Management and policy-making power of the Division is vested in the Director of the Department of Financial Institutions and the Director of Consumer Services. The Department and Division Director are responsible for the administration of the laws, regulations, and policies currently in force. The Director of Consumer Services exercises general supervisory control over the approximately 70 employees of the Division including program managers, financial legal examiners, financial examiners, and administrative staff, and also serves as a member of DFI’s Executive Management Team setting policies and strategic direction for the agency as whole.
This position plans and directs licensing, examination, and enforcement activities of the division to accomplish the statutory objectives of protecting the public by overseeing compliance with state and federal laws. Portions of this work are performed in coordination with other states and appropriate federal agencies, including the Consumer Financial Protection Bureau, the Federal Trade Commission, and the Office of Housing and Urban Development.
This position exercises broad statutory discretion over laws and regulations involving non-depositary financial institutions and is expected to participate in national and state regulatory associations setting policy and direction in a rapidly changing financial services environment.
This position is exempt and reports to the Agency Director.
We seek candidates who are experienced regulators, and have taken lead roles in enforcement cases or have had litigation experience. Ideal candidates possess a broad knowledge of laws and policies impacting mortgage banking, mortgage servicing, mortgage brokering, consumer loan companies, escrow agents and officers, check cashers and sellers, payday lenders, and money transmitters. Candidates must have the ability to adapt quickly to the myriad of changes occurring in industries that DFI regulates. A degree from an accredited law school is strongly desired.
Candidates must have strong negotiating and consensus building skills to work with stakeholders on legislation and policy issues and to negotiate with legal counsel representing respondents in Division enforcement actions. Candidates will be active in regulatory associations and participate in establishing regulatory direction and policy for newly emerging markets, services, and payment systems.
Additional qualifications include:
Strong management experience and knowledge of strategic planning processes including business planning, budget development and administration, performance measurement and management, quality process planning and other management principles.
Strong analytical skills to resolve complex interpretive issues involving the application of numerous federal and state statutes and regulations.
Understanding of the laws and policies affecting entrepreneurs and small businesses in the process of capital formation.
Excellent written and oral communications skills and must be an effective public speaker, advocate, and negotiator.
Good decision making skills and ability to exercise sound judgment because of very broad statutory authority.
Ability to multi-task working with problems in numerous diverse areas.
Strong personnel management skills.
Proficiency with MS Office software such as Word, Excel, and Outlook. MS Project experience highly desired.
The following experience is preferred, but not required:
Financial outreach and financial literacy education.
Familiarity with on line financial services and mobile applications pertaining to current and emerging payments systems.
Previous experience working in an agency or organization with a focus on regulation of financial service providers.
A broad working knowledge of the Civil Service rules and the state personnel system.
Additional Salary Information: Depending on Qualifications
Internal Number: 1910CSDIR11
About WA State Dept of Financial Institutions
The Washington State Department of Financial Institutions (DFI) provides regulatory oversight for our state's financial service providers. DFI's mission is to regulate financial services to protect and educate the public and promote economic vitality. It does this through four core activities: chartering, licensing and registration; enforcement; examination; and education and public outreach.