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Bank Examiner V
The Bank Examiner V is responsible for evaluating the financial health, compliance, and operational soundness of banks and other financial institutions chartered within Arkansas. This role involves conducting audits, analyzing financial statements, and ensuring adherence to pre-determined federal and state banking regulations. The Bank Examiner V plays a critical role in maintaining the stability of the financial system by identifying risks, recommending corrective actions, and safeguarding consumer interests.
Class Code:
FBF07P
Job Grade:
SPC05
Special Job Requirements:
Typical Functions:
Conduct on-site and off-site examinations of financial institutions to assess their financial condition, risk management practices, and compliance with applicable laws and regulations. Analyze financial statements, loan portfolios, and operational processes to identify potential risks or irregularities. Evaluate the adequacy of internal controls and governance structures within financial institutions. Prepare detailed examination reports, summarizing findings and providing recommendations for corrective actions. Collaborate with bank managerial personnel to address identified issues and ensure compliance with regulatory requirements. Monitor industry trends and emerging risks to provide proactive oversight and guidance. Participate in training programs to stay updated on regulatory changes and best practices in bank supervision.
Knowledge, Abilities, and Skills:
Strong analytical and problem-solving skills. Knowledge of banking laws, regulations, and financial principles. Excellent communication and interpersonal skills for interacting with bank managerial personnel and regulatory personnel. Ability to work in a team environment. Ability to travel routinely for on-site examinations and training.
Minimum Qualifications:
A bachelor’s degree in accounting, finance, business administration, economics, or a related field, or a specialized bachelor’s degree related to the specialty bank examination fields of Information Systems and/or Trust. Coursework should include at least 24 semester hours in business-related subjects such as accounting, finance, marketing, economics, mathematics, or statistics, with a preferred qualification that at least 6 semester hours are in accounting. Minimum of 7 years of experience in accounting, auditing, or financial analysis, such as reviewing loan applications or analyzing financial data. Specialized experience, such as examining or auditing financial institutions. A Certified Public Accountant (CPA) certification or equivalent may substitute for some experience requirements. Satisfaction of the minimum qualifications, including years of experience and service, does not entitle employees to automatic progression within the job series. Promotion to the next classification level is at the discretion of the department and the Office of Personnel Management, taking into consideration the employee’s demonstrated skills, competencies, performance, workload responsibilities, and organizational needs.
Required Certificates:
OTHER JOB RELATED EDUCATION AND/OR EXPERIENCE MAY BE SUBSTITUTED FOR ALL OR PART OF THESE BASIC REQUIREMENTS, EXCEPT FOR CERTIFICATION OR LICENSURE REQUIREMENTS, UPON APPROVAL OF THE QUALIFICATIONS REVIEW COMMITTEE. N/A
Exempt:
E