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.
