Deputy Superintendent for Banking Applications, NS

Minimum Qualifications Preferred Qualifications

• A bachelor’s degree or higher, law degree preferred, and at least 10 years of relevant work experience, including 5 years in the banking or financial services industry (regulatory examination experience a plus).
• Managerial experience, including demonstrated ability to supervise large teams and projects and to initiate and execute process improvement.
• Familiarity with financial services regulation and New York Banking and Financial Services Laws.
• Strong analytical, communication and writing skills.

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 Deputy Superintendent for Banking Applications in the Banking Applications Unit within the Banking Division.

Duties include, but are not limited to, the following :

• Oversees the operations and staff of the Banking Division’s Applications business unit, including full oversight of all applications, .
• merger, change of control, de novo charters, and foreign banking licenses, pertaining to the Foreign and Wholesale Banks and Community and Regional Banks units and support for applications pertaining to the Mortgage and Licensed Financial Services units;
• Manages / oversees the follow-up communications and submissions of applicants, with the objective of promptly moving the applicants through the process to fully submitted status to ensure that applicants are aware of deficiencies in their applications and tracking performance and status;
• Reviews, advises, and recommends for approval, via decision memoranda / round robin memoranda, the fully-submitted application and related / supporting documents;
• Trains personnel within the Applications business unit, as well as provides administrative oversight over outsourced application components reviewed by specialists, .
• the BSA / AML specialist team, within the Banking Division, as well as units outside of the Banking Division, ., Office of General Counsel;
• Directs participation and / or oversees communications (written or via meetings) with potential applicants to answer preliminary questions and explain the particular process for an application;
• Recommends and / or assists with revising New York State laws, rules, regulations, policies and procedures relating to the Banking Division’s Applications business unit and the applications process;
• Keeps informed of current New York State laws, rules, regulations, and policies and procedures of DFS that may affect financial institutions in connection with the application process;
• Coordinates with and advises the Office of the General Counsel on applications-related matters and interpretations;
• Coordinates DFS’s work with other regulatory agencies, ., FRBNY and FDIC, as it pertains to applications within the purview of the Banking Division; and
• Reports regularly to the Banking Division executive leadership on all matters falling within the scope of designated responsibilities, as well as liaising with other DFS units as appropriate, regarding the status of matters pertaining to applications.
30+ days ago