What are the responsibilities and job description for the Deputy Superintendent for Nonbank Supervision, NS position at Financial Services, Department of?
The duties that the incumbent of the vacancy will be expected to perform. 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 Deputy Superintendent for Nonbank Supervision in the Banking Division. Reporting to the Senior Deputy Superintendent for Nonbank Supervision, the Deputy Superintendent for Nonbank Supervision will assist in overseeing the Licensed Financial Services (LFS) and Mortgage Banking (MB) units, responsible for managing the supervision and examination of companies within the units. LFS supervises licensees across six industries: money transmitters, check cashers, sales finance companies, licensed lenders, budget planners and premium finance agencies. Licensees are supervised and examined by LFS examiners for safety and soundness and compliance with applicable laws and regulations. Similarly, MB supervises licensees and registrants in mortgage-related industries, including mortgage bankers, mortgage brokers, mortgage loan servicers and mortgage loan originators. Licensees and registrants are supervised and/or examined by MB examiners for safety and soundness and compliance with applicable laws and regulations. Duties include, but are not limited to, the following: • Assists with establishing policies, procedures and appropriate supervisory actions relating to the operations of both LFS and MB;• Assists with developing a hiring and staffing strategy for LFS and MB personnel;• Reviews and advises on New York State laws, rules, regulations and policies and procedures of DFS that may impact entities regulated by LFS and MB, while staying informed on regulatory changes that may impact such institutions; • Assists with DFS’s efforts in coordinating with other regulatory agencies on the supervision of LFS and MB entities; • Advises the Senior Deputy Superintendent of Nonbank Supervision on all matters falling within the scope of assigned responsibility and makes necessary recommendations;• Assists with special agency-wide initiatives, including as proposed by senior leadership and the Superintendent; and• Other duties as assigned.
The minimum qualifications required for this vacancy. Minimum Qualifications Preferred Qualifications• A bachelor’s degree, law degree, and at least 10 years of relevant work experience, which includes 5 years in the banking or financial services industry (regulatory examination experience a plus).• Managerial experience, including a demonstrated ability to supervise large teams.• Familiarity with financial services regulation and New York Banking and Financial Services Laws.• Strong analytical and writing 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.
Additional comments regarding the vacancy. Additional Comments Please note that a change in negotiating unit may affect your salary, insurance and other benefits.Salary: $167,754 - $207,762 (salary commensurate with experience)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: This is an appointment to a position in the exempt jurisdictional class.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.
The minimum qualifications required for this vacancy. Minimum Qualifications Preferred Qualifications• A bachelor’s degree, law degree, and at least 10 years of relevant work experience, which includes 5 years in the banking or financial services industry (regulatory examination experience a plus).• Managerial experience, including a demonstrated ability to supervise large teams.• Familiarity with financial services regulation and New York Banking and Financial Services Laws.• Strong analytical and writing 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.
Additional comments regarding the vacancy. Additional Comments Please note that a change in negotiating unit may affect your salary, insurance and other benefits.Salary: $167,754 - $207,762 (salary commensurate with experience)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: This is an appointment to a position in the exempt jurisdictional class.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.
Salary : $167,754 - $207,762
