Financial Examiner: Consumer Credit Date Posted: Jan 8, 2025 Requisition ID: 453761 Location: Indianapolis, IN, US, 46204 Work for Indiana Begin a fulfilling career with the State of Indiana by joining one of the largest employers in the state, offering a diverse range of opportunities across 60+ agencies. At the state, you'll find competitive compensation, a robust benefits package and a commitment to work-life balance. Most importantly, you'll have the chance to make a real and measurable impact on the lives of Hoosiers across Indiana. At the State of Indiana, we don’t just talk about diversity and inclusion—we make it our goal to create a welcoming, accessible, and equitable workplace with a workforce that is representative of Indiana's population. As a proud equal opportunity employer, reasonable accommodations may be available to enable individuals with disabilities to complete the application and interview process as well as perform the essential functions of a role. About The Department of Financial Institutions: The Indiana Department of Financial Institutions (DFI) works to promote the growth and prosperity of local Indiana communities through effective and common-sense regulation. We regulate and supervise financial services providers in a manner that protects the interest of depositors, borrowers, shareholders, and consumers. We seek qualified candidates that embrace a dynamic and high-performing work environment that has well-identified career pathways and significant opportunities to progress throughout the organization. Role Overview: The Financial Examiner for Consumer Credit for the Indiana Department of Financial Institutions will be in an entry-level position and travel within a specified region of the State. The position will be in training to learn how to conduct examinations for compliance with state consumer lending and applicable federal regulations in the following types of institutions: State Chartered Depository Institutions, Licensed Lenders, Non-Lenders (such as car dealerships and other sellers of retail goods that offer financing), Rental Purchase Entities, Pawnbrokers, Debt Management Companies, Mortgage Lenders, Check Cashing, and Money Transmitter Licensees. The position’s initial training will focus on non-Lender examinations, and as the examiner role progresses, additional training will be provided. As a Financial Examiner in the Consumer Credit Division, your day-to-day responsibilities include, but not limited to: + Performing various examination duties related to regulatory compliance for state-chartered Depository Institutions, Licensed Lenders, Non-Lenders, Rental Purchase Entities, Pawnbrokers, Debt Management Companies, Mortgage Lenders, Check Cashing Companies, and Money Transmitter Licensees. + Assisting in evaluating the degree of compliance with governing statutes and regulations. + Preparing examination reports of findings and meeting with officers and managers of the regulated entities to discuss examination findings. + Assisting in developing ways to bring the organization into full compliance with laws and regulations and recommending procedures necessary to maintain compliance. Location This is a regionally-based position. We are currently hiring for multiple regions. Successful candidates should reside in/be willing to move to Delaware County, Allen County, Monroe County, Bartholomew, Tippecanoe, or a directly adjacent county. Traveling for training and to/from our Central Office in Indianapolis is required. Salary Statement: Salary will be determined based on the individual’s job and educational related experience. The starting examiner salary for an individual with no or limited relatable experience is $53,222, with a potential opportunity for adjustment based on relevant experience and skillset of the applicant. The Department utilizes eight different examiner level classifications based on experience and skills retained. A Day in the Life: The essential functions of this role are as follows: Depository: + Perform various examinations that are conducted on institutions of large size and complexity. + Serve as an Examiner-In-Charge (EIC) of Safety and Soundness examinations for institutions of the largest size and complexity, and those exhibiting financial or operating weakness. + Submit examination plans that recognize the condition and risk profile of the institution. + Oversee examination staff to affirm the appropriateness of scope and assure that established examination procedures are followed. + Submit timely Reports of Examination that are analytically correct, void of major errors, and contain minimal errors. + Make accurate ratings determinations and develop corrective programs with assistance. + Develop loan review samples consistent with department goals of identifying credit risks. + Serve as the Central Point of Contact (CPC) for the most complex institutions. Recognize and analyze risk and trends in institutions through effective use of off-site monitoring tools, on-site examinations, and communication with other DFI staff, federal regulators, and institution management. + Coordinate on-site visitations at necessary intervals with supervisory approval or direction and attend board/management exit meetings as necessary. + Perform all examination and assign appropriate Capital Adequacy, Asset Quality, Management, Earnings, Liquidity and Sensitivity to Interest Rate Risk (CAMELS) ratings + Perform asset quality reviews by analyzing the loan portfolios in complex institutions and demonstrate the ability to assign accurate credit risk assessments with decreasing levels of assistance. Further, evaluate credit risk management systems and adjust the examination scope accordingly. Consumer Credit: + Perform various examination duties related to regulatory compliance with state and federal consumer credit laws and regulations. + Conduct examinations on the following types of entities with a focus on the most complex State Chartered Depository Institutions, Licensed Lenders, Licensed Small Lenders, Non-Lenders, Rental Purchase Registrants, Pawnbrokers, Debt Management Companies, Check Cashers, Civil Proceeding Advance Payment Providers, First and Subordinate Lien Mortgage Lenders, and Money Transmitter Licensees. + Serve as an Examiner-In-Charge (EIC) to evaluate the degree of compliance with governing statutes and regulations. + Serve as a Subject Matter Expert (SME) regarding statutes and examination procedures germane to the types of examinations being conducted. + Prepare examination reports of findings that are accurate, pertinent, and comply with Department policies and procedures. Hold meetings with officers and managers to discuss these findings. + Assist in bringing the organization into full compliance with laws and regulations and recommend procedures to maintain compliance. + Review work produced by other staff in a timely manner and provide effective feedback to less tenured examiners. The job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee. Other duties, responsibilities, and activities may change or be assigned at any time with or without notice. What You'll Need for Success: You must meet the following requirements to be considered for employment: + Ability to complete the Agency specific training programs. + Broad knowledge of computer applications, including examination software, internal DFI software, and external computer applications used to research, gather, and analyze examination activities. + Ability to conduct and prepare examination reports. + Ability to identify, apply and interpret laws, regulations, and policies applicable to assigned areas, as well as examination policies and procedures including training less experienced examiners. + Ability to analyze and interpret data and records. + Ability to communicate effectively, both orally and in writing. + Ability to exercise both tact and persuasion in dealing with institution managers and staff. + Ability to travel across or within a specified region of the State based on the job assignment. + At the Depository Division - Ability to use Examination Tools Suite (ETS) to develop loan review samples consistent with department goals of identifying credit risks. Supervisory Responsibilities/Direct Reports: This role may be utilized in a supervisory capacity based on agency needs. Benefits of Employment with the State of Indiana: The State of Indiana offers a comprehensive benefit package for full-time employees which includes: + Three (3) medical plan options (including RX coverage) as well as vision and dental plans + Wellness Rewards Program: Complete wellness activities to earn gift card rewards + Health savings account, which includes bi-weekly state contribution + Flexible work scheduling options, including the potential for hybrid remote work for employees whose work may be performed outside state facilities + Deferred compensation 457B account (similar to 401k plan) with employer match + Two (2) fully-funded pension plan options + A robust, comprehensive program of leave policies covering a variety of employee needs, including but not limited to: + 150 hours of paid new parent leave + Up to 15 hours of paid community service leave + Combined 180 hours of paid vacation, personal, and sick leave time off + 12 paid holidays, 14 on election years + Education Reimbursement Program + Group life insurance + Referral Bonus program + Employee assistance program that allows for covered behavioral health visits + Qualified employer for the Public Service Loan Forgiveness Program + Free Parking for most positions + Free LinkedIn Learning access Equal Employment Opportunity: The State of Indiana is an Equal Opportunity Employer and is committed to recruiting, selecting, developing, and promoting employees based on individual ability and job performance. Our policy is to provide equal employment opportunity to all people in all aspects of employer-employee relations without discrimination because of race, color, creed, religion, sex, national origin, ancestry, age, sexual orientation, gender identity, physical or mental disability, or veteran status. We will comply with the spirit as well as the letter of all applicable state and federal laws. If you are a qualified individual with a disability and require reasonable accommodations to complete this application, you can request assistance by contacting the Indiana State Personnel Department at jobs@spd.IN.gov. The State of Indiana has established a culture that welcomes equity, inclusion, and opportunity for all employees and applicants. We encourage you to apply if you feel you have the transferrable skills to be successful in this position and we look forward to reviewing your application. Current Employee? Click here (https://performancemanager8.successfactors.com/sf/careers/jobsearch?bplte\_company=indianaoff) to apply.