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Review Vacancy

Date Posted 11/30/23

Applications Due12/18/23

Vacancy ID145153

AgencyFinancial Services, Department of

TitleFinancial Crimes Risk Specialist (Financial Services Specialist 4 (Financial Crime Risk), SG-27)

Occupational CategoryFinancial, Accounting, Auditing

Salary Grade27

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

Salary RangeFrom $100721 to $124107 Annually

Employment Type Full-Time

Appointment Type Permanent

Jurisdictional Class Non-competitive Class

Travel Percentage 0%

Workweek Mon-Fri

Hours Per Week 37.5


From 9 AM

To 5 PM

Flextime allowed? No

Mandatory overtime? No

Compressed workweek allowed? Yes

Telecommuting allowed? Yes

County To Be Determined

Street Address One State Street, New York

One Commerce Plaza, Albany

City New York/ Albany


Zip Code10004

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 Science, Auditing, Banking, Business, Business and Technology, Commerce, Criminal Justice, Finance, Economics, Econometrics, International or Public Affairs, Law, Statistics, or Mathematics and five (5) years of specialized experience in one (1) of the following of which two (2) years must have been at a supervisory level:

• Evaluating financial institution financial crime risk (BSA/AML, CIP, OFAC/Sanctions, CTF) in a management, compliance or audit environment.
• Developing and implementing financial crime risk management or compliance policies, programs and procedures.

A Master’s Degree in one (1) of the related fields or a J.D. may substitute for one (1) year of specialized experience. A Ph.D. in one (1) of the related fields may substitute for two (2) years of specialized experience.

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.

The Department of Financial Services is seeking candidates for the position of Financial Crime Risk Specialist in the Banking Management unit within the Banking Division. Duties include, but are not limited to, the following:

• Supports the Department’s examination and supervisory work, including planning, execution, and review processes, particularly as pertains to entities under the supervision of the Banking Division;
• Serves as an expert resource on Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and related matters for the Banking Division, including applications, examinations, and non-periodic supervision as needed;
• Supports supervisory oversight and surveillance processes by prioritizing issues requiring immediate or early supervisory attention;
• Assists in review and revision of BSA/AML- and sanctions-related examination policies and procedures, including first-day letters, work programs, and other related materials;
• Assists in the review of licensing and change of control applications for compliance with BSA/AML and Office of Foreign Assets Control (OFAC) program requirements, and in providing feedback to support compliance and remedial measures, as appropriate;
• Explains deficiencies and needed features of BSA/AML and related policies, procedures, and programs of applicants clearly and concisely in written memoranda and in conferences with DFS colleagues and with applicants and their outside counsel;
• Consults on, and possibly conducts, BSA/AML and related examinations and supervisory reviews of DFS-chartered and licensed regulated entities;
• Conducts analysis of suspicious activity, including referrals from internal sources, account activity monitoring, and transaction monitoring;
• Provides assistance in conducting investigations of suspicious activity and required documentation;
• Reviews compliance with remediation requirements under enforcement programs;
• Maintains a good understanding of, and remains current on, all legal and regulatory changes and developments relating to the Bank Secrecy Act, and related anti-money laundering regulations, and OFAC regulations;
• Presents analyses and findings to colleagues and leadership at DFS, including making reasoned recommendations for agency action;
• Participates in the setting and execution of DFS policy, particularly regarding matters that touch on BSA/AML, OFAC, and related compliance;
• May supervise lower level staff; and
• Other appropriate and occupationally related duties and special projects as assigned.

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 $3,087 annual downstate adjustment.

Appointment Status: Permanent

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.

Name Carlos Millan


Fax 518-402-5071

Email Address


Street One Commerce Plaza Suite 301

City New York

State NY

Zip Code 12257


Notes on ApplyingTo Apply: Interested qualified candidates must submit a resume and letter of interest no later than December 18, 2023 to the email address listed below. Please include the Box # (Box FCRS-FSS4FCR-10573-4) in the subject line of your email to ensure receipt of your application. Email submissions are preferred.

Carlos Millán
Box FCRS-FSS4FCR-10573-4
New York State Department of Financial Services
Office of Human Resources Management
One Commerce Plaza, Suite 301
Albany, NY 12257
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:

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.

Pursuant to Executive Order 161, no State entity, as defined by the Executive Order, is permitted to ask, or mandate, in any form, that an applicant for employment provide his or her current compensation, or any prior compensation history, until such time as the applicant is extended a conditional offer of employment with compensation. If such information has been requested from you before such time, please contact the Office of Employee Relations at (518) 473-3130 or via email at

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