Virtual Currency Manager - New York, United States - Financial Services, Department of

Financial Services, Department of

Verified Company

New York, United States

2 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

Minimum Qualifications
Preferred Qualifications
Subject-matter expertise and/or experience in one or more of the following are not required, but are preferred:

Virtual currency;
BSA/AML, OFAC, and related laws, regulations, and best practices;
Cybersecurity laws, regulations, and issues;
Internal controls/governance;
Financial analysis;
Accounting; and
The use of blockchain analytics software.

Appointment method:

Non Competitive:

A Bachelor's Degree in accounting, actuarial sciences, auditing, banking, business, business administration, business and technology, commerce, computer information systems, computer science, consumer sciences, criminal justice, cyber security, econometrics, economics, finance, financial administration, health, health administration, information systems, information systems engineering, information technology, internal controls, international or public affairs, law, market analysis, mathematics, public administration, public policy, risk management, statistics, taxation, or technology and seven (7) years of financial services experience with: 1) a regulated entity who has a regional, national and/or international presence; or 2) 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 (2) years of the experience must have been at a managerial level.

Substitutions:
A J.D. or a master's degree may substitute for one (1) year of specialized experience; and a Ph.
D. may substitute for two (2) years of specialized experience.

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.

Currency Unit within the Research and Innovation Division. The Virtual Currency Manager serves as a commissioned
examiner for regulated Virtual Currency entities, including companies holding licenses to engage in virtual currency business
activities ("BitLicenses"). Travel may be required within and outside of New York State.
Duties will include, but not be limited to, some or all of the following:

Examines BitLicensees, and possibly other DFS-regulated Virtual Currency entities, for compliance with relevant

laws, regulations, guidance, and supervisory expectations.

Oversees aspects of the examination process, and possibly supervises the work of colleagues in the Virtual Currency

Unit;

Reviews prior examination reports, and periodic reports submitted by institution(s) to become informed of specific

problem areas, overall financial condition, management of institution(s) and to plan examination;

Meets with institutions' management to present credentials, discusses scope of examinations, requests information

and materials needed for examination, and obtains general orientation to the institution's operations;

Examines assets and liabilities, including to verify accuracy and disclose risky, concerning, or illegal practices;
Reviews all examination report schedules and work papers prepared by other examiners to determine adherence of

institution to sound financial practices and legal requirements;

Edits analyses of others and prepares comprehensive field examination reports, including general findings, specific

comments on problem areas and management response;

Discusses findings with management and obtains their responses to comments on the operation of their institution;
Tracks laws, regulations, policies, and examination procedures of federal or other regulatory authorities relevant to

the Virtual Currency Unit, including serving as a DFS policy lead in such capacity as required;

Supports the buildout of or enhancements to internal policies and procedures related to the BitLicense supervisory

process, such as examination manuals and internal best-practices;

Remains uptodate on best practices in the examination of financial institutions, including those that deal with Virtual

Currency, including skills involving blockchain monitoring and blockchain analytics; transaction sampling for purposes
including the validation of transaction monitoring and sanctions screening systems; the verification of claimed Virtual
Currency holdings; validation of stablecoin backing assets; auditing of the self-certification of coin listings by

procedures.

changes of business.