Assistant Deputy Superintendent Supervision Unit, NS

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 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 Assistant Deputy Superintendent for Supervision Unit in the Mortgage Banking
- Real Estate Finance unit. The Assistant Deputy Superintendent will report to the Deputy Superintendent of Mortgage Banking
- Real Estate Finance. Duties will include, but not be limited to:

• Supervising in house functions related to monitoring compliance with applicable laws and regulations as well as licensing requirements, financial condition, liquidity and enhanced supervisory monitoring, authorization and oversight of exempt entities, general assessment related delinquencies, applications for additional authority, line of credit providers and facilitating enforcement functions.
• Overseeing the day-to-day duties and responsibilities of Financial Services Examiners, Specialists, and various levels of clerical support staff;
• Consulting with internal operating sub-units, business units and office of general counsel as well as external federal or state regulatory agencies, Conference of State Bank Supervisor’s multistate Mortgage Committee, State Regulatory Registry on enforcement and legislative matters;
• Providing guidance to examiner and clerical support staff in solving problems and coping with unusual situations, including compliance with enhanced supervision monitoring protocols, enforcement actions, borrower restitutions, multi-state initiatives and resource management;
• Overseeing subordinate examiners development of periodic monitoring and institution profile reports, quarterly delinquency reports, analysis of financial statements, volume of operations and servicing reports, warehouse line of credit monitoring, and trends in enforcement related cases;
• Assisting in the development of standardized workplans, compliance review modules and training materials;
• Analyzes proposals submitted by subordinates and recommends appropriate action to the Deputy Superintendent and executive staff;
• Preparing and reviewing consent orders and settlement agreements, including recommending the amount of penalty that the Department should levy;
• Coordinating discussions with senior management of regulated entities on enforcement actions relating to examination findings;
• Coordinating with the Department’s executive management team, Office of General Counsel and Consumer Protection and Financial Enforcement Division in the final resolution of consent orders and settlement agreements;
• Coordinating the preparation of supervisory enforcement notices such as Cease and Desist, Suspension, Revocation and hearing letters and/or documents…