MANAGING EXAMINER

Definition

Under direction of a Chief Examiner or other supervisor, Department of Banking, has charge of teams of Financial Examiners engaged in the supervision, regulation, and/or examination of financial institutions and various other organizations and persons chartered or licensed by the Department; does related work as required.

Examples of work

• Develops, executes, and evaluates work plans, procedures, programs, and schedules.
• Conducts personal conferences with, prepares extensive correspondence to, and answers inquiries from federal and state agencies, or other organizations, persons or their attorneys who operate under the jurisdiction of the Department.
• Assists in the preparation of detailed memoranda and reports containing specific findings, conclusions and recommendations on applications for a charter or license to be utilized in rendering formal or informal decisions on such applications.
• Finalizes arrangements and provides necessary approvals for the conduct of concurrent examinations of institutions with federal authorities; directs the temporary possession of the securities and other assets of the institution together with financial books, records, and other data.
• Assigns examiners and other professional staff to specific work groups and projects and provides technical assistance as required.
• Assists in the formulation of recommendations pertaining to the development and promulgation of policies and procedures for the supervision of financial institutions.
• May act as a witness in cases involving prosecutions for civil or criminal violations of the law.
• Participates in the preparation of cases for administrative and judicial reviews and hearings; may present evidence at such hearings.
• Supervises the performance of field surveys on certain applications for charter or license to engage in business in New Jersey, including check cashers, check sellers, credit unions, pawnbrokers and small loan licensees.
• Compiles detailed information for the Department annual report and, when required, prepares special or confidential reports containing findings, conclusions, and recommendations.
• Supervises the assessment and collection of fines.
• Receives, investigates, and recommends adjustment of complaints to the Chief Examiner.
• Examines data processing capabilities for access and control features and reviews printouts and reports to determine the validity and integrity of institution files.
• Reviews, checks, analyzes, and modifies reports of examinations conducted by groups of financial examiners.
• Supervises followup activities and the implementation of recommendations.
• In response to unusual conditions reported by the field staff, may confer with the officers and directors of the institution, organization, or person concerned and to clarify concerns and advise on remedial actions.
• Manages the 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.
• Will be required to learn to utilize various types of electronic and/or manual recording and computerized information systems used by the agency, office, or related units.

Education

Graduation from an accredited college or university with a Bachelor's degree in Business Administration, Finance, Economics, or Accounting including or supplemented by nine (9) semester hour credits in accounting.

Experience

Five (5) years of experience as a regulator examining or auditing regulated financial institutions or, accounting or auditing experience in a regulated financial institution including, but not limited to, a bank, savings and loan association, and/or credit unions, two (2) years of which shall have been in a supervisory capacity.

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 the essential duties of the position.

Knowledge, skills and abilities

• Knowledge of the federal laws, rules, and regulations relating to the operation of institutions under the supervision of the Department.
• Knowledge of the state laws, rules, and regulations relating to the operation of institutions under the supervision of the Department after a period of training.
• Knowledge of data processing theory and operations as applied to records of financial institutions.
• Knowledge of methods and procedures used to verify and reconcile EDP reports of financial and other reports.
• Knowledge of current accounting and auditing principles and methods.
• Knowledge of the methods used to examine financial records for
• Knowledge of the techniques used to develop the procedures, standards, and routines for the examination of banks, and other financial institutions.
• Knowledge of the methods and procedures used in planning and conducting surveys for charters or licenses.
• Knowledge of data processing principles, systems, and controls.
• Knowledge of supervisory principles and techniques.
• Knowledge of the types of financial records and operations of organizations under the supervision of the Department of Banking.
• Ability to interpret various output media.
• Ability to assign and instruct examiners, investigators, and other personnel, and supervise the performance of their work.
• Ability to appraise the significance of facts disclosed through applications, reports of examination, and/or the results of investigations conducted by the Department of Banking and prepare detailed reports thereon containing findings, conclusions, and recommendations.
• Ability to supervise the establishment and maintenance of essential records and files.
• Ability to read, interpret, and apply the provisions of the laws, rules, and regulations pertaining to regulated financial institutions under the supervision of the Department and apply them to specific cases.
• Ability to verify financial entries in books of account.
• Ability to utilize accepted accounting and statistical principles.
• Ability to interpret and apply the legal and financial requirements for licensure.
• Ability to act as a witness at judicial or administrative hearings.
• Ability to learn 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, or communicate in English sufficiently to perform the 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

Possession of a valid certificate as Certified Public Accountant issued by the New Jersey State Board of Accountancy may be substituted for the above education.

Applicants who have successfully completed the required twenty-four (24) semester hour credits specified above may substitute experience as indicated above on a year-for-year basis for the remaining education.