Position Information

NY HELPNo

AgencyFinancial Services, Department of

TitleVirtual Currency Specialist (Financial Services Specialist 4 (Compliance), SG-27)

Occupational CategoryFinancial, Accounting, Auditing

Salary Grade27

Bargaining UnitPS&T - Professional, Scientific, and Technical (PEF)

Salary RangeFrom $111708 to $137590 Annually

Employment Type Full-Time

Appointment Type Contingent Permanent

Jurisdictional Class Non-competitive Class

Travel Percentage 25%

Schedule

Workweek Mon-Fri

Hours Per Week 37.5

Workday

From 8 AM

To 6 PM

Flextime allowed? No

Mandatory overtime? No

Compressed workweek allowed? No

Telecommuting allowed? Yes

Location

County To Be Determined

Street Address Albany - One Commerce Plaza

New York City - One State Street

City Albany or New York City

StateNY

Zip Code12257

Job Specifics

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 Virtual Currency Specialist in the Banking Division. The Virtual Currency Specialist serves as a specialist in support of the Bank Examination Teams that will be reviewing bank Virtual Currency Related Activity (“VCRA”) and also contributes to reviewing bank VCRA written submissions. Duties include, but are not limited to, the following:


• Assists with the development of, and enhancements to, internal policies and procedures related to examining banks that engage in VCRA or have virtual currency (“VC”) exposures, such as examination materials and internal best-practice guides;

• Conducts trainings to familiarize bank examiners with key risks indicated by VCRA or VC exposure;

• Conducts risk evaluations of bank VCRA written submissions;

• Provides advice to Bank Examination Teams on VC matters as a subject matter expert;

• Provides advice to the Bank Examination Teams on VC matters as a subject matter expert;

• Communicates with and presents to senior management, both orally and in written memoranda and presentations, analyzes issues and/or recommends DFS actions on any issues encountered with the above;

• Supports supervision and examination of banks engaged in VCRA for compliance with relevant laws, regulations, guidance, and supervisory expectations;

• Conducts research and prepares comprehensive reports, memos, letters, and guidance documents, etc. for internal and external stakeholders;

• Remains up to date on best practices and laws and regulations of financial institutions, including with respect to VC, blockchain monitoring/analytics, transaction sampling and monitoring model validation and sanctions screening systems;

• May supervise lower-level staff; and

• Other appropriate and occupationally related duties as assigned;

• Travel may be up to 25%.

Minimum Qualifications Preferred Qualifications

Experience in two or more of the following:

• Virtual currency
• Bank Secrecy Act/Anti-money Laundering (BSA/AML), Office of Foreign Assets Control (OFAC), and related New York
Banking laws, regulations, and best practices.
• Cybersecurity laws, regulations, and issues.
• Governance and internal controls.
• Blockchain analytics software.

Appointment Method:

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

Non-Competitive: Nine (9) years of specialized experience in one (1) or more of the following of which two (2) year of the experience must have been at a supervisory level:

• Evaluating the adequacy of board and management oversight of the financial institutions' compliance programs.

• Reviewing lending, deposit, insurance and other transactions to determine compliance with Financial Service’s
applicable laws/regulations.

• Identifying financial institutions' potentially unfair, deceptive, abusive or discriminatory acts or practices.

• Reviewing financial institution programs, policies and procedures for compliance with legal and regulatory requirements.

• Evaluating financial costs for the failure of financial services entities to adhere or comply with New York State, federal, or other states financial services laws.

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 $111,708 with periodic increases up to $137,590

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 $4,150 annual downstate adjustment.

Appointment Status: Permanent

Some positions may require additional credentials or a background check to verify your identity.

How to Apply

Name Kara Waters

Telephone

Fax (518) 402-5071

Email Address NCE.Notifications@dfs.ny.gov

Address

Street One Commerce Plaza

Suite 301

City Albany

State NY

Zip Code 12257

 

Notes on ApplyingTo Apply: Interested qualified candidates must submit a resume and letter of interest no later than September 23, 2026 to
the email address listed below. Please include the Box # (Box VCS-FSS4C-10512) 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 VCS-FSS4C-10512
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 fulltime
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.