Money Transmitter Examiner

Agency

NC Office of the Commissioner of Banks

Division

NC Office of the Commissioner of Banks

Job Classification Title

OCOB Financial Examiner (NS)

Position Number

65006445

Grade

30005003

About Us

The N.C. Office of the Commissioner of Banks (NCCOB) is responsible for the chartering and regulation of North Carolina's state banks, trust companies, mortgage companies, as well as registration and licensing of various financial institutions operating in North Carolina. Our mission is to promote and maintain the strength and fairness of the North Carolina financial services marketplace through the supervision and regulation of financial service providers in that marketplace.

Description of Work

NCCOB is seeking two (2) journey-level financial examiners to join the Money Transmission (MT) Team. The primary purpose of these positions is to gather, organize, review, and analyze information concerning the operation of money transmission and check-cashing licensees, ensure the safe and lawful conduct of the business, and assess compliance with applicable state and federal laws and regulations.

Examiners are expected to:

• analyze financial statements, assess management, determine the adequacy of internal controls;
• investigate unusual or high-risk activity, including indications of money laundering;
• communicate information to industry management and others, as appropriate, consistent with applicable laws, policies, and industry practices;
• develop and maintain professional working relationships with industry groups, regulatory associations, and other state and federal agencies;
• prepare accurate and timely written reports, explain the basis for cited violations, and recommend appropriate corrective action;
• maintain confidentiality and discretion while conducting agency business and may be called to testify in judicial hearings;
• work independently under minimal supervision and adapt easily to changing circumstances;
• demonstrate sound judgment in making decisions and recommendations;
• demonstrate the ability to effectively communicate complex concepts through strong written and verbal communication skills;
• train others as assigned.

If journey-level applicants are not identified, contributing level will be considered.

WORK ENVIRONMENT INVOLVES UP TO 80% OVERNIGHT TRAVEL THROUGHOUT THE UNITED STATES

Knowledge Skills and Abilities/Management Preferences

• Experience with data analysis and creating spreadsheets and reports.
• Ability to interpret laws, rules, regulations, industry standards, and accounting/reporting processes applicable to the money transmission and check-cashing industries.
• Ability to apply this knowledge to analyze financial records of licensees and identify areas of risk, material deficiencies, and violations of state and federal laws, regulations, and compliance.
• Proficiency in presenting concise, comprehensive, and accurate findings through both written products and oral presentation.
• Performance abilities include, but are not limited to the following: objectivity, time management, integrity, clarity (report writing and oral presentations), attention to detail, teamwork, professional presentation, initiative, and organizational sensitivity.
• Proficiency in the use of technology to include Microsoft Office (e.g., Word, Excel, PowerPoint, and Outlook). As well as ability to quickly learn existing in-house systems and emerging technologies.

Below Knowledge, Skills, and Abilities are preferred but not required:

• Working knowledge of the Nationwide Multistate Licensing System & Registry (NMLS).
• Working knowledge of BSA/AML, OFAC, and GLBA regulations.
• Working knowledge of reading and analyzing financial statements.
• Experience with virtual currency or digital assets
• Spanish-speaking

WORK ENVIRONMENT INVOLVES UP TO 80% OVERNIGHT TRAVEL THROUGHOUT THE UNITED STATES

Examiners may reside anywhere in the State of North Carolina. Examiners work a compressed work schedule (M-Th 10 hour days); however, some travel may be required on Sundays and Fridays.

RECRUITMENT RANGE: $55,000 - $90,000

Minimum Education and Experience

Some state job postings say you can qualify by an "equivalent combination of education and experience." If that language appears below, then you may qualify through EITHER years of education OR years of directly related experience, OR a combination of both. See the Education and Experience Equivalency Guide for details.

Contributing Level:

In addition to the above required knowledge, skills, and abilities, candidate must possess a bachelor's degree in a related field (accounting, banking, finance, business) and a minimum of two courses (at least 6 hours) of accounting or equivalent work experience.

Journey Level:

Journey-level applicants should possess the above AND at least three (3) years of examination experience or experience working for a money services business.

EEO Statement

The State of North Carolina is an Equal Employment Opportunity Employer and dedicated to providing employees with a work environment free from all forms of unlawful employment discrimination, harassment, or retaliation. The state provides reasonable accommodation to employees and applicants with disabilities; known limitations related to pregnancy, childbirth, or related medical conditions; and for religious beliefs, observances, and practices.

Recruiter:

Jenny E Toler

Recruiter Email:

JTOLER@NCCOB.GOV