StateJobsNY

NY HELPNo

AgencyFinancial Services, Department of

TitleFinancial Services Specialist 4 (Compliance)

Occupational CategoryOther Professional Careers

Salary Grade27

Bargaining UnitPS&T - Professional, Scientific, and Technical (PEF)

Salary RangeFrom $90375 to $111316 Annually

Employment Type Full-Time

Appointment Type Permanent

Jurisdictional Class Non-competitive Class

Travel Percentage 0%

Workweek Mon-Fri

Hours Per Week 37.50

Workday

From 9 AM

To 5 PM

Flextime allowed? No

Mandatory overtime? No

Compressed workweek allowed? No

Telecommuting allowed? No

County New York

Street Address One State Street

City New York

StateNY

Zip Code10004

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 five (5) years of specialized experience in one (1) of the following of which two (2) years must have been at a supervisory level:
• 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 4 (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:

• Coordinates examinations and investigations of large or complex student loan servicers and other financial services companies, and in the review of companies’ filings, as assigned;
• Evaluates the adequacy of policies, procedures and controls, internal audit function, corporate governance and compliance management systems;
• Submits accurate and comprehensive reports of examination of student loan servicers and other financial services companies, complete with narrative and analytical presentations on the various operations of the company and suggestions or recommendations on corrective measures that need to be taken;
• Makes recommendations to senior management concerning student loan servicers’ and other financial services companies’ potentially unfair, deceptive, abusive or discriminatory acts or practices;
• Supervises the review of submissions, transactions, and filings including license and change in control applications;
• Meets with company management during the examination and to discuss examination findings;
• Assigns and reviews the work of subordinate examiners; supervises, trains, rates and evaluates subordinates;
• Develops new policies and procedures, and implements new initiatives; 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.

Name Nicole Pickel

Telephone

Fax (518) 402-5071

Email Address nce.notifications@dfs.ny.gov

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 October 7, 2019 to the email address listed below. Please include the Box # (Box FSS4-10442) in the subject line of your email to ensure receipt of your application. Email submissions are preferred.

Nicole Pickel
Box FSS4-10442
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.