FINANCIAL INSTITUTIONS EXAMINER TRAINEE - Upward Mobility Program

Position Overview

Under direct supervision, for a period of six to twelve months, receives on the job training and completes job assignments to acquire knowledge and skills requisite for examining books, documents and any other records relative to the establishment, operation, consolidation, or dissolution of Residential Mortgage licensees and student loan processors for the Residential Finance Section in the Division of Banking.  Logs examination information on spreadsheets, tables and data bases.  Assist in reviewing leases, files, contracts and records.  Travels to facilities for examinations and to attend and participate in meetings.

State of Illinois Benefits
•    Health, Life, vision, and dental insurance
•    12 weeks paid maternity/paternity leave
•    Pension Plan – Vesting at 10 years for Tier II
•    Full 20-year retirement awards free health insurance during retirement
•    Deferred compensation and other pre-tax benefits programs
•    Paid state holidays, 12-14 days annually
•    3 paid Personal Business Days annually
•    12 Paid Sick Days annually (Sick days carry over year to year)
•    10-25 Days of Paid Vacation time annually (10 days in year one of employment)
•    Personal, sick, and vacation rates modified for 12 hour work schedules (as applicable) 
•    Employee Assistance Program and/or mental health resources
•    For more information about our benefits please follow this link: https://www2.illinois.gov/cms/benefits/Pages/default.aspx

Essential Functions

• Assists higher level examiners and receives training in performing on-site examinations of records, documents, collateral, or other related materials for purposes of ascertaining compliance with state/federal laws and regulations applicable to the institution under examination.
• To facilitate the amassing of skills necessary to affect logical, systematic, documented reports, composes written assignments, indicating examination findings within the pertinent institution.
• For training purposes, attends and participates in meetings relative to the examinations of a financial institution to discuss findings and provide routine advice and assistance which addresses existing areas of concern.
• Assist in reviewing leases, loan files, employment contracts, board of directors, and corporate records.
• Performs other duties as required or assigned which are reasonably within the scope of the duties enumerated above.

Minimum Qualifications

• Requires possession of a bachelor's degree in accounting, finance, economics or banking; or a master’s degree in business administration.

This class is included as an Upward Mobility Program credential title.

Preferred Qualifications

• Prefers three years of audit or examination experience of banks, mortgage companies, or other financial institutions.
• Prefers three years of experience working in a bank, mortgage company, or other financial institution.
• Prefers three years of experience collecting and analyzing financial data, as well as drafting detailed and complicated examination reports.
• Prefers knowledge of the business administration, policy & procedures, and operation practices of financial institutions.
• Prefers knowledge of State and Federal laws and regulations governing the financial industry and how they are applied.
• Prefers three years of experience working with technology used by financial institutions or financial government regulators.

Conditions of Employment

• Requires the ability to pass an agency conducted background check.
• Requires the possession of a valid, appropriate drivers license, and the ability to travel.
• STATEMENT OF ECONOMIC INTEREST: This position has been found to meet the requirements in section 4A-101 of the Illinois Governmental Ethics Act requiring the occupant/employee to file a Statement of Economic Interest. The Illinois Governmental Ethics Act (5 ILCS 420/4A et seq.) requires certain state officials and employees to file annual Statements of Economic Interest with the Office of the Secretary of State that will be made available for examination and copying by the public. All employees required to file a Statement of Economic Interest are also required to file the Supplemental Statement of Economic Interest with the Executive Ethics Commission. (See Executive Order 15-09) Fines and penalties apply to untimely filings.
• The conditions of employment listed here are incorporated and related to any of the job duties as listed in the job description.  

Agency Statement

IDFPR is a regulatory licensing and enforcement agency that protects the residents of Illinois, ensures the safety and soundness of financial institutions, ensures that competent professionals are licensed to provide services to the public, and enhances commerce in the state for the benefit of all its residents.