NYC Department of Education
Full Job Description
Candidates must meet the minimum qualifications listed below in order to be eligible for appointment:
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 eight (8) 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. Three (3) 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.
Two (2) years of experience in climate change, sustainability, ESG (environmental, social, and governance) investing, or impact investing.
The Department of Financial Services (DFS) is seeking candidates for the position of Director Financial Services Programs 2 (Assistant Director for Sustainability and Climate Initiatives) with a focus on developing and administering climate-related financial supervision programs for the financial services industry. The incumbent of this position will be part of the team guiding the Department’s strategy on these issues and engage with industry.
The Sustainability and Climate Initiative works with all the divisions across DFS, including Banking, Insurance, Consumer Protection, and Research and Innovation, to integrate sustainability and climate considerations into DFS’s programs.
DFS became the first U.S. financial regulator to join the Network for Greening the Financial System (NGFS), a leading international coalition of more than ninety central banks and financial supervisors dedicated to mobilizing the financial industry to address climate change. In addition, DFS is also a member of the Sustainable Insurance Forum (SIF), an international network of insurance supervisors seeking to find collaborative ways to help the global insurance industry meet the challenges posed by climate change. DFS is the first state financial regulator to establish a holistic set of expectations on managing the financial risks from climate change across the insurance, banking and virtual currency industries.
Duties include, but are not limited to, the following:
Works across the Banking, Insurance, Capital Markets, Research and Innovation, Consumer Protection and Financial Enforcement Divisions and the Office of General Counsel to develop and administer climate-related initiatives;
Engages with DFS-regulated institutions and monitors their progress on managing climate-related financial risks;
Develops and administers programs to support DFS-regulated institutions as they assess and manage climate-related financial risks;
Develops and administers programs to support internal staff on climate-related financial supervision;
Participates in and contributes to relevant national and international networks;
Represents DFS at public events;
Coordinates with other state and federal regulators;
Provides ongoing advice and recommendations to DFS regarding additional and future directions DFS could pursue with regard to climate-related financial supervision;
Develops initiatives to support climate resilience of communities through collaboration with the insurance and banking sectors;
Stays abreast of trends in climate-related supervision, sustainable finance, climate resilience, and updating stakeholders and agency management on a periodic basis; and
Other duties as assigned.
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.
To apply for this job please visit statejobs.ny.gov.