Virtual Currency Senior Analyst (Financial Services Specialist 2 (Compliance), SG-23)

Duties

• Maintains a thorough understanding of the business models of assigned BitLicensees (BTLs)/Trust Companies (LPTCs) and identifies and assesses relevant current and emerging risks;
• Conducts risk-based assessments of BTLs’/LPTCs’ governance, compliance, and internal audit controls; BSA/AML program; operational, regulatory and legal risks and controls; risk management program; financial condition; etc;
• Leads periodic meetings, ad hoc supervisory engagements and some examinations (e.g. desk-based and onsite exams, horizontal thematic reviews) of less complex BTLs/LPTCs, and other DFS-regulated Virtual Currency entities, for compliance with relevant laws, regulations, guidance, and supervisory expectations;
• Supports the supervision examinations of complex BTLs, LPTCs, and other DFS-regulated Virtual Currency entities, for compliance with relevant laws, regulations, guidance, and supervisory expectations;
• As needed, reviews and processes applications for LPTC charters and BTL Licensing, and participates in non-periodic supervision of regulated BTL/LPTC entities, including applications to adopt material changes of business;
• Mets with BTL/LPTC management to receive periodic business updates, discusses examination scope, requests information and materials needed for supervision and examination, and maintains an understanding of the institution's operations and the scale and scope of its business;
• Prepares accurate, comprehensive reports of examination of the financial condition of the institution, complete with narrative and analytical presentations on the various operations of the institution with suggestions or recommendations to the senior management team and board of directors on corrective measures that need to be taken, and presents recommendations internally for supervisory actions;
• Discusses findings with management and obtains their responses to comments on the operation of their institution;
• Writes internal memoranda regarding supervisory recommendations and program improvements;
• Supports the development of, and enhancements to, internal supervisory policy views, policies, and procedures documentation related to the supervisory process, such as examination manuals and internal best-practice guides for LPTCs and BTLs;
• Remains up-to-date on emerging risks and industry best practices as well as regulatory best practices, including skills involving blockchain monitoring/analytics, transaction sampling and monitoring model validation, and sanctions screening systems; the verification of claimed virtual currency holdings; validation of stablecoin backing assets; the auditing of the self-certification of coin listings by regulated companies; and observation of the application of anti-fraud and market-manipulation policies and procedures;
• Communicates with and presents to senior and executive management, both orally and in written memoranda;
• Travel up to 50% may be required.

Minimum Qualifications

• 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.

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: Contingent 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 6, 2026 to the email address listed below. Please include the Box # (Box VCSA-FSS2C-10494) 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 VCSA-FSS2C-10494
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

American 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.