Department Information

This announcement will be used to fill multiple vacancies.

The Department of Regulatory Agencies (DORA) is dedicated to preserving the integrity of the marketplace and is committed to promoting a fair and competitive business environment in Colorado.

Consumer protection is our mission.

DORA Is a Progressive, Innovative Government Agency Where Employees And Customers Alike Are Valued. If You Are Interested In Becoming a Part Of An Environment Where Creative Thinking, Customer Service, And Protecting Consumers Through Healthy Regulation Is Valued, DORA Is The Place For You! In Addition To Rewarding, Challenging, And Meaningful Work, The State Of Colorado At The Department Of Regulatory Agencies Offers An Excellent Total Compensation Package Including
• Employer-sponsored RTD EcoPass, with offices located at Civic Center Plaza, above the RTD Civic Center station and just a few blocks from RTD light rail.
• Extensive work-life programs such as flexible schedules, training and professional development opportunities on a wide variety of subjects, and more!
• Employee wellness programs, including the Colorado State Employee Assistance Program (CSEAP), which provides free, confidential counseling services.
• Bike-to-work programs, including access to storage lockers and bike racks.
• Flexible retirement benefits, including a choice of the PERA Defined Benefit Plan or the PERA Defined Contribution Plan, plus optional 401K and 457 plans.
• Medical and Dental Health Insurance for employees and optional coverage for their dependents.
• Life Insurance for employees, and optional coverage for their dependents.
• Paid Time Off, including 10 paid holidays.
• Short- and long-term disability coverage.
• Tuition assistance program.

Description Of Job

The Colorado Division of Banking protects the public interest and preserves public trust in the Colorado banking industry by regulating the business of state-chartered commercial banks and trust companies, state-licensed money transmitters, and by enforcing the Public Deposit Protection Act. The examinations work unit exists to serve and protect the public interest by promoting a safe and sound financial institutions industry.

Position: SCA 2084

This position exists to determine safety and soundness of financial institutions by planning, organizing, and conducting regular examinations and performing off-site monitoring. This includes assisting the examiner-in-charge (EIC) during on-site examinations and performing off-site monitoring. During on-site examinations, the position prepares the work papers for the area assigned and determines if the information is sufficient for inclusion in the examination; interviews and investigates all areas of the bank; and communicates examination findings to the EIC.

Duties Include, But Are Not Limited To
• Preparing examination work papers for the area assigned;
• Interpreting banking statutes, rules, policies, and procedures to ascertain the institution’s compliance therewith, and cites violations of federal and state laws and regulations when appropriate;
• Evaluating complex data submitted by examined entities and analyzing operating practices to determine if safety and soundness concerns exist - including sample loan and investment securities for review, determining if the loan has been prudently underwritten, assessing its credit weakness, and reviewing reports to determine instrument’s credit quality;
• Ensuring the assignment is carried out in a timely and effective manner;
• Analyzing operating practices and determining if safety and soundness concerns exist;
• Recommending a rating for the component reviewed in accordance with the Uniform Financial Institutions Rating System (UFIRS);
• Preparing written reports that highlight both positive and negative ratios and trends; background developments that result in any major concerns and conclusions regarding the overall financial condition of the bank; and providing a written report on findings to caseload manager for review;
• Performing pre-exam scoping and determining what areas of the bank present the highest risk factors and what staffing resources are needed to adequately assess these risks through the examination process;
• May act as examiner-in-charge, which includes determining the examination procedures that will be completed during the examination and establishing the period for completion; preparing and reviewing complex examination work papers ensuring that the depth of review by assigned staff is sufficient to accurately assess the institutions' condition; and preparing the written report of examination;
• Providing interpretations of rules and regulations to examiners and institution management during the examination; AND
• Communicating examination findings with bank management and/or the board of directors and address management concerns and respond to the audience's questions during the exit meeting.

MINIMUM QUALIFICATIONS (MQs)

Minimum Qualifications, Substitutions, Conditions of Employment & Appeal Rights

There are two ways to qualify for this position: 1) Experience OR 2) A Combination of Education and Experience.

Option 1: Experience
• Seven (7) years of professional* domestic commercial bank or state/federal banking regulatory experience that includes two (2) of the following four (4):
• Determining safe and sound operating practices through examinations of domestic commercial banks;
• Assessing a bank's operating strategy and its effect on earnings, liquidity, interest-rate risk (IRR) exposure, and capital;
• Commercial bank credit analysis/underwriting, commercial lending, loan review, audit, compliance, and risk management;
• Bank accounting, internal/external auditing, and risk management.

Option 2: A Combination of Education AND Experience
• Bachelor’s Degree and Experience: Graduation from an accredited college or university with a bachelor's degree in accounting, business administration, economics, statistics or finance; AND
• Three (3) years of professional* domestic commercial bank or state/federal banking regulatory experience that includes two (2) of the following four (4):
• Determining safe and sound operating practices through examinations of domestic commercial banks;
• Assessing a bank's operating strategy and its effect on earnings, liquidity, interest-rate risk (IRR) exposure, and capital;
• Commercial bank credit analysis/underwriting, commercial lending, loan review, audit, compliance, and risk management;
• Bank accounting, internal/external auditing, and risk management.

OR
• Associate’s Degree and Experience: Graduation from an accredited college or university with an associate's degree in accounting, business administration, economics, statistics or finance; AND
• Five (5) years of professional* Seven (7) years of professional* domestic commercial bank or state/federal banking regulatory experience that includes two (2) of the following four (4):
• Determining safe and sound operating practices through examinations of domestic commercial banks;
• Assessing a bank's operating strategy and its effect on earnings, liquidity, interest-rate risk (IRR) exposure, and capital;
• Commercial bank credit analysis/underwriting, commercial lending, loan review, audit, compliance, and risk management;
• Bank accounting, internal/external auditing, and risk management.

Document this experience in your application IN DETAIL, as your experience will not be inferred or assumed. Part-time experience will be prorated.

Substitutions
• Partial credit toward the degree requirement will be given for completed college/university coursework that did not result in a degree. A master's or doctorate degree from an accredited college or university in a field of study related to the work assignment will substitute for the bachelor's degree requirement.
• Professional work involves exercising discretion, analytical skill, judgment and personal accountability and responsibility for creating, developing, integrating, applying, and sharing an organized body of knowledge that characteristically is: uniquely acquired through an intense education or training regimen at a recognized college or university; equivalent to the curriculum requirements for a bachelor's or higher degree with major study in or pertinent to the specialized field; and continuously studied to explore, extend, and use additional discoveries, interpretations, and application and to improve data, materials, equipment, applications and methods.

Preferred Qualifications
• Certified Public Accountant (CPA);
• Assessing a financial institution's operating strategy and its effect on earnings, liquidity, interest-rate risk (IRR) exposure, and capital;
• Experience performing audits and/or examinations in a domestic state/federally regulated commercial bank or in a domestic state/federal financial industry regulatory body;
• Experience in bank operations, including internal auditing, accounting, risk management, compliance, and credit analysis/underwriting loans;
• Demonstrated experience interpreting Colorado banking statutes, rules, and regulations;
• Experience working with and knowledge of the Uniform Financial Institutions Rating System (UFIRS);
• Demonstrated experience working in a commercial banking environment, strategizing and coordinating operations while ensuring compliance with laws;
• Demonstrated experience working in a commercial banking environment performing risk management and/or internal/external auditing;
• Auditing or examination experience with a state or federal financial institution regulatory body (e.g. Federal Deposit Insurance Corporation [FDIC], Federal Reserve Board [FRB], Office of the Comptroller of the Currency [OCC], or a state banking regulatory agency).

Required Competencies: The following knowledge, skills, abilities, and personal characteristics are required competencies and may be considered during the selection process (including examination and/or interview):
• Demonstrated verbal communication skills, including the ability to effectively convey information to audiences in a concise manner;
• Demonstrated writing skills, including the ability to convey information to various stakeholders in a clear, accurate, and concise written manner;
• Demonstrated attention to detail;
• Sound judgment and confidence in decision-making;
• Ability to read, understand, interpret, apply, and explain laws, rules, policies;
• Demonstrated ability to understand and abide by workplace principles, practices, and behaviors as internally identified and defined by the department;
• Critical thinking and analytical skills, including having the ability to evaluate and analyze reports and records in order to apply knowledge and ensure compliance;
• Interpersonal skills, including the ability to work effectively with stakeholders;
• Ability to identify solutions to complex problems;
• Customer service skills, including the ability to diplomatically interact with difficult customers and de-escalate;
• Problem-solving skills, including the ability to review and analyze information in order to recommend solutions;
• Demonstrated organizational skills, including planning, prioritization, time management in order to meet deadlines;
• Demonstrated creativity and flexibility, including the ability to adapt to shifting priorities and additional work assignments;
• Self-motivated, self-directed, reliable, and accountable;
• Demonstrated professional demeanor;
• Knowledge and understanding in the use of PC software applications including Microsoft Office (Access, Word, Excel, etc.), and Google Suite (Doc’s, Sheets, Slides, etc).

Conditions of Employment: Conditions of Employment: Candidates who fail to meet the conditions of employment will be removed from consideration.
• The successful passing of a reference check and/or, if required, a background check.
• A reference check may include but is not limited to: contacting previous and current supervisors to verify employment and discuss performance, a review of the personnel file, a review of the performance record, etc.
• The type of background check depends on the job duties of the position, and can include a review of any criminal record, credit report, and/or driving record.
• Effective September 20, 2021, employees will be required to attest to and verify that they are fully vaccinated for COVID-19. Upon hire, new employees will have three (3) business days to provide attestation to their status with proof of vaccination.
• Note: Fully Vaccinated means two (2) weeks after a second dose in a two-dose series of the COVID-19 vaccine, such as the Pfizer or Moderna vaccine, or two (2) weeks after the single-dose vaccine, such as Johnson & Johnson’s Janssen vaccine, as defined by the State of Colorado’s Public Health Order and guidance issued by the Colorado Department of Public Health & Environment.
• Travel is required up to 40% of the time.

Supplemental Information

PLEASE READ - Required Application Materials

Interested individuals must submit the following online:
• A completed State of Colorado Application (log-in to your current NeoGov account or create a NeoGov account to complete the online application). Note: Incomplete applications, including incomplete work history sections or "see résumé," "see attachment," or "see addendum" statements, will not be accepted in lieu of a completed application form.
• A current email address on your application, as all communication pertaining to this position will be conducted via email. Please set up your email to accept messages from [email protected] and '@state.co.us' addresses, and check your email often. Note: The department cannot guarantee the successful delivery of email, including incorrect filtering into junk mail folders.
• A detailed cover letter, explaining how you meet the required competencies and how your accomplishments, qualifications, skills, areas of expertise, personal characteristics, etc. make you a good fit for this position; you may also attach additional documents that demonstrate this.

Comparative Analysis Process: Structured Application Review

Part of, if not the entire, comparative analysis process for this position will involve a review of the information you submit in your application materials; Therefore, it is paramount that in the experience portion of your application and cover letter, you describe the extent to which you possess the education, experience, and competencies outlined in the job announcement as well as the required and/or preferred qualifications/competencies. You are also encouraged to attach additional documents to that effect. Failure to include adequate information or follow instructions may affect your score and prevent you from competing in subsequent measures used to arrive at a top group of applicants.

Veterans' Preference: Candidates who wish to assert Veterans' Preference should attach a copy of their DD-214 to their application. Failure to do so will result in being denied Veterans Preference.

PLEASE NOTE: Former State Personnel System employees who were disciplinarily terminated or resigned in lieu of termination must disclose this information on the application. Colorado Revised Statutes require that all state employees be hired and promoted through competitive examination of merit and fitness. Failure to include the required information, failure to follow instructions, and/or failure to submit materials by the application deadline may result in your application not being considered for the position and may affect your score or inclusion in the final pool of qualified candidates.

The State of Colorado believes that equity, diversity, and inclusion drive our success, and

we encourage candidates from all identities, backgrounds, and abilities to apply. The State

of Colorado is an equal opportunity employer committed to building inclusive, innovative

work environments with employees who reflect our communities and enthusiastically serve

them. Therefore, in all aspects of the employment process, we provide employment opportunities to

all qualified applicants without regard to race, color, religion, sex, disability, age, ****** orientation, gender identity or expression, pregnancy, medical condition related to pregnancy, creed, ancestry, national origin, marital status, genetic information, or military status (with preference given to military veterans), or any other protected status in accordance with applicable law.

DORA is committed to the full inclusion of all qualified individuals. As part of this

commitment, our agency will assist individuals who have a disability with any reasonable

accommodation requests related to employment, including completing the application

process, interviewing, completing any pre-employment testing, participating in the

employee selection process, and/or to perform essential job functions where the requested

accommodation does not impose an undue hardship. If you have a disability and require

reasonable accommodation to ensure you have a positive experience applying or interviewing for this position, please direct your inquiries to our ADAAA Coordinator, Rachael Alkayali, at [email protected] or call (303) 894-2441.

Appeal Rights

If you receive notice that you have been eliminated from consideration for this position, you may file an appeal with the State Personnel Board or request a review by the State Personnel Director.

An appeal or review must be submitted on the official appeal form, signed by you or your representative. This form must be delivered to the State Personnel Board by email, US Mail, faxed or hand-delivered within ten (10) calendar days from your receipt of notice or acknowledgment of the department’s action.

For more information about the appeals process, the official appeal form, and how to deliver it to the State Personnel Board go to spb.colorado.gov or refer to 4 Colorado Code of Regulations (CCR) 801-1, State Personnel Board Rules and Personnel Director's Administrative Procedures , Chapter 8, Resolution of Appeals and Disputes , at spb.colorado.gov under Rules.