DOB - Financial Examiner - II; Services Businesses; MSB

Financial Examiner - Money Services Businesses (MSB)

Financial Examiner I – II

Class No. / Sal Grp
: U1100/U1102, EE00

Monthly Salary
:
Financial Examiner I: $5,910.00;
Financial Examiner II: $6,528.00 (Salary and Classification Commensurate with Experience.)

Location
:
Houston or Dallas

FLSA Status
:
Non-Exempt

Overnight Travel
:
Extensive Travel – at least 50%

The mission of the Texas Department of Banking is to ensure Texas has a safe, sound, and competitive financial services system.

Financial Examiners perform highly responsible financial examinations of the MSB industry. They perform entry-level examinations to examinations of increasing complexity and responsibility. Work involves examining accounting records to ensure compliance with applicable statutes and regulations and reports to the Deputy Commissioner of Non-Depository Supervision. Works under the guidance of other examiners, with limited latitude for the use of initiative and independent judgment.

• Develops and maintains working knowledge and application of various reference materials including the Texas Finance Code, Texas Administrative Code, departmental memorandums, applicable federal regulations, and MSB procedures.
• Assists with or conducts joint and independent examinations of MSB entities.
• Reviews and evaluates records to ensure compliance with applicable laws and regulations, including Bank Secrecy Act (BSA) regulations.
• Reviews files for compliance with recordkeeping requirements.
• Examines bank statements and other financial records.
• Reviews and evaluates the financial condition of the MSB license holder to ensure compliance with the statutory guidelines.
• Reviews and evaluates the internal controls associated with MSB operations.
• Determines the overall condition of the MSB license holder, assigns an overall uniform risk rating and presents conclusions and findings to regulated entity management.
• Prepares MSB examination reports.
• Prepares neat and orderly working papers to document examination procedures and to support findings.
• Achieves proficiency with Departmental approved computer applications and programs to accomplish job duties.
• Demonstrates leadership, organization, and time management skills.
• Prepares neat and orderly working papers to document examination procedures and to support findings.
• Participates in discussions on changes and improvements to examination procedures, rules, and laws and makes recommendations to Departmental management.
• Performs investigative, analytical, and administrative duties as assigned.
• Assists with team examinations.
• Assists with seizures of troubled or unlicensed entities as assigned.
• Performs monthly, quarterly, and annual examination scheduling projections to ensure entities are examined according to statute.
• Monitors own progress to ensure budgeted goals are met.
• Other duties as assigned.

Experience and

Education Requirements:

• Financial Examiner I:
  • Graduation from an accredited four-year college or university with major coursework in finance, accounting, business administration, economics, or a related field with a minimum of six hours, nine preferred, in accounting to include basic and/or intermediate accounting.
  • Must have a minimum grade point average of 2.50 on a 4.0 scale for accounting hours.
  • Must have a minimum overall grade point average of 2.75 on a 4.0 scale.
  • A graduate degree in finance, accounting, business administration, economics, or a related field may substitute for an undergraduate degree that is not business related.
• Financial Examiner II:
  • Same educational requirement as the Financial Examiner I.
  • One (1) year of experience in relevant accounting or audit activities.

Copy of official college transcripts must be submitted with your State of Texas Application for Employment.

• Bilingual in Spanish and English with the ability to communicate well, both verbally and in writing.
• Work experience in a financial institution, trust department or trust company, money service business or related field is desirable.
• Candidates with 0-2 years of professional experience.

• Position requires at least 50%…