What are the responsibilities and job description for the COMPLIANCE EXAMINER 1-4 position at State of Louisiana?
This job posting will be used by the Office of Financial Institutions to fill vacancies in the following offices: Baton Rouge, New Orleans, Lafayette, Alexandria, Shreveport and Monroe.
Compliance Examiners employed by the Office of Financial Institutions may conduct examinations of the following types of entities: Banks, Savings and Loans, Credit Unions, Holding Companies, Trust Companies, Securities Firms, Licensed Lenders, Payday Lenders, Mortgage Companies, Pawnbrokers, Repossession Agencies, Check Cashers, Money Transmitters, Virtual Currency Businesses, or Bond for Deed Companies. Examinations of these entities focus on compliance with laws and regulations or focus on safety and soundness and compliance with laws and regulations. Examination procedures may include analysis of capital, asset quality, earnings, liquidity, and sensitivity to market risk and may include review of management oversight, information technology, and compliance with federal laws and regulations, such as the Bank Secrecy Act (BSA), in addition to compliance with state laws and regulations. Good communication, analytical, reasoning, and comprehension skills, along with good judgement, are skills necessary to be an effective Compliance Examiner. Compliance Examiner applicants should be fast learners who are able to understand multiple areas of regulation and/or safety and soundness.
As a part of a Career Progression Group, vacancies may be filled from this recruitment as a Compliance Examiner 1, a Compliance Examiner 2, a Compliance Examiner 3, or a Compliance Examiner 4 depending on the level of experience of the selected applicant. Please refer to the 'Job Specifications' tab located at the top of the LA Careers 'Current Job Opportunities' page of the Civil Service website for specific information on salary ranges, minimum qualifications and job concepts for each level.
All prospective new hires are required to pass a drug screening, provide a credit history report with a FICO score, and be fingerprinted for a criminal background check.
All prospective new hires will also be subject to employment eligibility verification via the federal government's E-verify system.
Resumes will not be accepted in lieu of a completed official State job application. You MUST include all relevant education and experience on your official State job application.
Disqualification of application:
While we encourage all interested applicants to apply, please be aware that there are various reasons that your application may be disqualified from consideration including, but not limited to:
Louisiana is a State as a Model Employer for People with Disabilities.
For further information about this posting, please contact:
George Hagarty,
Human Resources Analyst
ghagerty@ofi.la.gov
or
YaVonya Kelley,
Human Resources Specialist
ykelley@ofi.la.gov.
Examines the accounting systems and financial status of financial service providers or insurance companies to ensure financial solvency and fair consumer practices.
Level of Work:
Entry.
Supervision Received:
Direct from a Compliance Examiner Assistant Manager, Compliance Examiner Manager, or other higher-level supervisor.
Supervision Exercised:
None.
Location of Work:
Job Distinctions:
Differs from Compliance Examiner 2 by the absence of responsibility for performing the full range of examination functions.EXAMPLES BELOW ARE A BRIEF SAMPLE OF COMMON DUTIES ASSOCIATED WITH THIS JOB TITLE. NOT ALL POSSIBLE TASKS ARE INCLUDED.
Conducts field examinations of financial service providers and insurance companies such as banks, residential mortgage lenders, pawnshops, credit unions, and HMOs to determine compliance with state and federal laws, policies, rules, and regulations.
Examines records of assets such as cash and accounts due from institutions, investments, loans, real estate, and equipment to verify accuracy and composition of data provided in financial statements.
Examines records of liabilities such as deposit accounts, savings accounts, certificates of deposit, taxes, debts, loans, other borrowed money, and accrued expenses; reviews records of stockholder's equity such as common stock, preferred stock, capital surplus, retained earnings, and subordinated debt to determine accuracy of and composition of data in financial statements.
Prepares reporting schedules on numerous detail tasks areas, including concentrations of assets in a particular area, rate sensitivity analysis, liquidity and funds management, and premises and equipment.
Attends meetings and conferences with top-level management of firms to obtain information, resolve discrepancies, and report findings.
On a rotating basis, will serve as an assistant-in-charge for examinations of lesser complexity.
Attends and successfully completes beginning Compliance examiner school.
Compliance Examiners employed by the Office of Financial Institutions may conduct examinations of the following types of entities: Banks, Savings and Loans, Credit Unions, Holding Companies, Trust Companies, Securities Firms, Licensed Lenders, Payday Lenders, Mortgage Companies, Pawnbrokers, Repossession Agencies, Check Cashers, Money Transmitters, Virtual Currency Businesses, or Bond for Deed Companies. Examinations of these entities focus on compliance with laws and regulations or focus on safety and soundness and compliance with laws and regulations. Examination procedures may include analysis of capital, asset quality, earnings, liquidity, and sensitivity to market risk and may include review of management oversight, information technology, and compliance with federal laws and regulations, such as the Bank Secrecy Act (BSA), in addition to compliance with state laws and regulations. Good communication, analytical, reasoning, and comprehension skills, along with good judgement, are skills necessary to be an effective Compliance Examiner. Compliance Examiner applicants should be fast learners who are able to understand multiple areas of regulation and/or safety and soundness.
As a part of a Career Progression Group, vacancies may be filled from this recruitment as a Compliance Examiner 1, a Compliance Examiner 2, a Compliance Examiner 3, or a Compliance Examiner 4 depending on the level of experience of the selected applicant. Please refer to the 'Job Specifications' tab located at the top of the LA Careers 'Current Job Opportunities' page of the Civil Service website for specific information on salary ranges, minimum qualifications and job concepts for each level.
All prospective new hires are required to pass a drug screening, provide a credit history report with a FICO score, and be fingerprinted for a criminal background check.
All prospective new hires will also be subject to employment eligibility verification via the federal government's E-verify system.
Resumes will not be accepted in lieu of a completed official State job application. You MUST include all relevant education and experience on your official State job application.
Disqualification of application:
While we encourage all interested applicants to apply, please be aware that there are various reasons that your application may be disqualified from consideration including, but not limited to:
- Failure to fully complete the education and work experience sections of the application; (Please note for the education section that the semester area refers to the # of credit HOURS and not the # of semesters you completed) Submission of a resume and/or paper SF-10 application in lieu of the online application
- Failure to list complete license information (If applicable to the job position).
- Failure to submit an equivalency evaluation statement for an international degree by the closing of this announcement;
Louisiana is a State as a Model Employer for People with Disabilities.
For further information about this posting, please contact:
George Hagarty,
Human Resources Analyst
ghagerty@ofi.la.gov
or
YaVonya Kelley,
Human Resources Specialist
ykelley@ofi.la.gov.
MINIMUM QUALIFICATIONS
Three years of experience in accounting, auditing, banking, compliance management, financial operations, or insurance; OR
Six years of full-time experience in any field plus nine semester hours in accounting and an additional fifteen semester hours in accounting, economics, finance, business law, insurance, statistics, financial analysis, or money and banking; OR
A bachelor’s degree with nine semester hours in accounting and an additional fifteen semester hours in accounting, economics, finance, business law, insurance, statistics, financial analysis, or money and banking; OR
A bachelor’s degree in accounting, auditing, finance, business administration, management, economics, or statistics; OR
An advanced degree in accounting, auditing, finance, business or public administration, management, economics, quantitative methods, or statistics; OR
A Certified Public Accountant (CPA) license, Certified Financial Examiner (CFE), Certified Fraud Examiner (CFE), or Certified Internal Auditor (CIA) designation.
Examines the accounting systems and financial status of financial service providers or insurance companies to ensure financial solvency and fair consumer practices.
Level of Work:
Entry.
Supervision Received:
Direct from a Compliance Examiner Assistant Manager, Compliance Examiner Manager, or other higher-level supervisor.
Supervision Exercised:
None.
Location of Work:
Primarily used by the Department of Insurance and Office of Financial Insitutions (OFI).
Job Distinctions:
Differs from Compliance Examiner 2 by the absence of responsibility for performing the full range of examination functions.EXAMPLES BELOW ARE A BRIEF SAMPLE OF COMMON DUTIES ASSOCIATED WITH THIS JOB TITLE. NOT ALL POSSIBLE TASKS ARE INCLUDED.
Conducts field examinations of financial service providers and insurance companies such as banks, residential mortgage lenders, pawnshops, credit unions, and HMOs to determine compliance with state and federal laws, policies, rules, and regulations.
Examines records of assets such as cash and accounts due from institutions, investments, loans, real estate, and equipment to verify accuracy and composition of data provided in financial statements.
Examines records of liabilities such as deposit accounts, savings accounts, certificates of deposit, taxes, debts, loans, other borrowed money, and accrued expenses; reviews records of stockholder's equity such as common stock, preferred stock, capital surplus, retained earnings, and subordinated debt to determine accuracy of and composition of data in financial statements.
Prepares reporting schedules on numerous detail tasks areas, including concentrations of assets in a particular area, rate sensitivity analysis, liquidity and funds management, and premises and equipment.
Attends meetings and conferences with top-level management of firms to obtain information, resolve discrepancies, and report findings.
On a rotating basis, will serve as an assistant-in-charge for examinations of lesser complexity.
Attends and successfully completes beginning Compliance examiner school.
Salary : $3,186 - $6,252
