Assistant Deputy Superintendent for Licensed Financial Services, NS

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 Assistant Deputy Superintendent for Licensed Financial Services in Licensed Financial Services Division. Duties include, but are not limited to, the following:

• Advises and confers with the unit head to ensure accurate and timely completion of the unit’s mandates and projects, and Department’s initiatives;
• Assists with managing, making assignments, coordinating, and scheduling of the activities for those directly supervised;
• Directly supervises, provides guidance, and prepares performance programs and evaluations for direct reports of Financial Services Examiners at various salary grade levels, and Trainees;
• Makes recommendations for new legislation and amendments to existing state legislation/regulations affecting various industries within the unit;
• Assists with reviewing, analyzing, and providing feedback to examiners on draft examination reports including supporting comments and recommendations, particularly for complex and problem entities;
• Prepares and/or reviews various memoranda, and other supervisory material and makes recommendations to the unit head;
• Holds meetings with management and external counsel to discuss trends, problems, and significant examination results;
• Revises and formulates new guidelines to the unit’s operating procedures;
• Determines whether circumstances warrant approval, denial, or additional license/s on complex notifications received from licensees;
• Ensures that communication is forwarded to parties whose activities might require licensing and makes sure follow up is made for proper disposition;
• Coordinates with the Department’s in-house counsel as well as licensees or outside counsel, state regulators, on various planned or existing activities;
• Ensures section’s records are appropriately maintained;
• Represents the Department at various conferences, seminars, and trade association meetings;
• Assists on various special projects and other duties, as needed.

Minimum Qualifications

Preferred Qualifications

• At least 11 years of banking experience with strong knowledge of banking policies and procedures and bank examination standards and processes;

o Substitutions: Associate degree may substitute for two years of specialized experience; bachelor's degree may substitute for four years of specialized experience; master's degree may substitute for five years of specialized experience; J.D. may substitute for six years of specialized experience; Ph.D. may substitute for seven years of specialized experience.

• At least five years of experience supervising a large team of examiners;
• At least five years regulatory experience supervising large complex institutions, including planning and conducting
• mandated examinations on an annual basis;
• Ability to supervise and participate or lead on various projects; and
• Strong written and oral communication skills

Appointment Method:

This is an appointment to a position in the exempt jurisdictional class. As such, the incumbent of this position would serve at the pleasure of the appointing authority.