Review Vacancy
AgencyFinancial Services, Department of
TitleFinancial Services Specialist 2 (Compliance)
Occupational CategoryOther Professional Careers
Bargaining UnitPS&T - Professional, Scientific, and Technical (PEF)
Salary RangeFrom $73284 to $92693 Annually
Minimum Qualifications Appointment method:
Non Competitive: A Bachelor’s Degree in Accounting, Actuarial Science, Auditing, Business, Business Administration, Business and Technology, Commerce, Consumer Sciences, Computer Science, Criminal Justice, Economics, Econometrics, Finance, Information Systems, Information System Engineering, Internal Controls, Health, Health Administration, Law, Mathematics, Public Administration, Public Affairs, Public Health, or Public Policy and three (3) years of specialized experience in one (1) of the following:
• Evaluating the adequacy of board and management oversight of the financial institutions' compliance programs.
• Reviewing lending, deposit, insurance and other transactions to determine compliance with Financial Service’s applicable laws/regulations.
• Identifying financial institutions' potentially unfair, deceptive, abusive or discriminatory acts or practices.
• Reviewing financial institution programs, policies and procedures for compliance with legal and regulatory requirements.
• Evaluating financial costs for the failure of financial services entities to adhere or comply with New York State, federal, or other states financial services laws.
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.
Preferred Certifications/Experience
Conference State Bank Supervisors (CSBS): Certified Consumer Compliance Specialist
As an employee of a financial services institution, or as an employee of a financial services regulatory agency, a public accounting, or a consulting firm, knowledge and familiarity with the financial costs and/or punitive consequences of the failure of financial services entities to adhere to and comply with by New York State, federal and/or various states financial services laws.
Duties Description The Department of Financial Services (DFS) is seeking candidates for the position of Financial Services Specialist 2 (Compliance) in the Consumer Protection and Financial Enforcement Division’s Consumer Examination Unit (“CEU”). CEU’s supervision of student loan servicers will be a primary focus of the position. The position may also involve participating in Community Reinvestment Act, consumer compliance, and fair lending examinations of other financial services companies. Duties will include, but will not be limited to, the following:
• Assists in the development of procedures resulting from legislative or administrative actions that require new or modified regulations for program implementation and monitoring;
• Participates in the technical review, analysis, and examination of student loan servicers and other financial entities for compliance with consumer protection laws and regulations;
• Reviews transactions to determine student loan servicers’ and other financial services companies’ compliance with applicable laws and regulations;
• Identifies student loan servicers’ and other financial services companies’ potentially unfair, deceptive, abusive or discriminatory acts or practices;
• Reviews company’s conduct including treatment of borrowers;
• Assists in the compilation and preparation of examination reports;
• Makes recommendations regarding licensure and examination of financial entities, corrective action, and enforcement actions;
• Assists in review of submissions, transactions, and filings including license and change in control applications;
• Participates in examination visits to financial entities;
• Participates in conferences with company officers;
• May supervise subordinate examiners or unit staff; 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 Division of Budget approval to fill.
Some positions may require additional credentials or a background check to verify your identity.
Email Address nce.notifications@dfs.ny.gov
Address
Street One Commerce Plaza, Suite 301
Notes on ApplyingTo Apply: Interested qualified candidates must submit a resume and letter of interest no later than October 7, 2019 to the email address listed below. Please include the Box # (Box FSS2-10415) in the subject line of your email to ensure receipt of your application. Email submissions are preferred.
Nicole Pickel
Box FSS2-10415
New York State Department of Financial Services
Office of Human Resources Management
One Commerce Plaza, Suite 301
Albany, NY 12257
Email: nce.notifications@dfs.ny.gov
Fax: (518) 402-5071
All candidates that apply may not be scheduled for an interview
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.