DORA/Division of Securities: Financial/Credit Examiner I
This announcement may 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.
The Division of Securities exists to protect investors and maintain confidence in the securities market, while avoiding unreasonable burdens on the marketplace by licensing securities professionals, enforcing securities law violations, and helping Coloradans become more informed investors. The Examination Section work unit serves as an early warning system for investors by ensuring that securities firms are complying with the law and to prevent dishonest and unethical sales practices. This work unit accomplishes this mission through the examination and licensing of securities professionals and ensuring compliance with the securities laws. This work unit conducts field and desk (remote) examinations, or audits, and off-site monitoring of broker-dealers and investment advisers with the purpose of preventing and detecting unlawful behavior, and ensuring compliance with industry standards and rules. The result of the audit can include comment letters, recommendations for corrective action, and referrals to enforcement for revocation of license proceeding, or civil or criminal enforcement actions. The purpose of this work unit includes the licensure of securities broker-dealers, investment advisers, investment adviser representatives, and sales representatives as well as registering securities offerings and exemptions in Colorado.
Position: SLA 8542
The purpose of this position is to conduct field examinations, which include examining the books and records of licensees and to answer inquiries from the general public and the industry regarding the Colorado Securities Act, the Colorado Commodity Code, and the Colorado Municipal BondSupervision Act.
Duties include, but are not limited to:
-Responding to questions from the public regarding broker-dealers, investment advisers, and general securities inquiries;
-Responding to questions regarding Colorado securities laws from the regulated industry and other federal, state, and self-regulatory securities agencies;
-Preparing for each examination by performing analysis and due-diligence research tailored to the particular examinee;
-Conducting examinations of books and records of licensees that includes review and analysis of financial statements, general ledgers, and documents required by the Colorado Securities Act, rules under the Colorado Securities Act, and by federal regulations; and
-Requesting records, analyzing the records received, requesting additional information, and arriving at conclusions regarding whether the licensee's books and records are deficient in any aspect of securities laws and regulations.
MINIMUM QUALIFICATIONS (MQs):
- Graduation from an accredited college or university with a bachelor's degree in accounting, banking, economics, finance, mathematics, statistics, business or in a field of study related to the work assignment; and
- One year of professional* experience in the securities or financial industry performing any of the following:
- Internal auditing, compliance, sales, operations, and/or trade support;
AND/OR
- One year of professional* experience working in a government body performing any of the following:
- Conducting examinations and/or audits of financial institutions; and
- Examining financial records for accuracy, completeness, and compliance.
Document this experience in your application IN DETAIL, as your experience will not be inferred or assumed. Part-time experience will be prorated.
SUBSTITUTIONS:
- A combination of professional* work experience in the occupational field or specialized subject area of the work assigned to the job, which provided the same kind, amount, and level of knowledge acquired in the required education, may be substituted for the bachelor's degree on a year-for-year basis;
- A master's or doctorate degree from an accredited college may be substituted for the required professional* work experience on a year-to-year basis.
*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:
- Master’s degree in Business Administration or Juris Doctorate;
- Certified Public Accountant (CPA), Certified Internal Auditor (CIA) and/or Certified Fraud Examiner (CFE);
- Experience working with and knowledge of the Colorado Securities Act, and federal and state financial institution regulations;
- Auditing or examination experience with federal, state, and/or self-regulatory securities agencies;
- Experience providing excellent customer service internally and externally in person, by phone, electronically and by means of general correspondence;
- Experience working with various customers in the securities industry such as securities broker-dealers, investment advisers, and investment adviser representatives;
- Demonstrated experience working in a regulatory environment conducting audits and/or examinations on financial institutions;
- Demonstrated experience working in the public sector or in a government body;
- Demonstrated experience working in the securities industry ensuring compliance with policies and procedures;
- Demonstrated experience working in the securities industry as a salesperson and/or an advisor;
- Demonstrated experience conducting fraud investigations in a financial setting;
- Demonstrated database management and/or data analysis experience, including constructing Excel spreadsheets, as well as extracting, and/or synthesizing information from database systems; and
- Demonstrated experience with internal controls, risk assessments, business processes, and internal auditing.
APPLICATIONS MAY BE FILED ONLINE AT: