COMPLIANCE EXAMINER 1

AS614 $40,144 - $78,790
Creation Date: 03/03/2003
Change Date: 04/22/2025

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:
Entry

SUPERVISION RECEIVED:
Direct from a Compliance Examiner Assistant Manager, Compliance Examiner Manager, or other higher-level supervisor.

SUPERVISION EXERCISED:
None.

JOB DISTINCTIONS:
Differs from Compliance Examiner 2 by the absence of responsibility for performing the full range of examination functions.

CORE COMPETENCIES:
CORE COMPETENCIES HAVE NOT BEEN IDENTIFIED BY STATE CIVIL SERVICE FOR THIS JOB TITLE. MORE INFORMATION ON THE SCS COMPETENCY MODEL CAN BE FOUND HERE.

EXAMPLES OF WORK:
EXAMPLES BELOW ARE A BRIEF SAMPLE OF COMMON DUTIES ASSOCIATED WITH THIS JOB TITLE. NOT ALL POSSIBLE TASKS ARE INCLUDED.

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.

QUALIFICATION REQUIREMENTS:
MINIMUM QUALIFICATIONS
Three years of experience in accounting, auditing, banking, compliance management, financial operations, or insurance; OR

Six years of full-time experience in any field plus nine semester hours in accounting and an additional fifteen semester hours in accounting, economics, finance, business law, insurance, statistics, financial analysis, or money and banking; OR

A bachelor's degree with nine semester hours in accounting and an additional fifteen semester hours in accounting, economics, finance, business law, insurance, statistics, financial analysis, or money and banking; OR

A bachelor's degree in accounting, auditing, finance, business administration, management, economics, or statistics; OR

An advanced degree in accounting, auditing, finance, business or public administration, management, economics, quantitative methods, or statistics; OR

A Certified Public Accountant (CPA) license, Certified Financial Examiner (CFE), Certified Fraud Examiner (CFE), or Certified Internal Auditor (CIA) designation.

EXPERIENCE SUBSTITUTION:
Every 30 semester hours earned from an accredited college or university will be credited as one year of experience towards the six years of full-time work experience in any field. The maximum substitution allowed is 120 semester hours which substitutes for a maximum of four years of experience in any field.