Jobs2web

Financial Institutions Examiner Trainee

Jobs2web

full-time

Posted on:

Location Type: Office

Location: Springfield • Illinois • United States

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Salary

💰 $4,756 - $6,533 per month

Job Level

Entry Level

About the role

  • Under direct supervision, for a period of six to twelve months, travels to receive classroom and on-the-job training in performing on-site examinations of corporate fiduciaries for the purpose of determining their financial condition, safety and soundness, compliance with state and federal laws and regulations.
  • Evaluates the corporate fiduciaries management, operations, internal controls and auditing, earnings, compliance, and asset management.
  • Travels extensively to assigned facilities for examinations.
  • Assists higher level examiners and receives training in conducting or by observing all phases of the examination as assigned and completes exercises designed to increase the examiner’s knowledge.
  • Participates in seminars and classroom training to learn more about the industry, state and federal fiduciary laws, rules and regulations, examination methods and procedures, and corporate structures.
  • Assists higher level examiners in evaluating and determining a corporate fiduciary’s compliance with applicable state and federal laws and rules and regulations, and internal routines and controls using the uniform interagency trust rating system and the department procedures as guidelines.
  • Assists higher level examiners in communicating with and interviewing officers, directors and employees of corporate fiduciaries in a professional and tactful manner and assists in presenting examination findings.
  • Assists higher level examiners in gathering information and reviewing the accuracy of a corporate fiduciary’s consolidated report of condition, income and financial statements and the trial balance of fiduciary activities.
  • Verifies trust assets held by the corporate fiduciary or held by other custodians.
  • Performs other duties as required or assigned which are reasonably within the scope of the duties enumerated above.

Requirements

  • Requires possession of a bachelor's degree in accounting, finance, economics or banking; or a master’s degree in business administration.
  • Prefers at least three years of experience working in a bank or financial institution.
  • Prefers at least three years of experience working in information technology, computer science, or similar field.
  • Prefers at least 2 years’ experience working with technology used within financial institutions (Internal operations core network systems).
  • Prefers knowledge of state and/or federal laws, rules, and regulations governing the financial industry and how they are applied.
  • Prefers at least 3 years of experience collecting, analyzing, and reporting examination/audit information at multiple levels.
  • Prefers at least two years of auditing experience.
  • Prefers experience either as intermediary or liaison to 3rd party risk management auditing servicers.
Benefits
  • Health, Life, vision, and dental insurance
  • 12 weeks paid maternity/paternity leave
  • Pension Plan – Vesting at 10 years for Tier II
  • Full 20-year retirement awards free health insurance during retirement
  • Deferred compensation and other pre-tax benefits programs
  • Paid state holidays, 12-14 days annually
  • 3 paid Personal Business Days annually
  • 12 Paid Sick Days annually (Sick days carry over year to year)
  • 10-25 Days of Paid Vacation time annually (10 days in year one of employment)
  • Personal, sick, and vacation rates modified for 12 hour work schedules (as applicable)
  • Employee Assistance Program and/or mental health resources
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
auditingfinancial analysiscompliance evaluationinternal controlsasset managementdata analysisreportingexamination methodsfinancial statements reviewtrust asset verification
Soft Skills
communicationinterpersonal skillsprofessionalismtactfulnessteam collaborationanalytical thinkingproblem-solvingattention to detailorganizational skillstraining and mentoring