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Review Vacancy

Date Posted 08/05/22

Applications Due01/04/23

Vacancy ID110000

AgencyFinancial Services, Department of

TitleResearch Director ( Assistant Director Research Financial Services, M1)

Occupational CategoryOther Professional Careers

Salary Grade661

Bargaining UnitM/C - Management / Confidential (Unrepresented)

Salary RangeFrom $85712 to $108342 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 Commerce Plaza, NY, 12260

One State Street, NY, 10004

City Albany


Zip Code12260

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

• Ph.D. in economics, finance, accounting or mathematics and one year of experience in economic research, or financial research or analysis; or
• JD (law degree) or Master’s Degree in economics, finance, accounting or mathematics and two years of experience in economic research, or financial research or analysis; or
• Bachelor’s Degree in economics, finance, accounting or mathematics and four years of experience in economic research, or financial research or analysis.

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 Research Director in the Innovation Policy Unit within the Research and Innovation Division. Duties include, but are not limited to, the following:

• Works with large and complex data sets to solve problems using different analytical and statistical approaches;
• Identifies appropriate information sources and information collection methods;
• Reviews and monitors quality of data submissions by entities; monitors variances; identifies trends; recommends relevant actions to management;
• Reviews financial reports from supervised entities;
• Designs and prepares periodic reports in virtual currency and innovation policy;
• Maintains database integrity by entering, verifying, and backing up data in coordination with the Director of Data Governance and Management;
• Partners with cross functional teams to lead technical analysis, design, development, testing, and implementation of data initiatives;
• Leads data analytics projects involving junior staff;
• Provides quality review for junior staff analysis;
• Leads the development of key materials for senior leadership briefings and decision-making; and
• Other duties as assigned.

Preferred Qualifications

• Professional financial services experience.
• Fluency in economic modeling, economic impact analysis, and/or financial modeling.
• Comfortable working with large volumes of data.
• Experience with data querying languages (e.g., SQL), scripting languages (e.g., Python).
• Experience with or statistical/mathematical software (e.g., R, STATA).
• Excellent communication skills, and detail oriented.
• Ability to distill key messages from complex information into insights.
• Ability to convey technical concepts to a lay audience.
• Ability to solve problems creatively and to multi-task across projects.
• Highly motivated and effective working autonomously and as part of cross-functional teams.

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.

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 Thomas Hurd


Fax (518) 402-5071

Email Address


Street One Commerce Plaza, Suite 301

City Albany

State NY

Zip Code 12260


Notes on ApplyingTo Apply: Interested qualified candidates must submit a resume and letter of interest no later than January 4, 2023 to the email address listed below. Please include the Box # (Box RD-ADRFS-02705) in the subject line of your email to ensure receipt of your application. Email submissions are preferred.

Thomas Hurd
Box RD-ADRFS-02705
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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