BANK EXAMINER I

Position Overview

Section content, to edit press enter. Under direct supervision, receives training and works under an examiner-in-charge to assist in conducting selected, less complex portions of evaluations assigned to the Banks, Trusts Companies and Savings Institutions Section in the Division of Banking. In conjunction with higher-level examiners, travels to perform Community Reinvestment Act ("CRA") performance evaluations. Gathers information, conducts analysis, assesses compliance with laws and regulations, and evaluates consumer compliance and CRA practices. Assesses and monitors compliance issues within institutions that must comply with Fair Lending laws. Completes the CRA performance evaluation and supporting work papers.
Under direct supervision, receives training and works under an examiner-in-charge to assist in conducting selected, less complex portions of evaluations assigned to the Banks, Trusts Companies and Savings Institutions Section in the Division of Banking. In conjunction with higher-level examiners, travels to perform Community Reinvestment Act ("CRA") performance evaluations. Gathers information, conducts analysis, assesses compliance with laws and regulations, and evaluates consumer compliance and CRA practices. Assesses and monitors compliance issues within institutions that must comply with Fair Lending laws.
Completes the CRA performance evaluation and supporting work papers.
 

Essential Functions

In conjunction with higher-level examiners, travels to perform Community Reinvestment Act ("CRA") performance evaluations of state-chartered banks, data processing centers and/or service providers assigned to the Banks, Trust Companies, and Savings Institutions Section in the Division of Banking. 
•    Is assigned less complex portions of the examination process to complete for review and inclusion in the final CRA performance evaluations.
•    Attends and successfully completes classroom and on-the-job training as required to gain knowledge and skill in the bank, the CRA performance evaluation process and state and federal laws and regulations. Gathers information, conducts analysis, assesses compliance with laws and regulations, and evaluates consumer compliance and CRA practices.
•    Assesses compliance with all applicable laws and regulations. 
•    Assesses consumer compliance risk management program, compliance with applicable consumer protection laws and regulations, and performance under the CRA. 
•    Examines relevant demographic, economic, and loan data (including aggregate lending trends) to the extent available. 
•    Assesses which CRA examination procedures will be used based on the institution's asset size.
•    Assesses the loan categories that will be included in the Lending Test. 
•    Assesses and monitors compliance issues within institutions that must comply with Fair Lending laws, including assessing risk, developing supervisory strategies, determining the scope of supervisory activities, and developing responses to address risks.
•    Assesses the capability of management, the effectiveness of board supervision, the soundness of adopted policies and procedures and the effect of CRA activities on the overall soundness of an institution. 
•    Evaluates the institution's performance relative to fair lending policies and practices. Completes the CRA performance evaluation and supporting work papers, verifies arithmetic calculations, communicates findings and recommendations, and submits to superior for review, input and inclusion in completed evaluations. 
•    Attends meetings with licensed institution's management and the board of directors to discuss or explain performance evaluation findings relative to the previously mentioned duties. 
•    Performs other duties as required or assigned which are reasonably within the scope of the duties enumerated above. 

Minimum Qualifications

1. Requires knowledge, skill, and mental development equivalent to completion of four years of college with courses in accounting, corporate finance, banking and monetary theory.

2. Requires successful completion of the Financial Institutions Examiner Trainee program.
 

Preferred Qualifications

1.    Prefers successful completion of the FDIC Community Reinvestment Act School.
2.    Prefers at least four years of experience working in a bank or financial institution.
3.    Prefers at least three years of auditing experience.
4.    Prefers at least four years of experience working in a professional office environment.
 

Conditions of Employment

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

Agency Statement

Section content, to edit press enter. 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.
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.