Senior Manager, Data Architecture (Financial Services Specialist 4 (Risk), SG-27)
: Job Details :

Financial Services Specialist 4 (Risk)

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 Financial Services Specialist 4 (Risk) will be responsible for developing and implementing strategies to monitor risk across all entities supervised by the New York State Department of Financial Services (DFS). This individual will oversee the day-to-day operations of surveillance activities, ensuring effective tracking of performance and identifying potential risks across various portfolios at the entity level. The individual will collaborate closely with the Risk Data & Analytics team to supply surveillance data for in-depth analysis and reporting, providing valuable insights into emerging risks. The individual is responsible for helping enable exam teams and Divisions with increased knowledge and insight into the Entities they are responsible for supervising.

Additionally, the individual will lead efforts to detect, investigate, and respond to incidents or irregularities in real time, ensuring swift mitigation actions. They will produce surveillance reports summarizing findings and risks, offering recommendations for further review. This individual will also manage the selection and implementation of surveillance technologies, ensuring they are dynamic and capable of addressing the evolving risk profiles of DFS-supervised entities.

The ideal candidate will possess expertise in surveillance operations, risk monitoring, and incident response, with a keen ability to improve processes and workflows to enhance operational efficiency and effectiveness.

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

• Data Integration & Architecture
• Designs and builds strong data models for the data warehouse.
• Works with teams across the organization to bring in internal and external data sources.
• Ensures reliable and accurate data flows to support warehousing and consolidation.
• Database & Architecture Optimization
• Improves data architecture for speed, scalability, and efficiency.
• Supports real-time and historical reporting needs.
• Identifies and resolves performance issues proactively.
• Collaboration with Business & IT Teams
• Connects business, data, and IT teams to align data architecture with goals.
• Ensures integration with existing systems and workflows.
• Offers guidance on best practices for data modeling and architecture.
• Advanced Analytics & Reporting
• Builds architecture to support analytics, dashboards, and reporting.
• Partners with BI teams to meet reporting and decision-making needs.
• Enables analysis of trends relevant to regulatory oversight.
• Documentation & Reporting
• Maintains clear documentation of architecture and data flows.
• Keeps stakeholders informed with regular updates and reports.
• Ensures transparency in how data is integrated, transformed, and stored.
• Data Quality & Cleansing
• Oversees data validation and cleansing to maintain accuracy.
• Works with governance teams to enforce data quality standards.
• Sets up controls to monitor and ensure data integrity.

Other duties as assigned.

Minimum Qualifications:

• Familiarity with and ability to apply the various laws, regulations, standards, procedures, etc. to applicable duties and be able to clearly articulate them to staff;
• Ability to prioritize work to meet deadlines;
• Ability to prioritize assignments based on complexities, importance, and urgency;
• Ability to communicate verbally and in writing with persons both inside and outside the Department.

Appointment 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 five (5) years of specialized experience in the following of which two (2) years must have been at a supervisory level:

• 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.

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: Permanent.

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