Financial Crime Risk Specialist 4

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, Banking, Business, Business and
Technology, Commerce, Criminal Justice, Finance, Economics, Econometrics, International or Public Affairs, Law, Statistics,
or Mathematics and five (5) years of specialized experience in one (1) of the following of which two (2) years must have been
at a supervisory level:

• Evaluating financial institution Financial Crime Risk (BSA/AML, CIP, OFAC/Sanctions, CTF) in a management,

compliance or audit environment.

• Developing and implementing Financial Crime Risk management or compliance policies, programs and procedures.

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.

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 Financial Crime Risk Specialist in the Banking
Management unit within the Banking Division. Duties include, but are not limited to, the following:

• Supports the Department’s examination and supervisory work, including planning, execution, and review processes,

particularly as pertains to entities under the supervision of the Banking Division;

• Serves as an expert resource on Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and related matters for the

Banking Division, including applications, examinations, and non-periodic supervision as needed;

• Supports supervisory oversight and surveillance processes by prioritizing issues requiring immediate or early supervisory

attention;

• Assists in review and revision of BSA/AML- and sanctions-related examination policies and procedures, including first day letters, work programs, and other related materials;
• Assists in the review of licensing and change of control applications for compliance with BSA/AML and Office of Foreign

Assets Control (OFAC) program requirements, and in providing feedback to support compliance and remedial measures,
as appropriate;

• Explains deficiencies and needed features of BSA/AML and related policies, procedures, and programs of applicants

clearly and concisely in written memoranda and in conferences with DFS colleagues and with applicants and their
outside counsel;

• Consults on, and possibly conducts, BSA/AML and related examinations and supervisory reviews of DFS-chartered and

licensed regulated entities;

• Conducts analysis of suspicious activity, including referrals from internal sources, account activity monitoring, and

transaction monitoring;

• Provides assistance in conducting investigations of suspicious activity and required documentation;
• Reviews compliance with remediation requirements under enforcement programs;
• Maintains a good understanding of, and remains current on, all legal and regulatory changes and developments relating

to the Bank Secrecy Act, and related anti-money laundering regulations, and OFAC regulations;

• Presents analyses and findings to colleagues and leadership at DFS, including making reasoned recommendations for

agency action;

• Participates in the setting and execution of DFS policy, particularly regarding matters that touch on BSA/AML, OFAC, and

related compliance;

• May supervise lower level staff; and
• Other appropriate and occupationally related duties and special projects as assigned