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Financial Examiner: Bank-Credit Union

Indiana State Job Bank
Indianapolis, IN
  • Posted: March 29, 2023
  • Full-Time


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 interview and to 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.


The DFI is seeking qualified candidates to work in a dynamic and high-performing environment, with a well-identified career path and significant opportunities to progress throughout the organization. Bank / Credit Union Division examiners are charged with the following at state-chartered financial institutions:


  • Analyzing financial performance.
  • Identifying pertinent financial, operational, and regulatory risks.
  • Assessing risk management and risk mitigation practices.
  • Collaborating with CEOs, CFOs, and Board members, and individuals from the Federal Reserve Bank, the National Credit Union Association, and the Federal Deposit Insurance Corporation.
  • Traveling throughout the state of Indiana to assess state-chartered financial institutions.


The DFI is looking for individuals with the following skills in the following areas:


  • Financial analysis
  • Credit risk assessment
  • Problem solving
  • Financial institution operations.
  • Most importantly, the DFI is looking for individuals who want to make a difference in the health of the State financial system.



Salary will be determined based on the individual's job and educational related experience. The starting examiner salary for an individual with no or limited relatable experience is $53,222, with a potential opportunity for adjustment based on relevant experience and skillset of the applicant. The Department utilizes eight different examiner level classifications based on experience and skills retained.


About the Job:

As the Financial Examiner, you will be responsible for working individually and collectively performing a variety of examination related tasks to determine a financial institution's solvency and compliance with state laws and regulations. In this position, you will examine institutions of larger size and complexity.  You will develop and execute examination plans, building upon information gathered during off-site surveillance activities and programs. You will serve as an Examiner-In-Charge of a variety of financial institutions along with joint examinations with other Federal agencies.  You will provide support for supervisory personnel of the department. 

A Day in the Life:

The essential functions of this role are as follows:

  • 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.
  • Use Examination Tools Suite (ETS) to develop loan review samples consistent with department goals of identifying credit risks. 

Consumer Credit/Bank Compliance: 

  • 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. 
  • Understand and interpret state laws and regulations concerning financial institutions such as the Indiana Uniform Consumer Credit Code and Title 28.

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. 
  • Broad knowledge of principles and theories related to accounting and banking, bank holding companies and bank branching.
  • 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. 
  • Bachelor's Degree in Accounting, Finance, or related area
    • Substitution: Academic training plus comparable work experience may substitute for a bachelor's degree where appropriate.
Supervisory Responsibilities/Direct Reports:
This role does not provide direct supervision to direct reports.

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 program (offers premium discount for the medical plan and gift cards)
  • 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.


Indiana State Job Bank


Indianapolis, IN
46204 USA


Finance and Insurance

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