Please note: State agencies that contact job applicants do not usually request personal or financial information via text message or over the phone in connection with your response to a job posting. If you are contacted for such information by these methods, or any other method, please verify the identity of the individual before transmitting such information to that person.
Note: For questions about the job posting, please contact the agency that posted this position by using the contact information provided on the "Contact" tab for the position.

Review Vacancy

Date Posted 08/05/22

Applications Due09/15/22

Vacancy ID110064

AgencyFinancial Services, Department of

TitleSenior Financial Services Regulatory Policy and Accounting Officer(Chief Financial Services Regulatory Accounting)

Occupational CategoryFinancial, Accounting, Auditing

Salary Grade665

Bargaining UnitM/C - Management / Confidential (Unrepresented)

Salary RangeFrom $129566 to $163695 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 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: A Bachelor’s degree and must be a certified public accountant, with at least seven years of professional accounting experience in bank or regulatory accounting or bank auditing. Candidate must have spent at least two years in a managerial position, supervising professional personnel in accounting or audit at a bank or similar financial institution or at an external auditing firm or an agency regulating financial institutions.
Substitution: A master’s degree in accounting or finance may be substituted for one year of the required experience.

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 (DFS) is seeking applicants to fill the position of Senior Financial Services Regulatory Policy and Accounting Officer in the Capital Markets Division. The duties will include, but not be limited to, the following:
• Assists in the review of balance sheets, income statements and cash flows both actual and proforma related to applications for charters, merges, and new or expanded licensees or products;
• Provides training, work review, and reinforcement of work protocols and processes as required;
• Consults and guides examination professionals on accounting, regulatory reporting and internal control and audit issues and trends. Provides prompt, accurate responses to questions from examiners, senior management, regulated institutions, and their external auditors;
• Provides prompt, accurate responses to questions from examiners, senior management, regulated institutions and their external auditors;
• Compiles and creates information and training materials and conducts seminars for examination staff on accounting, reporting and internal audit and control issues related to sophisticated and innovative industry transactions in the current economic and regulatory environment;
• Identifies training classes suitable for the position to stay abreast of current and expected changes affecting financial services or financial products;
• Collaborates with the Director of Economic Research and other regulatory experts on policy formulation and establishment of procedures;
• Discusses technical issues with federal counterparts and regulated institutions;
• Represents Department as speaker at outside conferences and seminars;
• Attends American Institute of Certified Public Accountants (AICPA) Conferences and Financial Accountant Standards Board (FASB) meetings and highlights key developments for senior management;
• Researches and analyzes technical accounting and regulatory reporting issues and trends;
• Analyzes the impact and consults on current events and trends;
• As the Department's key contact and primary author of regulatory accounting opinion letters and guidance letters, consults with Department professionals and regulatory counterparts on accounting, internal control and audit issues; and
• Completes special projects assigned by the Superintendent and members of the executive team related to accounting, regulatory reporting, audit and internal control issues and industry trends, new products and innovative technologies, such as virtual currencies and exchange traded funds

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 Melissa Dover


Fax (518) 402-5071

Email 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 September 15, 2022 to the email address listed below. Please include the Box # SFSRPAO-CFSRA-02702 in the subject line of your email to ensure receipt of your application. Email submissions are preferred.
Melissa Dover
Box SFSRPAO-CFSRA-02702 New York State Department of Financial Services Office of Human Resources Management One Commerce Plaza, Suite 301 Albany, NY 12257
Email: 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:
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.

Printable Version