Work for Indiana
Grow your career with the State of Indiana! With more than 50 executive branch agencies, the State of Indiana is a diverse workforce offering employees stimulating and challenging projects across a broad scope of career opportunities. As a State of Indiana employee, you impact the well-being of Indiana’s communities every day.
At the State of Indiana, we don’t just talk about diversity and inclusion – Our goal is to create a welcoming, accessible, and equitable workplace, with a workforce that is representative of the State of Indiana population. As a proud equal opportunity employer, reasonable accommodations may be available to enable individuals with disabilities to complete the application and interview process, as well as perform the essential functions of a role.
Next Level benefits at the State of Indiana are here! Be sure to review our expanded benefit package offerings below.
About the Department of Financial Institutions:
The Indiana Department of Financial Institutions (DFI) works to promote growth and prosperity of local Indiana communities through effective and common-sense regulation.
Salary Statement:
The salary for this position traditionally starts at $75,000 but may be commensurate with education or work experience.
About the Financial Licensing Analyst Role:
This position provides support to the licensing and applications functions of the Department, researches regulatory matters, and receives telephone/email inquiry calls from Indiana consumers related to financial services matters. The position is responsible for working with the other analysts in tracking, monitoring, and recommending regulatory action on initial applications and renewal applications submitted via the Nationwide Multistate Licensing System (NMLS) and submitted via other standard methods directly to the Department. This position will work directly with other licensing and analyst staff and may be asked to engage with the Internal Revenue Service, the Financial Crimes Enforcement Network, and other state and federal regulators. This position contributes to the mission of the agency by assuring the residents of Indiana have access to adequate and proper financial services and protecting the interests of consumers. This position reports directly to the Deputy Director of the Consumer Credit.
- Supports the supervisory activities of the Department by providing professional support to the licensing and application functions by communicating via telephone/email with applicants, depositories, and licensees and registrants regarding application and licensing issues and follows up on matters with written communication as necessary. These issues relate to the administration of the Indiana Uniform Consumer Credit Code, the First Lien Mortgage Act, the Indiana SAFE Rule, the Rental Purchase Agreement Act, the Debt Management Companies Act, the Pawnbroking Act, the Money Transmitter Act, the Check Cashing Act, the Small Loan Act, the Civil Proceeding Advance Payments Act, the Financial Institution Act, and other federal financial regulations. The Analyst researches regulatory matters as assigned by the Deputy Directors of the Consumer Credit and Depository Divisions and answers questions from Indiana consumers related to financial services matters and the entities regulated by the Department
- Analyzes, reviews and recommends actions on mortgage loan originator (MLO), mortgage license applications submitted through the Nationwide Multistate Licensing System (NMLS) for compliance with the Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E.), requires a determination as to whether the applicant meets all of the requirements as to professional training, experience, financial responsibility, fitness of character, and educational requirements to be granted a license. and prepares delegated authority for review by the Director
- Analyzes, reviews and recommends actions on low-to-moderate complexity applications/license requests/registration requests on debt management, money transmitters, pawnbrokers, small loan originators, check cashers, and change of control activities, requires a determination as to whether the applicant meets all of the requirements outlined within the pertinent statutes, and prepares delegated authority for review by the Director
- Assists the Depository Analyst in reviewing, analyzing, and processing applications submitted to the Department applicable to depository institutions and corporate fiduciaries
- Ensures all information on regulated entities in NMLS and the Department’s internal CRTS system is accurate and current and may assist in monitoring the Applications section of the DON DFI database for accuracy.
- Reviews NMLS license amendments and incoming mail notices to determine which need processed and which require additional information be submitted.
- Works with consumer complaints against entities the Department may or may not regulate and may review written complaints received by the Department to determine if the complaint is against an entity supervised by the Department.
- Engages with respect to the Information Sharing Agreements in place with the Internal Revenue Service and the Financial Crimes Enforcement Network, as well as other state and federal regulators and monitors and tracks the state’s anti-money laundering efforts and preparing the necessary reports to satisfy the agency’s required participation in this coordinated anti-money laundering regulatory effort.
- Provides assistance to a wide variety of other projects as assigned as they related to application, charter, and license information on Department regulated entities.
A Day in the Life:
The essential functions of this role are as follows:
Depository:
- Perform various examinations that are conducted on institutions of large size and complexity.
- Serve as an Examiner-In-Charge (EIC) of Safety and Soundness examinations for institutions of the largest size and complexity, and those exhibiting financial or operating weakness.
- Submit examination plans that recognize the condition and risk profile of the institution.
- Oversee examination staff to affirm the appropriateness of scope and assure that established examination procedures are followed.
- Submit timely Reports of Examination that are analytically correct, void of major errors, and contain minimal errors.
- Make accurate ratings determinations and develop corrective programs with assistance.
- Develop loan review samples consistent with department goals of identifying credit risks.
- Serve as the Central Point of Contact (CPC) for the most complex institutions. Recognize and analyze risk and trends in institutions through effective use of off-site monitoring tools, on-site examinations, and communication with other DFI staff, federal regulators, and institution management.
- Coordinate on-site visitations at necessary intervals with supervisory approval or direction and attend board/management exit meetings as necessary.
- Perform all examination and assign appropriate Capital Adequacy, Asset Quality, Management, Earnings, Liquidity and Sensitivity to Interest Rate Risk (CAMELS) ratings
- Perform asset quality reviews by analyzing the loan portfolios in complex institutions and demonstrate the ability to assign accurate credit risk assessments with decreasing levels of assistance. Further, evaluate credit risk management systems and adjust the examination scope accordingly.
Consumer Credit:
- Perform various examination duties related to regulatory compliance with state and federal consumer credit laws and regulations.
- Conduct examinations on the following types of entities with a focus on the most complex State Chartered Depository Institutions, Licensed Lenders, Licensed Small Lenders, Non-Lenders, Rental Purchase Registrants, Pawnbrokers, Debt Management Companies, Check Cashers, Civil Proceeding Advance Payment Providers, First and Subordinate Lien Mortgage Lenders, and Money Transmitter Licensees.
- Serve as an Examiner-In-Charge (EIC) to evaluate the degree of compliance with governing statutes and regulations.
- Serve as a Subject Matter Expert (SME) regarding statutes and examination procedures germane to the types of examinations being conducted.
- Prepare examination reports of findings that are accurate, pertinent, and comply with Department policies and procedures. Hold meetings with officers and managers to discuss these findings.
- Assist in bringing the organization into full compliance with laws and regulations and recommend procedures to maintain compliance.
- Review work produced by other staff in a timely manner and provide effective feedback to less tenured examiners.
The job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee. Other duties, responsibilities, and activities may change or be assigned at any time with or without notice.
What You’ll Need for Success:
You must meet the following requirements to be considered for employment:
- Ability to complete the Agency specific training programs.
- Broad knowledge of computer applications, including examination software, internal DFI software, and external computer applications used to research, gather, and analyze examination activities.
- Ability to conduct and prepare examination reports.
- Ability to identify, apply and interpret laws, regulations, and policies applicable to assigned areas, as well as examination policies and procedures including training less experienced examiners.
- Ability to analyze and interpret data and records.
- Ability to communicate effectively, both orally and in writing.
- Ability to exercise both tact and persuasion in dealing with institution managers and staff.
- Ability to travel across or within a specified region of the State based on the job assignment.
- At the Depository Division – Ability to use Examination Tools Suite (ETS) to develop loan review samples consistent with department goals of identifying credit risks.
Supervisory Responsibilities/Direct Reports:
This role may be utilized in a supervisory capacity based on agency needs.
Benefits of Employment with the State of Indiana:
The State of Indiana offers a comprehensive benefit package for full-time employees which includes:
- Three (3) medical plan options (including RX coverage) as well as vision and dental plans
- Wellness Rewards Program: Complete wellness activities to earn gift card rewards
- Health savings account, which includes bi-weekly state contribution
- Flexible work scheduling options, including the potential for hybrid remote work for employees whose work may be performed outside state facilities
- Deferred compensation 457B account (similar to 401k plan) with employer match
- Two (2) fully-funded pension plan options
- A robust, comprehensive program of leave policies covering a variety of employee needs, including but not limited to:
- 150 hours of paid new parent leave
- Up to 15 hours of paid community service leave
- Combined 180 hours of paid vacation, personal, and sick leave time off
- 12 paid holidays, 14 on election years
- Education Reimbursement Program
- Group life insurance
- Referral Bonus program
- Employee assistance program that allows for covered behavioral health visits
- Qualified employer for the Public Service Loan Forgiveness Program
- Free Parking for most positions
- Free LinkedIn Learning access
Equal Employment Opportunity:
The State of Indiana is an Equal Opportunity Employer and is committed to recruit, select, develop, and promote employees based on individual ability and job performance. Our policy is to provide equal employment opportunity to all people in all aspects of employer-employee relations without discrimination because of race, color, creed, religion, sex, national origin, ancestry, age, sexual orientation, gender identity, physical or mental disability, or veteran status. We will comply with the spirit as well as the letter of all applicable state and federal laws.
If you are a qualified individual with a disability and require reasonable accommodation in completing this application, you can request assistance by contacting the Indiana State Personnel Department at [email protected].
The State of Indiana has established a culture that welcomes equity, inclusion, and opportunity for all employees and applicants. We encourage you to apply if you feel you have the transferrable skills to be successful in this position and we look forward to reviewing your application.
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