Financial/Credit Examiner IV (Large/Regional Bank Specialist) - DORA: Division of Banking Hybrid

Department Information

This announcement may be used to fill multiple vacancies.

The Department of Regulatory Agencies (DORA) is dedicated to preserving the integrity of the marketplace and is committed to promoting a fair and competitive business environment in Colorado.

Consumer protection is our mission.

DORA values and promotes diversity, supporting a workplace that is inclusive of people from different backgrounds and experiences; creating an environment that is reflective of our communities; promoting positive relationships; and putting forth unique perspectives to fulfill our mission.

• Employer-sponsored RTD EcoPass, with offices located at Civic Center Plaza, above the RTD Civic Center station and just a few blocks from RTD light rail.
• Extensive work-life programs such as flexible schedules, training and professional development opportunities on a wide variety of subjects, and more!
• Employee wellness programs, including the Colorado State Employee Assistance Program (CSEAP), which provides free, confidential counseling services.
• Bike-to-work programs, including access to storage lockers and bike racks.
• Flexible retirement benefits, including a choice of the PERA Defined Benefit Plan or the PERA Defined Contribution Plan, plus optional 401K and 457 plans.
• Medical and Dental Health Insurance for employees and optional coverage for their dependents.
• Life Insurance for employees, and optional coverage for their dependents.
• Paid Time Off, including 11 paid holidays.
• Short- and long-term disability coverage.
• Tuition assistance program.

Description of Job

The Colorado Division of Banking protects the public interest and preserves public trust in the Colorado banking industry by regulating the business of state-chartered commercial banks and trust companies, state-licensed money transmitters, and by enforcing the Public Deposit Protection Act.

The commercial bank/trust work unit exists to serve and protect the public interest by promoting a safe and sound financial institutions industry. This work unit oversees all commercial banks and trust companies safety and soundness, commercial bank and trust department examinations, and information technology (IT) examinations of financial institutions regulated by the Division of Banking (Division); manages and supervises financial credit examiners in performance of safety and soundness examinations; oversees the regulatory compliance of commercial banks, trust companies, trust departments and IT; conducts the final quality review of reports of examinations; and ensures scheduling examinations of commercial banks, trust companies, trust departments, and IT in accordance with Banking Board Policy.

Position: SCA 2097

This position serves as the Division's senior authority, specializing in overseeing large, complex regional banks whose operations may extend beyond the geographic boundaries of Colorado, with total assets exceeding $5 billion. In this pivotal role, the position acts as a key management representative for the Division, the Department of Regulatory Agencies (DORA), and the State of Colorado with the Division's federal counterparts such as the Federal Reserve Bank (FRB), the Federal Deposit Insurance Corporation (FDIC), and the Conference of State Bank Supervisors (CSBS). The position is responsible for strategic planning, organization, and direction of supervisory efforts concerning the Division's largest and most complex financial institutions, including acting as a work leader (examiner-in-charge) with personnel from the Division, the FRB, the FDIC, and possibly other state regulatory bodies.

Duties include, but are not limited to:

• Performing pre-exam assessment, setting the scope of the examination in conjunction with the FRB/FDIC, and determining what areas of the bank present the highest risk factors and what staffing resources are needed to adequately assess these risks through the examination process;
• Managing the examination process, addressing issues on a flow basis, and representing the Division in negotiations with bank management and other banking regulators;
• Communicating examination findings to bank management and the board of directors and communicating overall conclusions and recommendations that support the preliminary examination rating;
• Preparing and reviewing complex examination work papers to ensure that the depth of review by assigned staff is sufficient to accurately assess the institution’s condition as well as support the examination ratings and conclusions reached in the written report;
• Supervising the preparation of the written report of examination and finalizing the report for submission to the caseload manager;
• Analyzing and evaluating annual audits/directors’ examinations to detect violations of statutes or rules, quarterly off-site financial monitoring to determine any adverse financial trends, and progress reports for institutions under enforcement action;
• Monitoring SEC (Security Exchange Commission) reporting requirements and compliance; reviewing and evaluating specialty examinations, enforcement activities conducted by the FDIC and FRB; rules and regulations updates; Community Reinvestment Act (CRA) examinations, Information Technology/Cybersecurity examinations, Trust and Fiduciary examinations, compliance and follow up;
• Reviewing federal examination reports on financial institutions in their caseload when completed, and attending examination exit conferences at the conclusion of federal regulatory examinations;
• Serving as the Division’s central point of contact with federal agencies such as the FRB, FDIC, and CSBS, specializing in the oversight of large, complex regional banks with operations extending beyond Colorado and total assets exceeding $5 billion; leading the Division’s efforts in adhering to the CSBS Accreditation Standards for Large Bank Supervision and conducting all required supervisory activities;
• Tracking outstanding regulatory actions and meeting with CSBS, FRB, FDIC, and other state regulatory counterparts to gather and analyze information concerning specific large bank regulatory issues;
• Participating in the CSBS Large Bank Supervision Working Group, contributing to the development of policies and best practices for large bank supervision.

Minimum Qualifications, Substitutions, Conditions of Employment & Appeal Rights

MINIMUM QUALIFICATIONS (MQs):

There are two ways to qualify for this position: 1) Experience OR 2) A Combination of Education and Experience

Option 1: Experience

• Nine (9) years of full-time professional* work experience in a financial institution, and/or with a state or federal banking regulatory body; AND
• Of the nine (9) years of professional* work experience, at least three (3) years must include leading teams, including distributing and assigning work, ensuring timeliness, and accuracy of work performed, and being accountable for the work product of other team members.

Option 2: A Combination of Education AND Experience

• Associate’s Degree and Experience: Graduation from an accredited college or university with an associate’s degree in finance, accounting, business administration, economics, statistics, mathematics, or in a field of study related to the work assignment; AND
• Seven (7) years of full-time professional* work experience in a financial institution, and/or with a state or federal banking regulatory body; AND
• Of the seven (7) years of professional* work experience, at least three (3) years must include leading teams, including distributing and assigning work, ensuring timeliness, and accuracy of work performed, and being accountable for the work product of other team members.

OR

• Bachelor’s Degree and Experience: Graduation from an accredited college or university with a bachelor's degree in finance, accounting, business administration, economics, statistics, mathematics, or in a field of study related to the work assignment; AND
• Five (5) years of full-time professional* work experience in a financial institution, and/or with a state or federal banking regulatory body; AND
• Of the five (5) years of professional* work experience, at least three (3) years must include leading teams, including distributing and assigning work, ensuring timeliness, and accuracy of work performed, and being accountable for the work product of other team members.

Document this experience in your application IN DETAIL, as your experience will not be inferred or assumed. Part-time experience will be prorated.

SUBSTITUTIONS:

• Partial credit toward the degree requirement will be given for completed college/university coursework that did not result in a degree. A master's or doctorate degree from an accredited college or university in a field of study related to the work assignment will substitute for the bachelor's degree requirement.

• Professional work involves exercising discretion, analytical skill, judgment and personal accountability and responsibility for creating, developing, integrating, applying, and sharing an organized body of knowledge that characteristically is: uniquely acquired through an intense education or training regimen at a recognized college or university; equivalent to the curriculum requirements for a bachelor's or higher degree with major study in or pertinent to the specialized field; and continuously studied to explore, extend, and use additional discoveries, interpretations, and application and to improve data, materials, equipment, applications and methods.

Preferred Qualifications:

• Demonstrated professional* experience working in the Colorado Division of Banking, in a state government agency, banking/finance industry to ensure compliance with policies and procedures when conducting examinations or audits of financial institutions;
• Certified Public Accountant (CPA);
• Demonstrated professional* experience working with and knowledge of the Uniform Financial Institutions Rating System (UFIRA), Uniform Interagency Trust Rating System (UITRS), and Non-depository Trust Company Rating System (NTCRS);
• Demonstrated professional* experience working in a financial institution, strategizing and coordinating operations while ensuring compliance with laws;
• Demonstrated professional* experience working in a financial institution performing risk management and/or internal auditing;
• Auditing or examination experience with a state or federal regulatory body (OCC, FDIC, FRB, or a state banking regulatory agency);
• Experience as a Commissioned Bank Examiner assisting, conducting, or directing examinations of insured depository institutions to determine their financial condition; evaluate management; and determine the safety, soundness, and risk posed to consumers.

Required Competencies: The following knowledge, skills, abilities, and personal characteristics are required competencies and may be considered during the selection process (including examination and/or interview):

• Demonstrated written communication skills, including the ability to convey information to various stakeholders in a clear, accurate, and concise written manner;
• Demonstrated verbal communication skills, including the ability to effectively convey information to audiences in a concise manner;
• Demonstrated attention to detail;
• Sound judgment and the confidence to make decisions on a routine basis;
• Demonstrated critical thinking and analytical skills, including having the ability to evaluate information in order to apply knowledge and to decide on the most appropriate course of action;
• Problem-solving skills, including the ability to review and analyze information in order to recommend solutions;
• Customer service skills, including the ability to diplomatically interact with difficult customers and maintain communication with stakeholders;
• Interpersonal skills, including the ability to collaborate with various stakeholders;
• Flexibility and adaptability, including the ability to shift to the needs and circumstances of an examination and the ability to adapt to changing work assignments;
• Demonstrated prioritization skills, including planning, organizing tasks, and time management in order to meet deadlines;
• Leadership skills, including the ability to effectively lead a team, delegate tasks, and cultivate a respectful and successful workplace environment;
• Knowledge of Colorado Banking Code, Public Deposit Protection Act, Banking Board Rules, Colorado Statutes, Division Policies and Procedures, and Federal Banking Laws and Regulations;
• Demonstrated ability to read, understand, interpret, apply, and explain laws, rules, policies, and procedures;
• Demonstrated ability to understand and abide by workplace principles, practices, and behaviors as internally identified and defined by the division and department;
• Ability to represent the department and the Division of Banking in a positive, professional and objective manner, and support a positive workplace environment;
• Ability to accept and apply constructive criticism, take ownership of mistakes, and improve from them;
• Ability to travel independently, including work in-office, as required by business needs and scheduled by the supervisor;
• Integrity and high ethical standards;
• Accountability, reliability, including attendance;
• Ability to maintain confidential, controversial, or sensitive information;
• Self-starter, including the ability to work independently, learn new processes, utilize own knowledge and that of the supervisor, and complete work with minimal supervision;
• Demonstrated professional demeanor;
• Knowledge and understanding in the use of PC software applications including Microsoft Office (Word, Excel, Outlook, etc.) and Google Suite (Doc’s, Sheets, Slides, Calendar, etc.).

Conditions of Employment: Candidates who fail to meet the conditions of employment will be removed from consideration.

• The successful passing of a reference check and/or, if required, a background check.
  • A reference check may include but is not limited to: contacting previous and current supervisors to verify employment and discuss performance, a review of the personnel file, a review of the performance record, etc.
  • The type of background check depends on the job duties of the position, and can include a review of any criminal record, credit report, and/or driving record.
• Ability to travel independently, including work in-office, as required by business needs and scheduled by the supervisor.
• Applicants must have the ability and willingness to travel independently. This position requires the ability to travel up to 40% of the time, including traveling overnight and staying out over weekends when required; and the ability to transport equipment, including, but not limited to, laptop computers, printers, manuals, and supplies.
• Effective September 20, 2021, employees will be required to attest to and verify whether or not they are fully vaccinated for COVID-19. Employees who have not been fully vaccinated may be required to submit to serial testing in the future. Upon hire, new employees will have three (3) business days to provide attestation to their status with proof of vaccination. Vaccinated employees must provide proof of vaccination.
• Note: Fully Vaccinated means two (2) weeks after a second dose in a two-dose series of the COVID-19 vaccine, such as the Pfizer or Moderna vaccine, or two (2) weeks after the single-dose vaccine, such as Johnson & Johnson’s Janssen vaccine, as defined by the most recent State of Colorado’s Public Health Order and current guidance issued by the Colorado Department of Public Health & Environment.

Supplemental Information

PLEASE READ - Required Application Materials

Interested individuals must submit the following online:

1. A completed State of Colorado Application (log-in to your current NeoGov account or create a NeoGov account to complete the online application). Note: Incomplete applications, including incomplete work history sections or "see résumé," "see attachment," or "see addendum" statements, will not be accepted in lieu of a completed application form.

2. A current email address on your application, as all communication pertaining to this position will be conducted via email. Please set up your email to accept messages from info@governmentjobs.com and ‘@state.co.us’ addresses, and check your email often. Note: The department cannot guarantee the successful delivery of email, including incorrect filtering into junk mail folders.

3. A detailed cover letter, explaining how you meet the required competencies and how your accomplishments, qualifications, skills, areas of expertise, personal characteristics, etc. make you a good fit for this position; you may also attach additional documents that demonstrate this.

Comparative Analysis Process: Structured Application Review

Part of, if not the entire, comparative analysis process for this position will involve a review of the information you submit in your application materials; Therefore, it is paramount that in the experience portion of your application and cover letter, you describe the extent to which you possess the education, experience, and competencies outlined in the job announcement as well as the required and/or preferred qualifications/competencies. You are also encouraged to attach additional documents to that effect. Failure to include adequate information or follow instructions may affect your score and prevent you from competing in subsequent measures used to arrive at a top group of applicants.

Veterans’ Preference: Candidates who wish to assert Veterans’ Preference should attach a copy of their DD214 to their application. Failure to do so will result in being denied Veterans Preference.

Appeal Rights:

If you receive notice that you have been eliminated from consideration for this position, you may file an appeal with the State Personnel Board or request a review by the State Personnel Director.

An appeal or review must be submitted on the official appeal form, signed by you or your representative. This form must be delivered to the State Personnel Board by email, US Mail, faxed or hand-delivered within ten (10) calendar days from your receipt of notice or acknowledgment of the department’s action.

For more information about the appeals process, the official appeal form, and how to deliver it to the State Personnel Board go to spb.colorado.gov or refer to 4 Colorado Code of Regulations (CCR) 801-1, State Personnel Board Rules and Personnel Director's Administrative Procedures, Chapter 8, Resolution of Appeals and Disputes, at spb.colorado.gov under Rules.