Trust Examiner

Job Description

The Iowa Division of Banking (IDOB) is seeking candidates for a trust examiner.  The successful candidate will conduct examinations of trust departments at state regulated banks and one trust company.  Significant travel – mostly within the state of Iowa – is required. As a result, central Iowa is the ideal location for the successful candidate.  The job description can be found below.

The IDOB strives to be an employer of choice by supporting work-life balance and providing the training and development necessary to maintain high standards.  We employ a collaborative management style and seek open communication with staff and between the IDOB and the entities we regulate.  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 in Iowa. The trust examiner position provides a great opportunity for an individual to participate in trust examinations designed to assess the soundness of a financial institution’s trust department and its compliance with laws and regulations.  The Iowa Division of Banking is committed to providing its employees with internal and external training opportunities to stay abreast of changes in regulations and the current challenges facing the banking and fiduciary industries.

Qualifications Required:

• A degree from an accredited four-year college or university with a major field of study in accounting, banking, business administration, commercial or banking law, economics, finance, business education, or another business-related field; or at least two years of experience in auditing, accounting, banking, examining financial institutions or in an occupation which provides knowledge of accounting or auditing principles and practices. A Juris Doctor degree from an accredited law school qualifies.
• A cumulative grade point average (GPA) of 3.0 or higher
• A valid driver’s license (travel is required)

Minimum requirements for the position, including competencies required, are outlined in the DAS job classification description for Financial Services Examiner, which can be found at: ­­­ Job Class Description - 00406 (iowa.gov)

Salary commensurate with experience within State of Iowa pay grade 39(-06) (which starts at $72,238.40).  The State of Iowa offers a competitive benefits package. Information regarding State of Iowa benefits may be found at Benefits_at_a_Glance.pdf.

How to Apply

If you wish to apply for this position, please send a cover letter, résumé, completed application form, and transcript to IDOBJobs@iowa.gov by 4:30 p.m. Monday, October 6, 2025. Please include the phrase “Trust Examiner Position” in the email subject line.  The IDOB’s employment application may be obtained here: Employment | Iowa Division of Banking (click on “Application for Employment”).

The Division reserves the right to accept applications after October 6, 2025, if the position has not been filled, but candidates should submit their application materials before the deadline to ensure their application is considered.

Position Summary

As directed by the Chief Examiner, the successful candidate will conduct and direct examinations of Iowa state-chartered bank trust departments and one trust company.  When not supervising/directing the examination, the employee assists in the examination of trust departments and one trust company.  Work assignments are performed under the direction and review of the Chief Examiner, or his/her designee, a designated examiner-in-charge (regardless of grade level), or the central office.  Work products submitted will be technically correct and require no significant changes.  Resolves daily operating and administrative problems with a moderate level of supervision.

Duties and Responsibilities

• Conducts the appraisal of trust department/company management and operations functions, audit quality, earnings and profitability, administrative compliance, and investment administration.
• Identifies and addresses risk factors and causes, unsafe and unsound practices, and violations of laws and regulations that have affected or may affect the condition and soundness of the financial institution or trust company.
• Assists in the examination of larger trust departments/company and may be responsible for segments of, or an entire examination component of the overall examination scope (i.e., Management; Operations, Internal Controls and Auditing; Earnings; Compliance; or Asset Management).
• Develops and recommends corrections of weaknesses and deficiencies in institution operations, management, policies, or other areas subject to criticism.
• Prepares and submits to the Chief Examiner confidential reports of examination that render a complete, concise, and factual presentation of the bank’s fiduciary affairs and conditions, within two weeks from the conclusion of the on-site examination.
• Meets with officers and/or directors of financial institutions as needed to discuss examination findings, discuss corrective programs, and obtain commitments for correction of deficiencies.
• As directed by the Chief Examiner, coordinates joint trust examination activities with other regulatory agencies as circumstances dictate.
• Maintains knowledge by keeping abreast of developments in both trust legislation and the trust industry.
• Assists in on-the-job training of trust examiners of lesser experience.
• Provides feedback to the appropriate supervisory personnel on the performance of employees assigned to the employee at individual examinations.
• Participates in, and may conduct, the examination of state-chartered bank trust departments and trust company for compliance with laws, rules, and regulations.
• Serves on detail assignment to administrative office to perform other duties.
• Conducts meetings as warranted with insured depository institution officials and/or boards of directors to discuss the findings of the examination, discuss corrective programs, and obtain commitments for correction of deficiencies.
• Maintains confidentiality for all information provided by banks, trust company, federal regulators and Division of Banking staff.
• Participates in the periodic review of examination procedures.
• Provides summaries, both oral and written, of examination findings to trust and senior bank management as appropriate.
• Makes visits to bank trust departments for specific supervisory purposes.
• Participates in examinations with other examiners approximately 50% of the time, and conducts examinations as the only examiner approximately 50% of the time.
• Performs other assignments as the needs of the Division of Banking dictate.
• Travel, including overnight, is required.