Minimum Qualifications Preferred Qualifications
• A demonstrated interest in financial inclusion, economic inclusion, community development or community wealth-building.
• Superior oral and written communication skills.
• Relevant experience in policy and program development initiatives, as well as experience collaborating with various levels of government, advocates and industry.
• A master’s degree in public policy or a J.D. preferred.
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.
Substitutions: A J.D. or a Master's Degree may substitute for one (1) year of specialized experience; and a Ph.D. may substitute for two (2) years of specialized experience.
Duties Description The New York State 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 Deputy Director of Statewide Office of Financial Inclusion and Empowerment. In coordination with the Director, the Deputy Director will lead the Department’s initiatives to develop and implement policy and programs to effectuate economic opportunity. Duties for the Deputy Director position include, but are not limited to, the following:
• Assists the Director in developing and implementing annual and long-term goals for financial inclusion;
• Engages with community organizations—including financial counselors, housing counselors, legal services, small businesses, faith groups, and other advocacy organizations—to identify needs and develop community wealth-building initiatives for households and small businesses;
• Assists in the development and maintenance of an online directory of services available to New Yorkers;
• Identifies emerging strategies and policies related to community wealth building and anti-discriminatory financial services and develops proposals for deployment across the state;
• Educates and connects consumers to community wealth building and financial empowerment programs;
• Works with DFS business units to collect and analyze data related to household finances, small business, and community development to drive statewide policy development;
• Drafts reports, memoranda, presentations, and other written work products for internal and external stakeholders; and
• Other duties as assigned.
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.
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 DDOSOFIE-DFSP2-10085) 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.