Financial institutions examiner interview coming up

Could anyone help me with what to expect in an interview coming up in 2 weeks? Any help would be greatly appreciated, and if i get the position I'll come back to the forum with tips on how others can get government bank examining jobs.

It's for the State of California Department of Financial Institutions. The job title is Financial Institutions Examiner (they need someone in credit union examining division). This job seems to be an auditing/financial analysis mix (probably more auditing weighted), meaning that the examiner need to make sure that the bank has been dotting the i's and crossing the t's and that it is on financially sound footing. I have no auditing/accounting/financial analysis experience but i got the interview on the strength of current state employment (a non financial related job but it has investigative job duties), and on the strength of finance degree and Level 2 cfa candidate status, plus extremely emphasized interest and willingness to continue learning finance.

What kind of questions should I expect? Auditing/accounting/credit analysis questions?

Here is the job description/requirements:

Ability to: Work arithmetical computations; gather, organize, summarize, and interpret financial data; analyze data and draw sound conclusions; prepare reports; establish and maintain cooperative relations with those contacted in the work; communicate effectively; evaluate and appraise information; analyze situations accurately and take effective action; use a variety of spreadsheets or word processing software packages.

       ALL LEVELS ABOVE FINANCIAL INSTITUTIONS EXAMINER, RANGE A

       Knowledge of:  All of the above, and laws, policies, rules, and regulations administered by the Department of Financial Institutions; financial operations and practices of organizations subject to regulation by the Department of Financial Institutions; purposes, activities, and functions of the Department of Financial Institutions; regulatory terminology; applicable Federal rules and regulations and operations of regulatory agencies that work closely with the Department; specialized accounting and auditing principles; financial examining practices obtained through on-the-job training

and through prescribed training courses.

Ability to: All of the above, and apply specialized financial examining practices and procedures; perform detailed portion of financial institution, business firm, or services examinations; analyze data and draw sound conclusions; apply specialized examination practices and procedures; analyze financial and operating statements, reports, and records relating to licensee operations; gather, organize, analyze, and summarize financial data and draw logical conclusions; prepare clear, concise, and accurate reports; discuss reports of examination and other financial data and hold meetings with executive officers and directors of financial institutions, business firms, and services.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”