Virtual Currency Senior Blockchain Analyst (Financial Services Specialist 2 (Financial Crimes Risk), SG-23)

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.

Duties

The Department of Financial Services is seeking candidates for the position of Virtual Currency Senior Blockchain Analyst, (Financial Services Specialist 2 (Financial Crimes Risk)) in Virtual Currency. Duties include, but are not limited to, the following:

• Evaluates on-chain illicit activity risk leveraging attribution from multiple blockchain analytics tools;
• Monitors dashboards daily identifying data anomalies and exposure to high-risk illicit activity.
• Conduct ongoing research identifying new financial crime transaction patterns and typologies, escalating and presenting findings to management;
• Proactively monitors and evaluates licensed entities on-chain direct/indirect exposure to OFAC designations, FinCEN Section 9714 Orders, 311 Special Measures, terrorist financing, mixers, darknet markets, CSAM, ransomware, scams, and other illicit activities;
• Execute on triggered/ad hoc alerts by conducting complex investigations, using a suite of blockchain analytics and due diligence tools. Document findings in PowerPoint decks and present findings to management.
• Drafts Request for Information (RFI) documents and engages with licensed entities as needed to ensure compliance with state and federal regulations, guidance, warnings and expectations outside examination cycle;
• Serves as a resource on crypto related BSA/AML matters for all functions of the Virtual Currency & VC Limited Purpose Trust Units, including applications, supervision, examinations, and the consideration of material-change-of-business requests;
• Prepares comprehensive reports documenting findings when performing investigations, licensing reviews, and examinations.
• Remains current on the evolving financial crime risks and typologies, existing and emerging blockchains, tokens, and technologies impacting industry risk;
• Identifies areas for enhancing the Virtual Currency Financial Crimes ongoing monitoring processes related to the use of blockchain analytics and internal dashboards;
• Maintains a solid understanding of the BSA/AML laws, regulations, guidance, and best practices, relevant to assessing risk-based Anti-money laundering programs (AML) within the virtual currency space;
• Assists management in the development, review and revision of Financial Crime related policies and procedures;
• Presents analyses and findings to colleagues and leadership at DFS, often making reasoned recommendations for agency action;
• Ability to read and write fluently in English;
• Other appropriate and occupationally related duties as assigned; and
• Travel may be required up to 25%.
  
  

Preferred Qualifications

Minimum Qualifications

Subject matter expertise and/or experience in one or more of the following are preferred:

• 5 years of experience working in the Financial Industry
• 2 years of direct experience working in the crypto industry utilizing blockchain analytics and other investigation tools, including OSINT, due diligence, dashboards, etc.
• Subject matter expertise in financial crime risk, typologies, fraud, virtual assets, blockchain analytics, Bank Secrecy Act/Anti-Money Laundering (BSA/AML), Sanctions (OFAC), and related laws, regulations, guidance, and best practices;
• General knowledge of cybersecurity laws, regulations, and industry issues;
• Valid (non-expired) certifications held:
• Blockchain Analytics Tool Certification(s)
• Association of Certified Anti-Money Laundering Specialists: Certified Anti-Money Laundering Specialist, Certified Cryptoasset AFC Specialist, Certified Anti-Fraud Specialist, Certified Global Sanctions Specialist, Advanced AML Audit Certification, Advanced Financial Crimes Investigations Certification,
• Association of Certified Financial Crime Specialists: Certified Financial Crime Specialist
• Association of Certified Fraud Examiners: Certified Fraud Examiner
• American Bankers Association: Certified AML and Fraud Professional; ABA Certificate in BSA and AML Compliance; ABA Certificate in Fraud Compliance; Certified Regulatory Compliance Manager
  
  

Appointment Method

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

Non-Competitive

Seven (7) years of specialized experience in one (1) of the following:

• 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.
  
  

An 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.

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 $90,582 with periodic increases up to $114,585.

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