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ACOM SENIOR SECURITIES EXAMINER
The Securities Examiner is responsible for serving as Examiner-in-Charge of examinations and investigations of the securities, mortgage, and other financial industries. This position is governed by state and federal laws and agency/institution policy.
Class Code:
X032C
Job Grade:
GS09
Special Job Requirements:
Travel for job-related responsibilities is necessary. Attendance is required at specialized training provided by North American Securities Administrators Association (NASAA), Conference of State Banking Supervisors (CSBS) or American Association of Resid
Typical Functions:
Participates as lead examiner in on-site examinations of registered entities and persons to test solvency, record keeping, and sales practices for conformance to applicable statutes and rules. Assigns examination responsibilities and instructs other examiners in procedures. Coordinates and resolves problems between staff and licensees. Writes reports detailing findings of examinations and notifies licensees of violations and remedies that should be taken to ensure compliance with the appropriate statutes and rules. Investigates complaints, inquiries, and suspected violations of the appropriate statutes and rules. Analyzes account statements, bank records, and other documents, to determine possible violations of the appropriate statutes and rules. Prepares written case summaries, assists in preparations for a case, and appears as an expert witness during administrative hearings or court proceedings. Reviews 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. Reviews registrations and exemptions from registration of securities offerings to ensure that federal, state, and agency standards and requirements are met. Analyzes financial records, annual reports, and other financial statements to determine if regulated entities’ financial positions are adequate and business practices conform to state and federal statutes and rules. Performs 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 filings, input records, and provide input on the development and improvement of the database to administration. Monitors, provides, and maintains data in national databases such as FINRA’s Central Registration Depository (CRD), Investment Adviser Registration Depository (IARD), and CSBS’s Nationwide Mortgage Licensing System (NMLS). 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 analyze and evaluate accounting and financial data of regulated financial institutions. Ability to interpret and apply state and federal laws governing the regulated financial industries. Ability to evaluate securities, offerings, and the business practices of regulated industries. Ability to communicate technical information verbally and in writing. Ability to conduct financial examinations and determine compliance with applicable statutes and rules.
Minimum Qualifications:
The formal education equivalent of a bachelor’s degree in accounting, finance, or a related field; plus four years of experience in auditing, accounting, securities, or other field related to the securities or financial industry regulation. 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
