Virtual Currency Application Analyst (Financial Services Specialist 1 Compliance, SG-18) Position Available In New York, New York

Date Posted:

06/11/25

Applications Due:

07/30/25

Vacancy ID:

190040 Position Information NY HELPNo AgencyFinancial Services, Department of TitleVirtual Currency Application Analyst (Financial Services Specialist 1 Compliance, SG-18) Occupational CategoryFinancial, Accounting, Auditing Salary Grade18 Bargaining UnitPS&T – Professional, Scientific, and Technical (PEF) Salary RangeFrom $66951 to $85138 Annually Employment TypeFull-Time Appointment TypePermanent Jurisdictional ClassNon-competitive Class Travel Percentage10% Schedule WorkweekMon-Fri Hours Per Week37.5 Workday From8 AM To6 PM Flextime allowed?

No Mandatory overtime?

No Compressed workweek allowed?

No Telecommuting allowed?

Yes Location CountyTo Be Determined Street AddressAlbany- One Commerce Plaza NYC- One State Street CityAlbany or NYC StateNY Zip Code12257 Job Specifics Duties DescriptionThe 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 Virtual Currency Application Analyst in the Limited Purpose Trust Unit within the Research & Innovation Division. The Virtual Currency Application Analyst serves as a specialist for the application team for Limited Purpose Trust, including companies seeking charters enabling them to engage in virtual currency business activities. Travel may be required within and outside New York State.
Duties include, but are not limited to, the following:

• Prepares comprehensive summaries of reviews done in support of applications and tracks progress throughout the lifecycle of an application;
• Supports the supervision of Limited Purpose Trust Charters for compliance with relevant laws, regulations, guidance, and supervisory expectations;
• Supports the build-out of or enhancements to internal policies and procedures related to applications, supervision, and examination processes;
• Remains up-to-date on best practices and laws and regulations of financial institutions, including those that deal with Virtual Currency, blockchain monitoring and blockchain analytics transaction sampling for purposes including the validation of transaction monitoring and sanctions screening systems; verification of claimed Virtual Currency holdings; validation of stablecoin backing assets; auditing of the self-certification of coin listings by regulated companies; and observation of the application of anti-fraud and market-manipulation policies and procedures;
  • Reviews and processes applications for Limited Purpose Trust Charters and participates in the oversight of regulated entities, including applications to adopt material changes of business;
  • Communicates with and presents to senior management, verbally and in written memoranda and presentations, analyzes issues and/or recommends DFS action on any issues encountered in connection with the above; and
  • Supports new initiatives around policy supervision and internal processes
  • Maintains all institution files in shared records locations and ensures senior staff have access to relevant information; Minimum QualificationsPreferred Qualifications Experience in one or more of the following:
  • Virtual currency.

• Bank Secrecy Act/Anti-Money Laundering (BSA/AML), Office of Foreign Assets Control (OFAC), and related New York Banking laws, regulations, and best practices.
• Cybersecurity laws, regulations, and issues.
• Internal controls / governance.
• The use of blockchain analytics software.

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, Business, Business Administration, Business and Technology, Commerce, Consumer Sciences, Computer Science, Criminal Justice, Economics, Econometrics, Finance, Information Systems, Information System Engineering, Internal Controls, Health, Health Administration, Law, Mathematics, Public Administration, Public Affairs, Public Health, or Public Policy and two (2) years of specialized experience in one of the following:

• Evaluating the adequacy of board and management oversight of the financial institutions’ compliance programs.
• Reviewing lending, deposit, insurance and other transactions to determine compliance with Financial Service’s applicable laws/regulations.
• Identifying financial institutions’ potentially unfair, deceptive, abusive or discriminatory acts or practices.
• Reviewing financial institution programs, policies and procedures for compliance with legal and regulatory requirements.
• Evaluating financial costs for the failure of financial services entities to adhere or comply with New York State, federal, or other states financial services laws.

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 CommentsPlease note that a change in negotiating unit may affect your salary, insurance and other benefits.

Salary:

The starting salary for this position is $66,951 with periodic increases up to $85,138 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 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. How to Apply NameBrian Tighe Telephone Fax(518) 402-5071 Email AddressNCE.Notifications@dfs.ny Address StreetOne Commerce Plaza Suite 301 CityAlbany StateNY Zip Code12257 Notes on

ApplyingTo Apply:

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

VCAA-FSS1C-10392

) in the subject line of your email to ensure receipt of your application. Email submissions are preferred. Brian Tighe
Box

VCA-FSS1C-10392

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

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: ://studentaid/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.