One Commerce Plaza
Minimum Qualifications Candidates must meet the minimum qualifications listed below in order to be eligible for appointment.
Non-Competitive: A Bachelor’s Degree in Business, Business Administration, Economics, Econometrics, Finance, Health, Health Administration, Health Policy, Law, Mathematics, Political Science, Public Administration, Public Health, Public Policy, Risk Management or Statistics and three (3) years of specialized experience in one or more of the following:
• Research, planning, administration, and/or analysis of the policies and procedures affecting regulated entities and how they conduct business activities with the public and/or other regulated entities.
• Research and analysis of State and federal statutes and regulations and their effects upon the business activities of financial services entities with regard to the public and/or other financial services entities.
A Master’s Degree in one (1) of the related fields or a J.D. may substitute for one (1) year of specialized experience. A Ph.D. in one (1) of the related fields may substitute for two (2) years of specialized 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 candidates for two Senior Data Analysis Specialist positions within the Research and Innovation Division.
One position will support the Division in researching innovative financial-services companies and products, and existing regulation for the Innovation Policy Unit. This Senior Data Analysis Specialist will help inform DFS supervision, existing policy, and future research to bridge the gap between innovative approaches and financial regulations that may have been created before new business models and technologies were envisioned.
The other position will support the Division in producing economic analysis and periodic reporting for the Economic Research Unit. This position will analyze data from across public and internal sources to identify trends for New York State. This analysis will support overall risk monitoring for the Department. This role will also participate in ad hoc projects to support broader data analytics projects across the Department as needed.
Duties include, but are not limited to, the following:
• Performs research, evaluation, and analytical studies relating to various financial factors;
• Works with large and complex data sets to solve problems using different analytical and statistical approaches;
• Reviews and monitors quality of data submissions by entities, monitoring variances, identifying trends, and recommends relevant actions to management;
• Reviews financial reports from supervised entities;
• Designs and prepares periodic reports in innovation policy and economic research;
• Maintains database integrity by entering, verifying, and backing up data in coordination with the Director of Data Governance and Management;
• Participates in the development of key materials for senior leadership briefings and decision-making;
• May supervise lower level staff; and
• Other duties as assigned.
• Comfortable working with large volumes of data.
• Excellent communication skills.
• Highly motivated and effective working autonomously and as part of cross-functional teams.
• Ability to multi-task across projects and detail oriented.
Additional Comments Positions within the New York City metropolitan area, as well as Suffolk, Nassau, Rockland, and Westchester Counties, are also eligible to receive an addition $3,026 annual downstate adjustment.
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 January 4, 2023 to the email address listed below. Please include the Box # (Box SDAS-FSS2PA-10628-10629) 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.