Financial Institution Examiner 9-P11 (080)

The Department of Insurance and Financial Services (DIFS) is seeking an individual to work in public service as a Financial Institution Examiner in the Office of Credit Unions. This is an opportunity to build a fulfilling career doing work that truly matters – helping protect consumers and maintaining public confidence in Michigan’s financial services industry.

The right candidate will serve an important role in Michigan’s financial services sector by ensuring credit unions provide safe, sound, and reliable financial services to their members. As a credit union examiner, you will typically work in teams and be responsible for monitoring and examining the condition of state-chartered credit unions in Michigan. This incorporates all aspects of state-chartered credit unions with a focus on the examination and assessment of seven risk areas: credit, interest rate, liquidity, transactional/operational, compliance/legal, strategic, and reputation. Periodic in-depth reviews are performed regarding consumer compliance protection and information technology.

Examiners regularly meet with management teams, boards of directors, and other professionals associated with the industry to provide guidance, evaluate compliance with state and federal regulations, answer questions, and encourage sound credit union business practices. Examiners frequently draft work summaries, examination reports, and varied correspondence.

Ideal candidates will have:

• The drive to serve the people of the State of Michigan and make a difference in an important financial sector that supports the financial needs of individuals and businesses.
• The ability to thrive in a dynamic, collaborative, and high-tech environment while demonstrating sound professional judgement and decision-making.
• A curious and analytical mind capable of analyzing financial performance, identifying and assessing risks, developing solutions, and supporting conclusions.
• The ability to communicate clearly, concisely, and effectively both orally and in writing.
• The desire to work closely with colleagues and senior leaders to solve problems.
• The ability to work well both independently and within a team.
• The desire to travel to diverse work locations for examinations, training opportunities, and conferences.

Other job features include participation in webinars, conference calls, and employee development training. A comprehensive training program will be tailored to supplement your prior experience to ensure an opportunity to succeed. DIFS is looking for a team member who has an interest in helping others, who wants to learn and grow personally and professionally, and who wants to enjoy all the exciting things life in Michigan has to offer.

This position provides competitive pay, retirement, health, vision, and dental benefits. Work Location: This is a flexible/hybrid position primarily located in Central Michigan. In-state travel, including overnight, and some out-of-state travel for training are required. You will perform portions of examinations at credit unions and complete assignments at your official workstation (i.e., home). This position is responsible for examinations in Southeast Michigan and additional examinations at credit unions located throughout the state as assigned. Work must be performed in the state of Michigan. If you currently reside outside of Michigan, you must relocate to Michigan to perform the duties of this position. Relocation expenses are not reimbursed.

Please attach a cover letter, resume, business writing sample, and a copy of official college transcripts. An “official college transcript” must contain the college/university name and address, the degree conferred, and date granted, coursework completed, and the Registrar’s signature and/or seal. A scanned or electronic copy is acceptable, as long as it contains the elements listed above. The college/university does not have to send the transcripts directly to DIFS. Failure to attach the requested documents may result in your application being screened out.

The use of artificial intelligence (AI) software of any kind is prohibited in all areas of the selection process; including, but not limited to, responses to application questions, and responses to interview questions or exercises. Any applicant that is suspected of using AI software for any portion of the selection process may be screened out.

DIFS is a Gold-Level Veteran-Friendly Employer, committed to recruiting, training, and retaining veterans and their spouses.

Required Education and Experience

Education: Possession of a bachelor’s degree with a business major including completion of a business core curriculum consisting of one course each in finance, law, and management, one course in either marketing or economics, and 6 semester (9 term) credits in accounting.

Experience:

• Financial Institution Examiner 9: No specific type or amount is required.
• Financial Institution Examiner 10: One year of professional experience evaluating and determining safe and sound operating practices through examinations, visitations or investigations of state chartered depository or state licensed non-depository financial institutions or financial examinations of state licensed insurance companies in accordance with state and federal statutes equivalent to a Financial Institution Examiner 9.
• Financial Institution Examiner 11: Two years of professional experience evaluating and determining safe and sound operating practices through examinations, visitations or investigations of state chartered depository or state licensed non-depository financial institutions or financial examinations of state licensed insurance companies in accordance with state and federal statutes equivalent to a Financial Institution Examiner, including one year equivalent to a Financial Institution Examiner 10.

Alternate Education and Experience

• Financial Institution Examiner 9: Possession of a bachelor’s degree in any major AND two years of an equivalent type of professional financial institution or insurance industry experience.
• Financial Institution Examiner 10: Possession of a bachelor’s degree in any major AND one year of professional experience as a financial institution examiner or specialist for a federal financial regulatory agency, FDIC, a Federal Reserve Bank, NCUA, Comptroller of the Currency, other federal or out-of-state financial or insurance regulatory agencies; OR three years of an equivalent type of professional financial institution industry experience.
• Financial Institution Examiner P11: Possession of a bachelor’s degree in any major AND two years of experience as a professional financial institution examiner or specialist for a federal financial regulatory agency, FDIC, a Federal Reserve Bank, NCUA, Comptroller of the Currency, other federal or out-of-state financial or insurance regulatory agencies; OR four years of an equivalent type of professional financial institution industry experience.

If you require a reasonable accommodation to participate in the application or selection processes, please contact the ADA coordinator for the agency that posted this position vacancy.