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ACOM SECURITIES CHIEF EXAMINER
The Securities Chief Examiner is responsible for directing the operation of the Registration, Investigation, and Examination Section of the Arkansas Securities Department. This position is governed by state and federal laws and agency/institution policy.
Class Code:
X008C
Job Grade:
GS13
Special Job Requirements:
Travel for job-related responsibilities is necessary. Must attend specialized training provided by North American Securities Administrators Association (NASAA), Conference of State Banking Supervisors (CSBS), or American Association of Residential Mortga
Typical Functions:
Directs the work of a staff of supervisors, securities examiners, and support staff by interviewing, recommending for hire, providing training, establishing the examination schedules, assigning cases, monitoring the work flow, and evaluating the performance of incumbents. Manages staff performance of on-site examinations of licensed entities and persons. Writes and reviews reports written by examiners detailing findings of examinations and notifies licensees of violations and remedies that should be taken to ensure compliance with the appropriate statutes and rules. Manages staff that investigates complaints, inquiries, and suspected violations of the appropriate statutes and rules. Schedules and analyzes account statements, bank records and other documents to determine possible violations of the appropriate statutes and rules. Reviews work of examiners involved in investigations. Prepares written case summaries, assists in preparation of cases, and appears as an expert witness during administrative hearings or court proceedings. Collaborates with attorneys to develop strategies and cases, drafts orders, subpoenas, and complaints. Assists law enforcement on cases involving possible criminal offenses. Manages staff that is responsible for reviewing applications from broker-dealers, agents, investment advisers, and their representatives, mortgage companies, loan officers, and other regulated entities, to determine compliance with applicable statutes and rules. Develops goals and objectives for the investigation and examination staff. Develops methods and procedures for the implementation of the examinations and investigations. Coordinates investigations and examinations with other state regulatory agencies, Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Conference of State Banking Supervisors (CSBS), American Association of Residential Mortgage Regulators (AARMR) and Money Transmitter Regulators Association (MTRA). Attends meetings with representatives of FINRA, SEC, CSBS, AARMR, and MTRA to discuss ongoing cases and new developments in the regulation of these industries. Utilizes the department database systems to track cases, input case records, and provide input on the development and improvement of the database to administration. Performs other duties as assigned.
Knowledge, Abilities, and Skills:
Knowledge of principles of accounting and financial auditing procedures. Knowledge of the statutes and rules administered by the Securities Department. Ability to supervise and coordinate the workload of examiners and support staff. Ability to develop and implement new procedures and reports according to the regulatory authority of the Securities Department. Ability to analyze and evaluate accounting and financial data of regulated financial institutions. Ability to communicate technical information verbally and in writing. Ability to conduct financial examinations and determine compliance with applicable laws and rules.
Minimum Qualifications:
The formal education equivalent of a bachelor’s degree in accounting, finance, or a related field; plus six years of experience in auditing or accounting, including one year in a supervisory or leadership capacity. Additional requirements determined by the agency for recruiting purposes require review and approval by the Office of Personnel Management. OTHER JOB RELATED EDUCATION AND/OR EXPERIENCE MAY BE SUBSTITUTED FOR ALL OR PART OF THESE BASIC REQUIREMENTS, EXCEPT FOR CERTIFICATION OR LICENSURE REQUIREMENTS, UPON APPROVAL OF THE QUALIFICATIONS REVIEW COMMITTEE.
Required Certificates:
None
Exempt:
E
