Bank and Credit Union Examiner

Work for Indiana

Begin a fulfilling career with the State of Indiana by joining one of the largest employers in the state, offering a range of opportunities across 60+ agencies. At the state, you'll find competitive compensation, a robust benefits package and a commitment to work-life balance. Most importantly, you'll have the chance to make a real and measurable impact on the lives of Hoosiers across Indiana.

The Indiana Department of Financial Institutions (DFI) works to promote growth and prosperity of local Indiana communities through effective and common-sense regulation.

The DFI is seeking qualified candidates to work in a dynamic and high-performing environment, with a well-identified career path and significant opportunities to progress throughout the organization. Bank / Credit Union Division examiners are charged with the following at state-chartered financial institutions:

Analyzing financial performance. Identifying pertinent financial, operational, and regulatory risks. Assessing risk management and risk mitigation practices. Collaborating with CEOs, CFOs, and Board members, and individuals from the Federal Reserve Bank, the National Credit Union Association, and the Federal Deposit Insurance Corporation. Traveling throughout the state of Indiana to assess state-chartered financial institutions.

The Bank and Credit Union Examiner will assist in examining the safety and soundness of Indiana’s state-chartered banks and credit unions, including assessing bank and credit union financial performance, inherent risk levels, and risk management practices. This role will focus on ensuring financial institutions are operated safely and soundly to protect consumers against the loss of their deposits and promote a strong Indiana economy.

Examiners will work in a dynamic and rapidly evolving environment, assessing individual financial institution risk in a changing economic landscape.

As a bank or credit union examiner, you will be responsible for working individually and collectively to perform a variety of examination-related tasks to determine a financial institution’s solvency and compliance with state laws and regulations. You will develop and execute examination plans, building upon information gathered during off-site surveillance activities and programs. You will serve as an Examiner-In-Charge of a variety of financial institutions, working directly with bank and credit union senior management teams and Boards of Directors.

The position will work collaboratively with FDIC and Federal Reserve Bank examiners.

The position will require some travel (including some overnight travel), primarily in Indiana.

Depository:

• Perform various examinations that are conducted on institutions of large size and complexity.
• Serve as an Examiner-In-Charge (EIC) of Safety and Soundness examinations for institutions of the largest size and complexity, and those exhibiting financial or operating weakness.
• Submit examination plans that recognize the condition and risk profile of the institution.
• Oversee examination staff to affirm the appropriateness of scope and assure that established examination procedures are followed.
• Submit timely Reports of Examination that are analytically correct, void of major errors, and contain minimal errors.
• Make accurate ratings determinations and develop corrective programs with assistance.
• Develop loan review samples consistent with department goals of identifying credit risks.
• Serve as the Central Point of Contact (CPC) for the most complex institutions. Recognize and analyze risk and trends in institutions through effective use of off-site monitoring tools, on-site examinations, and communication with other DFI staff, federal regulators, and institution management.
• Coordinate on-site visitations at necessary intervals with supervisory approval or direction and attend board/management exit meetings as necessary.
• Perform all examination and assign appropriate Capital Adequacy, Asset Quality, Management, Earnings, Liquidity and Sensitivity to Interest Rate Risk (CAMELS) ratings.
• Perform asset quality reviews by analyzing the loan portfolios in complex institutions and demonstrate the ability to assign accurate credit risk assessments with decreasing levels of assistance. Further, evaluate credit risk management systems and adjust the examination scope accordingly.
• Use Examination Tools Suite (ETS) to develop loan review samples consistent with department goals of identifying credit risks.

Consumer Credit/Bank Compliance:

• Perform various examination duties related to regulatory compliance with state federal consumer credit laws and regulations.
• Conduct examinations on the following types of entities with a focus on the most complex State Chartered Depository Institutions, Licensed Lenders, Licensed Small Lenders, Non-Lenders, Rental Purchase Registrants, Pawnbrokers, Debt Management Companies, Check Cashers, Civil Proceeding Advance…