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Introduction The Department of Labor, Licensing and Regulation, Office of the Commissioner of Financial Regulation is accepting applications from qualified individuals to function as a Financial Regulation Non-Depository Examiner Trainee in the Compliance Unit of the Office of the Commissioner of Financial Regulation. Currently permanent position vacancies exist in Mortgage Examination and Money Transmission / Debt Management.  The resulting certified (eligible) list will be used to fill current and future vacancies for a period of six months and may be extended. The list may also be used to fill future contractual vacancies as they occur. There is one current contractual vacancy in the Complaint Unit. Contractual positions do not receive state paid health benefits and are paid only for hours worked. All persons interested in either type of position should apply at this time. Please Note: the Money Transmission/Debt Management Examiner will travel extensively throughout the United States to the respective institutions’ headquarters to perform this examination work. Out of State travel could exceed over 50% of the work year. GRADE 13 Main Purpose of Job Financial Non-Depository Examiner Trainee is the entry level of financial examination work. Employees in this classification examine the accounts, records, consumer transactions and business practices of non-depository financial institutions (i.e., consumer loan, sales finance, installment loan, mortgage lenders, collection agencies, check cashers, money transmitters and debt management companies) primarily located at the business headquarters. These are complete examinations designed to ensure that the financial institutions are in compliance with laws and regulations governing their operations or individual compliance reviews resulting from the receipt of consumer complaints. Both examinations and reviews are designed to strengthen the financial integrity of the regulated industry. Employees in this classification do not supervise. POSITION DUTIES Examine the records of money transmitter (MT) and check cashing (CC) companies to ensure compliance with federal and state laws and regulations, the US Patriot Act or any anti-money laundering statues applicable to the CC and MT industries. Prepare schedules and workpapers detailing the companies assets, liabilities, capital, investments, income and expense accounts for various interim periods and other accounts. Evaluate various investment instruments, book and market values, cash flows, interest rate risk; interpret legality, restrictions and acceptability of investments. Analyze asset, liability, and capital accounts and cash flow statements to assess the financial condition of the companies. Assist in the review and analysis of complaints filed against the companies for compliance with state and federal laws and regulations. Assist in the location and identification of unlicensed MT and CC companies for referral to licensing and/or enforcement. Conduct special examinations/investigations of MT and CC companies both independently and in cooperation with other State and federal regulatory agencies and law enforcement organizations including, but not limited to FinCen ands the IRS. MINIMUM EDUCATION OR GENERAL REQUIREMENTS Education: Possession of a Bachelor’s degree from an accredited four-year college or university including or supplemented by a total of 24 credit hours in business administration, finance, economics, law or accounting. These credit hours must include a minimum of 6 credit hours in either accounting or auditing. (Note: Transcript(s) must be submitted at time of application to verify required courses. For all foreign education obtained outside the U. S., you are equired to provide proof of the equivalent American education as determined by a foreign credential evaluation service.) Experience: None Note:  Applicants may substitute regulatory, managerial or professional experience in the financial services industry, consumer credit industry, mortgage lending industry, accounting or auditing work or State or federal regulatory experience in the above industries on a year-for-year basis for the required education. DESIRED OR PREFERRED QUALIFICATIONS Preference will be given to candidateswho possess one or more of the following: experience in the mortgage, money transmission, debt management or check cashing industries.     experience in state or federal regulatory work. experience in interpretation and/or implementation of regulatory statutes and regulations. well-developed communications (written/verbal) skills. LICENSES, REGISTRATIONS AND CERTIFICATIONS Employees in this classification may be assigned duties which require the operation of a motor vehicle. Employees assigned such duties will be required to possess a motor vehicle operator’s license valid in the State of Maryland. SPECIAL REQUIREMENTS Employees in this classification may be required to attend advanced formal training classes. The purpose of this training is to maintain professional job specific proficiency and current knowledge. Some training classes are out-of-State and may require overnight stays. SELECTION PROCESS Applicants must provide sufficient information on the application (and on separate pages, if necessary) to show they meet the qualifications for this recruitment. All information concerning the qualifications, including any required documentation (diploma, transcript, certificate, etc.) must be submitted and received by the closing date. Information submitted after this date will not be considered. For all foreign education obtained outside the U. S., you are required to provide proof of the equivalent American education as determined by a foreign credential evaluation service. Applications that meet qualifications will be referred to the hiring unit for interview selection.  Units will select those candidates most closely demonstrating the qualifications for interview. The certified list will be used by DLLR for a period of six months.  EXAMINATION PROCESS The examination for this recruitment will be an evaluation and rating of the information provided on your application. Therefore, it is essential that the application is filled out completely and accurately, listing all relevant education and experience and addressing the specific qualifications shown above. All required documentation must be received no later than the close of business on the closing date. Successful candidates will be placed on the eligible list categorized as Best Qualified, Better Qualified or Qualified. BARGAINING UNIT STATUS The incumbent in this position is a member of a covered bargaining unit and will be required to pay a bi-weekly service fee to the exclusive representative of the bargaining unit.  BENEFITS  STATE OF MARYLAND BENEFITS FURTHER INSTRUCTIONS Military Veterans may qualify for additional bonus points towards certification. A copy of your proof of eligibility (DD 214) for Veterans’ Credit must be in this office and completely verified before Veterans’ Credit will be approved. Permanent State employees do not need to submit proof of eligibility for Veterans’ Credit. If you are unable to apply online, or encounter difficulty attaching required or optional documentation, you may submit via mail or deliver in person. Please be sure to include your name, identification number (Easy ID#) and job announcement number on any documentation to ensure timely processing. PLEASE DO NOT FAX OR EMAIL UNSOLICITED DOCUMENTATION Completed applications, required documentation, and any required addendums may be mailed to: DLLR Office of Human Resources Attn: 13-000278-001 1100 N. Eutaw Street, Rm. 100 Baltimore, MD 21201 The MD State Application Form can be found online TTY Users: call via Maryland Relay Department of Labor, Licensing and Regulation is an equal opportunity employer. It is the policy of DLLR that all persons have equal opportunity and access to employment opportunities, services, and facilities without regard to race, religion, color, sex, age, national origin or ancestry, marital status, parental status, sexual orientation, disability or veteran status.
