Financial Services Specialist 1 (Compliance)

Job title: Financial Services Specialist 1 (Compliance)

Duties Description

The New York State Department of Financial Services seeks to build an equitable, transparent, and resilient financial system that benefits individuals and supports business. Through engagement, data-driven regulation and policy, and operational excellence, the Department and its employees are responsible for empowering consumers and protecting them from financial harm; ensuring the health of the entities we regulate; driving economic growth in New York through responsible innovation; and preserving the stability of the global financial system.

The Department of Financial Services is seeking candidates for the position of Financial Services Specialist 2 in the Consumer Examinations Unit. Duties include, but are not limited to, the following:

• Assists Senior Specialists with statistical analysis in support of fair lending and other exams;
• Supports the verification process of loan data in analyzing institution’s consumer compliance (CC), fair lending (FL) and Community Reinvestment Act (CRA) lending activities;
• Assists in the coordination of fair lending examinations;
• Reviews fair lending plans of institutions requested by Licensed Financial Services (LFS) and other DFS business units;
• May run call reports for exams;
• Analyzes exam findings with Fair Lending Specialists and examiners to determine whether patterns of discriminatory practices exist;
• Tests the accuracy, integrity and consistency of data received from institutions;
• Travel may be up to 10%;
• Other duties as assigned.

Minimum

Qualifications

• Preferred Qualifications

• Ability to work independently and be resourceful in utilizing tools and information.

• Knowledge of Consumer Compliance Fair Lending and Consumer Reinvestment Act regulations and examination requirements, a plus.

• Experience in data/statistical analyses.

• Experience with MS Access and MS Excel.

• Strong qualitative, analytical and communication skills with a focus on writing concisely.

Appointment Method:

• Candidates must meet the minimum qualifications listed below in order to be eligible for appointment.

Non-Competitive: Six (6) years of specialized experience in one (1) or more 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.

• An associate degree may substitute for two years of specialized experience; bachelor's degree may substitute for four years of specialized experience; master's degree may substitute for five years of specialized experience; J.D. may substitute for six years of specialized experience.

• Additional Comments Please note that a change in negotiating unit may affect your salary, insurance and other benefits.

• Salary: The starting salary for this position is $69,964 with periodic increases up to $88,970

• 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 $4,150 annual downstate adjustment.

• Appointment Status: Permanent

• Some positions may require additional credentials or a background check to verify your identity.