Director for Virtual Currency Applications (Director Financial Services Programs 2, SG-33)

Job title: Director for Virtual Currency Applications (Director Financial Services Programs 2, SG-33)

Company: New York State

Job description:

Job Opportunity: Director of Virtual Currency Applications

Are you passionate about shaping the future of finance in New York? The New York State Department of Financial Services (DFS) is on a mission to create a fair, transparent, and resilient financial system that serves both individuals and businesses alike. We’re looking for someone special to join our team as the Director for Virtual Currency Applications. If you’re excited about empowering consumers, ensuring regulatory compliance, and promoting responsible innovation, this role might just be for you!

What You’ll Do:

As Director of Virtual Currency Applications, you’ll lead a dedicated team focused on reviewing applications for BitLicenses and Limited Purpose Trust Company licenses. Here’s a sneak peek of your responsibilities:

• Team Leadership: Guide and manage a team responsible for evaluating applications for BitLicenses and Limited Purpose Trust Company licenses, ensuring we uphold high standards of compliance with laws and regulations.

• Application Oversight: You’ll actively oversee the application process for these licenses, collaborating with your team to make sure applicants meet all necessary guidelines.

• Policy Enhancement: Support the development and improvement of our internal policies and procedures related to the BitLicense and Limited Purpose Trust Company application process.

• Resource Coordination: Work closely with the Virtual Currency and Limited Purpose Trust Company Deputies to track application statuses and help prioritize resources effectively.

• Review and Feedback: Provide insightful analysis and constructive feedback on license and charter applications, from compliance with BSA/AML requirements to cybersecurity measures and financial plans.

• Collaboration: Team up with our Licensed Financial Services unit on applications that seek dual licensing under both the BitLicense and money transmission frameworks.

• Mentorship: Be a mentor and coach to your staff, fostering professional growth and development within your team.

• High-risk Reviews: Collaborate with Specialty Teams to conduct necessary reviews and provide training and support to application staff.

• Communication: Engage effectively with senior and executive management, preparing comprehensive analyses and recommendations on various issues related to applications.

• Other Duties: Assist with other responsibilities as they arise, ensuring the department runs smoothly.

Who You Are:

We’re looking for candidates who meet the following minimum qualifications:

• Education: A Bachelor’s Degree in fields such as accounting, finance, business administration, or related fields.

• Experience: You should have at least eight years of experience in financial services, ideally with a regulated entity that has a regional, national, and/or international presence, or with a governmental regulatory body. This experience should include in-depth knowledge of financial services laws and regulations, with at least three years at a managerial level.

Bonus Points:

• A J.D. or a Master’s Degree can substitute for one year of specialized experience, and a Ph.D. can substitute for two years.

Additional Details:

• Salary: We offer a competitive starting salary of $141,509, increasing over time with periodic reviews, up to $170,993. If you’re in the New York City metropolitan area, as well as Suffolk, Nassau, Rockland, or Westchester Counties, you may also receive an additional $3,400 annually.

• Appointment Status: This is a permanent position, contingent on approval from the Governor’s Appointment Office and Division of Budget.

• Background Check: Some positions may require you to undergo additional credential verification.

If you’re ready to take on a challenging and rewarding role that directly impacts the financial landscape of New York, we would love to hear from you! Apply today and help us shape the future of finance!

Expected salary: $141509 per year

Location: New York City, NY

Job date: Wed, 26 Feb 2025 08:57:48 GMT

Apply for the job now!