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Fintech Policy Advisor - PUBLIC SERVICE ADMINISTRATOR, OPT 3

We continually strive for a workforce that reflects the growing diversity within the State of Illinois.  A variety of employee backgrounds, perspectives, ideas and experiences are crucial to our ability to most effectively serve the public.  Bilingual skills welcome

Reasonable Accommodation Statement

Persons with disabilities are provided reasonable accommodations throughout the hiring process and during performance of all job duties.  Please email the Central Management Services Disability Resource Center at CMS.DisabilityResCen@illinois.gov or call (217) 524 - 7514 for further information and to request an accommodation.

Sponsorship for Employment

The State of Illinois does not provide sponsorship for employment visa status (e.g. H-1B visa status).  To be considered for permanent employment with the State of Illinois, applicants must be currently authorized to work in the United States on a full-time basis.

Disclosure of Salary Information

In compliance with the Illinois Equal Pay Act, 820 ILCS 112/1 et seq., the State does not seek, request, or require a job applicant’s wage or salary history.  Employment decisions are not made based on an applicant’s wage or salary history.  To that end, please do not include wage or salary information in your resume or other profile or application materials.

Date:  Sep 16, 2022
Location: 

Chicago, IL, US, 60661

Job Requisition ID:  18941

Agency :  Department of Financial and Professional Regulation Secretary's Staff/Office of Innovation Program

HR Tracking#: 33904
Closing Date/Time: 09/30/2022
 
Salary:   $6,956 - $10,607  
Job Type:   Salaried Full Time  
County:   Cook  
Number of Vacancies:   1  
Plan/BU:   RC063  

 

This position is a union position; therefore, provisions of the relevant collective bargaining agreement/labor contract apply to the filling of this position.

 

All applicants who want to be considered for this position MUST apply electronically through the illinois.jobs2web.com website. State of Illinois employees should click the link near the top left to apply through the SuccessFactors employee career portal.

Applications submitted via email or any paper manner (mail, fax, hand delivery) will not be considered.

 

Posting Identification Number #18941

Position Overview

The IDFPR is seeking an individual with training and experience in financial technology to help guide the Office of Innovation Program. In this role, under the direction of the Regulatory Innovation Officer, one serves as a policy advisor on emerging financial technologies and fintech business models. Designs and develops independent economic and financial models to test and flag risks to consumers and financial stability. Collaborates with Department leadership on matters related to financial technology. Coordinates with Department leadership to develop and implement Department policy related to innovative financial products and services. Serves as a liaison for the Department to coordinate and consult with other state and federal financial regulators to identify common risks related to emerging financial technologies and fintech business models.

Job Responsibilities

  • Under the direction of the Regulatory Innovation Officer, serves as a policy advisor on emerging financial technologies and fintech business models for the Department’s Office of Innovation program
  • Designs and develops independent economic and financial models to test and flag risks to consumers and financial stability observed or likely to be observed by the Department
  • Collaborates with the Regulatory Innovation Officer, Division of Banking and Division of Financial Institutions, Legal Affairs and Legislative Affairs staff, Executive Team members, senior staff and other policy advisors on matters related to financial technology including but not limited to blockchain and distributed ledgers, machine learning, and artificial intelligence to provide subject matter expertise
  • Coordinates with the Regulatory Innovation Officer, Executive Team members, senior staff, and other policy advisors to develop and implement Department policy related to innovative financial products and services
  • Serves as a liaison for the Department to coordinate and consult with other state and federal financial regulators to identify common risks related to emerging financial technologies and fintech business models
  • Performs other duties as required or assigned which are reasonably within the scope of the duties enumerated above

Minimum Qualifications

  • Requires knowledge, skill and mental development equivalent to successful completion of four years of college, including courses in mathematics, statistics, accounting, computer systems, data science, engineering, public administration, or business administration, preferably a bachelor's degree in computer science or related fields
  • Requires prior experience equivalent to three years of progressively responsible administrative experience in a public or business organization

 

Preferred Qualifications (In Order of Significance)

  • Prefers at least three years of relevant professional, academic, or volunteer experience in financial technology
  • Prefers at least three years of relevant experience in banking, financial services, or financial supervision and regulation
  • Prefers master's degree, preferably in computer science, business administration, economics, finance, public administration, public policy, or a related field of study
  • Prefers at least three years of experience regularly communicating with and presenting to senior executives at regulatory agencies, financial companies, think tanks, and universities
  • Prefers at least three years of experience writing and preparing high-quality briefings, reports, and presentations for senior executives and/or the public on a consistent schedule

Employment Conditions

  • Requires the ability to pass an agency conducted background check
  • Requires the possession of a valid, appropriate drivers license and the ability to travel

Education Degree

  • Requires knowledge, skill and mental development equivalent to successful completion of four years of college, including courses in mathematics, statistics, accounting, computer systems, data science, engineering, public administration, or business administration, preferably a bachelor's degree in computer science or related fields
  • Requires prior experience equivalent to three years of progressively responsible administrative experience in a public or business organization

About the Agency

IDFPR is a regulatory licensing and enforcement agency that protects the residents of Illinois, ensures the safety and soundness of financial institutions, ensures that competent professionals are licensed to provide services to the public, and enhances commerce in the state for the benefit of all its residents. 

Work Hours:  8:30am - 5:00pm M-F  
Work Location: 555 West Monroe Street Chicago IL 60661  
Agency Contact:
 
FPR.Employment@Illinois.gov

Job Family:  Administration/Management  

 

Revolving Door:
Certain provisions of the revolving door restrictions contained in 5 ILCS 430/5-45 apply to this position.  As a result, the employee should be aware that if offered non-State employment during  State employment or within one year immediately after ending State employment, the employee shall, prior to accepting any such non-State employment offer, notify the Office of the Executive Inspector General for the Agencies of the Illinois Governor (“OEIG”) or may be subject to a fine.

 

This position DOES NOT contain “Specialized Skills” (as that term is used in CBAs).

 

APPLICATION INSTRUCTIONS

Use the “Apply” button at the top right or bottom right of this posting to begin the application process.

If you are not already signed in, you will be prompted to do so. 

State employees should sign in to the career portal for State of Illinois employees – a link is available at the top left of the Illinois.jobs2web.com homepage in the blue ribbon. 

Non-State employees should log in on the using the “View Profile” link in the top right of the Illinois.jobs2web.com homepage in the blue ribbon.  If you have never before signed in, you will be prompted to create an account.

If you have questions about how to apply, please see the following resources:

State employees: Log in to the career portal for State employees and review the Internal Candidate Application Job Aid

Non-State employees: on Illinois.jobs2web.com – click “Application Procedures” in the footer of every page of the website.

 

The main form of communication will be through email. Please check your “junk mail”, “spam”, or “other” folder for communication(s) regarding any submitted application(s). You may receive emails from the following addresses:

  • donotreply@SIL-P1.ns2cloud.com
  • systems@SIL-P1.ns2cloud.com

 


Nearest Major Market: Chicago