State of Louisiana
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COMPLIANCE EXAMINER 1, 2 or 3
at State of Louisiana
- Supplemental Information
This job posting will be used by Office of Financial Institutions to fill vacancies in Baton Rouge Main Office as well as district offices located in Baton Rouge, New Orleans, Lafayette, Alexandria, Shreveport, and Monroe.
No Civil Service test score is required in order to be considered for the vacancies.
Applicants qualifying based on college training or receipt of a baccalaureate degree will be required to submit an official college transcript to verify credentials claimed prior to appointment. Please make every effort to attach a copy of your transcript to your application. The transcripts can be added as an attachment to your online application or faxed to (225) 219-1041. If faxing your transcripts please indicate the Job Title and Job Number to which you are applying. The selected candidate will be required to submit original documentation upon hire.
As a part of a career progression group, vacancies may filled from this recruitment as a Compliance Examiner 1, 2, or 3 depending on the level of experience of the selected applicant. The maximum salary for the Compliance Examiner 3 is $81,682.00. Please refer to the "Job Specifications" tab located at the top of the LA Careers "Current Job Opportunities" pages of the Civil Service website for specific information on salary range, minimum qualifications and job concepts for each level.
All prospective employees are required to submit and pass a drug screening, provide a credit score with FICO score, and fingerprint criminal background check.
All prospective new hires will also be subject to employment eligibility verification via the federal government's E-verify system.
To apply for this vacancy, click on the "Apply" link above and complete an electronic application, which can be used for this vacancy as well as future job opportunities. Applicants are responsible for checking the status of their application to determine where they are in the recruitment process. Further status message information is located under the Information section of the Current Job Opportunities page.For further information about this posting, please contact:
Human Resources Specialist
A baccalaureate degree with twelve semester hours in accounting and an additional twelve semester hours in accounting, economics, finance, business law, insurance, statistics, financial analysis, or money and banking.
SUBSTITUTION FOR DEGREE ONLY:
Six years of full-time work experience in any field may be substituted for the required baccalaureate degree (not the 24 hours of specialized coursework).
Candidates without a baccalaureate degree may combine work experience and college credit to substitute for the baccalaureate degree (not the 24 hours of specialized coursework) as follows:
A maximum of 120 semester hours may be combined with experience to substitute for the baccalaureate degree.
30 to 59 semester hours credit will substitute for one year of experience towards the baccalaureate degree.
60 to 89 semester hours credit will substitute for two years of experience towards the baccalaureate degree.
90 to 119 semester hours credit will substitute for three years of experience towards the baccalaureate degree.
120 or more semester hours credit will substitute for four years of experience towards the baccalaureate degree.
College credit earned without obtaining a baccalaureate degree may be substituted for a maximum of four years full-time work experience towards the baccalaureate degree. Candidates with 120 or more semester hours of credit, but without a degree, must also have at least two years of full-time work experience to substitute for the baccalaureate degree.
SUBSTITUTION FOR THE TWENTY-FOUR HOURS OF SPECIALIZED COLLEGE COURSEWORK:
Professional level experience in regulatory examination with the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Bank (FRB), the Office of Comptroller of the Currency (OCC), the National Credit Union Administration (NCUA), or a state financial institutions regulatory agency responsible for the regulation of banks, thrifts, credit unions, or mortgage lenders will substitute for the twenty-four semester hours of specialized college coursework on the basis of six semester hours for one year of regulatory examination experience.
Any college hours or degree must be from a school accredited by one of the following regional accrediting bodies: the Middle States Commission on Higher Education; the New England Association of Schools and Colleges; the Higher Learning Commission; the Northwest Commission on Colleges and Universities; the Southern Association of Colleges and Schools; and the Western Association of Schools and Colleges.
- Job Concepts
Function of Work:
Examines the accounting systems and financial status of financial service providers or insurance companies to ensure financial solvency and fair consumer practices.
Level of Work:
Direct from a Compliance Examiner Assistant Manager, Compliance Examiner Manager, or other higher-level supervisor.
Location of Work:
Primarily used by the Department of Insurance and Office of Financial Insitutions (OFI).
Differs from Compliance Examiner 2 by the absence of responsibility for performing the full range of examination functions.
- Examples of Work
Conducts field examinations of financial service providers and insurance companies such as banks, residential mortgage lenders, pawnshops, credit unions, and HMOs to determine compliance with state and federal laws, policies, rules, and regulations.
Examines records of assets such as cash and accounts due from institutions, investments, loans, real estate, and equipment to verify accuracy and composition of data provided in financial statements.
Examines records of liabilities such as deposit accounts, savings accounts, certificates of deposit, taxes, debts, loans, other borrowed money, and accrued expenses; reviews records of stockholder's equity such as common stock, preferred stock, capital surplus, retained earnings, and subordinated debt to determine accuracy of and composition of data in financial statements.
Prepares reporting schedules on numerous detail tasks areas, including concentrations of assets in a particular area, rate sensitivity analysis, liquidity and funds management, and premises and equipment.
Attends meetings and conferences with top-level management of firms to obtain information, resolve discrepancies, and report findings.
On a rotating basis, will serve as an assistant-in-charge for examinations of lesser complexity.
Attends and successfully completes beginning Compliance examiner school.