NY HELP No Agency Financial Services, Department of Title Senior Director of Limited Purpose Trusts (Director Financial Services Programs 2, SG-33) Occupational Category Other Professional Careers Salary Grade 33 Bargaining Unit PS&T - Professional, Scientific, and Technical (PEF) Salary Range From $141509 to $170993 Annually Employment Type Full-Time Appointment Type Permanent Jurisdictional Class Non-competitive Class Travel Percentage 25% Workweek Mon-Fri Hours Per Week 37.50 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 1 Commerce Plaza 1 State Street Ny City Albany/NY, New York State NY Zip Code 12257 Duties Description o BSA/AML, OFAC, and related laws, regulations, and best practiceso Cybersecurity laws, regulations, and best practiceso Internal controls/governanceo Financial analysis o Accounting 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 sciences, auditing, banking, business, business administration, business and technology, commerce, computer information systems, computer science, consumer sciences, criminal justice, cyber security, econometrics, economics, finance, financial administration, health, health administration, information systems, information systems engineering, information technology, internal controls, international or public affairs, law, market analysis, mathematics, public administration, public policy, risk management, statistics, taxation, or technology and eight (8) years of financial services experience with: 1) a regulated entity who has a regional, national and/or international presence; or 2) a governmental regulatory entity. This experience must include practical and technical knowledge about State, federal and/or international financial services laws, rules and regulations. Three (3) years of the experience must have been at a managerial level. Substitutions: A J.D. or a Master's Degree may substitute for one (1) year of specialized experience; and a Ph.D. may substitute for two (2) years of specialized experience. Minimum Qualifications 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 Senior Director in the Limited Purpose Trust Companies (“LPTCs”). Duties include, but are not limited to, the following:• Oversees and coordinates the teams responsible for the supervision and examination approaches of all LPTCs;• Manages teams of staff dedicated to examination and monitoring;• Coordinates intake of newly licensed entities into the examination and monitoring program;• Oversees planning and execution of scheduled and risk-based examinations;• Oversees follow-up on examination findings;• Oversees collection and review of all required reports from Limited Purpose Trust Companies;• Coordinates with shared services teams for appropriate resources and staffing;• Coordinates with other units across divisions as needed;• Stays abreast of trends in virtual currency markets, including the development of new products and services, virtual currency linked investments, the underlying technologies, data privacy, anti-money laundering initiatives, and updating stakeholders and agency management on a periodic basis;• Identifies risks and concerns identified through supervision and examination, develops and implements risk management procedures, and ensures consistent process for review across examinations and ongoing supervision;• Advises Deputy Superintendent of Limited Purpose Trust Companies on all matters falling within the scope of assigned responsibility and making necessary recommendations; • Identifies knowledge potential gaps or risks in the supervisory framework across LPTCs and recommends and performs horizontal reviews to address gaps and risks; • Assist in continuous enhancement and consistent implementation of internal examination and supervision procedures; and • Other duties as assigned.• Travel may be required up to 25% Additional Comments 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 $3,400 annual downstate adjustment.Appointment Status: 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 NCE.Notifications@DFS.ny.gov Address Street One Commerce Plaza 3rd Floor 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 February 17, 2025, to the email address listed below. Please include the Vacancy ID 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 ED-DFSP2-10086New York State Department of Financial ServicesOffice of Human Resources Management One Commerce Plaza, Suite 301Albany, NY 12257Email: NCE.Notifications@dfs.ny.govFax: (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.