and administrative problems with limited supervision.
Duties and responsibilities include :
Conducting, or assisting with, the examinations of entities licensed by the Finance Bureau following written procedures and utilizing digital equipment provided by the IDOB.Analyzing data, past exams, and exams conducted by other regulatory bodies, to determine the scope of an examination.Managing staff involved in the examination when the Examiner-In-Charge (EIC).Interviewing licensee staff and other examiners in the process of the examination.Assessing the licensee's compliance with federal rules and regulations, including but not limited to TILA, RESPA, AML / BSA; the applicable Iowa licensing statute and the Iowa Consumer Credit Code.Analyzing information provided by the licensee and other examiners, including information received verbally, to determine the licensee's financial condition, the abilities of management, and the soundness of the licensee's policies and procedures.Identifying and addressing risk factors and causes, unsafe and unsound practices, and violations of laws and regulations that have affected or may affect the licensee's overall condition.Evaluating the adequacy of the licensee's information technology systems.Conducting an exit meeting with licensee officials at the conclusion of the exam to discuss the initial findings of the examination and corrective actions needed.Preparing and submitting confidential reports of examination that render a complete, concise, and factual presentation of the licensee's affairs and conditions. The report is submitted to the Finance Bureau Chief, or his designee, and ultimately is provided to the licensee.Conducts special investigations or limited scope examinations that focus on specific areas of a licensee's operations.Assists in on-the-job training of examiners with lesser experience and provides feedback to the Finance Bureau Chief, or his designee, and the EIC on the performance of employees assigned to the FBE.Maintains knowledge by keeping abreast of developments in the regulated industries and regulation affecting those industries.Participates in the periodic review of examination procedures.May review and make recommendations on MLO applications utilizing the NMLS.Performs other duties assigned by the FBC as the needs of the FB dictate.Knowledge, skills, and abilities required :
Knowledge of the vision, mission, goals, objectives, policies, and procedures of the Division of Banking.Knowledge of examination and reporting procedures and standards.Knowledge of laws, regulations, and IDOB examination procedures and policies related to non-depository supervision.Ability to communicate effectively, both orally and in writing.Ability to analyze and interpret financial data.Ability to deal effectively with personnel, officials of financial institutions examined, regulatory authorities, and the general public.Ability to organize work to produce numerous high quality diverse work products in a timely manner.Demonstrate proficiency in the use of word processing / spreadsheet software and web-based computer applications.Ability to respect and maintain the confidentiality required by the position.Ability to establish and maintain positive effective working relationships.Education and experience required :
A degree from an accredited four-year college or university with a major field of study in accounting, banking, business administration, business education, economics, finance, or other business-related fields; or at least two years of experience with a bank or financial service provider, or as an examiner of a bank or financial service provider.Prefer at least one year experience with, or regulation of, non-depository financial service providers regulated by the finance bureau.A cumulative grade point average (GPA) of 3.0 or higher.Minimum of 6 hours of accounting.A valid driver's license (travel required within Iowa).Minimum qualification requirements :
Graduation from an accredited four-year college or university with a degree in accounting, banking, business, real estate, administration, economics, finance, information technology, computer science, cybersecurity or a related field.A total of four years of education (as described in number one) and / or full-time experience, where one year of full-time experience in accounting, auditing, banking, budgeting, assessment or computation of taxes, examining financial institutions or closely related financial functions (e.g., treasurer, comptroller, accountant, auditor, budget analyst, etc.) equals thirty semester hours of education.Additional qualification requirements :
Travel, including overnight travel, may be required for positions in this class. Employees must arrange transportation to and from assigned work areas.
