Money Transmitter Examiner Jobs

The Iowa Division of Banking is seeking candidates for a Money Transmitter Examiner position in our Finance Bureau. The IDOB strives to be an employer of choice by supporting work-life balance, providing the training and development necessary to maintain high standards, and supporting diversity. We employ a collaborative management style and seek open communication with staff and between IDOB and the entities we regulate. In addition, the Division is committed to utilizing technology to promote examination efficiencies and facilitate teleworking. Applicants need to be team oriented with strong analytical and communication skills.

The Iowa Division of Banking is a state agency charged with the supervision and regulation of state-chartered commercial banks and non-depository financial service providers conducting business in Iowa. Regulation of the non-depository financial service providers is through IDOB’s Finance Bureau. Entities regulated include debt management companies, delayed deposit businesses (payday lenders), loan companies, money services businesses, and mortgage bankers/brokers/loan originators/servicers/closing agents. The examiner position provides a great opportunity for an individual to participate in examinations designed to assess a financial service provider’s overall financial condition and compliance with laws and regulations.

Qualifications Required

• Experience with (or in the regulation of) a non-depository financial service provider regulated by the Finance Bureau is preferred but not required.
• A degree from an accredited four-year college or university with a major field of study in accounting, banking, business administration, business education, economics, finance, other business-related fields, or a bachelor’s degree in a computer-related field; or at least two years of experience with a bank or financial service provider, or as an examiner of a bank or financial service provider.
• Minimum of 6 hours of accounting.
• A cumulative grade point average (GPA) of 3.0 or higher.
• A valid driver’s license (travel required within Iowa).

The successful candidate(s) will conduct examinations of the non-depository financial service providers identified above and provide reports of those examinations to the licensed entity and a senior examiner within the finance bureau. Approximately 75 percent of an examiner’s time will be conducting off-site exams from their home – travel, including overnight, is required. Work assignments are performed under the direction and review of a senior examiner or the central office. Work products submitted will be technically correct and require no significant changes.

Requirements for the position and additional duties and responsibilities can be found on IDOB’s website on the Employment Opportunities page.

Salary is commensurate with experience within State of Iowa pay grade 39(-06) (which begins at $66,768.00). The State of Iowa offers a competitive benefits package. Information regarding State of Iowa benefits may be found at: https://das.iowa.gov/sites/default/files/hr/benefits/documents/Benefits_at_a_Glance.pdf

This is a non-merit position with the Iowa Department of Commerce Division of Banking. Candidates must follow the instructions in the "To Apply" section. Positions in this class are exempt from the screening and referral requirements of the Iowa Department of Administrative Services - Human Resources Enterprise.

Minimum Qualification Requirements

Graduation from an accredited four-year college or university with a bachelor's degree in accounting, banking, business education, real estate, business administration, economics or finance;

OR

experience in auditing, accounting, banking or examining financial institutions may be substituted for the required education on the basis of one year (thirty semester hours is equivalent to one year) up to a maximum substitution of four years.

For additional information, please click on this link to view the job description.

Additional Qualification Requirements

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