Financial Institutions Examiner I

Financial Institutions Examiner I

The Kentucky Department of Financial Institutions (DFI) is responsible for the supervision of the Financial Services Industry and for chartering, licensing and registering various financial institutions, securities firms, and professionals operating in Kentucky. To accomplish this mission, the Department of Financial Institutions conducts examinations of state-regulated financial entities through its Division of Depository Institutions, Division of Non-Depository Institutions, and Division of Securities. DFI also provides educational materials and outreach programs to protect consumers from financial fraud.

This position will conduct examinations of depository institutions within the Commonwealth of Kentucky to protect shareholders of those institutions, including their employees and communities, from the adverse impacts of unsafe and unsound practices. Work in this position includes conducting examinations within all areas related to the operation of banks and trust companies. The successful candidate will receive extensive training to allow the candidate to assess the safety and soundness of our state's depository institutions, which includes accurately identifying the institution's ratings for capital, asset quality, management, earnings, liquidity, and sensitivity to market risk. Furthermore, candidates may also be trained and responsible for assessing the institution's risks related to compliance with Bank Secrecy Act and Anti-Money Laundering laws and / or information technology.

The position offers a competitive compensation package, growth opportunities, retirement contributions, flexible work schedules, and learning opportunities. This position will be assigned a residence workstation to allow telework when not reporting to a regulated entity's office or a designated location for training. A Kentucky residence is necessary. While the duties of a Financial Institutions Examiner I may be performed state-wide, this position will be primarily responsible for traveling to institutions in an area including Fayette County and the eastern part of the state.

Responsibilities include, but are not limited to, the following :

• Learning to conduct safety and soundness examinations of depository institutions.
• Learning how to gather and analyze data to determine and support examination findings.
• Learning to write examination reports that comply with the department's guidance and requirements.
• Traveling to and conducting examinations at our depository institutions within the Commonwealth of Kentucky and trainings outside the Commonwealth of Kentucky. Work outside the home workstation will comprise up to 50% of your work time, some or all of which could be overnight travel. Approximately 10% of this time will be spent in the aforementioned trainings.
• Working closely with other team members to ensure the completion of all necessary tasks related to the scope of the examination.

Preferred Knowledge / Skills Abilities

Minimum Requirements

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.

EXPERIENCE, TRAINING, OR SKILLS : NONE

Substitute EDUCATION for EXPERIENCE : NONE

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 licensed securities broker, dealer, agent or investment advisor; or as an investigator of financial fraud in the financial institutions or securities industries will substitute for each year of the required education.

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

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.

Probationary Period

This job has an initial and promotional probationary period of 12 months, except as provided in KRS 18A.111.