FINANCIAL INSTITUTIONS EXAMINER TRAINEE - Upward Mobility Program

Position Overview

Under direct supervision, for a period of six to twelve months, receives on the job and classroom training and completes assignments to acquire knowledge and skills in performing bank, corporate fiduciary and information systems/technology examinations assigned to the Banks, Trust Companies and Savings Institutions Section in the Division of Banking. Works under the direction of an examiner-in-charge to assist in conducting selected, less complex portions of examinations.  Travels extensively to assigned facilities for examinations. 

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, travels and receives training in gathering information to analyze the operating procedures and the information systems/technology to determine the degree of risk to the bank, the adequacy and extent of compliance with policies, procedures, and internal controls, the extent of adherence to safe and sound practices, and the extent of compliance with state and federal laws, rules and regulations.
• Assists higher level examiners, travels and receives training in gathering information to analyze and evaluate assets, liabilities, capital accounts, and securities of banks and corporate fiduciaries to determine the adequacy and the extent of compliance with bank policies, procedures, and internal controls, and the extent of compliance with state and federal laws, rules and regulations.
• Assists higher level examiners and receives training in gathering information to analyze and evaluate the earnings position of banks and corporate fiduciaries.  To facilitate the amassing of skills, recommends a rating and completes narrative comments for inclusion in the report of examination; submits to superior for review/input and subsequent inclusion.
• Assists higher level examiners and receives training in gathering information to analyze and evaluate the bank and corporate fiduciary stock records to determine the adequacy and extent of compliance with policies, procedures, internal controls and the extent of compliance with state and federal laws, rules and regulations.  Verifies the type and amount of insurance coverage of the licensed institution and completes examination report pages and supporting work papers.
• Assists higher level examiners and receives training in gathering information to analyze and evaluate the quarterly consolidated reports of condition and income to determine if they were completed in accordance with the applicable instructions.
• Participates in seminars and classroom training to learn more about the industry and various state and federal laws, rules and regulations.
• 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 one year of Bank Examination Experience with Federal or State Agency.
• Prefers at least three years of bank operations, accounting and reporting experience.
• Prefers at least two years of auditing experience.
• Prefers knowledge of state and/or federal laws, rules and regulations governing the financial industry and how they are applied.
• Prefers at least three years of experience collecting, analyzing, and reporting examination/audit information at multiple levels.

Conditions of Employment

• Requires the ability to pass an agency conducted background check.
• Requires ability to travel frequently and extensively, both in and out-of-state.
• Requires a valid appropriate driver’s license and access to a vehicle for travel.

• Certain provisions of the revolving door restrictions contained in 5 ILCS 430/5-45 apply to this position. As a result, the employee should be aware that if offered non-State employment during state employment or within one year immediately after ending State employment, the employee shall, prior to accepting any such non-State employment offer, notify the Office of the Executive Inspector General for the Agencies of the Illinois Governor (OEIG) or may be subject to a fine.

• 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.