NY HELPNo

AgencyFinancial Services, Department of

TitleFinancial Services Specialist 2 (Compliance), SG-23

Occupational CategoryFinancial, Accounting, Auditing

Salary Grade23

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

Salary RangeFrom $86681 to $109650 Annually

Employment Type Full-Time

Appointment Type Permanent

Jurisdictional Class Non-competitive Class

Travel Percentage 0%

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

County New York

Street Address One State Street

City New York City

StateNY

Zip Code10004

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 Financial Services Specialist 2 in Licensed Financial Services (LFS) Applications Unit.

Duties include, but not limited to, the following:

• Manages a varied applications caseload, including intake and tracking of de novo, change of control, and other applications for LFS-supervised entities;
• Conducts analyses of application submissions and making sound recommendations to other LFS Applications staff;
• Assists with the preparation of application reports and related tasks;
• Supports LFS Applications staff in carrying out licensing reviews and making presentations to executive management and external parties;
• Assists the LFS Applications supervisor on various organizational projects;
• Interacts with staff in other business units, and executive management on case-specific issues;
• Participates in meetings with licensees and advising on relevant matters;
• Conducts research on application cases using internal and external sources and making presentations to the LFS Applications unit head;
• Stays informed on industry best practices and evolving trends;
• Communicates effectively with senior and executive management, both internally within the Department and externally with regulated entities, through verbal briefings, written memoranda, reports, and formal presentations;
• Follows documented procedures and completing work programs in accordance with Departmental guidance and regulatory standards; and
• Completes all other duties as assigned.

Minimum Qualifications Preferred Qualifications
• At least three years of experience processing depository or non-depository applications.
• Experience in compliance review or willingness to take compliance training upon acceptance of the position.
• Experience in handling projects independently, managing multiple assignments and competing deadlines.
• Strong analytical and organizational skills.
• Ability to work in a high-volume environment and meet targeted deadlines.
• Demonstrated ability to draft well-structured and concise memoranda, and other formal documentation for both internal and external audiences.
• Knowledge of NY Banking Laws and Superintendent’s Regulations as it pertains to money transmitters, sales finance companies, licensed lenders, check cashers, budget planners, and insurance premium finance agencies.
• Experience using the Nationwide Multistate Licensing System and LINX.
• Excellent interpersonal and communication skills, with experience engaging with executive leadership, peers, and cross-functional teams.

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) or more of the following:

• 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 $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

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

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 August 21, 2026 to the email address listed below. Please include the Box # (Box FSS2C-LFSA-10481) 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 FSS2C-LFSA-10481
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 full-time 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.