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State of Indiana · 1 day ago

Financial Licensing Analyst

Indianapolis, IN

Full-time

Onsite

Mid Level

$53K/yr - $53K/yr

The State of Indiana is one of the largest employers in the state, offering a range of opportunities across various agencies. The Financial Licensing Analyst position involves supporting the licensing and applications functions of the Department of Financial Institutions, conducting examinations, and ensuring compliance with financial regulations to protect consumer interests.

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Responsibilities

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 Capital Adequacy, Asset Quality, Management, Earnings, Liquidity and Sensitivity to Interest Rate Risk (CAMELS) ratings

Perform asset quality reviews by analyzing the loan portfolios in complex institutions and demonstrate the ability to assign accurate credit risk assessments with decreasing levels of assistance. Further, 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 the following types of 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 germane 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

Qualification

Examination softwareRegulatory complianceData analysisConsumer credit lawsCommunication skillsSupervisory skillsTactTraining skillsPersuasion

Required

Ability to complete the Agency specific training programs

Broad knowledge of computer applications, including examination software, internal DFI software, and external computer applications used to research, gather, and analyze examination activities

Ability to conduct and prepare examination reports

Ability to identify, apply and interpret laws, regulations, and policies applicable to assigned areas, as well as examination policies and procedures including training less experienced examiners

Ability to analyze and interpret data and records

Ability to communicate effectively, both orally and in writing

Ability to exercise both tact and persuasion in dealing with institution managers and staff

Ability to travel across or within a specified region of the State based on the job assignment

At the Depository Division - Ability to use Examination Tools Suite (ETS) to develop loan review samples consistent with department goals of identifying credit risks