Foreign and Wholesale Banks Compliance Specialist, (Financial Services Specialist 2 (Compliance), SG-23)

Foreign And Wholesale Banks 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. The Department of Financial Services is seeking candidates for the position of Foreign and Wholesale Banks Compliance Specialist in Foreign and Wholesale Banks. Duties include, but are not limited to, the following :

• Oversees and assesses processes to ensure compliance with applicable laws and regulations in smaller and less complex financial institutions;
• Evaluates the adequacy of policies, procedures and controls, internal audit function, corporate governance and compliance management systems, BSA / AML, systems and technology, financial condition and management policies governing earnings, liquidity, rate sensitivity, income and expense accounts, and compliance with parts 500 and 504;
• Assesses compliance with applicable laws and regulations intended to ensure an institution's capital adequacy and capital planning process and senior management's strategic business plan;
• Assists in aggregating assessments of an institution's compliance with applicable laws and regulations into a single coherent report;
• Assists in ensuring institutions' compliance with applicable laws and regulations, supporting the team as the primary contact for a portfolio of institutions;
• Performs in-house reviews of written compliance assessments, including supporting comments and workpapers, and communicate the results of assessments to the institutions;
• Assesses the adequacy of management responses to compliance assessments;
• Maintains up to date institutional profiles, in-house databases reflecting all correspondence and supervisory actions taken, if any;
• Monitors institution's financial condition, compliance with laws and regulations and regulatory reporting, including determining if the volume of liquid assets appears appropriate in light of the volatility and historic record of the branch structure;
• Meets with bank management to discern present plans, trends and problems, and to discuss significant findings or other compliance concerns;
• Monitors institutions compliance with the Department's supervisory policies and procedures;
• Recommends administrative actions, fines, penalties or suspension or revocation of licenses or charters where circumstances warrant; and
• Other duties 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, 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 three (3) years of specialized experience in one (1) of the following :

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 $109,650.

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 Permanent.

Appointment 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.

To Apply : Interested qualified candidates must submit a resume and letter of interest no later than November 4, 2025 to the email address listed below. Please include the Box # (Box FWBCS-FSS2C-10415) in the subject line of your email to ensure receipt of your application. Email submissions are preferred.

Kara Waters

Box FWBCS-FSS2C-10415

New York State Department of Financial Services

Office of Human Resources Management

One Commerce Plaza, Suite 301

Albany, NY 12257

Email : NCE.Notifications@dfs.ny.gov

Fax : (518) 402-5071

Public Service Loan Forgiveness : Employment 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.

Americans With Disabilities Act : Reasonable Accommodations : Under 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. All people with disabilities are encouraged to apply to all jobs for which they meet the minimum qualifications.