Senior Innovation Policy Specialist; Financial Services Specialist ; Policy Analysis), SG

Title:

Senior Innovation Policy Specialist (Financial Services Specialist 2 (Policy Analysis), SG-23)

Occupational Category:
Other Professional Careers

Salary Grade: 23

Bargaining Unit: PS&T - Professional, Scientific, and Technical (PEF)

Salary Range:
From $90582 to $114585 Annually

Employment Type:

Full-Time

Appointment Type:
Permanent

Jurisdictional Class:
Non-competitive Class

Travel Percentage: 0%

Schedule Workweek:
Mon-Fri

Hours Per Week: 37.50

Workday From: 9 AM To: 5 PM

Flextime allowed?:
No

Mandatory overtime?:
No

Compressed workweek allowed?:
No

Telecommuting allowed?:
Yes

Location County:
New York

Street Address:
One State Street

City:
New York City

State: NY

Zip Code: 10004

Additional Comments:
Please note that a change in negotiating unit may affect your salary, insurance and other benefits.

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 applicants for a role helping to shape and carry out DFS’s Innovation Policy agenda. This agenda centers around interacting with innovative, often technology-intensive financial-services companies and industries, helping to bridge the gap between their needs and financial regulations that may have been created before the new business models existed. The agenda will also involve broader policy research and analysis, much of it focused on fintech, insurtech, and regtech business proposals or developments.

The Innovation Policy Unit is charged with performing qualitative and quantitative research to inform DFS decision-making and influence internal and external stakeholders; conducting policy reviews of innovation topics; maintaining best practices for policy review and development; managing an external engagement program with innovators; and hosting and attending innovation-related outreach events.

The Senior Innovation Policy Specialist 2 will support policy analysis projects and cross-agency initiatives and will serve as the central coordinator for projects in the Innovation Policy Unit to ensure proper implementation.

• Maintains a thorough understanding of emerging innovation policy issues including those related to artificial intelligence, data privacy, payments, fintech and insurtech and their business models, third-party service providers, and other topics at the intersection of emerging technology and financial markets;
• Identifies and assesses relevant current and emerging risks, and presents recommendations for regulatory actions;
• Collaborates with colleagues and assists on projects across DFS including as part of multidisciplinary teams;
• Assists in drafting policy recommendations, and contributes extensively to the analysis of policy proposals;
• Directs and manages agency projects by conducting research, developing implementation strategies, providing oversight, implementing policies and procedures, and providing recommendations to resolve issues and ensure project timelines are met;
• Supports the development and maintenance of partnerships with internal and external persons and entities and meets with outside stakeholders to discuss programs and projects;
• Provides briefings and status updates to senior staff and other parties;
• Works on projects and initiatives as requested by the…