State of Connecticut Executive Branch

Financial Examiner (1158AR)

$37.50-$48.48 Hourly / $2,999.85-$3,877.97 BiWeekly /
$78,296.00-$101,215.00 Yearly

PURPOSE OF JOB CLASS (NATURE OF WORK)

In the Department of Banking this class is accountable for independently performing a full range of tasks in the examination and investigation of financial entities regulated by the Department of Banking.

GUIDELINES FOR JOB CLASS USE

This is a professional working level class used in the following capacities:
  • Independently conducting routine examinations and investigations.
  • Participating as a member of a team on larger and more complex examinations and investigations.

SUPERVISION RECEIVED

Works under the general supervision of an employee of higher grade.

SUPERVISION EXERCISED

May lead lower level employees as assigned.

EXAMPLES OF DUTIES

  • Conducts or assists in the conduct of examinations and investigations of domestic and international banks, credit unions, broker-dealers, investment advisers, mortgage companies, consumer lenders and other financial entities; 
  • Assesses financial condition and/or regulatory compliance by reviewing financial and operational documentation, including financial statements and reports, loan files, investments, management policies, consumer complaints, risk management programs, advertising, licensing information and other records; 
  • Researches and documents apparent violations of applicable laws and contraventions of policy; 
  • Communicates with industry and department managers to review issues and findings; 
  • Assists in enforcement activities such as drafting subpoenas and interviewing witnesses; 
  • Provides guidance to public on industry regulatory requirements and business practices through consumer complaint resolution and outreach activities; 
  • Reviews and makes decisions on non-routine license and registration applications; 
  • Prepares exam and investigation reports and correspondence; 
  • May provide guidance to lower level staff regarding examining procedures and techniques; 
  • May work with prosecuting attorneys and testify with regard to examinations or investigations; 
  • Performs related duties as required.

KNOWLEDGE, SKILL AND ABILITY

  • Knowledge of 
    • the organization, operations and business practices of financial entities such as banks, credit unions, trust companies, broker-dealers, investment advisors, mortgage companies and other non-bank grantors of credit; 
    • principles and practices of accounting, auditing and finance; 
    • laws applicable to regulated entities; 
    • regulatory and investigative procedures and techniques; 
  • Ability to 
    • interpret and apply applicable statutes and regulations; 
    • utilize computer software;
  • Skills
    • oral and written communication skills; 
    • interpersonal skills. 

MINIMUM QUALIFICATIONS - GENERAL EXPERIENCE

Six (6) years of experience in the regulation of financial entities or in accounting, auditing, banking or finance.
NOTE: Financial entities are defined as domestic and international banks, credit unions, broker-dealers, investment advisors, mortgage companies and consumer lenders.

MINIMUM QUALIFICATIONS - SPECIAL EXPERIENCE

Two (2) years of the General Experience must have been at the paraprofessional level.
NOTE: This experience is interpreted as work requiring the exercise of some independent judgment in the application of basic principles and practices of accounting, auditing, banking, finance or the regulation of financial entities.

MINIMUM QUALIFICATIONS - SUBSTITUTIONS ALLOWED

  • Successful completion of an Accounting Careers Trainee program approved by the Department of Administrative Services may be substituted for the General Experience and Special Experience.
  • Successful completion of a Connecticut Careers Trainee program approved by the Department of Administrative Services may be substituted for the General Experience and Special Experience.
  • College training may be substituted for the General Experience on the basis of fifteen (15) semester hours equalling one-half (1/2) year of experience to a maximum of four (4) years for a Bachelor’s degree.
  • A Master’s degree in business, accounting, finance or closely related field may be substituted for one (1) additional year of the General Experience.

SPECIAL REQUIREMENTS

  • Incumbents in this class may be required to travel.
  • Incumbents in this class may be required to possess and retain a valid Motor Vehicle Operator’s license.

JOB CLASS DESIGNATION

Classified/Competitive

OCCUPATIONAL GROUP

(01)-Accounting/Auditing

BARGAINING UNIT

(16)-ADMIN & RESID (P-5)

EEO

(2)-Professional

SALARY INFORMATION

AR 23

ACKNOWLEDGEMENT

As defined by Sec. 5-196 of the Connecticut General Statutes, a job class is a position or group of positions that share general characteristics and are categorized under a single title for administrative purposes.  As such, a job class is not meant to be all-inclusive of every task and/or responsibility.

CANCELLATION CLAUSE

This replaces the existing specification for the class of Emergency Management Program Specialist in Salary Group AR 24 approved effective February 15, 2012. (Revised to modify the Minimum Qualifications - Substitutions Allowed section and modify content) Final 23-035

EFFECTIVE DATE

03/08/2023
CLASS: 1158AR; EST: 10/1/1987; REV: 3/10/2023;