StateJobsNY

NY HELPNo

AgencyFinancial Services, Department of

TitleFinancial Services Examiner 3

Occupational CategoryFinancial, Accounting, Auditing

Salary Grade25

Bargaining UnitPS&T - Professional, Scientific, and Technical (PEF)

Salary RangeFrom $88161 to $111111 Annually

Employment Type Full-Time

Appointment Type Permanent

Jurisdictional Class Competitive Class

Travel Percentage 0%

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

County New York

Street Address One State St NewYork

City New York

StateNY

Zip Code10004

Minimum Qualifications Appointment method:

List Appointment: Candidates must be reachable on the Civil Service eligible list # 38-415

Transfer: Candidates must have one year of permanent competitive service in a title eligible for transfer via Section 70.1 of the Civil Service Law. Information regarding transfer eligibility may be available on the Civil Service Career Mobility Office website at http://careermobilityoffice.cs.ny.gov/cmo/.

Please Note that under Civil Service Law, an employee cannot have two consecutives upward 70.1 or 52.6 transfers without an intervening eligible list appointment if such transfers would exceed two salary grades.

Duties Description The New York Department of Financial Services seeks to build an equitable, more transparent and resilient financial system that benefits New Yorkers and supports business. Through engagement, data-driven regulation, and operational excellence, DFS is responsible for empowering consumers and protecting them from financial harm; ensuring the health and stability of the financial entities we regulate; and driving economic growth through responsible innovation.

The Department of Financial Services is seeking candidates for the position of Financial Services Examiner 3 in the Foreign and Wholesale Banks Unit. Duties include, but are not limited to, the following:

When assigned to the field:

• When assigned as a commissioned examiner on small to moderate sized financial institutions: plans, and organizes examinations, and assigns key subordinate examiners to specific segments of the examination (e.g., loan review, earnings, liquidity analysis, capital, BSA/AML (Bank Secrecy Act/Anti-Money Laundering), systems and technology, loss mitigation etc.;
• May be assigned as a portfolio manager to a global systemically important bank portfolio supporting the team as the primary contact;
• Evaluates the adequacy of policies, procedures and controls, internal audit function, corporate governance and compliance management systems, BSA/AML, systems and technology, financial condition and management policies governing earnings, liquidity, rate sensitivity, income and expense accounts, and compliance with part 500 and 504 when part of an examination team;
• Assesses an institution's capital adequacy and capital planning process and senior management's strategic business plan;
• Submits an accurate, comprehensive report of examination of the financial condition of the entity, complete with narrative and analytical presentations on the various operations of the institution with suggestions or recommendations to the senior management team and board of directors on corrective measures that need to be taken; and
• Oversees the completion of individual report schedules and their assembling into a coherent examination report.

When assigned to the office:

• Functions as a portfolio manager with various responsibilities supporting the team as the primary contact for a portfolio of institutions;
• Performs in-house reviews of examination reports, supporting comments and workpapers and transmits examination reports to the institutions;
• Receives and assesses the adequacy of management responses to the report of examination;
• Maintains up to date institutional profiles, in-house databases reflecting all correspondence and supervisory actions taken, if any;
• Monitors institution’s financial condition, compliance with laws and regulations and regulatory reporting. Including determining if the volume of liquid assets appears appropriate in light of the volatility and historic record of the branch structure;
• Meets with bank management to discern present plans, trends and problems, and to discuss significant examination findings;
• Monitors institutions compliance with the Department’s supervisory policies and procedures;
• Reviews and analyzes numerous types of applications from supervised institutions requesting approval from the Department and submits recommendations to Deputy Superintendent and Executive;
• Recommends administrative actions, fines, penalties or suspension or revocation of licenses or charters where circumstances warrant; and
• Prepares responses for special projects as requested by the Superintendent or Division head.

Additional Comments 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.

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

Name Christine McCann

Telephone

Fax (518) 402-5071

Email Address Christine.McCann@dfs.ny.gov

Address

Street One Commerce Plaza, 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 February 9, 2023 to the email address listed below. Please include the Box FSE3- 02156 in the subject line of your email to ensure receipt of your application. Email submissions are preferred.

Christine McCann
Box FSE3- 02156
New York State Department of Financial Services
Office of Human Resources Management
One Commerce Plaza, Suite 301
Albany, NY 12257
Email: Christine.McCann@dfs.ny.gov
Fax: (518) 402-5071

All candidates that apply may not be scheduled for an interview


Public Service Loan Forgiveness
Employment with New York State qualifies an individual for Public Service Loan Forgiveness (PSLF). This program forgives the remaining balance on any Direct Student Loans after you have made 120 qualifying monthly payments while working full-time for a U.S. federal, state, local, or tribal government or not-for-profit organization. To learn more about the program and whether you would qualify, please visit: https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service


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. If the accommodation would constitute an undue hardship on the operations of the agency, the agency is not required to provide it.