Financial Institutions Examiner Trainee - Chicago, United States - State of Illinois

State of Illinois

Verified Company

Chicago, United States

2 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

Agency :
Department of Financial and Professional Regulation

Division/Section/Unit:
Banking/Banks, Trust Companies and Savings Institutions/Chicago Commercial Bank Supervision

HR Tracking #: 36042

Working Title:
Financial Institutions Examiner Trainee

Upward Mobility

Closing Date/Time:05/03/2024

Salary:
Anticipated Starting Salary $4,262 a month; Full Range $4,262-$6,043 a month

Job Type:
Salaried

County:
Cook

Number of Vacancies: 1

Plan/BU:
RC062

Posting Identification Number
37193

Position Overview:

Under direct supervision, for a period of six to twelve months, receives on the job and classroom training and completes assignments to acquire knowledge and skills in performing bank, corporate fiduciary and information systems/technology examinations assigned to the Banks, Trust Companies and Savings Institutions Section in the Division of Banking.

Works under the direction of an examiner-in-charge to assist in conducting selected, less complex portions of examinations. Travels extensively to assigned facilities for examinations.

Essential Functions:

Assists higher level examiners, travels and receives training in gathering information to analyze the operating procedures and the information systems/technology to determine the degree of risk to the bank, the adequacy and extent of compliance with policies, procedures, and internal controls, the extent of adherence to safe and sound practices, and the extent of compliance with state and federal laws, rules and regulations.
Assists higher level examiners, travels and receives training in gathering information to analyze and evaluate assets, liabilities, capital accounts, and securities of banks and corporate fiduciaries to determine the adequacy and the extent of compliance with bank policies, procedures, and internal controls, and the extent of compliance with state and federal laws, rules and regulations.
Assists higher level examiners and receives training in gathering information to analyze and evaluate the earnings position of banks and corporate fiduciaries.
To facilitate the amassing of skills, recommends a rating and completes narrative comments for inclusion in the report of examination; submits to superior for review/input and subsequent inclusion.
Assists higher level examiners and receives training in gathering information to analyze and evaluate the bank and corporate fiduciary stock records to determine the adequacy and extent of compliance with policies, procedures, internal controls and the extent of compliance with state and federal laws, rules and regulations.
Verifies the type and amount of insurance coverage of the licensed institution and completes examination report pages and supporting work papers.
Assists higher level examiners and receives training in gathering information to analyze and evaluate the quarterly consolidated reports of condition and income to determine if they were completed in accordance with the applicable instructions.
Participates in seminars and classroom training to learn more about the industry and various state and federal laws, rules and regulations.
Performs other duties as required or assigned which are reasonably within the scope of duties enumerated above.

Minimum Qualifications:

Requires possession of a bachelor's degree in accounting,finance,economics or banking ;or a master's degree in business administration. The class is included as an Upward Mobility Program credential title.

Preferred Qualifications:

Prefers at least four years of experience working in a bank or financial institution.
Prefers at least three years of auditing experience.
Prefers at least four years of experience working in a professional office environment.

Conditions of Employment:

Requires the ability to pass an agency conducted background check.
Requires ability to travel frequently and extensively, both in and outofstate.
Requires a valid appropriate driver's license and access to a vehicle for travel.

About the Agency:

IDFPR is a regulatory licensing and enforcement agency that protects the residents of Illinois, ensures the safety and soundness of financial institutions, ensures that competent professionals are licensed to provide services to the public, and enhances commerce in the state for the benefit of all its residents.

Work Hours: 8:30am-5:00pm M-F

Work Location: 555 West Monroe Street, Chicago IL 60661

Posting Group:
Legal, Audit & Compliance

This title is within the Upward Mobility Program.

General Program information can be found by clicking on the Upward Mobility Program link or for specific title information at UMP Title Descriptions.

There are three categories of UMP titles: 1) certificate titles which require passing a written proficiency exam; 2) credential titles which require the possession of a specified college degree and/or licensure; and 3) dual titles for which a certificate