Presently, the Department has no vacancies; however, below is a description of the various Financial Institutions Examiner positions within the Department.
Financial Institution Examiner Classifications
The Department is guided by administrative rules and departmental policies as they relate to hiring and probation, classifications, benefits, working hours, training, disciplinary actions, appeals, etc. All procedures affecting employees of the Department shall provide for fair treatment without regard to an individual's sex, race, age, color, religion, national origin, handicapped condition, political affiliation, or other non-merit factors.
Financial Institution Examiner positions are involved in the examination of banks, trust companies, credit unions, small loan and consumer finance companies, agricultural credit companies, or other financial institutions to determine their financial condition and compliance with the provisions of state and federal statutes and regulations. The various levels are distinguished by the degree of involvement in the examination process and/or the size and complexity of institutions examined and/or the supervisory responsibility which may be associated with a particular level.
Requires a bachelor's degree with a major in accounting, finance, economics, business administration or other related field. Coursework must have included Elements of Accounting I and II, and one additional accounting course from the following: Intermediate, Managerial, Cost, Income Tax or Auditing.
An Examiner I (grade 10) performs fundamental examination data gathering and verification procedures. Work may include all or a portion of numerous standard procedures to analyze and verify the accuracy of an institution's assets, liabilities, and related accounting and record keeping methods. Work includes appropriate recording and reporting of examination findings and the preparation of schedules and exhibits to be included in completed examination reports. Duties will be performed under the supervision of a more experienced examiner.
It is expected that an Examiner I will remain at this level for approximately 12-24 months before being promoted to Examiner II.
An Examiner II (grade 12) performs all aspects of an examination of a financial institution and may guide the work of one or more lower level examiners. Individuals may perform a portion of more complicated examination and work with or under the supervision of more experienced examiners. Duties will generally include a final complete analysis and report of areas examined. Analysis of an examination will include the financial soundness of an institution as well as the identification of violations of state and federal statutes and regulations.
It is expected that an Examiner II will remain at this level for approximately 36-48 months (including Examiner I level) before being promoted to Examiner III.
An Examiner III (grade 13) performs all aspects of an examination of a financial institution to include those of large and complex organization structure. Examinations will include evaluation of the management process as well as financial activity to determine financial condition and legal compliance. Examiners at this level will, in most cases, have supervisory responsibility over one or more lower level examiners. Individuals will analyze and make determinations regarding the data and procedures associated with the full examination of an entire institution even though information may have been gathered by subordinates. Accountability for actions will extend through the examination process and the activities of subordinate examiners.
It is expected that an Examiner III will remain at this level until there is an opening for a supervising Examiner position and the candidate has two years experience in related duties, at least one of which must have included supervisory and management duties.
A Supervising Examiner (grade 15) is assigned to a location (Bismarck, Fargo, Grand Forks or Minot). This individual is responsible for all assignments and direct supervision of personnel within a particular location, supervising examinations of institutions regulated, and assumes the responsibility for directing and reviewing the work of all examiners.
Bank Examiner Training
Primarily an examiner will obtain the majority of their skills through on-the-job training. Technical schools are utilized to enhance an examiner's training at approximately 6 month, 18 month, and 30 month intervals. After the initial technical schools, other schools pertaining to specific aspects of examination are utilized, depending on individual interest and expertise. All schools will range in length from one to three weeks and the location will depend on accommodations or the school selected. The Department also utilizes internal training sessions which relate to examination procedures, policies, personnel concerns, and topics which deal with current and/or changing technology.
Credit Union Examiner Training
The training for credit union examiners is mainly on-the-job training. The Department also utilizes the examiner schools sponsored by the National Credit Union Administration when available, the Commercial Lending School sponsored by the American Bankers Association, and other schools and seminars as deemed appropriate.