Financial Licensing Analyst

Overview

Work for Indiana Begin a fulfilling career with the State of Indiana by joining one of the largest employers in the state, offering 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.

About The Department Of Financial Institutions The Indiana Department of Financial Institutions (DFI) works to promote growth and prosperity of local Indiana communities through effective and common-sense regulation. We regulate and supervise financial services providers in a manner that protects the interest of depositors, borrowers, shareholders, and consumers. We seek qualified candidates that embrace a dynamic and high-performing work environment with well-identified career pathways and opportunities to progress throughout the organization.

This position provides support to the licensing and applications functions of the Department, researches regulatory matters, and receives telephone/email inquiry calls from Indiana consumers related to financial services matters. The position is responsible for working with the other analysts in tracking, monitoring, and recommending regulatory action on initial applications and renewal applications submitted via the Nationwide Multistate Licensing System (NMLS) and submitted via other standard methods directly to the Department.

The position will work directly with other licensing and analyst staff and may be asked to engage with the Internal Revenue Service, the Financial Crimes Enforcement Network, and other state and federal regulators. This position contributes to the mission of the agency by assuring the residents of Indiana have access to adequate and proper financial services and protecting the interests of consumers.

This position reports directly to the Deputy Director of the Consumer Credit.

The salary for this position traditionally starts at $53,222.00 but may be commensurate with education or work experience.

The essential functions of this role are as follows:

• 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 CAMELS ratings (Capital Adequacy, Asset Quality, Management, Earnings, Liquidity and Sensitivity to Interest Rate Risk).
• Perform asset quality reviews by analyzing loan portfolios in complex institutions and evaluate credit risk management systems and adjust the examination scope accordingly.

• Perform various examination duties related to regulatory compliance with state and federal consumer credit laws and regulations.
• Conduct examinations on 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 Payment Providers, First and Subordinate Lien Mortgage Lenders, and Money Transmitter Licensees.
• Serve as an Examiner-In-Charge (EIC) to evaluate the degree of compliance with governing statutes and regulations.
• Serve as a Subject Matter Expert (SME) regarding statutes and examination procedures relevant to the types of examinations being conducted.
• Prepare examination reports of findings that are accurate, pertinent, and comply with Department policies and procedures. Hold meetings with officers and managers to discuss these findings.
• Assist in bringing the organization into full compliance with laws and regulations and recommend procedures to maintain compliance.
• Review work produced by other staff in a timely manner and provide effective feedback to less tenured examiners.

The job description is not designed to…