Review Vacancy
AgencyFinancial Services, Department of
TitleBank Examiner or Bank Examiner Trainee 1
Occupational CategoryFinancial, Accounting, Auditing
Bargaining UnitPS&T - Professional, Scientific, and Technical (PEF)
Salary RangeFrom $59108 to $74986 Annually
Appointment Type Contingent Permanent
Minimum Qualifications Bank Examiner Trainee 1 – Candidates must possess a Bachelor's Degree or higher in Accounting, Banking, Business Administration, Economics, Finance, Mathematics or Marketing.
Bank Examiner - Candidates must possess a Bachelor's Degree and a minimum of three years of industry or regulatory experience as defined below:
Industry experience is defined as technical and/or supervisory experience in the United States as an employee or officer of a bank, savings bank, trust company, private bank or savings and loan association, a foreign bank's licensed branch or agency, a public accounting firm, a bank or securities rating agency, a securities firm, an investment bank, an insurance company, a mortgage bank, a commercial lending company, or other similar financial services organization.
This experience must have been gained in any one or combination of the following: 1) as a trust officer with management or investment authority over estates and/or trusts or in trust operations, trust administration, or the audit and review of trust administration and fiduciary activities at a banking organization; 2) as an accountant with ongoing responsibility for the design, implementation, and review of accounting systems; 3) as an internal auditor with responsibility for conducting a full range of operational or financial audits, excluding those of retail functions; 4) as a person responsible for credit analysis of commercial loans and/or securities investments; 5) as a person responsible for the review and analysis of debt or equity instruments issued by financial institutions; 6) as a person responsible for the review and analysis of the financial condition of banks; 7) as a person with authority to approve commercial loans, residential or commercial mortgages, or make securities investments; 8) as a person responsible for compliance with banking law and regulation, including consumer protection laws, the Bank Secrecy Act, the Community Reinvestment Act, and fair lending statues; 9) as a person responsible for conducting, managing, analyzing, or auditing the trading, underwriting, hedging, and/or risk management of capital market instruments by banks or other financial institutions; 10) as a person responsible for financial and/or operational risk assessment; 11) as a person responsible for developing, analyzing, managing, or auditing the operations of IT systems at a bank or other financial institution (experience as a programmer or systems administrator will NOT be considered qualifying); or 12) as a person responsible for the development of internal controls for financial and operational systems.
Regulatory experience is defined as an employee of a bank regulatory agency in the United States where the primary responsibility is in the examination or supervision of banks, trust companies, savings banks, savings and loan associations, credit unions, foreign agencies, foreign branches, or investment companies affiliated with a bank, savings bank, trust company, mortgage lender, or savings and loan.
Experience which will NOT be considered qualifying includes, but will not be limited to, duties confined solely to: clerical or administrative operations; operating equipment (such as bookkeeping machines and various types of automation equipment); bank teller duties; routine posting or review of accounting records; sales, marketing, or business development activities; investment advisory or portfolio management services rendered to individuals; documentary processing or reconciliation; bank insurance; and experience as a programmer or system administrator.
Appointment method:
List Appointment: Bank Examiner Trainee 1 - Candidates must be reachable for appointment from the Professional Career Opportunities Select Titles eligible list (List #20-141).
Continuous Recruitment List Appointment: Bank Examiner – Candidates must be reachable for appointment from the Bank Examiner eligible list (List #20-517). Candidates who meet the minimum qualifications for Bank Examiner as described above are encouraged to apply for the Continuous Recruitment Examination.
Duties Description The Department of Financial Services (DFS) is seeking to fill multiple Bank Examiner Trainee positions in our New York City office. This is an exciting career opportunity for someone interested in joining a team of professionals dedicated to guarding against financial crisis and protecting consumers and markets from fraud. Bank Examiners conduct in-depth examinations of financial institutions and other businesses regulated by the DFS. Appointees to these positions will assist in the examination of financial entities to ensure they are operating in a safe and sound manner and in accordance with applicable laws and regulations. Department sponsored training is conducted in-house or through specialized schools.
These positions require substantial overnight travel usually in New York State which could be as much as 50% of the year. Candidates must possess a valid license to operate a motor vehicle in New York State or otherwise demonstrate their ability to meet the transportation needs of the job in carrying out their responsibilities in any location to which travel is required, including locations not accessible by public transportation. Travel expenses in connection with examinations are reimbursed on a fixed schedule.
If hired as a Bank Examiner Trainee you will participate in a two-year traineeship. Upon satisfactory completion of one year of the traineeship you will be advanced to the position of Bank Examiner Trainee 2. Upon completion of the second year of the traineeship you will advance to the journey level Bank Examiner.
Additional duties information will be discussed at the time of the interview.
Additional Comments *Please note that the Bank Examiner Trainee 1 has a starting salary of $44,210.
Some positions may require additional credentials or a background check to verify your identity.
Email Address jonathan.brown@dfs.ny.gov
Address
Notes on ApplyingCandidates who wish to apply for the Bank Examiner Continuous Recruitment Examination must fill out a NYS-APP application form, which can be found here; https://www.cs.ny.gov/extdocs/pdf/nysapp.pdf and return it to:
New York State Department of Financial Services
Human Resources Office
One State Street, New York, NY 10004-1417
Please note that qualified candidates may file as frequently as once every twelve months, but a new application is required each time.
Transfer: Candidates must have one year of permanent competitive or 55b/c service in a title eligible for transfer in accordance with § 70.1 or § 70.4 of the Civil Service Law. Information regarding transfer eligibility may be available on the Civil Service Career Mobility Office website at http://careermobilityoffice.cs.ny.gov/cmo/
To Apply: Interested qualified candidates must submit a resume and letter of interest November 17, 2016 to the email address listed below. Email submissions are preferred.