Job Posting: Regulatory Examiner

Department of Financial Protection and Innovation

JC-220790
-
Regulatory Examiner
FINANCIAL INSTITUTIONS EXAMINER

$4,008.00 - $7,808.00 per Month

Final Filing Date: 11/2/2020

Job Description and Duties

Effective July 1, 2020, in response to the economic crisis caused by the COVID-19 pandemic, the Department of Human Resources implemented the Personal Leave Program 2020 (PLP 2020). State employees are subject to a 9.23% salary reduction in exchange for 16 hours per month of PLP 2020 leave credits. The salary information listed under “Position Details” does not reflect the reduction in pay.

The Department of Financial Protection and Innovation is recruiting for one permanent, full-time Financial Institutions Examiner position in the Division of Corporations' Financial Services' Office, Excrow Regulatory Unit. Position to be located in the downtown Los Angeles office. This recruitment may be used to fill subsequent vacancies of these positions within the next 180 days.

Under the general direction of Corporation Examiner IV (Supervisor), the FIE plans, coordinates, and assists in the development and maintenance of the examination programs under the Escrow Law (Esc). The position requires extensive travel within California to perform examinations.

Independently plans, organizes, and conducts regulatory examinations on companies licensed by the Department, including those that have significant regulatory concerns. Is able to follow the Department’s Audit Program and apply Accounting Principles and Auditing Standards and develop additional audit procedures when needed. Obtains records and performs analysis of financial information and financial statements to determine compliance with appropriate laws. Conducts interviews with licensee’s management and collects and examines data to determine compliance with the regulations, rules and laws administered by the Department. Works with the licensee to resolve deficiencies, investigates consumer complaints and compliance issues. Testifies in administrative hearings regarding violations identified during examinations.

Functions as an Examiner-in-charge over a group of examiners conducting examinations of larger licensees or for more complex examinations. Provides training and assigns work to new and less experienced examiners. Reviews reports and work-papers prepared by less experienced examiners. Coordinates project schedules.

Prepares examination reports documenting the examination findings and supports the basis for audit conclusions. Makes recommendations and makes written and oral presentations to management during and at the conclusion of the examination. Discusses deficiencies, recommends corrective action and suggests improvements to internal controls or operations with management of licensee and prepares the Regulatory Examination Report provided to the licensee. Performs conservatorship duties when needed.

You will find additional information about the job in the Duty Statement.

Working Conditions

The Los Angeles office is located in the heart of the downtown financial district within walking distance to restaurants, transit, multiple parking options. 

Minimum Requirements

You will find the Minimum Requirements in the Class Specification.

Additional Documents

Position Details

Job Code #:
JC-220790
Position #(s):
410-322-4101-025
Working Title:
Regulatory Examiner
Classification:
FINANCIAL INSTITUTIONS EXAMINER
$4,008.00 - $5,333.00 A
CalHR has authorized the DFPI to pay candidates hired in at the Financial Institutions Examiner level (Range A) a hire above minimum (H.A.M.) rate of $4930.00.

$5,173.00 - $6,479.00 B
CalHR has authorized the DFPI to pay candidates hired in at the Financial Institutions Examiner level (Range A) a hire above minimum (H.A.M.) rate of $4930.00.

$6,237.00 - $7,808.00 C
CalHR has authorized the DFPI to pay candidates hired in at the Financial Institutions Examiner level (Range A) a hire above minimum (H.A.M.) rate of $4930.00.

# of Positions:
1
Work Location:
Los Angeles County
Job Type:
Permanent, Full Time
Work Shift:
8:00 a.m. - 5:00 p.m.
Work Week:
Monday - Friday

Department Information

The Department of Financial Protection and Innovation (DFPI) (formerly Department of Business Oversight) protects consumers and oversees financial service providers and products. The DFPI supervises the operations of state-licensed financial institutions, including banks, credit unions and money transmitters. Additionally, the DFPI licenses and regulates a variety of financial service providers, including securities brokers and dealers, investment advisers, payday lenders and other consumer finance lenders. The DFPI offers benefit packages, competitive salary, a robust training program and opportunities for advancement.  
Department Website: https://dfpi.ca.gov/

Special Requirements

The position requires incumbents pass a Background Investigation prior to being hired. The Background Investigation may include Criminal Background, Fingerprinting, and a review of any governmental records. In addition, other available sources of background information may be reviewed prior to appointment.

Interested applicants must include a copy of their complete transcripts showing completion of required coursework. Foreign Degrees must provide Degree Evaluation to verify U.S. equivalency.

Application Instructions

Completed applications and all required documents must be received or postmarked by the Final Filing Date in order to be considered. Dates printed on Mobile Bar Codes, such as the Quick Response (QR) Codes available at the USPS, are not considered Postmark dates for the purpose of determining timely filing of an application.

Final Filing Date: 11/2/2020

Who May Apply

Individuals who are currently in the classification, eligible for lateral transfer, eligible for reinstatement, have list eligibility, are in the process of obtaining list eligibility, or have SROA and/or Surplus eligibility (please attach your letter, if available). SROA and Surplus candidates are given priority; therefore, individuals with other eligibility may be considered in the event no SROA or Surplus candidates apply.

Applications will be screened and only the most qualified applicants will be selected to move forward in the selection process. Applicants must meet the Minimum Qualifications stated in the Classification Specification(s).

How To Apply

Complete Application Packages (including your Examination/Employment Application (STD 678) and applicable or required documents) must be submitted to apply for this Job Posting. Application Packages may be submitted electronically through your CalCareer Account at www.CalCareers.ca.gov. When submitting your application in hard copy, a completed copy of the Application Package listing must be included. If you choose to not apply electronically, a hard copy application package may be submitted through an alternative method listed below:

Address for Mailing Application Packages

You may submit your application and any applicable or required documents to:

Department of Financial Protection and Innovation
Attn: Julie Nickles
Human Resources Office
2101 Arena Blvd.
Sacramento, CA 95834

Address for Drop-Off Application Packages

You may drop off your application and any applicable or required documents at:

Julie Nickles
Human Resources Office
2101 Arena Blvd.
Sacramento, CA 95834
08:00 AM - 05:00 PM

Required Application Package Documents

The following items are required to be submitted with your application. Applicants who do not submit the required items timely may not be considered for this job:

  • Current version of the State Examination/Employment Application STD Form 678 (when not applying electronically), or the Electronic State Employment Application through your Applicant Account at www.CalCareers.ca.gov. All Experience and Education relating to the Minimum Qualifications listed on the Classification Specification should be included to demonstrate how you meet the Minimum Qualifications for the position.
  • Resume is required and must be included.
  • School Transcripts
Applicants requiring reasonable accommodations for the hiring interview process must request the necessary accommodations if scheduled for a hiring interview. The request should be made at the time of contact to schedule the interview. Questions regarding reasonable accommodations may be directed to the EEO contact listed on this job posting.

Benefits

State employees may be eligible for health, dental, vision and leave benefits, as well as retirement programs and other benefits.  Benefit eligibility may depend on length of service and may be subject to collective bargaining agreements, which are contracts negotiated between the State of California and employee organizations that define employees’ wages, hours and conditions of employment.  Other possible benefits include:

  • Alternate Work Schedules
  • Telework
  • Reimbursement Accounts

Click here for more information on the California State Civil Service Employee Benefit Summary. The Benefits Summary provides an in-depth review of the benefits afforded by membership in the Public Employees’ Retirement System and the benefits and protections provided to public employees by the State Civil Service Act.

Contact Information

The Human Resources Contact is available to answer questions regarding the position or application process.

Department Website: https://dfpi.ca.gov/
Human Resources Contact:
Julie Nickles
(916) 576-3181
julie.nickles@dfpi.ca.gov

Please direct requests for Reasonable Accommodations to the interview scheduler at the time the interview is being scheduled. You may direct any additional questions regarding Reasonable Accommodations or Equal Employment Opportunity for this position(s) to the Department's EEO Office.

EEO Contact:
Kevin Morrison
(916) 576-4938
kevin.morrison@dbo.ca.gov
California Relay Service: 1-800-735-2929 (TTY), 1-800-735-2922 (Voice) TTY is a Telecommunications Device for the Deaf, and is reachable only from phones equipped with a TTY Device.

Additional Information

Applicants will need to take and pass the online FIE exam/assessment to be eligible to apply for vacant FIE positions. To be admitted into the FIE exam/assessment, applicants must meet the minimum qualifications (Four year Bachelor's degree in accounting, business administration, economics, finance, or a related business/management specialization or a minimum of 16 semester units of professional accounting courses in elementary and advanced or intermediate accounting, auditing, and cost accounting; and 3 semester hours of business law). The FIE exam/assessment can be found on the CalCareers website at https://www.jobs.ca.gov/JOBSGEN/0PBBX.PDF

Once passing the online FIE exam/assessment, applicants will be eligible to apply for vacant FIE positions posted on the CalCareers website at: www.calcareers.ca.gov and on the DFPI’s website at: www.DFPI.ca.gov/careers.

Current or former state civil service employees may have lateral transfer eligibility to apply for vacant FIE positions and for questions regarding your employment history consult with your department’s Human Resources Office.

Please note: Do not include any personal information on your documents (SSN, DOB, etc), and/or do not provide any LEAP information. 

Additional Filing Instructions

Equal Opportunity Employer

The State of California is an equal opportunity employer to all, regardless of age, ancestry, color, disability (mental and physical), exercising the right to family care and medical leave, gender, gender expression, gender identity, genetic information, marital status, medical condition, military or veteran status, national origin, political affiliation, race, religious creed, sex (includes pregnancy, childbirth, breastfeeding and related medical conditions), and sexual orientation.

It is an objective of the State of California to achieve a drug-free work place. Any applicant for state employment will be expected to behave in accordance with this objective because the use of illegal drugs is inconsistent with the law of the State, the rules governing Civil Service, and the special trust placed in public servants.