StateJobsNY

NY HELPNo

AgencyFinancial Services, Department of

TitleChief Risk Officer

Occupational CategoryOther Professional Careers

Salary GradeNS

Bargaining UnitM/C - Management / Confidential (Unrepresented)

Salary RangeFrom $162868 to $201711 Annually

Employment Type Full-Time

Appointment Type Permanent

Jurisdictional Class Exempt Class

Travel Percentage 0%

Workweek Mon-Fri

Hours Per Week 37.50

Workday

From 9 AM

To 5 PM

Flextime allowed? No

Mandatory overtime? No

Compressed workweek allowed? Yes

Telecommuting allowed? Yes

County To Be Determined

Street Address NYC: One State Street, New York

ALB: One Commerce Plaza, Albany

City New York/Albany

StateNY

Zip Code12257

Minimum Qualifications Preferred Qualifications
• BA/BS or higher degree from an accredited university in economics, finance, business, or a closely related field, and ten (10) or more years of progressively responsible full-time professional experience with progressively increasing responsibility in a risk management positions, or similar experience at a consulting, strategic advisory or government entity or closely related area, with at least at least (3) years or more in a managerial, administrative, or supervisory capacity. Supervision must have included supervising staff performing professional work in the areas described above.
• Proven track record of success in building and managing a department in the financial services industry.
• A thorough knowledge of highly disciplined business, financial, and risk management processes.

Appointment method:
This is an appointment to a position in the exempt jurisdictional class. As such, the incumbent of this position would serve at the pleasure of the appointing authority.

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 Chief Risk Officer (CRO). The CRO of the Department of Financial Services (DFS) will manage Risk Management, Compliance, and other related initiatives. This role will be responsible for key Risk activities across DFS including establishing risk appetite, performing risk assessments, KRI monitoring and risk mitigation/acceptance. This role will also serve as the primary advisor to the Superintendent. In addition this role will oversee the Risk Management, Internal Controls/Audit, and other enterprise risk management initiatives, as well as, lead technical and process focused initiatives to develop compliant approaches to internal processes, procedures, and operations.

The CRO will work closely with all agency divisions to develop strategic approaches and promote adoption and utilization of risk management practices by its workforce, while also serving as a primary liaison between divisions, ensuring that systems and processes are compliant. Duties include, but are not limited to, the following:
• Serves as principal technical and transformation strategist and advisor to the Superintendent;
• Oversees business units using established risk management methodologies, tools and techniques;
• Identifies, evaluates and prioritizes the agency's most critical risks including the approval or disapproval of recommended risk ratings and mitigation strategies;
• Directs the development of risk intelligence capabilities throughout DFS, including common enterprise-wide processes, tools, and skills for identifying, assessing, and mitigating key risks such as strategy, operations, reporting, and compliance;
• Develops and implements enterprise policy and processes for aggregating and reporting risk information to the Superintendent and executive staff; identifies strengths, weaknesses, and opportunities for improvement in risk management capabilities;
• Develops and presents reports on risk status, goals, and progress to the Superintendent;
• Participates in strategic and operational risk management as a member of the Department’s senior management;
• Presides or represents the Department in meetings and conferences with industry stakeholders and other government agencies, as appropriate; and
• Other duties as assigned.

Additional Comments 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 $3,400 annual downstate adjustment.

Appointment Status: This is an appointment to a position in the exempt jurisdictional class.

Appointment to this position is pending Governor Appointment’s Office and Division of Budget approval.

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

Name Nathan Keiper

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 ApplyingAppointment method:
This is an appointment to a position in the exempt jurisdictional class. As such, the incumbent of this position would serve at the pleasure of the appointing authority.
To Apply: Interested qualified candidates must submit a resume and letter of interest no later than April 23, 2024 to the email address listed below. Please include the Vacancy ID in the subject line of your email to ensure receipt of your application. Email submissions are preferred.
Nathan Keiper
Vacancy ID
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.
Pursuant to Executive Order 161, no State entity, as defined by the Executive Order, is permitted to ask, or mandate, in any form, that an applicant for employment provide his or her current compensation, or any prior compensation history, until such time as the applicant is extended a conditional offer of employment with compensation. If such information has been requested from you before such time, please contact the Office of Employee Relations at (518) 473-3130 or via email at response@oer.ny.gov.