Information Technology Examiner I
Recent and soon-to-be graduates are encouraged to apply to our Examiner Openings! Candidates are required to apply via the linked MassCareers application to be considered for the position.
Description
All applicants should attach a cover letter and resume to their online submission for this position.
The Division of Banks is currently accepting applications for the position of Information Technology Examiner I in the Cybersecurity / Information Technology / Fintech examination unit. The filling of this position is subject to appropriation and obtainment of all necessary approvals from the Office of Consumer Affairs and Business Regulation and the Executive Office for Administration and Finance. The Division reserves the right not to fill this position without notice. This position will report directly to the Director of Cybersecurity / Information Technology / Fintech.
The mission of the Division of Banks is to ensure a sound, competitive, and accessible financial services environment throughout the Commonwealth. The Division maintains public confidence in Massachusetts financial institutions through the oversight of state-chartered banks and credit unions and the supervision and licensing of mortgage loan originators, the mortgage lending, brokering, servicing industries, and the money services business, sales finance, and debt collection industries operating in Massachusetts. The majority of the Division's employees are Examiners who conduct a variety of on-site and off-site examinations of financial institutions and licensed entities under the Division's jurisdiction.
In addition to the competitive Commonwealth employee benefits which include generous leave policies and tuition remission at state colleges, the Division is proud to offer flexibility in work scheduling and location during the current COVID-19 emergency with continuing flexibility as we adjust to the future of work. We also offer a progressive training program and career advancement opportunities within the agency.
The Information Technology Examiner I examines the records of depository financial institutions (banks and credit unions) and non-depository financial institutions (mortgage lenders, mortgage brokers, debt collectors, loan servicers, finance companies, foreign transmittal companies, check cashers, and check sellers) to ensure they adhere to sound practices and applicable laws, rules, and regulations. The Information Technology Examiner I requires an understanding of IT/cybersecurity oversight including: applicable laws and regulations, FFIEC IT/ cybersecurity guidance, and cybersecurity frameworks such as ISO 27001/27002, PCI DSS, CIS Critical Security Controls, and the NIST Framework for Improving Critical Infrastructure Security. The Information Technology Examiner I participates in the examination process, compiles and analyzes documents, and prepares reports on findings.
The Information Technology Examiner I is hybrid and located based on assignment, often onsite at an institution or at one of the Division’s four offices (Boston, Lakeville, Woburn, or Springfield), or telework. The position requires both travel throughout the Commonwealth of Massachusetts and travel out-of-state with some overnight stay.
The Division of Banks is committed to ensuring a diverse and inclusive workplace where all employees feel respected, valued, and empowered to maximize their skills and talents to serve our citizens.
The Division of Banks is committed to creating and sustaining a work culture that is welcoming, inclusive, and mutually respectful to all its employees regardless of race, color, age, creed, religion, national origin, ethnicity, sex, gender identity or expression, sexual orientation, genetic information, veteran or disability status. We strive to reflect diversity in all facets and levels of our agency. The Cybersecurity / Information Technology / Fintech examination unit values inclusiveness and diversity within their examination and management teams. Within our community we strive to create and maintain working and learning environments that are inclusive, equitable, and welcoming.
Primary Duties:
- Assist in the analysis of financial institutions by analyzing information technology documents and reports; reviewing policies and procedures; performing analyses on data collected in order to determine compliance with Interagency Standards Established for Safeguarding Customer Information; determining proper safeguards and internal controls; assessing compliance with applicable laws, rules and regulations; and conducting meetings with financial institution management.
- Assist in the analysis of non-depository financial institutions by analyzing information technology documents and reports: reviewing policies and procedures; performing analysis of data collected in order to determine compliance with Standards for the Protection of Personal Information of Residents of the Commonwealth (201 CMR 17); determining proper safeguards and internal controls; assessing compliance with applicable laws, rules and regulations; and conducting meetings with institution management.
- Assess technology risk at financial institutions by analyzing the information security program and information technology risk management practices to ensure practices mitigate industry risk.
- Assist in the preparation of sections of the Examination Report and detailed work papers in an accurate and timely manner. Confer with other state and federal agencies and audit/consulting firms as part of the examination process.
- Conduct or participate in formal exit meetings and presentations to the Board of Directors, including the preparation of agendas and handout materials.
- Act as an examiner-in-charge of Information Technology examinations by planning, organizing, and supervising examinations of less-complex financial institutions.
- Participate in formal and on-the-job training in order to develop and acquire the knowledge, skills, and abilities necessary to facilitate the examination process.
- Other duties, as assigned or requested especially pertaining to Fintech activities such as cryptocurrency.
Preferred Qualifications:
- Experience or education in information technology, auditing, or consulting across any of the critical infrastructures, particularly financial institutions.
- Knowledge and experience with cybersecurity frameworks.
- Familiarity with information security and technology and/or financial services risk assessments or compliance
- Demonstrated commitment to valuing diversity and contributing to an inclusive working and learning environment.
The non-negotiable annual salary for this position is $55,469.70 (NAGE Unit 6, Grade 10, Step 1).
Qualifications
This requisition will remain open until filled; however, first consideration will be given to those applicants that apply within the first 14 days.
Minimum Entrance Requirements:
Applicants must have (A) at least one year of full-time, or equivalent part-time, professional experience in accounting, auditing, or bank examining work, or (B) any equivalent combination of the required experience and the substitutions below.
Incumbents are required to have a current and valid Motor Vehicle Drivers License at a Class level specific to assignment.
Substitutions:
I.A Bachelors or higher degree with a major in accounting, business administration, business management, banking or finance may be substituted for the required experience.*
*Education toward such a degree will be prorated on the basis of the proportion of the requirements actually completed.
Comprehensive Benefits
When you embark on a career with the Commonwealth, you are offered an outstanding suite of employee benefits that add to the overall value of your compensation package. We take pride in providing a work experience that supports you, your loved ones, and your future.
Want the specifics? Explore our Employee Benefits and Rewards!
Executive Order #595: As a condition of employment, successful applicants will be required to have received COVID-19 vaccination or an approved exemption as of their start date. Details relating to demonstrating compliance with this requirement will be provided to applicants selected for employment. Applicants who receive an offer of employment who can provide documentation that the vaccine is medically contraindicated or who object to vaccination due to a sincerely held religious belief may make a request for exemption.
An Equal Opportunity / Affirmative Action Employer. Females, minorities, veterans, and persons with disabilities are strongly encouraged to apply.
The Commonwealth is an Equal Opportunity Employer and does not discriminate on the basis of race, religion, color, sex, gender identity or expression, sexual orientation, age, disability, national origin, veteran status, or any other basis covered by appropriate law. Research suggests that qualified women, Black, Indigenous, and Persons of Color (BIPOC) may self-select out of opportunities if they don't meet 100% of the job requirements. We encourage individuals who believe they have the skills necessary to thrive to apply for this role.