Review Vacancy

Date Posted: 04/05/22
Applications Due: 05/24/22
Vacancy ID: 102230

Position Information

AgencyFinancial Services, Department of

TitleDirector of Groupwide Supervision for Life

Occupational CategoryOther Professional Careers

Salary Grade33

Bargaining UnitM/C - Management / Confidential (Unrepresented)

Salary RangeFrom $133385 to $161178 Annually

Employment Type Full-Time

Appointment Type Permanent

Jurisdictional Class Non-competitive Class

Travel Percentage 0%

Schedule

Workweek Mon-Fri

Hours Per Week 37.5

Workday

From 9 AM

To 5 PM

Flextime allowed? No

Mandatory overtime? No

Compressed workweek allowed? Yes

Telecommuting allowed? Yes

Location

County New York

Street Address One State Street

City New York

StateNY

Zip Code10004

Job Specifics

Minimum Qualifications Appointment Method:

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

Non-Competitive: A Bachelor’s Degree in accounting, actuarial sciences, auditing, banking, business, business administration, business and technology, commerce, computer information systems, computer science, consumer sciences, criminal justice, cyber security, econometrics, economics, finance, financial administration, health, health administration, information systems, information systems engineering, information technology, internal controls, international or public affairs, law, market analysis, mathematics, public administration, public policy, risk management, statistics, taxation, or technology and eight (8) years of financial services experience with: 1) a regulated entity who has a regional, national and/or international presence; or 2) a governmental regulatory entity. This experience must include practical and technical knowledge about State, federal and/or international financial services laws, rules, and regulations. Three (3) years of the experience must have been at a managerial level.

Substitutions: A J.D. or a master’s degree may substitute for one (1) year of specialized experience; and a Ph.D. may substitute for two (2) years of specialized experience.

Duties Description The Department of Financial Services (DFS) is seeking a candidate to fill the position of Director of Groupwide Supervision for the Life Bureau. The position will report to the Deputy or Assistant Deputy Superintendent of Life. The position will be responsible for supervising significant and complex large insurance companies with operations across multiple lines of business and jurisdictions, including coordinating DFS’s supervisory efforts with respect to activities of these insurers.

Duties will include, but not be limited to, some or all of the following:

• Plans examinations of specified insurers across the breadth of its operations, including their non-insurance holding company(ies), and establishing appropriate lines of communication;
• Provides expertise and leadership for DFS’s role as Group Wide Supervisor working across the Life Bureau;
• Plans and coordinates Supervisory Colleges and Crisis Management Groups of specified insurers;
• Reviews Internationally Active Insurance Groups (IAIG’s) or other large insurers’ implementation of Insurance Core Principles (ICP’s), including ComFrame;
• Works with insurers on the National Association of Insurance Commissioners (NAIC) Group Capital Calculation;
• Participates on and/or representing DFS on NAIC committees and working groups;
• Develops and implements a macroprudential risk assessment system to identify and assess industry wide insurance risks;
• Manages and oversees DFS staff and/or outside vendors in the examination of specified insurers, and may assist in examinations when necessary;
• Reviews the work of subordinates, including the review of work assignments and work plans, and monitoring progress and ensuring professionalism;
• Other duties as assigned.


Preferred Qualifications:

• Experience in insurance regulatory matters (both U.S. and non-U.S.), including NAIC and IAIS initiatives on supervisory recognition;
• Experience with NAIC Group Capital, ICP’s, Comframe and the holistic framework;
• Extensive regulatory and accounting experience including previous collaboration with other states and interacting with the NAIC;
• Understanding of insurance macroprudential risks and related supervisory expectations;
• Extensive business experience and a thorough understanding of the insurance business industry;
• Comprehensive understanding of financial issues relating to large insurance companies;
• Superior written and oral communication skills;
• Strong analytical skills; and
• Demonstrated ability to manage human capital and other resources to support short and long-term priorities.

Additional Comments *Please note that 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 $3,026 annual downstate adjustment.

Appointment to this position is pending Governor Appointment’s Office and Division of Budget approval.

Some positions may require additional credentials or a background check to verify your identity.

Contact Information

Name Thomas Hurd

Telephone

Fax (518) 402-5071

Email Address nce.notifications@dfs.ny.gov

Address

Street 99 Washington Avenue, Suite 301

City Albany

State NY

Zip Code 12257

 

Notes on ApplyingTo Apply: Interested qualified candidates must submit a resume and letter of interest no later than May 31, 2022, to the email address listed below. Please include (Box DGWS-10078) in the subject line of your email to ensure receipt of your application. Email submissions are preferred.


Thomas Hurd
Box DGWS-10078
New York State Department of Financial Services
Office of Human Resources Management
One Commerce Plaza, Suite 301
Albany, NY 12257
Email: nce.notifications@dfs.ny.gov
Fax: (518) 402-5071

Please note that not all applicants may be scheduled for an interview.


AMERICANS WITH DISABILITIES ACT: REASONABLE ACCOMMODATIONS
Under the Americans with Disabilities Act (ADA), the Department of Financial Services is required to provide reasonable accommodation for known physical or mental limitations of an otherwise qualified applicant with a disability if an accommodation would enable the applicant to perform the essential functions of the job and the accommodation would not constitute an undue hardship on the operations of the agency.