Bank Examiner 1

Job Description

Bank Examiner 1 | Department of Financial Institutions

The Tone:
This is a full-time, entry-level professional role at the Department of Financial Institutions, located in Jackson, TN. The Department is responsible for overseeing state-chartered banks, ensuring their financial stability and compliance. This role serves as a crucial training position where you will learn to analyze financial operations and regulatory adherence. Upon successful completion of a two-year training period, this position is designed to advance to a Bank Examiner 2.

The TL;DR
• Role: Full Time
• Type: Full-Time
• Location: Jackson, TN
• Pay: $50004 yearly
• Team: Part of the Bank Examination West Division team
• Mission: Learn to conduct professional bank examination work, ensuring the financial stability and regulatory compliance of state-chartered banks in Tennessee.
• Tech Stack: Laptop Computer, Basic Office Equipment, Financial Calculator, Microsoft Office Suite, Motor Vehicle

What You’ll Actually Do
• Analyze Data: Learn to analyze and interpret financial data, including earnings, capital, liquidity, investments, interest rate risk, and internal controls, to determine an institution’s financial stability.
• Ensure Compliance: Learn to verify financial institutions meet all state and federal regulatory guidelines by reviewing their policies, procedures, practices, processes, and financial records.
• Communicate Information: Engage with team members, supervisors, other Department personnel, and financial institution management to obtain information, discuss tasks, and deliver examination findings.
• Prepare Documentation: Learn to write comments, analyses, and supporting documentation for examination reports, scope memoranda, and work papers to substantiate findings, conclusions, and ratings.
• Actively Train: Participate in on-the-job training and required schools, including completing any necessary pre-course work, to develop core examination skills.

The Must-Haves
• Background: A Bachelor’s degree from an accredited college or university with a major in Finance, Accounting, Economics, Business Administration, or another related business degree, including a minimum of nine (9) semester hours of accounting and/or finance.
• Experience: Entry-level professional role. Up to four years of professional bank examination work may substitute year-for-year for the required education, including the accounting coursework.
• Skills: Financial Accounting, Economic Principles, Statistical Data Analysis, Technical Writing, Problem Solving.
• Bonus: A valid Motor Vehicle Operators License is required, and candidates must meet the State of Tennessee’s driver standards, including no record of DUI, reckless driving, or license suspension for moving violations in the past five years.