Financial Crimes Blockchain Analytics Risk Associate, (Financial Services Specialist 4 (Financial Crimes Risk), SG-27)

About the role

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.

Responsibilities

• Evaluates illicit activity risk leveraging on-chain attribution and direct/indirect exposure associated with DFS-regulated virtual currency licensees through the use of blockchain analytics tools.
• Maintains a solid understanding of existing and emerging blockchains, tokens, and technologies impacting the industry and identifies areas for enhancing the Virtual Currency Unit’s financial crimes monitoring processes related to the use of blockchain analytics.
• Monitors and performs provenance tracing of on-chain transactions attributed to DFS applicant/licensee exposure to money laundering, terrorist financing, sanctioned jurisdictions/individuals/entities and other predicate crimes and high-risk services.
• Executes ad hoc investigations of identified suspicious activity to ensure licensees maintain compliance with state and federal regulations outside examination cycle and present findings to management.
• Actively monitors dashboards identifying data anomalies raising red flags for potential money laundering or sanctions violations, that require further investigation and/or escalation to management.
• Performs reviews on applicants seeking a DFS license/charter, identifying transaction monitoring on-chain deficiencies and communicating said deficiencies clearly and concisely in written reports to management as well as verbally in meetings with internal and external stakeholders as needed.
• Conducts blockchain analytics transaction testing of DFS-regulated virtual currency businesses as a part of on-site examination and licensing.
• Identifies contradictory attribution of on-chain transactions from blockchain analytics vendors and works with the vendors to resolve discrepancies.
• Serves as a subject matter expert on crypto related financial crime matters for all functions of the Virtual Currency Unit, including applications, examinations, and ad-hoc supervision including the consideration of material-change-of-business requests.
• Assists management in the development, review and revision of Financial Crime related policies and procedures.
• May supervise lower-level staff.

Qualifications

• Minimum Qualifications: Subject matter expertise and/or experience in one or more of the following are not required, but are strongly preferred:
• Preferred Qualifications: Subject matter expertise and/or experience in one or more of the following are not required, but are strongly preferred:

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 $106,898 with periodic increases up to $131,665

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

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.

Email Address: NCE.Notifications@dfs.ny.gov

Address: Suite 301

Notes on Applying: Interested qualified candidates must submit a resume and letter of interest no later than August 4, 2026 to the email address listed below. Please include the Box # (Box FCBARA-FSS4FCR-10576) 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.