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NY HELP No

Agency Financial Services, Department of

Title Virtual Currency Specialist (Financial Services Specialist 4 (Compliance), 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 Contingent Permanent

Jurisdictional Class Non-competitive Class

Travel Percentage 25%

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 New York

Street Address One State Street

City New York

State NY

Zip Code 10004

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 Financial Services Specialist 4 (Compliance) position in the Virtual Currency (VC) Unit within the Research and Innovation Division. Duties include, but are not limited to, the following:• Contributes to the on-going development and maintenance of a risk appetite and Virtual Currency (VC) supervisory risk catalog, and conducts training on the implementation of the VC risk-based examination and monitoring program;• Leads the development of, and enhancements to, internal policies and procedures related to the BitLicense supervisory process, such as examination manuals and internal best-practice guides;• Conducts risk evaluations of new and emerging VC-related products and services (e.g. VC markets, blockchain networks, and decentralized finance platforms);• Providing advice to the Licensing and Examination and Monitoring Teams for ongoing monitoring and periodic examinations;• Supports licensing reviews, supervision (e.g. cadence meetings, ad hoc supervisory engagements), and examination (e.g. desk-based and onsite exams, horizontal thematic reviews) work of assigned BitLicensees, VC Trust Company charters, and other DFS-regulated VC entities, for compliance with relevant laws, regulations, guidance, and supervisory expectations;• Maintains a thorough understanding of the business models of Licensees and supports and leads risk-based assessments of Licensees’ governance, compliance, and internal audit controls; BSA/AML program; operational, regulatory and legal risks and controls; risk management program; financial condition, etc;• Supports supervision team in meeting with Licensees’ management to get periodic business updates and maintains an understanding of the institution's operations and the scale and scope of business;• Conducts research and prepares comprehensive reports, memos, letters, and guidance documents, etc. for internal and external stakeholders;• Remains up to date on industry best practices, including skills involving blockchain monitoring/analytics, transaction sampling and monitoring model validation, and sanctions screening systems; the verification of claimed VC holdings; validation of stablecoin backing assets; and the auditing of the self-certification of coin listings by regulated companies;• Manages a team of staff, as required and available; and• Travel may be required up to 25%.

Minimum Qualifications Preferred QualificationsExperience in two or more of the following:• Bank Secrecy Act/Anti-money Laundering (BSA/AML), Office of Foreign Assets Control (OFAC), and related laws, regulations, and best practices.• Cybersecurity laws, regulations, and issues.• Governance and internal controls.• Financial analysis.• Accounting.• The use of blockchain analytics software.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, 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.

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: Contingent 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 24, 2025 to the email address listed below. Please include the Box # (Box VCS-FFS4C-10514) 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 VCS-FFS4C-10514New 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 interview.Public 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.