REGULATORY OFFICER 1, BANKING AND INSURANCE
Career Family: REGULATORY OFFICER
Regulatory Officer 1, Banking and Insurance is a competitive state title, the kind you test for: the exam result, not a hiring manager's pick, decides where you land in line.
It expects a doctoral degree and 1 year of relevant experience. Pay on the FY 2027 schedule runs $105,267 to $155,359, and state payroll currently lists 2 people in the title, most of them at Banking and Insurance.
How to apply
This title is filled by competitive examination.
See every real route in, and where to apply. One agency employs it. We don't track live vacancies.
See where to apply for this title →Who employs this title
Regulatory Officer 1, Banking and Insurance appears on the State payroll at one department, Department of Banking & Insurance.
State departments
| Employer | Employees |
|---|---|
| Department of Banking & Insurance | 2 |
State payroll and independent authority payroll are separate systems and are never merged. See data sources.
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 91st 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.
Who employs this title
State payroll records show 2 people working under this title. The median actual salary is $150,105. The agencies employing the most are:
- Banking and Insurance (2)
Counts from NJ YourMoney agency payroll. See statewide workforce analytics.
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 official in the Department of Banking and Insurance, develops and supervises the implementation of rules, regulations, enforcement activities, and banking, insurance and real estate programs mandated to the department by the Legislature; does other related duties as required.
Examples of work
- Develops, coordinates, and revises rules, regulations, orders, bulletins and advisory opinions that may be required to implement the statutory authority, powers, and duties to effectively regulate department programs and enforcement activities.
- Organizes assigned technical/supervisory work, analyzes related data, research programs, and problems, and develops effective work programs/procedures for the research unit.
- Coordinates conferences involving research projects and private industrial, municipal, and other government inputs as they relate to department statutory provisions.
- May assist the Attorney General's Office on matters submitted to the Division of Law.
- Supervises work operations and/or functional programs and has responsibility for employee evaluations and for effectively recommending the hiring, firing, promoting, demoting, and/or disciplining of employees.
- Interacts with the Attorney General's Office on matters pertaining to the legal representation of the department.
- Takes the lead and supervises the preparation of documents dealing with department enforcement programs.
- Supervises the drafting of legislation required by the department to meet required statutory endeavors.
- Plans and supervises analysis of enforcement programs and coordinates intradepartment enforcement operations.
- 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.
- Coordinates the department's legislation efforts in regard to introduction of legislative bills and assists in preparation of desired amendments through legislation.
- Supervises the efforts required for passage of such legislation.
- 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
Two (2) years of legal experience in the analysis of banking, insurance and/or real estate law which shall have included experience with state and/or local insurance 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. One (1) year of the above experience must have involved work with banking or real estate regulations, or insurance plans, laws, and/or regulations in a government agency.
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 research techniques/methods and their effective utilization and research.
- Knowledge of legal problems and programs relating to the regulation of banking, insurance or real estate activities.
- Knowledge of administrative hearing practices/procedures.
- Ability to read and understand State law/rules/regulations/ policies affecting department programs and activities after a period of training.
- Ability to analyze law enforcement problems and develop methods/procedures required to ensure compliance with the law.
- 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.