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Review Vacancy

Date Posted 07/05/18

Applications Due07/19/18

Vacancy ID54924

AgencyFinancial Services, Department of

TitlePrincipal Risk Management Specialist

Occupational CategoryFinancial, Accounting, Auditing

Salary Grade29

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

Salary RangeFrom $100123 to $122623 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? No

Telecommuting allowed? No

County New York

Street Address One State Street

City New York


Zip Code10004

Minimum Qualifications Appointment Method:

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

Non-Competitive: Bachelor’s Degree and seven years of experience. Four years of the required experience must have been in analyzing and managing the trading, underwriting, hedging, or risk management of capital markets instruments by banks or other financial institutions. Experience in the audit or regulatory examination of capital markets may substitute for part or all of the required experience.

Substitution: A Bachelor’s Degree in finance, economics, accounting, mathematics or business administration may substitute for two years of the experience.

Duties Description The Department of Financial Services seeks applicants to fill multiple positions for Principal Risk Management Specialist in the Capital Markets Division. The Principal Risk Management Specialist duties include, but are not limited to the following:

• Planning, organizing, coordinating and conducting examinations and/or targets of capital markets activities and associated risks at supervised institutions;
• Evaluating the overall impact of capital markets activities on a supervised institution;
• Reviewing policies and procedures, e.g., capital markets operations;
• Assessing the adequacy of records systems and controls governing capital markets operations;
• Supervising assigned staff by assigning work, monitoring progress, reviewing results, and conducting performance reviews;
• Preparing examination reports and discussing findings with institutional management;
• Coordinating the implementation of supervisory action regarding problems disclosed during the examination of capital markets activities at supervised institutions;
• Providing in-depth analysis of trading activities including positions, strategies and risk profiles in capital markets areas;
• Advising Capital Markets Team management on issues such as systems technology, internal controls, documentation standards, accounting standards, and reevaluation procedures relative to treasury operations;
• Researching and analyzing technical issues concerning capital markets;
• Performing in-depth studies of capital markets activities;
• Evaluating the impact of new products on the operations of regulated entities;
• Recommending policies and procedures for regulating capital market activities;
• Providing assistance and guidance to other divisions or bureaus on various aspects of capital markets;
• Assisting in developing and presenting educational programs for staff on all facets of capital markets; and
• Assisting in developing and updating specialized manuals to be used in the examination of capital markets activities.

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

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

Name Nicole Pickel

Telephone 518549-0189

Fax 518-402-5071

Email 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 July 19, 2018, to the email address listed below. Please include (Box PRMS-04220-24) in the subject line of your email to ensure receipt of your application. Email submissions are preferred.

Nicole Pickel
Box PRMS-04220
New York State Department of Financial Services
Office of Human Resources Management
99 Washington Avenue, Suite 301
Albany, New York 12257
Fax: (518) 402-5071

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

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.

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