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NY HELP No

Agency Financial Services, Department of

Title Financial Crimes Risk Specialist (Financial Services Specialist 4 (Financial Crime Risk), SG-27)

Occupational Category Financial, Accounting, Auditing

Salary Grade 27

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

Salary Range From $106898 to $131665 Annually

Employment Type Full-Time

Appointment Type Permanent

Jurisdictional Class Non-competitive Class

Travel Percentage 10%

Workweek Mon-Fri

Hours Per Week 37.5

Workday

From 8 AM

To 6 PM

Flextime allowed? No

Mandatory overtime? No

Compressed workweek allowed? No

Telecommuting allowed? Yes

County To Be Determined

Street Address Albany- One Commerce Plaza

NYC- One State Street

City Albany or NYC

State NY

Zip Code 12257

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 Crimes Risk Specialist for the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) unit within the Banking Division. Duties include, but are not limited to, the following:• Supports the Department’s examination and supervisory work, including planning, execution, and review processes, particularly as pertains to entities under the supervision of the Banking Division;• Serves as a resource on BSA/AML and related matters for the Banking Division, including applications, examinations, and non-periodic supervision as needed;• Supports supervisory oversight and surveillance processes by prioritizing issues requiring immediate or early supervisory attention;• Assists in review and revision of BSA/AML- and sanctions-related examination policies and procedures, including first-day letters, work programs, and other related materials;• Assists in the review of licensing and change of control applications for compliance with BSA/AML and OFAC (Office of Foreign Assets Control) program requirements, and in providing feedback to support compliance and remedial measures, as appropriate;• Explains deficiencies and needed features of BSA/AML and related policies, procedures, and programs of applicants clearly and concisely in written memoranda and in conferences with DFS colleagues and with applicants and their outside counsel;• Consulting on BSA/AML and related examinations and supervisory reviews of DFS-chartered and licensed regulated entities;• Conducting analysis of suspicious activity, including referrals from internal sources, account activity monitoring, and transaction monitoring;• Provides assistance in conducting investigations of suspicious activity and required documentation;• Reviews compliance with remediation requirements under enforcement programs;• Maintains a good understanding of, and remains current on, all legal and regulatory changes and developments relating to the Bank Secrecy Act, and related anti-money laundering regulations, and OFAC regulations;• Presents analyses and findings to colleagues and leadership at DFS, including making reasoned recommendations for agency action;• Participates in the setting and execution of DFS policy, particularly regarding matters that touch on BSA/AML, OFAC (Office of Foreign Assets Control), and related compliance;• May supervise lower-level staff; and• Other appropriate and occupationally related duties and special projects as assigned.

Minimum Qualifications Appointment method:Candidates must meet the minimum qualifications listed below in order to be eligible for appointment.Non-Competitive: A Bachelor’s Degree in Accounting, Actuarial Science, Auditing, Banking, Business, Business and Technology, Commerce, Criminal Justice, Finance, Economics, Econometrics, International or Public Affairs, Law, Statistics, or Mathematics 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 financial institution financial crime risk (BSA/AML, CIP, OFAC/Sanctions, CTF) in a management, compliance or audit environment.• Developing and implementing financial crime risk management or compliance policies, programs and procedures.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.

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 $106,898 with periodic increases up to $131,665.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 $4,000 annual downstate adjustment.Appointment Status: PermanentAppointment 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.

Name Kara Waters

Telephone

Fax (518) 402-5071

Email Address [email protected]

Address

Street One Commerce Plaza

Suite 301

City Albany

State NY

Zip Code 12257

Notes on Applying To Apply: Interested qualified candidates must submit a resume and letter of interest no later than July 1, 2025 to the email address listed below. Please include the Box # (Box FCRS-FSS4FCR-10573-4) in the subject line of your email to ensure receipt of your application. Email submissions are preferred.Please be advised that the New York State Department of Financial Services does not offer sponsorship for employment visas.Kara WatersBox FCRS-FSS4FCR-10573-4New York State Department of Financial ServicesOffice of Human Resources Management One Commerce Plaza, Suite 301Albany, NY 12257Email: [email protected]: (518) 402-5071All candidates that apply may not be scheduled for an interviewPublic Service Loan ForgivenessEmployment 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-serviceAMERICANS WITH DISABILITIES ACT: REASONABLE ACCOMMODATIONSUnder 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. All people with disabilities are encouraged to apply to all jobs for which they meet the minimum qualifications.