Financial Services Specialist 2 (Compliance), SG-23

New York State Department of Financial Services; New York (NY); On-site; USD 91,000 - 115,000; Full time

Benefits offered by this job

Downstate adjustment

Job summary

The New York State Department of Financial Services seeks to hire a Financial Services Specialist 2 in the Consumer Examinations Unit to advance a fair, data-driven regulatory approach that protects consumers and supports regulated entities.

The role involves leading team meetings, coordinating data analysis, and presenting findings to non-technical staff, with travel up to 10% and a path toward permanent appointment within DFS.

Qualifications

• Oversee junior staff.
• Ability to work independently and be resourceful with tools and information.
• Knowledge of Consumer Compliance Fair Lending and CRA regulations (a plus).
• Experience with MS Access and MS Excel.
• Strong qualitative, analytical, and communication skills with concise writing.

Responsibilities

• Lead team meetings.
• Address data issues, monitor data progress, ensure timely completion of data analysis.
• Act as a liaison between examiners and CEU’s data team.
• Assist Senior Specialists with statistical analysis in support of fair lending and other exams.
• Support the verification process of loan data in analyzing institutions’ consumer compliance, fair lending and CRA lending activities.
• Assist in the coordination of consumer focused examinations.
• Reviews fair lending plans of institutions requested by Licensed Financial Services and other DFS business units.
• May run call reports for exams.
• Presents initial, interim and final results of data analysis in a manner accessible to non-technical audiences.
• Analyzes exam findings with Fair Lending Specialists and examiners to determine patterns of discriminatory practices.
• Tests the accuracy, integrity and consistency of data received from institutions.
• Travel may be required up to 10%;
• Other duties as assigned.

Skills

Oversee junior staff

Independent work

Analytical thinking

Written communication

Education

Associate degree

Bachelor's degree

Master's degree

JD

PhD

Tools

MS Access

MS Excel

Job 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.

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

The Department of Financial Services is seeking candidates for the position of Financial Services Specialist 2 in the Consumer Examinations Unit. Duties include, but are not limited to, the following:

• Lead team meetings;
• Address data issues, monitor data progress, ensure timely completion of data analysis;
• Act as a liaison between examiners and CEU’s data team;
• Assists Senior Specialists with statistical analysis in support of fair lending and other exams;
• Supports the verification process of loan data in analyzing institutions’ s consumer compliance (CC), fair lending (FL) and Community Reinvestment Act (CRA) lending activities;
• Assists in the coordination of consumer focused examinations;
• Reviews fair lending plans of institutions requested by Licensed Financial Services (LFS) and other DFS business units;
• May run call reports for exams;
• Participates in the technical review, analysis, and examination of financial entities for compliance with related consumer protection laws and regulations;
• Presents initial, interim and final results of data analysis in a manner accessible to non-technical audiences, including the Department's non-technical staff and industry representatives;
• 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 required up to 10%; and
• Other duties as assigned.

Preferred Qualifications

Minimum Qualifications

• Ability to oversee junior staff.
• 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 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

Seven (7) 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. Ph.D. may substitute for seven 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 $90,582 with periodic increases up to $114,585

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