Deputy Superintendent for Bank Supervision (Director Financial Services Programs 3, NS)

Description

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 Bank Supervision in the Banking Division. Reporting to the Senior Deputy Superintendent for Bank Supervision, the Deputy Superintendent for Bank Supervision will assist in overseeing the Banking Division, with a focus on the Community and Regional Banks (CRB) and Foreign and Wholesale Banks (FWB) units, responsible for managing the supervision and examination of companies within the units.

Together, CRB and FWB charter and license all depository institutions overseen by the Department. As of 2024, CRB’s portfolio included more than 70 institutions (including commercial banks, trust companies, savings banks, and credit unions), with aggregate assets of supervised institutions of over $385 billion. As of 2024, FWB’s portfolio included approximately 120 institutions (including U.S. wholesale banks and branches, agencies, and representative offices of foreign banking organizations oversee by the Department), with aggregate assets of more than $2.8 trillion subject to FWB oversight.

Duties Include, But Are Not Limited To, The Following

• Assists with establishing policies, procedures, and appropriate supervisory actions relating to the activities and operations of the Banking Division;
• Assists with developing a hiring and staffing strategy for the Banking Division;
• Reviews and advises on New York State laws, rules, regulations and policies and procedures of DFS that may impact depository entities regulated by DFS, while staying informed on regulatory changes that may impact such institutions;
• Participates in the development and implementation of Department policy, including the development of draft legislation, regulations, and comment letters, among others;
• Works with Division management and staff to ensure laws, rules, regulations, and policies are implemented timely and consistently, and ensures that Division staff are provided with appropriate training and resources;
• Assists with DFS’s efforts in coordinating with other regulatory agencies on the supervision of FWB and CRB entities;
• Keeps current on regulatory developments relevant to the supervision of FWB and CRB entities and advises management and colleagues on the same;
• Advises the Banking Division leadership 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.
  
  

Preferred Qualifications

Minimum Qualifications

• 14 years of specialized work experience of relevant work experience, which includes 5 years in the banking or financial services industry (regulatory examination experience a plus).
• Substitutions: Associate degree may substitute for two years of specialized experience; bachelor's degree may substitute for four years of specialized experience; master's degree may substitute for five years of specialized experience; J.D. may substitute for six years of specialized experience; Ph.D. may substitute for seven years of specialized experience
• 5 years of 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

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

Salary: $172,787 - $213,995 (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 $4,000 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.