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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 Department of Financial Services is seeking a candidate for the position of Virtual Currency Financial Crimes Blockchain Analytics Risk Associate in the Virtual Currency Unit. Duties include, but are not limited to, the following:
• Evaluates illicit activity risk leveraging on-chain attribution and direct/indirect exposure associated with DFS-regulated virtual currency licensees through the use of blockchain analytics tools.
• Monitors and performs provenance tracing of on-chain transactions attributed to DFS applicant/licensee exposure to money laundering, terrorist financing, sanctioned jurisdictions/individuals/entities and other predicate crimes and high-risk services.
• Maintains a solid understanding of existing and emerging blockchains, tokens, and technologies impacting the industry and identifies areas for enhancing the Virtual Currency Unit's financial crimes monitoring processes related to the use of blockchain analytics.
• Actively monitors dashboards identifying data anomalies raising red flags for potential money laundering or sanctions violations, that require further investigation and/or escalation to management.
• Executes ad hoc investigations of identified suspicious activity to ensure licensees maintain compliance with state and federal regulations outside examination cycle and present findings to management.
• Proactively evaluates and monitors DFS regulated entities on-chain exposure to OFAC designations and FinCEN Section 9714 Orders and escalates findings to management.
• Conducts blockchain analytics transaction testing of DFS-regulated virtual currency businesses as a part of on-site examination and licensing.
• Performs reviews on applicants seeking a DFS license/charter, identifying transaction monitoring on-chain deficiencies and communicating said deficiencies clearly and concisely in written reports to management as well as verbally in meetings with internal and external stakeholders as needed.
• Identifies contradictory attribution of on-chain transactions from blockchain analytics vendors and works with the vendors to resolve discrepancies.
• Serves as a subject matter expert on crypto related financial crime matters for all functions of the Virtual Currency Unit, including applications, examinations, and ad-hoc supervision including the consideration of material-change-of-business requests.
• Maintains a good understanding of the BSA/AML and OFAC Sanctions laws, regulations, guidance, and best practices, relevant to transaction monitoring, suspicious activity reporting, money laundering typologies and investigative techniques required to detect illicit activity and identify sanctions evasion within the virtual currency space.
• Assists management in the development, review and revision of Financial Crime related policies and procedures.
• Presents analyses and findings to colleagues and leadership at DFS, often making reasoned recommendations for agency action.
• May supervise lower-level staff,
• Travel may be required for up to 25%, and
• Other appropriate and occupationally related duties as assigned.
Minimum Qualifications Preferred Qualifications
Subject matter expertise and/or experience in one or more of the following are not required, but are strongly preferred:
• 2+ years of direct experience working in the crypto industry utilizing blockchain analytics and OSINT tools
• Subject matter expertise in transaction monitoring including on-chain and off-chain alerts/investigations
• Solid knowledge of Bank Secrecy Act/Anti-Money Laundering (BSA/AML), Sanctions (OFAC), and related laws, regulations, guidance, and best practices
• General Knowledge of Cybersecurity laws, regulations, and issues
• Valid (non-expired) Certifications held:
o Blockchain analytics certification(s)
o Association of Certified Anti-Money Laundering Specialists: Certified Anti-Money Laundering Specialist, Advanced AML Audit Certification, Advanced Financial Crimes Investigations Certification
o Association of Certified Financial Crime Specialists: Certified Financial Crime Specialist
o Association of Certified Fraud Examiners: Certified Fraud Examiner
o American Bankers Association: Certified AML and Fraud Professional; ABA Certificate in BSA and AML Compliance; ABA Certificate in Fraud Compliance; Certified Regulatory Compliance Manager
o CSBS: Certified Anti-Money Laundering Specialist
• Demonstrated knowledge and experience with virtual currency
Appointment Method:
Candidates must meet the minimum qualifications listed below in order to be eligible for appointment.
Non-Competitive:
Nine (9) years of specialized experience in one (1) of the following of which two (2) years of the experience must have been at a supervisory level:
• Evaluating financial institution financial crime risk (BSA/AML, CIP, OFAC/Sanctions, CTF) in a management, compliance or audit environment.
• Developing and implementing financial crime risk management or compliance policies, programs and procedures.
An associate degree may substitute for two years of specialized experience; bachelor's degree may substitute for four years of specialized experience; master's degree may substitute for five years of specialized experience; J.D. may substitute for six years of specialized experience; Ph.D. may substitute for seven years of specialized experience.
Additional Comments Please note that a change in negotiating unit may affect your salary, insurance and other benefits.
Salary: The starting salary for this position is $106,898 with periodic increases up to $131,665
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 $4,000 annual downstate adjustment.
Appointment Status: Permanent
Appointment to this position is pending Governor Appointment's Office and Division of Budget approval.
Some positions may require additional credentials or a background check to verify your identity.
Name Kara Waters
Telephone
Fax (518) 402-5071
Email Address NCE.Notifications@dfs.ny.gov
Address
Street One Commerce Plaza
Suite 301
City Albany
State NY
Zip Code 12257
Notes on Applying To Apply: Interested qualified candidates must submit a resume and letter of interest no later than August 21, 2026 to the email address listed below. Please include the Box # (Box FCBARA-FSS4FCR-10576) in the subject line of your email to ensure receipt of your application. Email submissions are preferred.
Please be advised that the New York State Department of Financial Services does not offer sponsorship for employment visas.
Kara Waters
Box FCBARA-FSS4FCR-10576
New York State Department of Financial Services
Office of Human Resources Management
One Commerce Plaza, Suite 301
Albany, NY 12257
Email: NCE.Notifications@dfs.ny.gov
Fax: (518) 402-5071
All candidates that apply may not be scheduled for an interview.
Public Service Loan Forgiveness
Employment with New York State qualifies an individual for Public Service Loan Forgiveness (PSLF). This program forgives the remaining balance on any Direct Student Loans after you have made 120 qualifying monthly payments while working full-time for a U.S. federal, state, local, or tribal government or not-for-profit organization. To learn more about the program and whether you would qualify, please visit: https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service
AMERICANS WITH DISABILITIES ACT: REASONABLE ACCOMMODATIONS
Under the Americans with Disabilities Act (ADA), the Department of Financial Services is required to provide reasonable accommodation for known physical or mental limitations of an otherwise qualified applicant with a disability if an accommodation would enable the applicant to perform the essential functions of the job. If the accommodation would constitute an undue hardship on the operations of the agency, the agency is not required to provide it.
All people with disabilities are encouraged to apply to all jobs for which they meet the minimum qualifications.