New York State Department of Financial Services
Surveillance Operations Analyst (Financial Services Specialist 2 (Risk), SG-23)
New York State Department of Financial Services, Albany, Oregon, United States, 97321
Surveillance Operations Analyst (Financial Services Specialist 2 (Risk), SG-23)
Join to apply for the
Surveillance Operations Analyst (Financial Services Specialist 2 (Risk), SG-23)
role at
New York State Department of Financial Services Surveillance Operations Analyst (Financial Services Specialist 2 (Risk), SG-23)
1 day ago Be among the first 25 applicants Join to apply for the
Surveillance Operations Analyst (Financial Services Specialist 2 (Risk), SG-23)
role at
New York State Department of Financial Services Get AI-powered advice on this job and more exclusive features. New York State Department of Financial Services provided pay range
This range is provided by New York State Department of Financial Services. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Base pay range
$86,681.00/yr - $109,650.00/yr 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 Financial Services Specialist 2 (Risk) will be responsible for designing and overseeing the architecture that supports the integration, storage, and processing of data within the New York State Department of Financial Services (DFS). This individual will collaborate closely with business and IT teams to ensure the architecture efficiently handles both internal and external data feeds, enabling high-quality, consistent, and timely insights into entities under the DFS's supervision. They will be tasked with optimizing database performance, ensuring scalability, and enabling advanced analytics and reporting to support entity risk management functions.
This position requires a highly skilled data architect with experience in data modeling, integration, and ensuring the quality of data in regulatory and financial environments. The role demands a collaborative mindset, strong problem-solving skills, and a solid understanding of the financial services industry, including risk management and compliance requirements.
The Department of Financial Services is seeking candidates for the position of Financial Services Specialist 2 (Risk) in the Entity Risk Management function Data Architecture team.
Duties Include, But Are Not Limited To, The Following
Surveillance Strategy Development & Implementation
Designs and implements strategies to monitor risk across all supervised entities. Oversees daily surveillance operations to identify and track risk and performance issues. Ensures surveillance approaches remain flexible to evolving market and regulatory conditions.
Data Collection & Analysis
Gathers and integrates data from multiple sources to spot trends and emerging risks. Partners with data and analytics teams to support risk analysis and reporting. Ensures surveillance data is accurate, complete, and actionable.
Incident Detection & Response
Leads real-time detection and response to risk incidents or irregularities. Coordinates with examiners and CPCs to quickly mitigate risks. Establishes clear escalation and resolution protocols.
Surveillance Reporting & Documentation
Prepares regular reports summarizing key risks and recommended actions. Ensures reports are clear, strategic, and meet regulatory standards. Maintains documentation of surveillance activities and decisions.
Collaboration with Stakeholders
Works with exam teams and CPCs to align surveillance with DFS priorities. Supports broader risk management efforts by sharing findings and insights. Provides regular updates to senior leadership on emerging risks.
Surveillance Technology & Tools Management
Oversees tools used for surveillance and ensures they meet operational needs. Evaluates new technologies to enhance monitoring and reporting capabilities. Keeps systems adaptable to monitor diverse risk types across entities.
Process Improvement & Workflow Optimization
Identifies ways to streamline surveillance processes for better efficiency. Leads improvements in data collection, analysis, and reporting workflows. Develops SOPs and best practices to guide surveillance operations. Other duties as assigned.
Preferred Qualifications
Minimum Qualifications
Professional Risk Managers' International Association certifications: Associate Professional Risk Manager Credit and Counterparty Manager Market, Liquidity and Asset Liability Management Risk Manager Project Management Institute: Portfolio Management Professional
Appointment Method: Candidates must meet the minimum qualifications listed below in order to be eligible for appointment.
Non-Competitive: A Bachelor’s Degree in Auditing, Business, Business Administration, Economics, Econometrics, Finance, Mathematics, Market Analysis, Quality Assurance, or Risk Management and three (3) years of specialized experience in the following:
Defining, assessing and analyzing events/circumstances which impact the financial services institutions/markets. Performing financial and economic risk analysis, including portfolio risk analysis, credit, market and counterparty risk stress testing and stress test scenario development. Reviewing traded products, related derivative and cash securities pricing techniques, Value-at-Risk, and/or counterparty credit risk modeling including measurement of wrong way risk and CVA. Using market-based risk indicators, including equity and debt-linked default probability models. Using fundamentals-based early warning risk indicators, including accounting-based distress prediction models. Conducting predictive financial institution insolvency analysis. Reviewing global post-financial crisis approaches to financial institution resolution planning, including experience and expertise with approaches to systemic institution definitions and resolution planning policy and implementation; experience and expertise in key attributes of effective resolution systems and measures to implement them.
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 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 $86,681 with periodic increases up to $109,650
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
Seniority level
Seniority level Mid-Senior level Employment type
Employment type Full-time Job function
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Join to apply for the
Surveillance Operations Analyst (Financial Services Specialist 2 (Risk), SG-23)
role at
New York State Department of Financial Services Surveillance Operations Analyst (Financial Services Specialist 2 (Risk), SG-23)
1 day ago Be among the first 25 applicants Join to apply for the
Surveillance Operations Analyst (Financial Services Specialist 2 (Risk), SG-23)
role at
New York State Department of Financial Services Get AI-powered advice on this job and more exclusive features. New York State Department of Financial Services provided pay range
This range is provided by New York State Department of Financial Services. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Base pay range
$86,681.00/yr - $109,650.00/yr 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 Financial Services Specialist 2 (Risk) will be responsible for designing and overseeing the architecture that supports the integration, storage, and processing of data within the New York State Department of Financial Services (DFS). This individual will collaborate closely with business and IT teams to ensure the architecture efficiently handles both internal and external data feeds, enabling high-quality, consistent, and timely insights into entities under the DFS's supervision. They will be tasked with optimizing database performance, ensuring scalability, and enabling advanced analytics and reporting to support entity risk management functions.
This position requires a highly skilled data architect with experience in data modeling, integration, and ensuring the quality of data in regulatory and financial environments. The role demands a collaborative mindset, strong problem-solving skills, and a solid understanding of the financial services industry, including risk management and compliance requirements.
The Department of Financial Services is seeking candidates for the position of Financial Services Specialist 2 (Risk) in the Entity Risk Management function Data Architecture team.
Duties Include, But Are Not Limited To, The Following
Surveillance Strategy Development & Implementation
Designs and implements strategies to monitor risk across all supervised entities. Oversees daily surveillance operations to identify and track risk and performance issues. Ensures surveillance approaches remain flexible to evolving market and regulatory conditions.
Data Collection & Analysis
Gathers and integrates data from multiple sources to spot trends and emerging risks. Partners with data and analytics teams to support risk analysis and reporting. Ensures surveillance data is accurate, complete, and actionable.
Incident Detection & Response
Leads real-time detection and response to risk incidents or irregularities. Coordinates with examiners and CPCs to quickly mitigate risks. Establishes clear escalation and resolution protocols.
Surveillance Reporting & Documentation
Prepares regular reports summarizing key risks and recommended actions. Ensures reports are clear, strategic, and meet regulatory standards. Maintains documentation of surveillance activities and decisions.
Collaboration with Stakeholders
Works with exam teams and CPCs to align surveillance with DFS priorities. Supports broader risk management efforts by sharing findings and insights. Provides regular updates to senior leadership on emerging risks.
Surveillance Technology & Tools Management
Oversees tools used for surveillance and ensures they meet operational needs. Evaluates new technologies to enhance monitoring and reporting capabilities. Keeps systems adaptable to monitor diverse risk types across entities.
Process Improvement & Workflow Optimization
Identifies ways to streamline surveillance processes for better efficiency. Leads improvements in data collection, analysis, and reporting workflows. Develops SOPs and best practices to guide surveillance operations. Other duties as assigned.
Preferred Qualifications
Minimum Qualifications
Professional Risk Managers' International Association certifications: Associate Professional Risk Manager Credit and Counterparty Manager Market, Liquidity and Asset Liability Management Risk Manager Project Management Institute: Portfolio Management Professional
Appointment Method: Candidates must meet the minimum qualifications listed below in order to be eligible for appointment.
Non-Competitive: A Bachelor’s Degree in Auditing, Business, Business Administration, Economics, Econometrics, Finance, Mathematics, Market Analysis, Quality Assurance, or Risk Management and three (3) years of specialized experience in the following:
Defining, assessing and analyzing events/circumstances which impact the financial services institutions/markets. Performing financial and economic risk analysis, including portfolio risk analysis, credit, market and counterparty risk stress testing and stress test scenario development. Reviewing traded products, related derivative and cash securities pricing techniques, Value-at-Risk, and/or counterparty credit risk modeling including measurement of wrong way risk and CVA. Using market-based risk indicators, including equity and debt-linked default probability models. Using fundamentals-based early warning risk indicators, including accounting-based distress prediction models. Conducting predictive financial institution insolvency analysis. Reviewing global post-financial crisis approaches to financial institution resolution planning, including experience and expertise with approaches to systemic institution definitions and resolution planning policy and implementation; experience and expertise in key attributes of effective resolution systems and measures to implement them.
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 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 $86,681 with periodic increases up to $109,650
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
Seniority level
Seniority level Mid-Senior level Employment type
Employment type Full-time Job function
Job function Finance, Analyst, and Accounting/Auditing Referrals increase your chances of interviewing at New York State Department of Financial Services by 2x Get notified about new Operations Analyst jobs in
Albany, OR . Albany, OR $97,000.00-$146,000.00 1 day ago Business Operations Supervisor 2, Business Manager (Salem)
Production Area Manager - Chemical Operations
Albany, OR $98,000.00-$128,000.00 4 days ago Budget & Data Analyst (Operations & Policy Analyst 3)
Commerical & Business Loan Operations Manager
Area Leader (Manager) Trainee – Franchise Operations
Virtual Currency Data Governance Senior Analyst (Financial Services Specialist 2 (Policy Analysis), SG-23)
Albany, OR $86,681.00-$109,650.00 2 weeks ago T-Mobile Retail Store and Operations Manager
Salem, OR $40,000.00-$89,000.00 3 weeks ago T- Mobile Retail Store and Operations Manager
IT Compliance and Change Coordination Analyst (Operations & Policy Analyst 3)
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Albany, OR $86,681.00-$109,650.00 4 days ago Albany, OR $65,000.00-$84,000.00 2 weeks ago Product Manager - Operations Platforms and Tools
Albany, OR $106,898.00-$131,665.00 2 weeks ago Albany, OR $127,507.00-$160,911.00 2 weeks ago Seasonal, Operations Technical Specialist
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We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
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