Consumer Compliance and Fair Lending Team Lead; Director Financial Services Programs, SG

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.

• Supervises the day‑to‑day operations of the CCFL team including management of a team of 20;
• Creates and manages the examination schedule by coordinating with regulatory counter parties and internal stakeholders;
• Leads all CCFL preliminary and final close‑out meetings with bank management;
• Manages CCFL examination procedures including identifying streamlining and training opportunities;
• Participates in key meetings held throughout the examination with the bank, addressing concerns as needed;
• Reviews with management examination ratings, significant examination findings and conclusions;
• Suggests and explores practicable approaches to correct deficiencies;
• Makes recommendations on necessary actions to address or correct a specific problem or issue;
• Acts as point of contact for CCFL specific questions for the CCFL team, Deputy, CDU and other departments within DFS as well as banks or federal regulators;
• Reviews potential MRIAs and exam report findings before the final examination report is issued;
• Reviews draft Reports of Examination to ensure findings are clearly articulated, assessments are well supported, and DFS standards are upheld;
• Liaises with FDIC and FRB counterparts while working on concurrent examinations;
• Carries out special projects and assignments as needed;
• Travel may be required up to 30%; and
• Other duties as assigned.

• Strong experience with CCFL regulations, policies, and examinations.
• Ability to effectively collaborate with internal and external stakeholders in varying levels of seniority.
• Experience with mentoring junior examiners and trainees.
• Strong interpersonal and communication skills; ability to coach and provide feedback diplomatically.
• Experience managing a team of examiners.

Candidates must meet the minimum qualifications listed below in order to be eligible for appointment.

Eleven years of financial services experience
** with EITHER a regulated entity who has a regional, national, and/or international presence; OR a governmental regulatory entity. This experience must include practical and technical knowledge about State, federal and/or international financial services laws, rules and regulations. Two years of the experience must have been at a managerial level.

Substitutions:
An associate degree may substitute for two years of experience; a bachelor’s degree may substitute for four years of experience; a master’s degree may substitute for five years of experience; and a doctorate may substitute for six years of experience.

• Qualifying professional financial services experience is defined to include, but may not be limited to related experience gained with public accounting/auditing firms; cyber security and intrusion detection/mitigation firms; law firms, lobbying firms and consulting firms/companies; risk assessment, asset hedging and loss control firms; commodities markets, virtual currency and credit scoring; currency markets/exchanges, bond markets, stock markets and money markets; hedge funds, mutual funds, investment houses and rating firms;
  
  business valuation, stock valuation, and cash management; wealth management, wealth portfolio, and trust companies/corporations; firms with a nexus to corporate mergers, acquisitions, management and accounting; mortgage backed securities, swaps and swap valuation; underwriting, policyholder services and claims services; workers’ compensation, income protection plans, gap insurance and liability coverage; property/casualty insurance, life insurance and health insurance; retirement/savings plans such as…