Financial Services Specialist 1 (Compliance), SG-18

New York State Department of Financial Services; New York (NY); Sur place; USD 70 000 - 89 000; Plein temps

Résumé du poste

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

Qualifications

• Ability to work independently and be resourceful using tools and information.
• Knowledge of Consumer Compliance Fair Lending and CRA regulations is a plus.
• Experience in data/statistical analyses.
• Experience with MS Access and MS Excel.
• Strong qualitative, analytical and concise written communication.

Responsabilités

• Assists Senior Specialists with statistical analysis in support of fair lending exams.
• Supports verification of loan data for consumer compliance, fair lending and CRA lending.
• Helps coordinate fair lending examinations.
• Reviews fair lending plans of institutions requested by DFS units.
• May run call reports for exams.
• Analyzes exam findings with specialists to identify discriminatory patterns.
• Tests data accuracy and integrity from institutions.
• Travel may be up to 10%.
• Other duties as assigned.

Connaissances

Statistical analyses

Independently work

Communication skills

Independent resourcefulness

Attention to writing concisely

Formation

Associate degree

Bachelor's degree substitutes for experience

Master's degree substitutes for experience

J.D. substitutes for experience

Outils

MS Access

MS Excel

Description du poste

Duties 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.

Description

Duties 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.

Duties

• Assists Senior Specialists with statistical analysis in support of fair lending and other exams;
• Supports the verification process of loan data in analyzing institution’s consumer compliance (CC), fair lending (FL) and Community Reinvestment Act (CRA) lending activities;
• Assists in the coordination of fair lending examinations;
• Reviews fair lending plans of institutions requested by Licensed Financial Services (LFS) and other DFS business units;
• May run call reports for exams;
• Analyzes exam findings with Fair Lending Specialists and examiners to determine whether patterns of discriminatory practices exist;
• Tests the accuracy, integrity and consistency of data received from institutions;
• Travel may be up to 10%; and
• Other duties as assigned.

Preferred Qualifications

• Ability to work independently and be resourceful in utilizing tools and information.
• Knowledge of Consumer Compliance Fair Lending and Consumer Reinvestment Act regulations and examination requirements, a plus.
• Experience in data/statistical analyses.
• Experience with MS Access and MS Excel.
• Strong qualitative, analytical and communication skills with a focus on writing concisely.

Minimum Qualifications

• Ability to work independently and be resourceful in utilizing tools and information.
• Knowledge of Consumer Compliance Fair Lending and Consumer Reinvestment Act regulations and examination requirements, a plus.
• Experience in data/statistical analyses.
• Experience with MS Access and MS Excel.
• Strong qualitative, analytical and communication skills with a focus on writing concisely.

Appointment Method

Candidates must meet the minimum qualifications listed below in order to be eligible for appointment.

Non-Competitive

Six (6) years of specialized experience in one (1) or more of the following:

• Evaluating the adequacy of board and management oversight of the financial institutions' compliance programs.
• Reviewing lending, deposit, insurance and other transactions to determine compliance with Financial Service’s applicable laws/regulations.
• Identifying financial institutions' potentially unfair, deceptive, abusive or discriminatory acts or practices.
• Reviewing financial institution programs, policies and procedures for compliance with legal and regulatory requirements.
• Evaluating financial costs for the failure of financial services entities to adhere or comply with New York State, federal, or other states financial services laws.

An associate degree may substitute for two years of specialized experience; bachelor's degree may substitute for four years of specialized experience; master's degree may substitute for five years of specialized experience; J.D. may substitute for six years of specialized experience.

Additional Comments

Please note that a change in negotiating unit may affect your salary, insurance and other benefits.

Salary: The starting salary for this position is $69,964 with periodic increases up to $88,970

Positions located within the New York City metropolitan area, as well as Suffolk, Nassau, Rockland, and Westchester Counties, are also eligible to receive an additional $4,150 annual downstate adjustment.

Appointment Status: Permanent