Chief Director Of Risk Management Examinations

State Of Massachusetts Boston , MA 02298

Posted 3 months ago

All applicants should attach a cover letter and resume to their online submission for this position.

The Division of Banks is currently accepting applications for the position Chief Director of Risk Management (Safety & Soundness) Examinations. The filling of this position is subject to appropriation and obtainment of all necessary approvals from the Office of Consumer Affairs and Business Regulation and the Executive Office for Administration and Finance. The Division reserves the right not to fill this position without notice. This position will report directly to the Deputy Commissioner within the examination unit.

The mission of the Division of Banks is to ensure a sound, competitive, and accessible financial services environment throughout the Commonwealth. The Division maintains public confidence in Massachusetts financial institutions through the oversight of state-chartered banks and credit unions and the supervision and licensing of mortgage loan originators, the mortgage lending, brokering, servicing industries, and the money services business, sales finance, and debt collection industries operating in Massachusetts. The majority of the Division's employees are Examiners who conduct a variety of on-site and off-site examinations of financial institutions and licensed entities under the Division's jurisdiction. The Division offers competitive employee benefits, including generous leave policies, flexible work schedules, and tuition remission at state colleges and universities. We also offer a progressive training program and career advancement opportunities within the agency.

The primary purpose of the Chief Director is to perform a comprehensive review of the financial condition of state-chartered depository institutions to ensure full compliance with applicable laws and regulations. The Chief Director supervises Regional Field Managers in the Unit, all of whom work closely with the field examination staff. The Chief Director interacts on a daily basis with the Deputy Commissioner for the purpose of coordinating and prioritizing examination schedules and addressing problematic situations discovered through the examination and monitoring processes.

The Chief Director position is located at the Division's main office at 1000 Washington Street, Boston, MA. The position may require some travel throughout the Commonwealth of Massachusetts and travel out-of-state with some overnight stay.

Primary Duties Include:

  • Responsible for the examination oversight of a portfolio of depository institutions supervised by the Division including prioritizing the examination schedule based upon the needs of the agency, ratings, and skills of particular examiners.

  • Reviews and analyzes data and documentation presented in the examination report to determine correctness and sufficiency to support examiners' conclusions and makes recommendations for corrective actions based upon findings.

  • Performs data management, technology, personnel, administrative, staffing analyses, and project-related tasks required of the Risk Management Examination Unit.

  • Recommends to senior staff remedial steps to be taken with regard to regulated entities based upon an in-depth and detailed review of reports, interviews with agency personnel, and documentation.

  • Communicates examination findings to the industry, the incumbent participates as needed with the Field Operations Manager, Regional Field Managers, and senior examination staff in exit and board meetings with financial entities to present examination findings and respond to questions.

  • Directs, motivates, and evaluates subordinate positions using the Commonwealth's performance management processes (ACES and EPRS).

  • Reviews, logs in, analyzes, and processes legal and regulatory applications that require the involvement of the Depository Institution Supervision Risk Management Unit.

  • Represents the agency on a variety of committees and working groups, both internally and externally, addressing matters such as proposed rulemaking, emerging risks, and other supervisory or regulatory matters.

  • Represents the Division through periodic attendance at public and industry meetings at which the incumbent must make decisions within prescribed policy guidelines set by the Commissioner.

  • Provides technical information and assistance in response to inquiries from the industry and general public.

Preferred Qualifications:

  • College degree in business, finance, or accounting. An advanced degree or CPA status is preferable.

  • Supervisory and managerial experience in the field of bank examinations, financial analysis, auditing and/or accounting.

  • Knowledge of the bank and credit union examination function and principles of financial analysis;

  • Knowledge of state and federal banking and credit union laws, regulations, and related guidance and interpretations;

  • Knowledge of the bank and credit union examination reports and familiarity with their unique software platforms;

  • Knowledge of principles and practices of management, including planning, organizing, directing, motivating, controlling, and decision making;

  • Knowledge of the principles, practices, and techniques of supervision;

  • Knowledge of the principles and practices of financial management;

  • Knowledge of the principles of organizational behavior;

  • Knowledge of the techniques of conducting employee performance appraisals;

  • Ability to plan, organize and control the use of staffing resources, equipment, and budgetary resources to achieve departmental goals and objectives;

  • Ability to coordinate the efforts of others in accomplishing assigned work objectives;

  • Ability to select and develop staff by utilizing participatory management, personnel assessment, and performance review;

  • Ability to write concisely, to express thoughts clearly, and to develop ideas in logical sequence;

  • Ability to give written and oral instructions in a precise, understandable manner;

  • Ability to resolve personnel conflicts effectively;

  • Ability to delegate authority effectively;

  • Ability to anticipate and analyze difficult situations and take corrective action to prevent problems from occurring;

  • Ability to adjust to changing situations to meet emergency or changing program or production requirements, and ability to manage multiple tasks simultaneously.

SALARY PLACEMENT IS DETERMINED BY YEARS OF EXPERIENCE AND EDUCATION DIRECTLY RELATED TO THE POSITION AND THE HUMAN RESOURCES DIVISION'S RECRUITING GUIDELINES.

MINIMUM ENTRANCE REQUIREMENTS:

Applicants must have at least (A) five years of full-time, or equivalent part-time, supervisory or managerial experience in financial management work, the major duties of which included at least two or more the following functions: budgeting, accounting, auditing, management analysis, program evaluations, financial reporting, or statistical reporting of program results and (B) of which at least one year must have been in a managerial capacity.

SPECIAL REQUIREMENTS: None.

An Equal Opportunity / Affirmative Action Employer. Females, minorities, veterans, and persons with disabilities are strongly encouraged to apply.


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Chief Director Of Risk Management Examinations

State Of Massachusetts