Bank Bureau Chief

Job Description

This is a non-merit position. Candidates must follow the instructions in the "To Apply" section. 

This position is open to current Iowa Division of Banking employees only.

The Bank Bureau Chief manages the operation of the Iowa Division of Banking’s Bank Bureau, supervising multiple financial services supervisors and subordinate personnel. This individual is responsible for ensuring bank examinations, holding company inspections, and bank monitoring processes are conducted and are performed consistent with laws, operations, and practices. Travel is required.

Primary duties:

• Supervises and evaluates the work of subordinates; recommends personnel actions related to selection, disciplinary procedures, performance, leaves, grievances, work schedules, and assignments; administers personnel policies and procedures.
• Participates in communicating the vision, mission, goals and objectives and requiring compliance with the policies and procedures.
• Oversees the scheduling of examinations of financial institutions in cooperation with federal financial regulatory agencies for completion of examinations on a timely and efficient basis.
• Participates in monitoring the progress of financial institution management in complying with all reports and all action plans developed to resolve problems and reduce risks.
• Participates with examination personnel and analysts in identifying problem financial institutions and those which may become problem financial institutions and developing action plans for correction of operational deficiencies.
• Maintains cooperative relationships with federal supervisory agencies and with other state agencies.
• Manages an ongoing review and revision of financial institution examination and examination review policies, processes and procedures as needed in keeping with changes occurring in the financial business.
• Oversees the performance review process for bureau personnel and in development and maintenance of training programs for bureau personnel.
• Participates with the CFO in preparation of monthly and annual budgets for the bureau and in monitoring the performance of the bureau in comparison with such budgets.
• Participates in fixing fees charged by the Division for examination and supervision of state financial institutions supervised by the bureau.
• Refers questions or problems not specifically covered by law, regulation or policy to legal counsel, including the appropriate office of the Attorney General of Iowa.
• Serves as liaison and principal communication link between office and financial services examination field personnel.
• Participates in meetings with financial institution employees, accountants, attorneys, examiners and others relating to the examination, supervision and regulation of state financial institutions, proposals to organize new state financial institutions, and proposals to merge, consolidate, establish offices, change locations, etc.
• Ensures that subordinates are interpreting laws, rules, regulations and policies of the Division accurately and possess a working knowledge and understanding of other laws, regulations and policies used or referred to in the operation of the Division.
• Acts as a principal advisor to the Superintendent in all matters relating to the regulation and supervision of state financial institutions and recommends changes in the law, regulations and policies as deemed necessary and appropriate.
• Participates in the conduct of the operations of the Division as a member of the Senior Management Team, and Bureau Management Team.

Expectations
• Strong leadership and management capabilities.
• Strong analytical and communication skills (verbal and written).
• Ability to maintain solid working relationships with federal regulators, other state financial regulators, CSBS, and other state agencies.
• Solid knowledge of banking rules and regulations.
• Ability to make sound judgments and decisions independently.
• Capacity to manage frequent interruptions and work efficiently with minimal supervision.
• Eagerness to assume additional responsibilities.
• Ability to travel within and outside the State of Iowa.
• Physical presence in Des Moines office upon a schedule mutually agreed with the Superintendent. The position’s official domicile for travel expense purposes will be Des Moines.
• Required competencies and minimum qualifications.

E-Verify and Right to Work
The State of Iowa participates in E-Verify, a federal program that helps employers confirm the employment eligibility of all newly hired employees. Within the required timeframe, new hires will be verified through the E-Verify system to ensure authorization to work in the United States. The State of Iowa also complies with the federal Right to Work laws, which protect employees’ rights to work without being required to join a labor organization. For more information, please visit www.e-verify.gov.

Minimum Qualification Requirements

Applicants must meet at least one of the following minimum requirements to qualify for positions in this job classification:  

1. Graduation from an accredited four-year college or university with a degree in accounting, banking, business, real estate, administration, economics, finance, or a related field, and experience equal to eight years of full-time work in accounting, auditing, banking, budgeting, assessment or computation of taxes, examining financial institutions, financial regulatory 
compliance, or closely related financial functions (e.g., treasurer, comptroller, accountant, auditor, budget analyst, etc.).
2. A total of twelve years of education (as described in number one) and/or full-time experience, where one year of full-time experience in accounting, auditing, banking, budgeting, assessment or computation of taxes, examining financial institutions, financial regulatory compliance, or closely related financial functions (e.g., treasurer, comptroller, accountant, auditor, budget analyst, etc.) equals thirty semester hours of education.
3. All of the following (a, b, and c):
a.    Six years of full-time work experience accounting, auditing, banking, budgeting, assessment or computation of taxes, examining financial institutions or closely related financial functions (e.g., treasurer, comptroller, accountant, auditor, budget analyst, etc.).; and
b.    A total of four years of education and/or full-time experience (as described in part a), where thirty semester hours of accredited college or university coursework in any field equals one year of full-time experience; and
c.    A total of two years of graduate-level education and/or full-time experience (as described in part a), where twenty-four semester hours of accredited graduate college or university coursework in accounting, banking, business administration or finance equals one year of full-time experience.

Additional Qualification Requirements

Notes
Travel, including overnight travel, may be required for positions in this class.  Employees must arrange transportation to and from assigned work areas. 

Benefits

Agency Information

EmployerState of IowaAgency 213 Department of Insurance & Financial Services - Banking Address 200 E Grand Ave, Ste 300

Des Moines, Iowa, 50309 Website https://idob.iowa.gov