Compliance Specialist (Financial Services Specialist 1 (Compliance))
: Job Details :

Compliance Specialist

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.

Duties

Duties include, but are not limited to, the following:

• Assists Senior Specialists with statistical analysis in support of consumer focused 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 examinations;
• Reviews fair lending plans of institutions requested by Licensed Financial Services (LFS) and DFS business units;
• May run call reports for exams;
• Assists in analyzing exam findings to determine whether patterns of discriminatory practices exist;
• Tests the accuracy, integrity, and consistency of data received from institutions; and
• Other duties, as assigned.
• Travel may be required up to 10%.

Minimum Qualifications

Preferred Qualifications:

• Knowledge of Consumer Compliance, Fair Lending and Consumer Reinvestment Act regulations and examination requirements.
• Experience with MS Access and MS Excel.
• Experience in data/statistical analyses.
• 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: 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 two (2) years of specialized experience in one 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.

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 $66,951 with periodic increases up to $85,138.

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 $4000 annual downstate adjustment.

Appointment Status: Permanent.

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