REGULATORY OFFICER 2, BANKING AND INSURANCE
Career Family: REGULATORY OFFICER
Regulatory Officer 2, Banking and Insurance sits in the competitive class of New Jersey's state civil service, so reaching it runs through testing and an eligible list instead of a straight hire.
The requirements come down to a doctoral degree and 1 year of relevant experience. Pay on the FY 2027 schedule runs $83,582 to $122,832.
How to apply
This title is filled by competitive examination.
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See where to apply for this title →Pay ladder: Regulatory Officer series
- Regulatory Officer 1 — $83,582 – $122,832
- Regulatory Officer 2 — $95,955 – $141,386
- Regulatory Officer 3 — $110,276 – $162,870
- Regulatory Officer 4 — $121,055 – $179,046
Its top salary lands around the 69th percentile of all NJ civil service titles that publish a range.
Rungs are ordered by FY 2027 pay. NJ level numbers are not always sequential, so ordering follows salary rather than the title number.
Official job specification
The text below is the official specification published by the New Jersey Civil Service Commission. The plain-language summary and analysis above are derived from it by NJ Civil Service Navigator. Source: the official specification page at NJ CSC.
Definition
Under direction of the Director of Regulatory Affairs or other supervisory officer in the Department of Banking and Insurance performs the more complex research on various banking, insurance and real estate programs relating to the New Jersey general public and banking, insurance and real estate industries; prepares the more complex reports, summaries, and recommendations on legal aspects of legislation or regulations affecting same; does other related duties as required.
Examples of work
- Analyzes and performs research into the promulgation of existing or potential legislation relating to department programs and banking, insurance and real estate matters. Researches federal and state governments in the areas of banking, insurance and real estate law pertaining to functions and procedures of projects. Performs extensive research into court decisions (US and State), court cases, and legal opinions which directly affect work of the department and its programs.
- Reviews department rules/regulations, ensures that the department is in compliance with the law, and prepares digests thereof.
- Researches and drafts proposed legislation required by the department and composes guidelines to effectively meet required statutory endeavors of the department.
- Prepares technical correspondence and testimony for department officials on various banking, insurance and real estate programs and problems of the department.
- Prepares and coordinates all enforcement documents/activities and maintains liaison with the Office of the Attorney General.
- Coordinates enforcement actions with other divisions of the department.
- May assist department's efforts to examine or inspect regulated entities.
- May assist department's efforts to process applications for regulated entity formation, chartering or licensing, amendments, termination and other department action or relief.
- Will be required to learn to utilize various types of electronic and/or manual recording and information systems used by the agency, office, or related units.
Education
Graduation from an accredited law school.
Experience
One (1) year of legal experience in the analysis of banking, insurance and/or real estate law which shall have included State and/or Local banking, insurance and real estate laws and regulations. Such experience may include but is not limited to the following: research associate, legal intern, law clerk, attorney in private practice, or government attorney.
License
Appointees will be required to possess a driver's license valid in New Jersey only if the operation of a vehicle, rather than employee mobility, is necessary to perform essential duties of the position.
Knowledge, skills and abilities
- Knowledge of banking, insurance and/or real estate law.
- Knowledge of research sources, techniques, and methods and their use in the presentation of factual data.
- Ability to organize and carry through research studies/projects concerned with legislative developments, and to submit reports suitable for use of the department's administrative staff.
- Ability to comprehend, analyze and interpret laws, regulations and procedures.
- Ability to locate and brief court decisions, precedents, opinions, legal citations, and other legal material.
- Ability to prepare drafts of proposed legislation, rules, regulations, and procedures with legislation.
- Ability to prepare materials for hearings, reviews, and executive determination.
- Ability to establish and maintain liaison with department officers, employees, representatives of state/local government units, and with the Office of the Attorney General.
- Ability to collect, tabulate, arrange, and interpret data to present information in an understandable manner.
- Ability to utilize various types of electronic and/or manual recording and information systems used by the agency, office, or related units.
- Ability to read, write, speak, understand, and communicate in English sufficiently to perform duties of this position. American Sign Language or Braille may also be considered as acceptable forms of communication.
- Persons with mental or physical disabilities are eligible as long As they can perform essential functions of the job with or without reasonable accommodation. If the accommodation cannot be made because it would cause the employer undue hardship, such persons may not be eligible.
Note
The examples of work for this title are for illustrative purposes only. A particular position using this title may not perform all duties listed in this job specification. Conversely, all duties performed on the job may not be listed.