Financial Crime Risk Manager (Supervising Risk Management Specialist, SG-31)

StateJobsNY; New York (NY); On-site; USD 131,000 - 160,000; Full time

Job summary

An established industry player is seeking a seasoned Financial Crimes Risk Manager to enhance their BSA/AML compliance efforts. This role involves overseeing examination activities, analyzing financial crime risks, and developing compliance policies. The ideal candidate will possess extensive experience in financial crime risk management and a strong understanding of regulatory requirements. Join a dynamic team dedicated to promoting a transparent and resilient financial system, where your expertise will directly contribute to safeguarding consumers and fostering economic growth. This permanent position offers a competitive salary and opportunities for professional development.

Benefits

Public Service Loan Forgiveness

Reasonable accommodations under ADA

Qualifications

• 9+ years of experience in financial crime risk management, compliance, or audit.
• Expertise in BSA, AML, and OFAC regulations.

Responsibilities

• Manage BSA/AML examination and supervisory activities.
• Analyze suspicious activities and monitor transactions.
• Present analysis and recommendations to leadership.

Skills

BSA/AML Compliance

Risk Management

Financial Crime Analysis

Policy Development

Education

Bachelor's Degree in Finance or Economics

Master's Degree (substitutes for 3 years of experience)

Job description

The New York State Department of Financial Services seeks to build an equitable, transparent, and resilient financial system that benefits individuals and supports business. Through engagement, data-driven regulation and policy, and operational excellence, the Department and its employees are responsible for empowering consumers and protecting them from financial harm; ensuring the health of the entities we regulate; driving economic growth in New York through responsible innovation; and preserving the stability of the global financial system.

Position: Financial Crimes Risk Manager (BSA / AML)

The Department is seeking seasoned senior candidates for the role of Financial Crimes Risk Manager within the Banking Division's BSA / AML unit. Key responsibilities include:

1. Supporting BSA / AML examination and supervisory activities, including planning, execution, and review processes for supervised entities.
2. Serving as an expert on BSA / AML and related matters.
3. Supporting oversight and surveillance by prioritizing issues requiring supervisory attention.
4. Reviewing and revising examination policies and procedures related to BSA / AML and sanctions.
5. Reviewing licensing and application processes for compliance with BSA / AML and OFAC regulations.
6. Explaining deficiencies and policy needs clearly in memoranda and conferences.
7. Consulting on examinations and supervisory reviews of DFS-regulated entities.
8. Analyzing suspicious activities and monitoring transactions.
9. Reviewing compliance with enforcement remediation requirements.
10. Staying current on legal and regulatory changes related to BSA, AML, and OFAC.
11. Presenting analysis and recommendations to colleagues and leadership.
12. Participating in setting and executing DFS policies on related compliance matters.
13. Managing the BSA / AML SME team and supervising staff.

Qualifications

Minimum Qualifications:

1. Experience evaluating financial crime risks (BSA / AML, CIP, OFAC, CTF) in management, compliance, or audit roles.
2. Experience developing and implementing risk management or compliance policies and programs.

Appointment Method:

Candidates must meet the following minimum qualifications:

• Non-Competitive: Bachelor's Degree and nine years of relevant experience in areas such as risk management, audit, or research/teaching in finance, economics, or mathematics.
• Substitutions: Degrees may substitute for years of experience as specified (e.g., Master's degree substitutes for three years).

Additional Details

Salary ranges from $131,256 to $159,784, with an additional $4,000 downstate adjustment for eligible counties. The position is permanent, with possible background checks and credential requirements. Employment is not sponsored for visas.

Application deadline: July 1, 2025. Submit resume and letter of interest via email, including Box SRMS-04211 in the subject line.

Note: Employment with the Department qualifies for Public Service Loan Forgiveness. For details, visit: https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service

The Department provides reasonable accommodations under the ADA for applicants with disabilities. All qualified applicants are encouraged to apply.