Position Information

NY HELPYes

AgencyFinancial Services, Department of

TitleFinancial Services Examiner Trainee 1 (NY Helps)

Occupational CategoryFinancial, Accounting, Auditing

Salary GradeNS

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

Salary RangeFrom $52198 to $82656 Annually

Employment Type Full-Time

Appointment Type Permanent

Jurisdictional Class Competitive Class

Travel Percentage 10%

Schedule

Workweek Mon-Fri

Hours Per Week 37.5

Workday

From 8 AM

To 6 PM

Flextime allowed? No

Mandatory overtime? No

Compressed workweek allowed? No

Telecommuting allowed? Yes

Location

County To Be Determined

Street Address One State Street

1 Commerce Plaza/ Various Locations

City NYC/Albany

StateNY

Zip Code10004

Job Specifics

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.
ABOUT THE DEPARTMENT OF FINANCIAL SERVICES:
DFS is recruiting for Financial Services Examiners to help the Department protect consumers from financial harm; ensure the health of the
financial entities we regulate; drive economic growth in New York through responsible innovation; and preserve the stability of the global
financial system.
DUTIES:
As a Financial Services Examiner 1, you would monitor various types of financial services activities according to the statutory
responsibilities of the agency; review and analyze different types of documents, transactions, operations and data for compliance with
Financial Services laws, rules, and regulations; assist parties such as consumers and financial services institutions in resolving problems
by interpreting program guidelines and regulations; prepare narrative reports and draft correspondence concerning the agency’s regulatory
and examination programs and standards for financial services entities; and personally handle routine regulatory activities.
TRAVEL REQUIREMENTS:
Extensive travel may be required, including overnight travel. Appointees must possess a valid license to operate a motor vehicle in New
York State or otherwise demonstrate their ability to meet the transportation needs of the job in carrying out their responsibilities in any
location to which travel is required, including locations not accessible by public transportation.Field work and travel expenses will be
reimbursed on a fixed schedule.
Additional information regarding the duties will be discussed at the time of interview.
Ideal candidates will possess: Knowledge of Generally Accepted Accounting Principles (GAAP) and Statements of Statutory
Accounting Principles (SSAP); ability to research and consistently apply state laws, department regulations, National Association of Insurance
Commissioners (NAIC) statutory accounting practices, and Federal Deposit Insurance Corporation (FDIC) regulations and practices;
knowledge of exam planning procedures, internal controls, sampling techniques, testing procedures, work paper preparation/documentation,
reviewing procedures and report writing; knowledge of financial analysis techniques and ratios; ability to understand and evaluate the
enterprise risk management functions of insurers; ability to think critically and make decisions based on reasonable and timely analysis;
ability to understand and evaluate risks, as well as risk mitigation strategies and controls; ability to see the big picture of the organization;
ability to multi-task and manage time effectively; ability to work in and contribute to a team environment; strong communication skills (both
written and verbal); ability to participate in presentations discussing examination findings; ability to adapt to complex and rapidly changing
expectations and environments; proficiency in MS Excel, Word and Outlook; and the ability to work with a variety of customers in the financial
services sector.

Minimum Qualifications Appointment method:
Minimum Qualifications:.
Either 1. a bachelor’s degree or higher in accounting, auditing, economics, econometrics, business economics, finance, financial
administration, mathematics, applied mathematics, mathematical sciences, statistics, actuarial science, or taxation;
Or 2. a bachelor’s degree or higher including or supplemented by 24 semester credit hours in accounting, auditing, economics,
econometrics, business economics, finance, financial administration, mathematics, applied mathematics, mathematical sciences, statistics,
actuarial science, or taxation.
The Traineeship:
Candidates will be appointed at the Trainee 1 level and will participate in a two-year traineeship during which they will receive classroom
and on-the-job training as well as periodic evaluations of their performance. After one year of satisfactory service as a Trainee 1,
appointees will be advanced without further examinations to the Trainee 2 level, equated to Grade 16 salary . After one year of satisfactory
Trainee 2 service, appointees will be advanced without further examination to the journey-level title and Grade 18 salary.
NY HELPS: This title is part of the New York Hiring for Emergency Limited Placement Statewide Program (NY HELPS).
The NY HELPS Program allows agencies to fill certain positions via permanent non-competitive appointments. At a future date (within one
year of your permanent appointment), it is expected employees hired under NY HELPS will have their non-competitive employment status
converted to competitive status, without having to compete in an examination. Employees will then be afforded with all of the same rights
and privileges of competitive class employees of New York State. While serving permanently in a NY HELPS title, employees may take
part in any promotion examination for which they are qualified.
55 b/c Appointment: Candidates must meet the eligibility requirements of the Governor's Program to Hire Individuals and Veterans with
Disabilities as described in Civil Service Law § 55b/c. Information about this program can be found here: https://www.cs.ny.gov/rp55/
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 consecutive upward 70.1 or 52.6 transfers without an intervening
eligible list appointment if such transfers would exceed two salary grades.

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 $3,400 annual downstate adjustment.
Trainee 1’s in the Counties of Bronx, Kings, Nassau, New York, Queens, Richmond, Rockland, Suffolk,
and Westchester have $1,377 added to the equated rate. For Trainee 2’s in those Counties, $1,498 is
added to the equated rate.

Appointment Status: Permanent, Contingent Permanent, Temporary or Non-Competitive

Please note that a change in negotiating unit may affect your salary, insurance and other benefits.
Salary: $65,001 – 82,656 (Grade-18 level)
$58,247 (Trainee 2 level)
$52,198 (Trainee 1 level)

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

Contact Information

Name Tidiane Conde

Telephone

Fax (518) 402-5071

Email Address FSE.Trainee@dfs.ny.gov

Address

Street One Commerce Plaza

City Albany

State NY

Zip Code 12257

 

Notes on ApplyingTo Apply: Vacancies exist in Albany, Buffalo, New York City, and Syracuse. Interested qualified candidates must submit a resume,
letter of interest, and an unofficial copy of their transcripts no later than December 31, 2024 to the email address listed below. Please
include the appropriate Box # for the location(s) you are interested in [Box FSE1-ALB HELPS; Box FSE1-BUFF HELPS; Box FSE1-NYC
HELPS; Box FSE1-SYR HELPS] in the subject line of your email to ensure receipt of your application. Email submissions are
preferred.
Tidiane Conde
Box FSE1-[LOC] HELPS
New York State Department of Financial Services
Office of Human Resources Management
One Commerce Plaza, Suite 301
Albany, NY 12257
Email: FSE.Trainee@dfs.ny.gov
Fax: (518) 402-5071
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.
All people with disabilities are encouraged to apply to all jobs for which they meet the minimum qualifications.