State of Maryland

A Financial Depository Examiner II is the full performance level of financial examination work.  Employees in this classification examine the accounts, records, consumer transactions and business practices of depository financial institutions (i.e., State chartered banks, trust companies and credit unions) primarily located at the business’ headquarters.  Employees in this classification perform complete examinations designed to ensure that the financial institutions are in compliance with laws and regulations governing their operations or individual compliance reviews resulting from the receipt of consumer complaints.  Both examinations and reviews performed by this classification are designed to strengthen the financial integrity of the regulated industry.  Employees in this classification do not supervise other positions.

Employees in this classification receive general supervision from a Financial Depository Examiner Supervisor.  The work may require travel throughout the State and in some instances the United States, including overnight travel.

Positions in this classification are evaluated by using the classification job evaluation methodology.  The use of this method involves comparing the assigned duties and responsibilities of a position to the job criteria found in the Nature of Work and Examples of Work sections of the class specification.

The Financial Depository Examiner Trainee, Financial Depository Examiner I and Financial Depository Examiner II are differentiated on the basis of the degree of supervisory control exercised by the supervisor over these employees.  The Financial Depository Examiner Trainee learns to perform duties under close supervision.  The Financial Depository Examiner I performs duties under close supervision at times and under general supervision at other times depending upon the complexity of the specific duty assigned.  The Financial Depository Examiner II performs the full range of duties and responsibilities under general supervision.  The Financial Depository Examiner II is differentiated from the Financial Depository Examiner, Lead in that the Financial Depository Examiner, Lead assigns, reviews and approves the work of and trains lower-level Financial Depository Examiners.

Evaluates the asset quality of the financial institution by reviewing loan files to determine the borrower’s capacity to pay and the institution’s underwriting credit administration practices;

Evaluates the financial institution by examining the accounts, records, consumer transactions and business practices of the institution in order to determine compliance with governing laws and regulations;

Reviews real estate appraisals for quality and conformance with internal policy and regulatory guidance;

Reviews insider transactions and affiliate transactions for proper documentation and accounting treatment in accordance with current guidelines;

Reviews and analyzes the quality of the investment portfolio by identifying complex and unusual investments for credit quality, accounting accuracy and investment strategies;

Recognizes and reviews suitability of off-balance sheet activities;

Evaluates the institution’s capital position and related plans, earnings and budgetary process;

Evaluates the adequacy of the allowance for loan and lease losses, account liquidity position, funds management policies, appropriateness of funding strategies and sensitivity to market risk;

Reviews and evaluates the bank’s financial reporting practices and the adequacy of the Bank Secrecy Act (BSA) program;

Ensures that the Report of Examination contains an assessment of each CAMELS component (capital, asset quality, management, earnings, liquidity, and rate sensitivity), with adequate support, by reviewing or evaluating sections of the report for accuracy and completeness;

Prepares comments and recommendations for the institution’s Board of Directors and management regarding corrective actions;

Prepares pre-examination planning report based on analysis by communicating with the institution’s senior management concerning new products and services, electronic banking, growth plans and the condition of the institution;

Participates in formal training and self-study programs, including, but not limited to, Loan Analysis School, Examination Management School and two National Credit Union Association (NCUA) Core Training Level Courses;

Analyzes quarterly financial data using Uniform Bank Performance Report (UBPR) information to prepare comments on trends noted in the institutions;

Submits formal quarterly monitoring reports to a Financial Depository Examiner Supervisor or Assistant Commissioner for Bank and Credit Union Supervision;

Coordinates activities with other agencies [i.e., the Federal Reserve Board (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Association (NCUA), and the American Mutual Share Insurance (AMSI)] during joint or concurrent examinations;

May participate in an internal Commissioning Evaluation to determine readiness to advance to the Financial Depository Examiner, Lead position;

May provide advice and guidance to lower-level Financial Depository Examiners;

Performs other related duties.

Knowledge of laws and regulations governing banks, credit unions and related depository institutions chartered to operate in Maryland;

Knowledge of the theory, principles and practices of auditing and accounting;

Knowledge of lending policies and practices, loan underwriting procedures and credit administration practices;

Knowledge of relevant specialized software to produce reports of examination;

Knowledge of examination procedures and manuals produced by the following: the “Instruction for Consolidated Reports of Condition and Income”, the “Division of Supervision and Compliance (DSC) Manual of Examination Policies”, the “User’s Guide for the Uniform Bank Performance Report”, and the Federal Deposit Insurance Corporation (FDIC) and National Credit Union Administration (NCUA) Rules and Regulations;

Knowledge of business practices and procedures of depository institutions and trust companies;

Knowledge of computerized financial reporting and accounting systems in financial institutions;

Skill in the analysis of finance and accounting related to investments, loans and interest rate risk in order to conduct trend analyses, calculate financial ratios, analyze compliance with regulations, policies and procedures, assess investment strategies, note discrepancies and problems and ensure proper accounting procedures;

Skill in evaluating loans and loan relationships in order to assign an appropriate classification in accordance with guidelines;

Skill in using automated data processing information systems, personal computers and software related to examinations;

Ability to communicate effectively;

Ability to interpret and apply governing laws, rules, regulations and procedures to specific situations;

Ability to evaluate the accuracy, adequacy and propriety of manual and computerized accounts and reports generated from financial transactions;

Ability to analyze records and develop specific information associated with the purpose of the examination;

Ability to prepare complete and accurate work papers and narrative reports;

Ability to establish and maintain effective working relationships with other examiners, agency staff, agency management personnel, representatives from the financial services industry, attorneys and federal officials.

Experience: Seven years of experience examining the accounts, records and business practices of depository financial institutions or in examination, managerial or professional accounting or auditing work.

Notes:

1. Candidates may substitute the possession of a Bachelor's degree from an accredited college or university, including or supplemented by a total of 24 credit hours in business administration, finance, economics, law or accounting and three years of experience examining the accounts, records and business practices of depository financial institutions or in examination, managerial or professional accounting or auditing work for the required experience. These credit hours must include a minimum of 6 credit hours in either accounting or auditing.

2. Candidates may substitute the possession of a certificate as a Certified Public Accountant or a Master’s degree in business administration or accounting from an accredited college or university for one year of the required experience.

3. Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in logistics specialist classifications or administrative support specialty codes in the financial management or auditing fields of work on a year-for-year basis for the required experience.

Class specifications are broad descriptions covering groups of positions used by various State departments and agencies. Position descriptions maintained by the using department or agency specifically address the essential job functions of each position.

This is a Skilled Service classification in the State Personnel Management System.  All positions in this classification are Skilled Service positions.  Some positions in Skilled Service classifications may be designated Special Appointment in accordance with the State Personnel and Pensions Article, Section 6-405, Annotated Code of Maryland.

This classification is assigned to Bargaining Unit G-Engineering, Scientific and Administrative Professionals classes.  As provided by State Personnel and Pensions Article, Section 3-102, special appointment, temporary, contractual, supervisory, managerial and confidential employees are excluded from collective bargaining.  Additionally, certain executive branch agencies are exempt from collective bargaining and all positions in those agencies are excluded from collective bargaining.

This classification is one level in a Non-Competitive Promotion (NCP) series.  NCP promotions are promotions by which employees may advance in grade and class level from trainee to full performance levels in a classification series.  In order to be non-competitively promoted to the next level in a NCP series an employee must: 1) perform the main purpose of the class as defined in the Nature of Work section of the class specification; 2) receive the type of supervision defined in the class specification, and 3) meet the minimum qualifications of the classification.