Financial Enterprises Examiner - Journey

The Department of Insurance and Financial Institutions supports an innovative and flexible workplace by offering work from home as an alternative work schedule arrangement whereby an employee is approved to work at home for part of that employee’s regular workweek. Most DIFI employees do not have an assigned physical workspace or work location and will work from home a majority of the time and only come into the office as needed.

The Financial Enterprises Examiner will be responsible for performing professional work of unusual difficulty in the examination and analysis of the conditions and overall operations of financial enterprises including conditions of credit, financial statements, internal controls, general operations and methods and trust operations.

Applies and interprets state and federal laws, rules and regulations; establishes priorities and scope of examination and analysis; writes a final report of examination; conducts exit reviews with management and directors; calculates institution's overall rating; develops cases involving violations of laws by licensees, and testifies as the expert witness at administrative hearings.

• Examining complex records, accounts, and portfolios of securities of licensees; Verifying that proper and lawful procedures are being followed, that securities are appropriate for licensee being examined, and that abusive practices are not taking place

• Reviewing financial documents and other data used by licensee and verifying that financial accounting controls and figures are in compliance with state and federal laws. May assist Supervisor examiner with directing, instructing, and training subordinate examiners in carrying out a variety of tasks and reviewing their work products

• Writing detailed reports based on an examination, analysis, and evaluation of data pertaining to specific licensees in accordance with established policies and procedures. Conducting exit reviews to discuss the results of the examinations. Conducting field investigations relating to reported violations or irregularities in business or practice; interviewing complainants and others, examining evidence, recommending actions, and writing detailed investigative reports

• Examining department files and other data prior to examination of business records to determine the scope of examination needed

• Analyzing financial statements of licensees in order to make determinations on compliance with state laws and regulations

Knowledge:

• Generally Accepted Accounting Principles and examination procedures

• Software platforms relevant to financial services business operations

• Familiarity with cybersecurity concepts and best practices

• Policies and procedures established for the work units

• Investigative techniques and reporting procedures

Skills:

• Applying federal and state laws, rules and regulations as they pertain to licensee’s operations and activities

• Using investigative methods and techniques and maintaining chain of evidence

• Researching, analyzing and interpreting complex financial data

• Applying examining and accounting methods and techniques

• Interpreting complex laws, rules and regulations

• Oral and written communications

• Work management and leadership

• Mathematical calculations

• Interpersonal relationships

Abilities:

• Excellent oral and written communication skills to provide conclusions and work products to other examiners and financial licensee managers

• Interpersonal skills to work well in a team environment and to interact with staff and management at various financial institutions

• Be able to travel with overnight stays away from home base. Typical out of town travel can be up to 1/3 of the time

• Knowledge of state and federal laws pertaining to Financial Services including interest in digital assets

• Past experience and training in examination or investigative work related to Financial Enterprises

• Knowledge of BSA (Bank Secrecy Act) and/or Money Transmitter industry

• Employees who drive on state business are subject to driver’s license record checks, must maintain acceptable driving records and must complete any required driver training (see Arizona Administrative Code R2-10-207.12.)

• Requires possession of and ability to retain a current, valid state-issued driver’s license appropriate to the assignment

• Employment contingent on the selected applicant passing a background investigation and Fingerprint Clearance Card

If this position requires driving or the use of a vehicle as an essential function of the job to conduct State business, then the following requirements apply: Driver’s License Requirements.

The State of Arizona offers a comprehensive benefits package to include:

• Optional employee benefits include short-term disability insurance, deferred compensation plans, and supplemental life insurance

• Life insurance and long-term disability insurance

• Vacation plus 10 paid holidays per year

• Health and dental insurance

• Retirement plan

• Sick leave

Learn more about the Paid Parental Leave program here. For a complete list of benefits provided by The State of Arizona, please visit our benefits page

• Positions in this classification participate in the Arizona State Retirement System (ASRS)

• Please note that enrollment eligibility will become effective after 27 weeks of employment

• If you have any questions please feel free to contact Shawn McConnell at shawn.mcconnell@azdoa.gov