FINANCIAL EXAMINER PRINCIPAL

8007A1

Pay Grade: 32

This is advanced examination work measuring and evaluating the performance and level of risk inherent in a financial institution. This examiner may serve as the supervisor for Financial Examiner staff in a geographic area, a review examiner, or as a subject matter expert.

Work involves serving as a lead examiner or an Examiner-in-Charge on complex and specialized examinations of banks, credit unions, savings and loan association, consumer credit lenders, mortgage brokers, or other financial service provider institution. Incumbents perform the full range of complex and specialized examiner assignments requiring an advanced knowledge of state and federal laws and regulations, and policies and procedures. 

Supervision Received - LEVEL D: "Under general direction..." Employees at this level are usually in charge of a large and important organizational unit. They plan and carry out assignments with little supervision. They report regularly to a superior, usually by means of occasional conferences, to discuss work progress or new problems which require advice from above. This designation will pertain to classes with a high order of independence.

Difficulty - LEVEL C: Considerable - Duties that require a high degree of concentration because of the many factors, which must be considered and weighed before a decision can be reached. Usually positions that require planning, developing, and coordinating programs and directing fairly large groups of people fall into this category.

Complexity - LEVEL E: Work is of a highly diverse and/or complex nature characterized by a broad range of activities and frequently changing conditions, situations and problems. Considerable analytical thought is necessary for interpreting a variety of factors, problems and alternatives for methods and procedures. Work requires the origination of ideas, techniques and programs for solving technical problems or complicated situations. Workers at this level exercise a high degree of responsibility for independent judgment and may participate in major program changes or policy decisions. Work may be reviewed by occasional conferences or reports to superiors. When guidelines exist at this level, they are normally characterized by regulations, policies or complex technical manuals.

Consequences of Actions and Decisions - LEVEL D: Consequences of actions or decisions at this level are significant as the work may be rarely if ever reviewed, making errors difficult to detect. Errors may cause major program failure or a high degree of confusion. Injuries to others due to errors are serious or incapacitating or both and costs due to errors are substantial.

Contacts - LEVEL C: The purpose of the contact is to influence, motivate, conduct interviews, make formal presentations or counsel to achieve common understanding or solutions to problems when the information is sensitive in nature or the individuals or groups are skeptical or uncooperative. Communication techniques and well-developed communication skills become an important requirement at this level.

Physical Demands - LEVEL A: The work is predominantly sedentary and requires minimal or negligible physical exertion. The employee is normally seated; however, the nature of the work allows for periods of standing or walking at will.

Environmental Conditions - LEVEL A: The work environment involves normal everyday hazards or discomforts typical of offices, meeting and training rooms, or libraries. Comfortable levels of temperature, ventilation, lighting and sound are inherent in the work environment. Exposure to deviations from pleasant environmental conditions is only occasional. The likelihood of injury is remote.

Supervision/Leadership - LEVEL C: Typically involves limited supervisory responsibility which entails performing as a "first line supervisor" for a small number of employees. Supervision is not the primary responsibility of the job. Responsibility includes training, instructing, scheduling, and reviewing work and recommending hiring and disciplinary actions to a higher level of authority.

Differs from the Financial Examiner Senior class in which the incumbents perform under general direction a full scope of examination work, including lead worker responsibilities, and conducting more complex examinations of financial institutions.

Differs from the Financial Examiner Administrator class in which the incumbents performs administrative or supervisory work involving extensive knowledge and comprehensive examination program functions. May include an Applications or Review Examiner, or work as an assistant to the Director of Examinations, Deputy Commissioner, or Commissioner.

Provides an independent source of expertise, information, evaluation skills, and assistance to the institution’s management.

Plans, assigns, and supervises the work of subordinate examiners in their tasks of examining the records and policies of banks and other financial institutions.

Lists and proves the loans portfolio of a financial institution and determines the justification for the loans in view of collateral and repayment capacity. security, liquidity, and interest rate; Discusses the condition of loans and other accounts with officers of the institution.

Monitors advertising of the financial institutions to determine unethical practices and compliance with state or federal law; conducts regular and special investigations.

Prepares reports of examinations conducted involving editing and compiling portions prepared by assistants and develops conclusions and recommendations.

Schedules and prioritizes examinations of financial institutions within an assigned geographic area and coordinates the staffing of such exams. Identifies the need for reexamination based on initial examination findings and changes within the financial industry.

Provides recommendations for hiring, probation, promotion, demotion, dismissals, and disciplinary action; assesses the performance of employees supervised.

Develops and implements procedures to monitor financial institutions between examinations, in order to detect or predict problem situations before actual deteriorating trends become evident.

Develops, recommends, suggests, and modifies examination process and procedures to effectively conduct financial examinations.

Attends management and board meetings scheduled by the FDIC or Federal Reserve Board when the subject matter is deemed a significant concern and requires a "first hand" appraisal.

Implement training activities pursuant to the manager’s instructions. Provide a monthly progress report to the manager, detailing the areas presented to the employee and summarizing the employee's performance.

In the absence of manager will act as supervising examiner providing guidance to subordinates and addressing personnel issues that arise.

REQUIRED KNOWLEDGE, ABILITIES, AND SKILLS

*Knowledge of accounting and auditing principles, practices, and standards.

*Knowledge of generally accepted accounting principles (GAAP), practices, and standards.

*Knowledge of State and Federal Law, Financial Accounting Standards Board, and rules and regulations related to all categories of financial institutions.

*Knowledge of procedures, practices, and records normally employed in financial operations.

*Knowledge of financial reports and statements.

*Knowledge of business computer hardware and software, including, but not limited to: Word, Excel, and Windows.

*A thorough knowledge of the department’s organization, functions, procedures, and examination techniques.

*A broad understanding of financial institution issues and analytical techniques.

*Ability to perform detailed work involving financial and numerical data; make mathematical computations with speed and accuracy.

*Ability to analyze and interpret financial report information and to take the appropriate corrective action.

*Ability to establish and maintain effective working relationships and communication with coworkers, representatives of other state and federal agencies and financial institutions.

*Ability to prepare and analyze financial statements and reports from the examination of accounts and to develop sound criticisms and recommendations for corrective action.

*Ability to organize and clearly express information in concise written form.

*Ability to use calculators, personal computers and application software.

*Ability to plan, assign, and supervise the work of an examination staff.

*Ability to analyze accounts and other records for irregularities.

*Ability to judge the soundness of loans and investments held by financial institutions, to evaluate the soundness of financial practices, and to ensure compliance with state requirements.

*Ability to effectively gather and communicate technical information in both verbal and written form.

*Ability to use independent thought and judgment in developing appropriate and effective solutions to assignments of a complex and varied nature.

*Ability to work effectively with personnel, financial service provider officials, other supervisory authorities, and the general public on all types of financial service provider problems and issues, including those of a controversial nature.

*Necessary at Entry

Bachelor’s degree in business, finance, accounting or a closely related field as determined by the agency and three years of experience in examination work. Additional experience in the areas listed above may be substituted for the required education as determined relevant by the agency.

NC: 09/01
REV: 07/03
REV: 08/05
REV: 06/08