New York State Department of Financial Services
Deputy Superintendent for Bank Supervision, NS
New York State Department of Financial Services, Albany, Oregon, United States, 97321
Deputy Superintendent for Bank Supervision, NS
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Deputy Superintendent for Bank Supervision, NS
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New York State Department of Financial Services Job 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 2023, CRB’s portfolio included 60 banking organization (including commercial banks, trust companies, savings banks, and credit unions), with aggregate assets of supervised institutions of over $425 billion. As of 2023, FWB’s portfolio included more than 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 $2.7 trillion subject to FWB oversight. Responsibilities
Assists with establishing policies, procedures and appropriate supervisory actions relating to the 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; 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; Advises the Banking Division leadership on all matters falling within the scope of assigned responsibility and make necessary recommendations; Assists with special agency-wide initiatives, including as proposed by senior leadership and the Superintendent; and Other duties as assigned. Qualifications
A bachelor’s degree, law degree, and at least 10 years of relevant work experience, which includes 5 years in the banking or financial services industry (regulatory examination experience a plus). 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. Compensation
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.
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Join to apply for the
Deputy Superintendent for Bank Supervision, NS
role at
New York State Department of Financial Services Job 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 2023, CRB’s portfolio included 60 banking organization (including commercial banks, trust companies, savings banks, and credit unions), with aggregate assets of supervised institutions of over $425 billion. As of 2023, FWB’s portfolio included more than 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 $2.7 trillion subject to FWB oversight. Responsibilities
Assists with establishing policies, procedures and appropriate supervisory actions relating to the 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; 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; Advises the Banking Division leadership on all matters falling within the scope of assigned responsibility and make necessary recommendations; Assists with special agency-wide initiatives, including as proposed by senior leadership and the Superintendent; and Other duties as assigned. Qualifications
A bachelor’s degree, law degree, and at least 10 years of relevant work experience, which includes 5 years in the banking or financial services industry (regulatory examination experience a plus). 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. Compensation
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.
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