Special Advisor – Virtual Currency

Full Time
Albany, NY 12260
Posted
Job description

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 Department of Financial Services seeks to build an equitable, more transparent and resilient financial system that benefits New Yorkers and supports business. Through engagement, data-driven regulation, and operational excellence, DFS is responsible for empowering consumers and protecting them from financial harm; ensuring the health and stability of the financial entities we regulate; and driving economic growth through responsible innovation.

The Department of Financial Services is seeking candidates for the position of Special Advisor in the Virtual Currency Unit within the Research and Innovation Division. This role will support the build-out and enhancements to internal policies and procedures related to the BitLicense supervisory process, such as manuals, templates, and internal best practices. Duties include, but are not limited to, the following:

  • Supervises the work of colleagues in the Virtual Currency Unit;
  • Advises the Deputy of Virtual Currency on regulatory and policy matters;
  • Serves as policy lead for the Virtual Currency Unit, and coordinates with other units on policy initiatives;
  • Tracks laws, regulations, policies, and examination procedures of federal or other regulatory authorities relevant to the Virtual Currency Unit;
  • Tracks relevant virtual currency legislation at the state and federal level and provides expert reviews;
  • Manages the Virtual Currency and Blockchain Advisory Board;
  • Identifies opportunities for system and process improvements in the Virtual Currency Unit and works with senior leadership to implement updates;
  • Leads the implementation and enhancementof the RID-VCU’s internal training program and vendor efforts related to ongoing training against evolving VCBA standards;
  • Communicates with and presents to senior and executive management, both orally and in written memoranda and presentations, concerning analyses of issues and/or recommendations of DFS action on any issues encountered in connection with the above; and
  • Other duties as assigned.

Preferred Qualifications

  • Bachelor’s degree or higher.
  • Minimum of ten years of professional, financial services experience.
  • At least five years of supervisory experience.
  • Excellent communication skills and detail oriented.
  • Highly motivated and effective working autonomously and as part of cross-functional teams.
  • Ability to multi-task across projects.
  • Experience in any of the following preferred:
o Virtual currency.
o BSA/AML, OFAC, and related laws, regulations, and best practices.
o Cybersecurity laws, regulations, and issues.
o Internal controls/governance.
o Financial analysis.
o Accounting.
o The use of blockchain analytics software.
o Financial services and virtual currency policy .

Additional Comments

Positions located within the New York City metropolitan area, as well as Suffolk, Nassau, Rockland, and Westchester Counties, are also eligible to receive an additional $3,026 annual downstate adjustment.

Appointment to this position is pending Governor Appointment’s Office and Division of Budget approval.

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