Virtual Currency Senior Blockchain Analytics Analyst (Financial Services Specialist 2 (Financial Crimes Risk), SG-23)

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 candidates for the position of Virtual Currency Senior Blockchain Analytics Analyst, (Financial Services Specialist 2 (Financial Crimes Risk)) in Virtual Currency. Duties include, but are not limited to, the following:

• Evaluates on-chain illicit activity risk leveraging attribution from multiple blockchain analytics tools; Monitors dashboards daily identifying data anomalies and exposure to high-risk illicit activity;
• Conducts ongoing research identifying new financial crime transaction patterns and typologies, escalating and presenting findings to management;
• Proactively monitors and evaluates licensed entities on-chain exposure to OFAC designations, FinCEN Section 9714 Orders, 311 Special Measures, terrorist financing, mixers, darknet markets, CSAM, ransomware, scams, and other illicit activities;
• Executes on triggered/ad hoc alerts by conducting complex investigations, using a suite of blockchain analytics and due diligence tools. Document findings in PowerPoint decks and present findings to management;
• Drafts Request for Information (RFI) documents and engage with licensed entities as needed to ensure compliance with state and federal regulations, guidance, warnings and expectations outside examination cycle;
• Maintains a solid understanding of existing and emerging blockchains, tokens, and technologies impacting the industry and identifies areas for enhancing the Virtual Currency Financial Crimes monitoring processes related to the use of blockchain analytics and market surveillance tools;
• Conducts investigations on fraud alerts (i.e., insider trading/market manipulation) and provides written disposition of findings. Escalates suspected incidents of insider trading in accordance with policy. Evaluates and recommends new use cases for fraud detection to management;
• Identifies contradictory attributions of on-chain transactions from blockchain analytics vendors and works with the vendor to resolve discrepancies;
• Serves as a resource on crypto related BSA/AML matters for all functions of the Virtual Currency & VC Limited Purpose Trust Charter Units, including applications, supervision, examinations, and the consideration of material-change-of-business requests;
• Maintains a good understanding of the BSA/AML laws, regulations, guidance, and best practices, relevant to transaction monitoring, suspicious activity reporting, money laundering typologies and investigative techniques required to detect illicit activity 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; and
• Other appropriate and occupationally related duties as assigned;
• Travel may be required (up to 50%).

Minimum Qualifications

Preferred Qualifications

• 1+ years direct experience working in the crypto industry utilizing blockchain analytics and OSINT tools. Appointment Method: Candidates must meet the minimum qualifications listed below in order to be eligible for appointment. Non-Competitive: A Bachelor's Degree in Accounting, Actuarial Science, Auditing, Banking, Business, Business and Technology, Commerce, Criminal Justice, Finance, Economics, Econometrics, International or Public Affairs, Law, Statistics, or Mathematics and three (3) years of specialized experience in one (1) of the following:
• 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. A Master's Degree in one (1) of the related fields or a J.D. may substitute for one (1) year of specialized experience. A Ph.D. in one (1) of the related fields may substitute for two (2) 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 $86,681 with periodic increases up to $109,650 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: Per

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