State of Maryland

A Financial Depository Examiner Advanced is the advanced 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.  Employees in this classification function as Examiners-In-Charge (EIC) with full responsibility for the entire examination team of Financial Depository Examiners and the completion of the Report of Examination, including the CAMELS (capital, asset quality, management, earnings, liquidity, and rate sensitivity) rating system and recommendations for corrective actions of the institutions being examined.  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 Advanced is differentiated from the Financial Depository Examiner II in that the Financial Depository Examiner Advanced functions as the Examiner-in-Charge with full responsibility for the entire examination team of lower-level Financial Depository Examiners, while the Financial Depository Examiner II performs the full range of duties under general supervision.  The Financial Depository Examiner Advanced is differentiated from the Financial Depository Examiner Supervisor in that the Financial Depository Examiner Supervisor has supervisory responsibility for lower-level Financial Depository Examiners.

Leads and coordinates the activities of an examination team of Financial Depository Examiners;

Conducts pre-examination briefings with the financial institution’s senior management staff to discuss changes in management, new products and services, electronic banking, growth plans, and the condition of the institution and local and national economy;

Conducts exit meetings with the financial institution’s senior management staff to discuss the examination’s findings, individual CAMELS components and provides recommendations for corrective actions;

Determines that the final examination report contains an assessment of each CAMELS component ratings;

Completes the Examiner’s Comments and Conclusions in the Report of Examination;

Proofs and edits each section of the Report of Examination to determine whether the comments are consistent with the overall assessment of the financial institution;

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: Eight 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 four 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 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 may be substituted 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.