Job Description

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 Director for Virtual Currency Applications in Virtual Currency. Duties include, but are not limited to, the following:

• Manages a team of staff responsible for reviewing applications for BItlicense (BTL) and Limited Purpose Trust Company (LPTC) licenses;
• Oversees and participates in the application process for BitLicensees and Limited Purpose Trust Companies, to ensure compliance with relevant laws, regulations, guidance, and supervisory expectations;
• Supports the enhancements to internal policies and procedures related to BitLicense and Limited Purpose Trust Company applications process;
• Works with the VC and LPTC Deputies to maintain an accurate tracker of all applications and assist in the prioritization or resources;
• Conducts reviews and provides feedback on applications for Licenses and Charters, including as it relates to BSA/AML, sanctions, and fraud compliance; cybersecurity; business plans and financial statement analysis; and background vetting related to applications;
• Coordinates with the Licensed Financial Services (LFS) unit with regard to applications for dual licensing under both the Bitlicense and money transmission frameworks;
• Serves as a mentor and coach to other staff;
• Works with the Specialty Teams on necessary high-risk reviews, and appropriate training and support for applications staff;
• Communicates with and presents to senior and executive management, both orally and in written memoranda and presentations, concerning analyses of issues and/or recommendations of DFS action on any issues encountered in connection with the above; 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 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.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 $141,509 with periodic increases up to 170,993.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.

New York State