Principal Risk Management Specialist, SG-29 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 Principal Risk Management Specialist, SG-29 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 29 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 $118425 to $145039 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 New York The street address where the vacancy is located. Street Address One State Street The city where the vacancy is located. City New York The state where the vacancy is located (the default is New York). State NY The zip code where the vacancy is located. Zip Code 10004 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 Principal Risk Management Specialist in the Banking Division. Duties include, but are not limited to, the following: Principal Risk Management Specialist within the Banking Division, Banking Division. Duties include, but are not limited to, the following:

• Provides assistance and guidance to other divisions or bureaus on various aspects of capital markets activities and risk management in NYSDFS regulated institutions;
• Participates in the planning, organizing, coordinating and the conducting of examinations of capital markets activities and associated risk management at supervised institutions;
• Evaluates the overall impact of risk management activities on a supervised institution;
• Reviews regulated institutions policies and procedures;
• Assesses the adequacy of records systems and controls governing capital markets operations;
• Prepares examination reports and discusses findings with institutional management;
• Coordinates the implementation of supervisory action regarding problems disclosed during the examination of capital markets activities at supervised institutions;
• Provides in-depth analysis of trading activities including positions, strategies and risk profiles in capital markets areas;
• Researches and analyzes technical issues concerning risk management and capital markets;
• Evaluates the impact of new products on the operations of regulated institutions;
• Provides risk management and capital markets specific support to Central Point of Contacts/Relationship Managers; and
• Other duties as assigned.

The minimum qualifications required for this vacancy.

Minimum Qualifications Appointment method:

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

Non-Competitive:

Bachelor’s Degree and seven years of experience. Four years of the experience must have been in analyzing and managing the trading, underwriting, hedging, or risk management of capital markets instruments by banks or other financial institutions. Experience in the audit or regulatory examination of capital markets may substitute for part or all of the required experience.

Substitution:

A Bachelor’s Degree in finance, economics, accounting, mathematics or business administration may substitute for two years of the 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 $118,425 with periodic increases up to $145,039. 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:

Contingent 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. The name of the contact person for this vacancy. Name Kara Waters 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 July 10, 2025 to the email address listed below. Please include the Box # (Box

PRMS-04222

) 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. Kara Waters Box

PRMS-04222

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.