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The Department of Insurance and Financial Services (DIFS) is seeking an individual to work in public service as an Examiner in the Office of Consumer Finance. This position is an opportunity to build a lifelong career doing work that truly matters - helping to protect consumers and maintain public confidence in Michigan’s financial services industry.

The right candidate will play an important role in the Office of Consumer Finance’s work to regulate companies that millions of Michiganders rely on daily, including mortgage companies, motor vehicle finance companies, money transfer services, payday lenders, and other consumer financial services companies. Working individually and collaboratively as a team, you will conduct examinations of financial services companies and ensure they comply with state and federal regulations. At the Examiner level you will be responsible for assisting and serving as Examiner-In-Charge during examinations and investigations of the non-depository financial institutions and mortgage loan originators supervised by the Office of Consumer Finance. 

Ideal candidates will have:

  • The drive to serve Michiganders and make a difference in an important role that supports Michigan individuals and businesses.
  • The desire to travel to diverse work locations for examinations, training opportunities, and conferences.
  • The ability to thrive in a dynamic, collaborative, high-tech environment while demonstrating sound professional judgement and decision-making.
  • A curious and analytical mind capable of analyzing complex statutes, policy forms, and converting this information into an easy to understand, consumer friendly format.
  • The ability to communicate clearly, concisely, and effectively both orally and in writing.
  • The desire to work closely with colleagues and management to solve problems.
  • The ability to work well both independently and within a team.

Other job features:

  • Participation in webinars, conference calls, and employee development training.
  • DIFS is looking for a team member who has an interest in helping others, who wants to learn and grow as a professional, and who wants to enjoy all the exciting things life in Michigan has to offer. The State of Michigan has been recognized as a leading U.S. employer by new graduates from 2021-2023 and a best large U.S. and state employer. Recognized on the international stage for fostering positive employee engagement, the State of Michigan is a past recipient of a North America Government Agency Employees Engagement Award.
  • This position provides competitive pay, retirement, health, vision, and dental benefits.

For more information about this posting, click  HERE (Download PDF reader)

Work Location: This is a remote position based in Michigan. In-state and out-of-state travel, including overnight, is required. You will oversee and manage an examination team that performs examinations at locations in Michigan and throughout the U.S., and complete assignments at your official workstation (i.e., home).

Work must be performed in the state of Michigan. If you currently reside outside of Michigan, you must relocate to Michigan to perform the duties of this position. Relocation expenses are not reimbursed.

Please submit a cover letter, resume, a list of professional references (minimum of 3), a copy of official college transcripts and a writing sample.

An "official college transcript" must contain the college/university name and address, the degree conferred, and date granted, coursework completed, and the Registrar's signature and/or seal. A scanned or electronic copy is acceptable, as long as it contains the elements listed above. The college/university does not have to send the transcripts directly to DIFS. 

Failure to attach the requested documents may result in your application being screened out.

The use of artificial intelligence (AI) software of any kind is prohibited in all areas of the selection process; including, but not limited to, responses to application questions, and responses to interview questions or exercises. Any applicant that is suspected of using AI software for any portion of the selection process may be screened out.

DIFS is a Gold-Level Veteran-Friendly Employer, committed to recruiting, training, and retaining veterans and their spouses.

Required Education and Experience

Education 

Possession of a bachelor's degree with a business major including completion of a business core curriculum consisting of one course each in finance, law, and management, one course in either marketing or economics, and 6 semester (9 term) credits in accounting.

Experience

Financial Institution Examiner 9

No specific type or amount is required.

Financial Institution Examiner 10

One year of professional experience evaluating and determining safe and sound operating practices through examinations, visitations or investigations of state chartered depository or state licensed non-depository financial institutions or financial examinations of state licensed insurance companies in accordance with state and federal statutes equivalent to a Financial Institution Examiner 9.

Financial Institution Examiner 11

Two years of professional experience evaluating and determining safe and sound operating practices through examinations, visitations or investigations of state chartered depository or state licensed non-depository financial institutions or financial examinations of state licensed insurance companies in accordance with state and federal statutes equivalent to a Financial Institution Examiner, including one year equivalent to a Financial Institution Examiner 10.

Alternate Education and Experience

Financial Institution Examiner 9

Possession of a bachelor's degree in any major

AND

Two years of an equivalent type of professional financial institution or insurance industry experience. Relevant industry experience varies by position and may include: financial institution commercial credit analysis/underwriting, commercial lending, loan review, audit, compliance, and risk management; or insurance accounting, internal/external audit, actuarial and risk management; as well as oversight of such functions.

Financial Institution Examiner 10

Possession of a bachelor's degree in any major

AND

One year of professional experience as a financial institution examiner or specialist for a federal financial regulatory agency, FDIC, a Federal Reserve Bank, NCUA, Comptroller of the Currency, other federal or out-of-state financial or insurance regulatory agencies;

OR

Three years of an equivalent type of professional financial institution industry experience. Relevant industry experience varies by position and may include: financial institution commercial credit analysis/underwriting, commercial lending, loan review, audit, compliance, and risk management; or insurance accounting, internal/external audit, actuarial and risk management; as well as oversight of such functions. 

Financial Institution Examiner P11

Possession of a bachelor's degree in any major

AND

Two years of experience as a professional financial institution examiner or specialist for a federal financial regulatory agency, FDIC, a Federal Reserve Bank, NCUA, Comptroller of the Currency, other federal or out-of-state financial or insurance regulatory agencies;

OR

Four years of an equivalent type of professional financial institution industry experience. Relevant industry experience varies by position and may include: financial institution commercial credit analysis/underwriting, commercial lending, loan review, audit, compliance, and risk management; or insurance accounting, internal/external audit, actuarial and risk management; as well as oversight of such functions.

Additional Requirements and Information

View the entire job specification at: https://www.michigan.gov/mdcs/-/media/Project/Websites/mdcs/JOBSPECS/F/FinancialInstitutionsExaminer.pdf (Download PDF reader)

Accommodations
If you require a reasonable accommodation to participate in the application or selection processes, please contact the ADA coordinator (Download PDF reader) for the agency that posted this position vacancy.