This recruitment is open to Alaska residents only.
The Department of Commerce, Community and Economic Development
Division of Banking and Securities
is recruiting for two Financial Examiner 1/2 Flex positions to join our team.
As a Financial Examiner 1 (FE 1), you will:- Learn examination concepts and skills through on-the-job training and formal classroom instruction offered by regulatory agencies/organizations
- Under direct supervision, assist in conducting examinations of various types of financial institutions including, but not limited to banks, trust companies, credit unions, mortgage companies, money transmitters and loan entities; periodically conduct investigations regarding alleged violations, respond to inquiries from the public;
- Provide educational outreach on a variety of financial topics to educate Alaskan consumers on financial literacy.
As a Financial Examiner 2 (FE 2), in addition to the responsibilities listed above, you will:
- Independently serve as an examiner-in-charge on less complex examinations and assist with complex examinations in a team environment;
- oversee an FE 1 during the examination process.
Our organization, mission and culture:
The Division of Banking and Securities' mission is to protect consumers of financial services and promote safe and sound financial systems. The Division’s most important functions are protecting consumers and ensuring that Alaska’s financial industry is safe and sound.
The benefits of joining our team:The Division has a professional and dedicated staff who work well independently, and as part of a team. The Division offers training opportunities to enhance knowledge of changing rules and regulations governing regulated entities.
This position may be eligible for telework.
The Division offers a comprehensive employee benefits package that includes health insurance, retirement, and paid holidays.
Where you will be working:
The Division has employees in Anchorage, Juneau, and Fairbanks.
This position conducts examinations at various locations with seasoned examiners, works on a team and has independent responsibilities. This position qualifies for a hybrid telework situation.
Travel is required and may occur within Alaska or in the lower 48 for training and examinations.
Competencies we are look seeking for the Financial Examiner 1:- Interpersonal Skills: Shows understanding, friendliness, courtesy, tact, empathy, concern, and politeness to others; develops and maintains effective relationships with others; may include effectively dealing with individuals who are difficult, hostile, or distressed; relates well to people from varied backgrounds and different situations; is sensitive to cultural diversity, race, gender, disabilities, and other individual differences.
- Writing: Recognizes or uses correct English grammar, punctuation, and spelling; communicates information (for example, facts, ideas, or messages) in a succinct and organized manner; produces written information, which may include technical material, that is appropriate for the intended audience.
- Reading: Understands and interprets written material, including technical material, rules, regulations, instructions, reports, charts, graphs, or tables; applies what is learned from written material to specific situations.
- Oral Communication: Expresses information (for example, ideas or facts) to individuals or groups effectively, taking into account the audience and nature of the information (for example, technical, sensitive, controversial); makes clear and convincing oral presentations; listens to others, attends to nonverbal cues, and responds appropriately.
- Adaptability: adjusts planned work by gathering relevant information and applying critical thinking to address multiple demands and competing priorities in a changing environment.
Competencies we are look seeking for the Financial Examiner 2:- All competencies of the Financial Examiner 1, and;
- Reasoning: Identifies rules, principles, or relationships that explain facts, data, or other information; analyzes information and makes correct inferences or draws accurate conclusions.
- Technical Competence: Uses knowledge that is acquired through formal training or extensive on- the-job experience to perform one's job; works with, understands, and evaluates technical information related to the job; advises others on technical issues.
- Self-Management: Sets well-defined and realistic personal goals; displays a high level of initiative, effort, and commitment towards completing assignments in a timely manner; works with minimal supervision; is motivated to achieve; demonstrates responsible behavior.
- Resilience: Deals effectively with pressure; remains optimistic and persistent, even under adversity. Recovers quickly from setbacks.
Minimum Qualifications for the Financial Examiner 1:
Any combination of education and/or experience that provides the applicant with competencies in
- Analytical Thinking/Problem Solving: uses a logical, systematic, sequential approach to address problems or opportunities or manage a situation by drawing on one’s knowledge and experience base and calling on other references and resources as necessary.
- Auditing: Knowledge of generally accepted auditing standards and procedures for conducting financial and compliance, economy and efficiency, and program audits
- Computer Skills: Uses computers, software applications, databases, and automated systems to accomplish work.
- Oral and Written Communication: Expresses information (for example, ideas or facts) to individuals or groups effectively, taking into account the audience and nature of the information (for example, technical, sensitive, controversial); makes clear and convincing oral and written presentations; listens to others, attends to nonverbal cues, and responds appropriately.
- Principles of Finance: Knowledge of the basic principles, practices, and methods of financial management to include requisitions, apportionments, allotments, investments, fiscal management, activity reporting, and fiscal year guidelines.
Equivalent to those typically gained by:
Any combination of preparatory post-secondary education and/or experience in conducting financial accounting; reviewing, investigating, and/or processing licensure applications; or reviewing financial statements and/or making safety and soundness determinations.
OR
Successful completion of securities examinations: Series 7, Series 63, or Series 65; Securities Industry Essentials Exam (SIE), or professional designation as a Certified Financial Planner, Chartered Financial Analyst, Chartered Investment Counselor, Certified Investment Analyst, Personal Financial Consultant, or holds or has held a license or registration as a Mortgage Loan Originator.
Special Note:“Competencies” means a combination of interrelated knowledge, skills, abilities, and behaviors that enable a person to act effectively in a job or situation.
“Typically gained by” means the prevalent, usual method of gaining the competencies expected for entry into the job.
“Training” and “education” in this guidance are synonyms for the process of acquiring knowledge and skills through instruction. It includes instruction through formal and informal methods (such as classroom, on-line, self-study, and on-the-job), from accredited and unaccredited sources, and long-duration (such as a post-secondary degree) and short-duration (such as a seminar) programs. g safety and soundness determinations will substitute for the required degree.
Minimum Qualifications for the Financial Examiner 2:Any combination of education and/or experience that provides the applicant with competencies in
- Analytical Thinking/Problem Solving: Uses a logical, systematic, sequential approach to address problems or opportunities or manage a situation by drawing on one’s knowledge and experience base and calling on other references and resources as necessary.
- Financial Examination: Knowledge of the laws, regulations, principles, and practices that govern financial institutions (depository and non-depository) handling financial services transactions; analyzes financial statements, lending or loan portfolios, client/customer files, investment portfolios, and/or management policies and operations; examine for safety and soundness, and/or compliance; identifies any discrepancies and determines necessary corrective actions.
- Oral and Written Communication: Expresses information (for example, ideas or facts) to individuals or groups effectively, taking into account the audience and nature of the information (for example, technical, sensitive, controversial); makes clear and convincing oral and written presentations; listens to others, attends to nonverbal cues, and responds appropriately.
- Principles of Finance: Knowledge of the basic principles, practices, and methods of financial management to include requisitions, apportionments, allotments, investments, fiscal management, activity reporting, and fiscal year guidelines.
- Technical Competence: Uses knowledge that is acquired through formal training or extensive on-the-job experience to perform one's job; works with, understands, and evaluates technical information related to the job; advises others on technical issues.
Equivalent to those typically gained by:
Any combination of preparatory post-secondary education and/or progressively responsible experience in reviewing licensure, conducting examinations, enforcements, and/or investigations or conducting other programmatic activities for securities, depository institutions, and/or non-depository financial services entities.
OR
Professional designation as a Certified Financial Planner, Chartered Financial Analyst, Chartered Investment Counselor, Certified Investment Analyst, Personal Financial Consultant, or holds or has held a license or registration as a Mortgage Loan Originator.
Special Note:“Competencies” means a combination of interrelated knowledge, skills, abilities, and behaviors that enable a person to act effectively in a job or situation.
“Typically gained by” means the prevalent, usual method of gaining the competencies expected for entry into the job.
“Training” and “education” in this guidance are synonyms for the process of acquiring knowledge and skills through instruction. It includes instruction through formal and informal methods (such as classroom, on-line, self-study, and on-the-job), from accredited and unaccredited sources, and long-duration (such as a post-secondary degree) and short-duration (such as a seminar) programs.
“Progressively responsible” means indicating growth and/or advancement in complexity, difficulty, or level of responsibility.
A cover letter is required for this position:
Please attach a separate, professional cover letter to your application, bullet pointing your knowledge, skills, and abilities, before submitting your application online or, if unable to attach it to your application, email it to the contact number provided in the job posting.
Your cover letter should:
Briefly describe how you meet the minimum qualifications, knowledge, skills, and abilities for the position.
Give specific and appropriate examples of your experience or education as it relates to the competencies listed above; and
Use business language in a professional format, including spelling, grammar, punctuation, and syntax. Be professionally written and include a detailed description of your experience or education as it relates to each of the knowledge, skills and abilities categories, including appropriate examples if applicable;
Your cover letter will be used to help determine which applicants will advance to the interview phase of the recruitment and selection process. If you do not attach a separate, professional cover letter, you will not move on to the interview phase.
Documents to be Attached to the Application:- A professional cover letter, completed per the instructions above;
- Post-secondary transcripts, if using to meet the minimum qualifications;
- Copies of your most recent three (3) evaluations (or you can bring to the interview, if selected); and
- Three (3) professional references who have had supervisory responsibility over you along with their daytime contact phone numbers (or you can bring to the interview, if selected).
Flexibly Staffed:
This position is flexibly staffed. The level of the job offer will be based on the selected candidate’s credibly possessed and proven competencies. If hired at the lower level, you will be promoted to the higher level after successfully completing the training plan and demonstrating competency in the work.
Education:If post-secondary education is required to meet the minimum qualifications, you must fill in the Education section of the application. If you have not obtained a degree, please indicate the number of units completed. Copies of transcripts are required to verify educational credentials if used to meet the minimum qualifications for a position. Transcripts must be attached at the time the application is submitted.
Work Experience:If using work experience in order to meet the minimum qualifications of the position and it is not already documented in your application, also provide the employer name, your job title, dates of employment, and whether full-or part-time. Applications will be reviewed to determine if the responses are supported and minimum qualifications are clearly met. If they are not, the applicant may not advance to the interview and selection phase of the recruitment.
Multiple Vacancies:This recruitment may be used for more than one (1) vacancy. The applicant pool acquired during this recruitment may be used for future vacancies for up to ninety (90) days after this recruitment closes. Interested applicants are encouraged to apply to each recruitment notice to ensure consideration for all vacancies.
EEO Statement:The State of Alaska complies with Title I of the Americans with Disabilities Act (ADA). Individuals with disabilities, who require accommodation, auxiliary aides or services, or alternative communication formats, please call 1-800-587-0430 or (907) 465-4095 in Juneau or TTY: Alaska Relay 711 or 1-800-770-8973 or correspond with the Division of Personnel & Labor Relations at: P.O. Box 110201, Juneau, AK 99811-0201. The State of Alaska is an equal opportunity employer.