What are the responsibilities and job description for the FINANCIAL EXAMINER 2-4 position at State of Washington Dept. of Financial...?
Description
- Are you interested in protecting consumers, public service, or obtaining public service loan forgiveness?
- Are you interested in learning about mortgage originators, and other types of mortgage origination, brokering and lending, escrow, consumer lending, student loans, and loan servicing?
- Would you like to work independently and in collaboration with professional examiners, Agency and Division staff, and other state and federal regulators?
If you answered yes to any of these questions, you seriously should consider applying for this position! We’re looking to hire experienced financial regulators, accountants, economists, business finance and real estate/escrow professionals to join our team!
Duties
We protect consumers and advance the financial health of Washington State by providing fair regulation of financial services and educating consumers to make informed financial decisions. As a financial examiner, you will largely work independently and perform complex analysis in politically sensitive situations or analyze financial services companies to assess their status.
Some of What You Will Do:
Serve as examiner-in-charge of complex consumer loan, mortgage broker, check casher and seller, escrow, money transmitter, and currency exchangers examinations. Complex work generally means working in environments with a high degree of political sensitivity, work in which a mistake could have a high cost to the agency and to the public, work involving novel issues not adequately covered by existing written procedures/manuals which requires the development of new techniques and work methods.
Analyze financial conditions of trust accounts, liquidity, capital adequacy, profitability, asset quality, warehouse lines and capacity to lend, deposit and disbursement procedures, investment portfolios and investment strategies, contractual arrangements with vendors, bonding, and insurance coverage.
Analyze real estate or non-real estate lending and brokering disclosures, operational controls, compensation practices, underwriting and consumer ability to repay analysis, sales and advertising practices, and loan closing procedures. Employ the use of examination workbooks and software in analysis of these areas.
Analyze transaction databases, call reports, NMLS analytics, assessments, recordkeeping and reporting requirements.
Investigate predatory lending practices, such as loan flipping, engaging in fraud or deception to conceal the loan obligation. Analyze complex fraudulent transactions or practices.
- Participate and lead joint and coordinated examinations with other states and federal agencies.
Independently prepare concise, comprehensive, and accurate reports of examinations of complex institutions. Identify violations of laws and regulations. Ensure findings are sufficiently supported and documented. Demonstrate a high-level of technical writing skills and attention to detail in the drafting of reports.
Work closely with the Office of the Attorney General in developing, planning, and executing the strategic and litigation approach for the Division’s enforcement cases. Testify in a variety of venues, including administrative proceedings, civil actions, criminal trials, and agency hearings. Participate in or under supervision and direction, conduct negotiations of resolution on behalf of the Director.
Attend schools, conferences, training and staff meetings for ongoing education regarding regulations and examination techniques. This may include preparing and presenting at schools, conferences, staff meetings, or to the public.
Qualifications
Required Qualifications:
12 semester or 20 quarter hours in accounting, finance or economics.
Desired Qualifications:
A Bachelor’s degree with major study in finance, business administration, economics, accounting, or related field including at least 12 semester or 20 quarter hours of accounting, finance, or economics.
AND/OR
Five years of professional experience in one of the following:
accounting or auditing.
analyzing or examining regulated entities.
Supplemental Information
Benefits of working for DFI include:
- Medical, dental, retirement, and generous paid vacation, sick leave, and holidays.
- Healthy work-life balance.
- Commitment to diversity, equity, and inclusion where every person is recognized and valued.
- Professional development and continuing education opportunities.
- You may be eligible for Public Service Loan Forgiveness.
About Our Agency:
The Washington State Department of Financial Institutions' (DFI) mission is to protect consumers and advance the financial health of Washington State by providing fair regulation of financial services and educating consumers to make informed financial decisions. Collectively and independently, the Department's 200-plus employees within its 5 divisions - Administration, Banks, Consumer Services, Credit Unions, and Securities - work together to create a stronger economic future and secure financial environment for Washington's consumers and businesses alike. DFI is self-supporting, in that none of its operating revenues come from the state's general tax funds. Its operating revenues are paid by the organizations and individuals it regulates. To learn more about the Department of Financial Institutions, please visit our website at www.dfi.wa.gov.
The DFI values diverse perspectives and life experiences. We employ and serve diverse people of all backgrounds including people of color, women, LGBTQ , people with disabilities, and veterans. This culture of respect promotes a professional and inclusive environment where maximizing potential through opportunity is achievable by everyone.
About The Division:
In the Division of Consumer Services, consumer protection is at the heart of what we do, whether we are regulating emerging FinTech industries like those dealing in cryptocurrency or more established forms of money transmission, escrow, consumer lending, and loan servicing. We license and conduct examinations of the people and companies in those industries and take action against those who violate the law. We pride ourselves on helping people - by ordering refunds or restitution for consumers, by enhancing the efficiency and effectiveness of state government, and by working to maintain robust, healthy financial industries.
Official Work Station:The examiners place of duty is their home, but work is accomplished with a combination of office and field work. Examiners work a flex schedule, some evenings and weekend work. This position has a high degree of travel inside and outside of the state ranging from 5% to 75% of the employee's time.
Application Process: Applications for this recruitment will be accepted electronically. Submitting your application materials electronically will act as confirmation that the information submitted is complete and accurate to the best of your knowledge. Failure to provide all required application materials may result in disqualification.
Interested applicants should select the "Apply" button and attach the following materials to their application:
- Cover Letter
- Resume
- Three professional references* (provide contact name, phone number, email address, company name, and job title)
- Unofficial college transcripts
- A professional reference is someone who has been paid to supervise your work and can attest to your work performance, technical skills, and job competencies. If you do not have sufficient professional references, please include non-professional references, such as educators or other professional associates.
Note: Application review may begin immediately. DFI reserves the right and may exercise the option to close this recruitment and make a hiring decision at any time. It may be to the applicants advantage to submit application materials as soon as possible.
Background Investigation:
Prior to a new hire, a background check including credit history and criminal record history will be conducted. Information from the background check will not necessarily preclude employment but will be considered in determining the applicant's suitability and competence to perform in the position.
Contact Information:
Tom Grant
360-725-7817
tom.grant@dfi.wa.gov