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NY HELP No

Agency Financial Services, Department of

Title Surveillance Operations Analyst (Financial Services Specialist 2 (Risk), SG-23)

Occupational Category Financial, Accounting, Auditing

Salary Grade 23

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

Salary Range From $86681 to $109650 Annually

Employment Type Full-Time

Appointment Type Permanent

Jurisdictional Class Non-competitive Class

Travel Percentage 0%

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 Services Specialist 2 (Risk) in the Entity Risk Management function Data Architecture team. The Financial Services Specialist 2 (Risk) will be responsible for designing and overseeing the architecture that supports the integration, storage, and processing of data within the New York State Department of Financial Services (DFS). This individual will collaborate closely with business and IT teams to ensure the architecture efficiently handles both internal and external data feeds, enabling high-quality, consistent, and timely insights into entities under the DFS's supervision. They will be tasked with optimizing database performance, ensuring scalability, and enabling advanced analytics and reporting to support entity risk management functions.This position requires a highly skilled data architect with experience in data modeling, integration, and ensuring the quality of data in regulatory and financial environments. The role demands a collaborative mindset, strong problem-solving skills, and a solid understanding of the financial services industry, including risk management and compliance requirements.Duties include, but are not limited to, the following:• Surveillance Strategy Development & Implementation:o Develops and implements comprehensive strategies for monitoring risk across all supervised entities, ensuring alignment with DFS' organizational goals and regulatory requirements.o Oversees the daily surveillance operations to track and assess potential risks and performance issues across various portfolios at the entity level.o Ensures that surveillance strategies are dynamic and adaptable to changing risk profiles, market conditions, and regulatory shifts.• Data Collection & Analysis:o Manages the collection and integration of surveillance data from multiple sources to identify trends, anomalies, and emerging risks across DFS-supervised entities.o Works closely with the Risk Data & Analytics Manager to analyze surveillance data, providing support for in-depth risk analyses and reporting on entity-level risks.o Collaborates with internal teams to ensure that surveillance data is accurate, complete, and relevant for risk detection and reporting.• Incident Detection & Response:o Leads efforts to detect, investigate, and respond to incidents, irregularities, or potential risks in real time.o Coordinates with examination staff, central points of contact (CPCs), and other personnel to mitigate identified risks swiftly and effectively.o Establishes protocols for incident response, ensuring timely escalation, investigation, and resolution of irregularities.• Surveillance Reporting & Documentation:o Produces regular surveillance reports that summarize findings, risks, and recommended actions to senior leadership and relevant stakeholders.o Ensures that surveillance reports are clear, actionable, and align with DFS' strategic priorities and regulatory requirements.o Documents surveillance processes, findings, and actions taken to ensure transparency and compliance with internal policies and external regulations.o Oversees the selection, implementation, and maintenance of surveillance technologies and tools to support efficient risk monitoring and reporting.• Collaboration with Stakeholders:o Works closely with examination teams, CPCs, and other key stakeholders to ensure surveillance efforts are aligned with DFS’ organizational priorities and regulatory standards.o Provides regular updates and insights to senior management regarding surveillance findings and emerging risks.• Other duties as assigned.

Minimum Qualifications Preferred Qualifications• Professional Risk Managers' International Association certifications: o Associate Professional Risk Managero Credit and Counterparty Managero Market, Liquidity and Asset Liability Management Risk Managero or any other risk-related certifications• Project Management Institute: Portfolio Management ProfessionalAppointment Method: Candidates must meet the minimum qualifications listed below in order to be eligible for appointment.Non-Competitive: A Bachelor’s Degree in Auditing, Business, Business Administration, Economics, Econometrics, Finance, Mathematics, Market Analysis, Quality Assurance, or Risk Management and three (3) years of specialized experience in the following:• Defining, assessing and analyzing events/circumstances which impact the financial services institutions/markets. • Performing financial and economic risk analysis, including portfolio risk analysis, credit, market and counterparty risk stress testing and stress test scenario development. • Reviewing traded products, related derivative and cash securities pricing techniques, Value-at-Risk, and/or counterparty credit risk modeling including measurement of wrong way risk and CVA. • Using market-based risk indicators, including equity and debt-linked default probability models. • Using fundamentals-based early warning risk indicators, including accounting-based distress prediction models.• Conducting predictive financial institution insolvency analysis.• Reviewing global post-financial crisis approaches to financial institution resolution planning, including experience and expertise with approaches to systemic institution definitions and resolution planning policy and implementation; experience and expertise in key attributes of effective resolution systems and measures to implement them.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 $86,681 with periodic increases up to $109,650Positions 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: Permanent

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

Name Nate Keiper

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 June 30, 2025 to the email address listed below. Please include the Box # (Box FSS2R-10280) 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.Nate KeiperBox FSS2R-10280New 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.