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 sciences, auditing, banking, business, business administration, business and technology, commerce, computer information systems, computer science, consumer sciences, criminal justice, cyber security, econometrics, economics, finance, financial administration, health, health administration, information systems, information systems engineering, information technology, internal controls, international or public affairs, law, market analysis, mathematics, public administration, public policy, risk management, statistics, taxation, or technology and eight (8) years of financial services experience with: 1) a regulated entity who has a regional, national and/or international presence; or 2) a governmental regulatory entity. This experience must include practical and technical knowledge about State, federal and/or international financial services laws, rules and regulations. Three (3) years of the experience must have been at a managerial level.
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 Unit Chief. Reporting to the Deputy Superintendent for the Pharmacy Benefits Bureau, the Unit Chief will be tasked with supervising all of the work of the Pharmacy Benefits Managers (PBM) Regulatory Unit.
Duties include, but are not limited to, the following:
• Supervises PBM Regulatory functions including applications, complaints, examinations, and reporting;
• Manages projects undertaken by the PBM regulatory unit in meeting the statutory duties outlined in Article 29 of the Insurance Law;
• Supervises the drafting of regulations and required SAPA documents;
• Formulates policy advise for the Deputy Superintendent on issues impacting the PBM regulatory space;
• Monitors progress of projects to ensure all internal and statutory deadlines are met;
• Meets with PBMs, pharmacies, trade groups, and lobbyists related to the Department’s activities in the PBM space;
• Drafts legislative proposals and accompanying memoranda related to the regulation of PBMs in New York;
• Monitors and tracks legislation affecting the PBM Regulatory unit’s areas of responsibilities;
• Provides direct supervision of the Unit leadership;
• Meets with legal, IT, financial and administrative staff related to PBM Regulatory unit functions and responsibilities; and
• Other duties as assigned;
• Experience in health insurance, pharmacy, or PBM.
• Superior written and oral communication skills, and strong analytical skills.
• JD, MPA, MPH, or MBA preferred but not required.
Some positions may require additional credentials or a background check to verify your identity.
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 # (Box PBMUC-DFSP2-10086) in the subject line of your email to
ensure receipt of your application. Email submissions are preferred.
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: 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.