State of
Department of Civil Service
07/01/08
166870
Last Effective Date 03/03/03
COMPLIANCE
EXAMINER 2
FUNCTION
OF WORK:
Examines the
accounting systems and financial status of financial service providers or
insurance companies to ensure financial solvency and fair consumer practices.
LEVEL
OF WORK:
Experienced.
SUPERVISION
RECEIVED:
Direct from a
Compliance Examiner Assistant Manager, Compliance Examiner Manager, or other
higher -level supervisor.
SUPERVISION
EXERCISED:
Project basis over other Compliance Examiners when acting as assistant
examiner-in-charge or examiner-in-charge.
JOB
DISTINCTIONS:
Differs from the Compliance Examiner 3 by working under the close supervision
of a senior examiner when serving as examiner-in-charge on a project basis.
Differs
from the Compliance Examiner 1 by performing the full range of examination
tasks with less supervision and by serving as assistant-in-charge on a rotating
basis. May serve as examiner-in-charge
of a less complex financial institution under the close supervision of a senior
examiner.
EXAMPLES
OF WORK:
EXAMPLES LISTED BELOW INCLUDE BRIEF SAMPLES OF COMMON DUTIES ASSOCIATED
WITH THIS JOB TITLE. PLEASE NOTE THAT
NOT ALL TASKS ARE INCLUDED.
Conducts
field examinations of financial service providers institutions and insurance
companies such as banks, residential mortgage lenders, pawnshops, credit
unions, and HMOs to determine compliance with state and federal laws, policies,
rules, and regulations.
Examines
records of assets such as cash and accounts due from institutions, investments,
loans, real estate, and equipment to verify accuracy and composition of data
provided in financial statements.
Examines
records of liabilities such as deposit accounts, savings accounts, certificates
of deposit, taxes, debts, loans, other borrowed money, and accrued expenses;
reviews records of stockholder's equity such as common stock, preferred stock,
capital surplus, retained earnings, and subordinated debt to determine accuracy
of and composition of data in financial statements.
Prepares
reporting schedules on numerous detail tasks areas, including concentrations of
assets in a particular area, rate sensitivity analysis, liquidity and funds
management, and premises and equipment.
Confers
with executive officers and members of the board of directors to discuss
findings, summary, and recommendations of the examination report.
On a
rotating basis, will serve as an assistant-in-charge or examiner-in-charge for examinations
of lesser complexity.
Attends
and successfully completes intermediate and advanced financial examiner
schools.
MINIMUM
QUALIFICATIONS:
A baccalaureate
degree with twelve semester hours in accounting and an additional twelve
semester hours in accounting, economics, finance, insurance, statistics or
money and banking plus one year of professional level experience in accounting,
auditing or financial analysis.
SUBSTITUTIONS:
THERE IS NO SUBSTITUTION FOR THE REQUIRED TWENTY-FOUR SEMESTER HOURS OF
SPECIALIZED COLLEGE COURSEWORK.
Eight
years of full-time work experience in any field may be substituted for the
required baccalaureate degree only.
Candidates
without a baccalaureate degree may combine work experience and college credit
to substitute for the baccalaureate degree only, as follows:
A maximum
of 90 semester hours may be combined with experience to substitute for the
baccalaureate degree.
15 to 29
semester hours credit will substitute for one year of experience towards the
baccalaureate degree.
30 to 44 semester hours credit will substitute for two years of experience
towards the baccalaureate degree.
45 to 59 semester hours credit will substitute for three years of experience
towards the baccalaureate degree.
60 to 74 semester hours credit will substitute for four years of experience
towards the baccalaureate degree.
75 to 89 semester hours credit will substitute for five years of experience
towards the baccalaureate degree.
90 or more semester hours credit will substitute for six years of experience
towards the baccalaureate degree.
College
credit earned without obtaining a baccalaureate degree may be substituted for a
maximum of six years full-time work experience. Candidates with 90 or more
semester hours of credit, but without a degree, must also have at least two
years of full-time work experience to substitute for the baccalaureate degree
only.
NOTE:
Any college hours or degree must be from a school accredited by one of the
following regional accrediting bodies:
the Middle States Association of Colleges and Schools; the New England
Association of Schools and Colleges; the North Central Association of Colleges
and Schools; the Northwest Commission on Colleges and Universities; The
Southern Association of Colleges and Schools; the Western Association of
Schools and Colleges.