The New York Department of Financial Services (NYDFS), the body responsible for regulating securities in New York, is hiring another Deputy Superintendent for Virtual Currency to help helm department’s newly created Research and Innovation Division for fintech, cryptocurrencies and DLT.
The Deputy Superintendent will maintain, “a special focus on virtual currencies, digital currencies, blockchain, distributed ledger technology, and other related innovative and derivative products and technologies.”
He/she/they will also provide expertise and leadership, “to support policy decisions and the regulation of emerging and innovative markets, including virtual currencies and virtual currency markets and businesses…(and will be expected to) engage with industry.”
Formal qualifications are not required, but, “Compliance, legal, or other relevant experience on matters related to virtual currencies, digital currencies, blockchain, distributed ledger technology,” will be considered.
Knowledge of NYDFS policies on cryptocurrencies and DLT, experience in financial markets and management experience in the crypto sector will also be helpful.
The new department, creation of which represents something of an about-face in the department regarding the emerging fields of fintech, crypto and DLT, has already hired Matthew Homer as Executive Deputy Superintendent; Matthew Siegel and Olivia Bumgardner as Deputy Superintendents; and Andrew Lucas as Counsel…”
The NYDFS’s Research and Innovation Division has been launched to forward the state of New York as a centre for innovation in finance, according to new NYDFS Superintendent Linda A Lacewell:
“The financial services regulatory landscape needs to evolve and adapt as innovation in banking, insurance and regulatory technology continues to grow…This new division and these appointments position DFS as the regulator of the future, allowing the Department to better protect consumers, develop best practices, and analyze market data to strengthen New York’s standing as the center of financial innovation.”
The deadline to apply for the position is October 31st.