Innovation Policy Associate, (Financial Services Specialist 4 (Policy Analysis), 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.

The Innovation Policy Associate serves as a specialist and project manager for emerging technology developments within the Innovation Policy Unit of the Research & Innovation Division. The successful candidate must be available to travel within and outside New York State.

Responsibilities

• Leads drafting and project management for guidance development relating to issues involving emerging technology.
• Maintains a thorough understanding of the business models of fintech entities, financial services companies, and other emerging tech products.
• Reviews policy developments and analyzes implications for regulated entities, making recommendations for substantive areas of engagement.
• Leads ad hoc projects and new initiatives regarding issues arising in the Research & Innovation Division.
• Communicates with and presents to senior and executive management, both orally and in written memoranda and presentations.
• Other duties as assigned.

Requirements

Minimum Qualifications

Candidates must meet the minimum qualifications to be eligible for appointment.

• Nine (9) years of specialized experience in one of the following areas, of which two (2) years must have been at a supervisory level:
  • Research, planning, administration, and/or analysis of the policies and procedures affecting regulated entities and how they conduct business activities with the public and/or other regulated entities.
  • Research and analysis of State and federal statutes and regulations and their effects upon the business activities of financial services entities with regard to the public and/or other financial services entities.
• An associate degree may substitute for two years of specialized experience; a bachelor’s degree may substitute for four years; a master’s degree may substitute for five years; a J.D. may substitute for six years; a Ph.D. may substitute for seven years.

Preferred Qualifications

• Experience analyzing the implications of emerging technology on the markets DFS regulates.
• Experience with two or more of the following:
  • Quantitative and qualitative data analysis.
  • Developing regulatory guidance.
  • Developing regulatory and/or supervisory frameworks.
  • Analyzing policy developments from other jurisdictions and general trends emerging in technology.

Pay

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.

Additional Information

Appointment to this position is pending Governor’s Office and Division of Budget approval. A change in negotiating unit may affect your salary, insurance, and other benefits. This is a permanent appointment.