NEW YORK, NYPosted a month ago

Job summary

• Job post source

  This job is directly from New York State Department of Financial Services

• Job overview

  The Program Research Specialist 2 (Economics Finance) role at the New York State Department of Financial Services involves conducting economic and financial research to support regulatory and policy objectives that ensure consumer protection and financial system stability.

• Responsibilities and impact

  The specialist plans and conducts studies, develops data collection methods, analyzes quantitative data, provides technical advice, prepares comprehensive reports, monitors program effectiveness, and supervises lower-level staff to improve financial programs and policies.

• Compensation and benefits

  The salary range is $86,681 to $109,650 with an additional $4,000 annual downstate adjustment for certain locations; benefits include insurance and other state employee benefits subject to negotiating unit changes.

• Experience and skills

  Requires a bachelor's degree with coursework in statistics, economics, or related fields plus three years of professional research experience in quantitative data analysis related to financial or economic programs; knowledge of rate setting, taxation, or Medicaid reimbursement is essential.

• Career development

  Employees hired under the NY HELPS program may transition from non-competitive to competitive status, gaining full rights and promotion opportunities within New York State civil service.

• Work environment and culture

  The department emphasizes equity, transparency, resilience, and consumer protection within a regulatory environment focused on innovation and economic growth.

• Company information

  The New York State Department of Financial Services regulates financial institutions and markets to protect consumers and promote economic growth in New York State.

• Team overview

  The position is within the Consumer Examinations Unit, which focuses on economic finance research and program evaluation to support regulatory functions.

• Job location and travel

  Positions are located in the New York City metropolitan area and nearby counties, with eligibility for a downstate salary adjustment.

• Unique job features

  The role offers involvement in statewide and potentially national level studies with opportunities to influence financial regulatory programs and policies.

Company overview

The New York State Department of Financial Services (NYDFS) is a regulatory body that supervises and regulates financial services and products in New York State, including insurance companies, banks, and other financial institutions. Established in 2011 through the merger of the New York State Banking Department and the New York State Insurance Department, NYDFS aims to ensure the safety and soundness of these institutions, protect consumers, and promote the stability of the financial system. The department generates revenue through licensing fees, assessments on regulated entities, and fines for regulatory violations. Key initiatives include cybersecurity regulations, financial inclusion, and consumer protection measures.

How to land this job

• Tailor your resume to emphasize your expertise in quantitative data collection and evaluation, particularly related to economic finance, rate setting methodologies, and program effectiveness, as these are core to the Program Research Specialist 2 role at the New York State Department of Financial Services.

• Highlight your experience in planning and conducting detailed studies, developing data collection methods, and providing technical guidance to stakeholders, showcasing your ability to manage complex research projects and influence program policies.

• Apply through multiple platforms, including the New York State Department of Financial Services' official career page and LinkedIn, to maximize your application’s visibility and ensure you don’t miss any opportunities.

• Connect with current employees in the Consumer Examinations Unit or related divisions on LinkedIn, using ice breakers such as asking about recent regulatory initiatives, their experience working on economic finance projects, or how the department fosters innovation and consumer protection.

• Optimize your resume for ATS by incorporating keywords from the job description like 'quantitative data analysis,' 'rate setting methodology,' 'program evaluation,' 'economic finance,' and 'policy development' to ensure your resume passes initial screenings.

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