Surveillance Operations Analyst (Financial Services Specialist 2 (Risk), SG-23) Position Available In New York, New York

Basics Schedule Location Job Specifics How to Apply Indicates whether if this vacancy posting is part of the

NY HELPS

Program. NY HELP No The agency in which the vacancy exists. Agency Financial Services, Department of The job title for the vacancy. Title Surveillance Operations Analyst (Financial Services Specialist 2 (Risk), SG-23) The job title for the vacancy. Occupational Category Financial, Accounting, Auditing The salary grade for this vacancy. Salaries are determined by salary grade and bargaining unit. Salary Grade 23 The collective bargaining unit to which this vacancy is assigned. Bargaining Unit PS&T – Professional, Scientific, and Technical (PEF) The minimum and maximum of the salary range for this vacancy. Salary Range From $86681 to $109650 Annually Indicates whether this job is full-time or part-time. If the job is part-time, an estimated percentage will be provided. Employment Type Full-Time This indicates the type of job, typically permanent, temporary, or provisional. ‘Provisional’ means that the appointment will be temporary until the incumbent takes and passes an appropriate civil service examination. Appointment Type Permanent Jurisdictional class is the indicator for how this job can be filled. The classified service is governed by the Civil Service Commission, and consists of competitive, non-competitive, exempt, and labor classes. ‘Competitive class’ indicates that the applicant must take and pass an appropriate civil service examination. ‘Non-competitive class’ indicates that the applicant’s qualifications will be evaluated without a civil service examination. ‘Exempt class’ indicates that the applicant will be evaluated by methods other than competitive or non-competitive, and that incumbents will not be granted tenure. ‘Labor class’ requires that applicants possess skills or other physical characteristics that cannot effectively be evaluated by other means. The unclassified service is legislatively defined, and includes such positions as elected officials, department and agency heads, and all academic personnel in public schools, colleges, and universities. Jurisdictional Class Non-competitive Class Estimates the percentage of time incumbents of this vacancy will be required to travel. Travel Percentage 0% This provides information on the expected workweek. Workweek Mon-Fri The number of hours in the workweek, typically 37.5 or 40 for full time, or any other number for part time. Hours Per Week 37.5 Workday The start time for this vacancy. If the agency employs flextime, this will be the earliest time this vacancy’s shift can start. From 8 AM The end time for this vacancy. If the agency employs flextime, this will be the latest time this vacancy’s shift can end. To 6 PM If checked, the agency allows flextime. Flextime allowed? No If checked, this vacancy includes mandatory overtime. Mandatory overtime? No If checked, this agency allows compressed workweek scheduling. Compressed workweek allowed? No If checked, this agency allows telecommuting for this position. Telecommuting allowed? Yes The county in which the vacancy is located. County To Be Determined The street address where the vacancy is located. Street Address Albany- One Commerce Plaza NYC- One State Street The city where the vacancy is located. City Albany or NYC The state where the vacancy is located (the default is New York). State NY The zip code where the vacancy is located. Zip Code 12257 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 Financial Services Specialist 2 (Risk) in the Entity Risk Management function Data Architecture team. The Financial Services Specialist 2 (Risk) will be responsible for designing and overseeing the architecture that supports the integration, storage, and processing of data within the New York State Department of Financial Services (DFS). This individual will collaborate closely with business and IT teams to ensure the architecture efficiently handles both internal and external data feeds, enabling high-quality, consistent, and timely insights into entities under the DFS’s supervision. They will be tasked with optimizing database performance, ensuring scalability, and enabling advanced analytics and reporting to support entity risk management functions. This position requires a highly skilled data architect with experience in data modeling, integration, and ensuring the quality of data in regulatory and financial environments. The role demands a collaborative mindset, strong problem-solving skills, and a solid understanding of the financial services industry, including risk management and compliance requirements. Duties include, but are not limited to, the following: •

Surveillance Strategy Development & Implementation:

oDevelops and implements comprehensive strategies for monitoring risk across all supervised entities, ensuring alignment with DFS’ organizational goals and regulatory requirements. oOversees the daily surveillance operations to track and assess potential risks and performance issues across various portfolios at the entity level. oEnsures that surveillance strategies are dynamic and adaptable to changing risk profiles, market conditions, and regulatory shifts. •

Data Collection & Analysis:

oManages the collection and integration of surveillance data from multiple sources to identify trends, anomalies, and emerging risks across DFS-supervised entities. oWorks closely with the Risk Data & Analytics Manager to analyze surveillance data, providing support for in-depth risk analyses and reporting on entity-level risks. oCollaborates with internal teams to ensure that surveillance data is accurate, complete, and relevant for risk detection and reporting. •

Incident Detection & Response:

oLeads efforts to detect, investigate, and respond to incidents, irregularities, or potential risks in real time. oCoordinates with examination staff, central points of contact (CPCs), and other personnel to mitigate identified risks swiftly and effectively. oEstablishes protocols for incident response, ensuring timely escalation, investigation, and resolution of irregularities. •

Surveillance Reporting & Documentation:

oProduces regular surveillance reports that summarize findings, risks, and recommended actions to senior leadership and relevant stakeholders. oEnsures that surveillance reports are clear, actionable, and align with DFS’ strategic priorities and regulatory requirements. oDocuments surveillance processes, findings, and actions taken to ensure transparency and compliance with internal policies and external regulations. oOversees the selection, implementation, and maintenance of surveillance technologies and tools to support efficient risk monitoring and reporting.

• Collaboration with

Stakeholders:

oWorks closely with examination teams, CPCs, and other key stakeholders to ensure surveillance efforts are aligned with DFS’ organizational priorities and regulatory standards. oProvides regular updates and insights to senior management regarding surveillance findings and emerging risks.

• Other duties as assigned. The minimum qualifications required for this vacancy. Minimum Qualifications Preferred Qualifications
• Professional Risk Managers’ International Association certifications: oAssociate Professional Risk Manager oCredit and Counterparty Manager oMarket, Liquidity and Asset Liability Management Risk Manager oor any other risk-related certifications

•

Project Management Institute:

Portfolio Management Professional Appointment Method:

Candidates must meet the minimum qualifications listed below in order to be eligible for appointment.

Non-Competitive:

A Bachelor’s Degree in Auditing, Business, Business Administration, Economics, Econometrics, Finance, Mathematics, Market Analysis, Quality Assurance, or Risk Management and three (3) years of specialized experience in the following:

• Defining, assessing and analyzing events/circumstances which impact the financial services institutions/markets.
• Performing financial and economic risk analysis, including portfolio risk analysis, credit, market and counterparty risk stress testing and stress test scenario development.
• Reviewing traded products, related derivative and cash securities pricing techniques, Value-at-Risk, and/or counterparty credit risk modeling including measurement of wrong way risk and CVA.
• Using market-based risk indicators, including equity and debt-linked default probability models.
• Using fundamentals-based early warning risk indicators, including accounting-based distress prediction models.
• Conducting predictive financial institution insolvency analysis.
• Reviewing global post-financial crisis approaches to financial institution resolution planning, including experience and expertise with approaches to systemic institution definitions and resolution planning policy and implementation; experience and expertise in key attributes of effective resolution systems and measures to implement them.

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. Additional comments regarding the vacancy. 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 $86,681 with periodic increases up to $109,650 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 $4,000 annual downstate adjustment.

Appointment Status:

Permanent Some positions may require additional credentials or a background check to verify your identity. The name of the contact person for this vacancy. Name Nate Keiper The telephone number to use for questions about this vacancy. Telephone The fax to use for this vacancy. Fax (518) 402-5071 Email address for emailing applications, or to ask questions about this vacancy. Email Address NCE.Notifications@dfs.ny.gov Address The street address of the contact for this vacancy. Street One Commerce Plaza Suite 301 The city for the contact for this vacancy. City Albany The state of the contact for this vacancy (the default is New York). State NY The zip code for the contact for this vacancy. Zip Code 12257 Instructions for potential applicants. Notes on

Applying To Apply:

Interested qualified candidates must submit a resume and letter of interest no later than June 30, 2025 to the email address listed below. Please include the Box # (Box

FSS2R-10280

) 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. Nate Keiper Box

FSS2R-10280

New York State Department of Financial Services Office of Human Resources Management One Commerce Plaza, Suite 301 Albany, NY 12257

Email:

NCE.Notifications@dfs.ny.gov

Fax:

(518) 402-5071 All candidates that apply may not be scheduled for an interview. Public Service Loan Forgiveness Employment 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-service

AMERICANS WITH DISABILITIES ACT

REASONABLE

ACCOMMODATIONS

Under 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.