Description and Functions
Open Until Filled
GENERAL DESCRIPTION: Serve as Examiner-in-Charge and participate in high-level supervisory activities, projects, or committees that are typical of the highest complexity, priority, and sensitivity and may be problematic in nature by conducting examinations of Wyoming financial institutions to ensure that they are abiding by applicable State and Federal laws and regulations governing banking activities to maintain the integrity and stability of the State banking system by ensuring the safety and soundness of all State-chartered financial institutions.
The State of Wyoming's total compensation package is excellent and includes:
- Paid annual and sick leave
- Paid holidays
- Retirement with employer contributions
- Deferred Compensation Plan with employer contributions
- Health insurance with an employer contribution toward premiums
- Insurance options for health, dental, life, vision, ambulance, short and long-term disability
- Longevity pay
- Flexible Work Schedules to include hybrid office-telework opportunities
Human Resource Contact: Candice Dillmon 307-777-5312 candice.dillmon@wyo.gov
ESSENTIAL FUNCTIONS:
- Assess the capabilities of the Board of Directors and executive management to identify, measure, monitor, and control the risks of an institution's activities and to ensure a financial institution's safe, sound, and efficient operation.
- Assess and assign ratings of Capital, Asset Quality, Management, Earnings, Liquidity, and Sensitivity to Market Risk for banks and Management; Operations, Internal Controls, Audits; Earnings; Compliance; and Asset Management for trust companies.
- Conduct meetings with management and the Board of Directors and draft a Report of Examination.
- Assess the adequacy of bank and trust company operating and underwriting procedures, internal control environment, bond accounting, financial institution investment practices and safekeeping procedures, information technology security procedures, bank holding company requirements, and other activities.
- Ensure that financial institutions are in full compliance with all State and Federal financial and fiduciary laws, regulations, and interagency guidelines.
- Coordinate with or assist examiners and representatives of the Federal Reserve Bank (FRB), FDIC, Conference of State Bank Supervisors (CSBS), and other States' regulatory agencies.
- Perform analysis of complex audited financial institution and holding company financial statements by verifying compliance with GAAP accounting requirements, Financial Accounting Standards (FAS), and Federal regulatory reporting requirements.
- Serve as Case Manager for a portfolio of larger, more complex state-chartered banks and trust companies. Perform ongoing, off-site review of risks to the banks and trust companies and draft quarterly Off-site Monitoring Report for Banking Commissioner's review.
- Monitor compliance with both informal and formal Regulatory Action and report status to the Banking Commissioner and FRB or FDIC.
- Assess the risk management and control structure for digital asset companies using blockchain technology. Assess controls over blockchain transaction signing protocols, digital asset custody solutions, and compliance with Bank Secrecy Act requirements for digital assets.
Qualifications
PREFERENCES: Preference may be given to those with a bachelor's degree in banking studies or finance and who have professional work experience in banking, financial analysis, or accounting.
KNOWLEDGE:
- Knowledge of all Wyoming banking laws and regulations; FDIC and FRB laws and regulations; GAAP accounting, Financial Accounting Standards (FAS), and federal regulatory reporting requirements.
- Ability to analyze financial institutions' financial statements, internal and external audit reports, information technology security procedures, credit underwriting and administration procedures, financial institution operations, internal control procedures, disaster recovery plans, and business continuity plans; and compliance with various laws and regulations.
- Effectively communicate examination findings and ratings to the financial institution's senior management and board of directors, both verbally and written; Interpret various state and federal financial institution laws and regulations; coordinate and manage a team of examiners from the WY Division of Banking, as well as FDIC, FRB, and other state's examiners; manage multiple tasks concurrently.
- Knowledge of blockchain technology and digital asset products and services including custody, staking, and trading.
MINIMUM QUALIFICATIONS:
Education: Bachelor's Degree (typically in Finance)
Experience: 1-2 years of progressive work experience (typically in Finance) with acquired knowledge at the level of a Senior Auditor
OR
Education & Experience Substitution: 4-6 years of progressive work experience (typically in Finance) with acquired knowledge at the level of a Senior Auditor
Certificates, Licenses, Registrations: None
Necessary Special Requirements
PHYSICAL WORKING CONDITIONS:
- Must be able to travel to examinations and formal training for extended periods of time.
- Ability to lift and carry workbags, luggage, etc.
NOTES:
- FLSA: Exempt
- This position requires the completion of a criminal background check.
Supplemental Information
021-Department of Audit - Division of Banking
Click here to view the State of Wyoming Classification and Pay Structure.
URL: http://agency.governmentjobs.com/wyoming/default.cfm
The State of Wyoming is an Equal Opportunity Employer and actively supports the ADA and reasonably accommodates qualified applicants with disabilities.
Class Specifications are subject to change, please refer to the A & I HRD Website to ensure that you have the most recent version.
Working for the State of Wyoming provides employees with a range of valuable benefits and offers a fulfilling career path. Employees enjoy comprehensive healthcare coverage, including medical, dental, and vision plans, ensuring their well-being and that of their families. Additionally, the state offers multiple retirement plans, which provide financial security and stability for employees once their career in public services comes to an end. The state recognizes the importance of personal time and offers generous paid time off and flexible arrangements, allowing employees to recharge, take care of personal matters, and maintain a healthy work-life integration.
There are many benefits to living and working in Wyoming. Beautiful country with wide-open spaces, clean air, great recreational activities, and no State income tax to mention a few!
