TENTATIVE

                                                                                                            Occ. Code 6654100

New York State Department of Civil Service

Classification Standard 

BRIEF DESCRIPTION OF CLASS SERIES

            Positions in this title series investigate cases of alleged fraud involving financial entities and provide technical assistance to law enforcement agencies.  They investigate cases involving fraud by employees at banking institutions, mortgage brokers, insurers, and other financial entities; organized crime; and scams involving multiple companies/entities.  

These positions have peace officer status and are found only in the Department of Financial Services.

DISTINGUISHING CHARACTERISTICS

           FINANCIAL SERVICES FRAUDS INVESTIGATOR 1: full performance level; investigates cases of alleged financial fraud. 

FINANCIAL SERVICES FRAUDS INVESTIGATOR 2: first supervisory level; serves as team leader on difficult and sensitive cases such as internal fraud by employees of financial entities.

FINANCIAL SERVICES FRAUDS INVESTIGATOR 3: second supervisory level; plans and monitors all investigative activities of an investigation unit. 

FINANCIAL SERVICES FRAUDS INVESTIGATOR 4: regional manager; oversees all investigative activities in a region. 

FINANCIAL SERVICES FRAUDS INVESTIGATOR 5: manager; oversees the statewide planning, coordination, and monitoring of all investigative activities. 

ASSISTANT DIRECTORFINANCIAL SERVICES FRAUDS BUREAU:  exempt one-position class; functions as the assistant director of the Financial Services Frauds Bureau;  establishes policies and directs the investigative priorities. 

DIRECTOR FINANCIAL SERVICES FRAUDS BUREAU:  exempt one-position class; directs all activities of the bureau.

ILLUSTRATIVE DUTIES

FINANCIAL SERVICES FRAUDS INVESTIGATOR 1: under the general direction of a Financial Services Frauds Investigator 2 or 3, obtains evidence in the form of statements, records, exhibits, and photographs for use in court proceedings and administrative hearings; carries out undercover sting operations; develops and operates confidential and non-confidential sources of information; gathers intelligence data related to organized crime rings involved in fraud; interrogates suspects and interviews witnesses; examines documents such as court records, public files, financial records and similar documents in the course of investigations; conducts interrogations of suspects and interviews of potential witnesses such as lawyers, physicians, hospital administrators, bank officers and employees, bank executives, insurance executives, and others; prepares comprehensive investigative reports on findings and makes recommendations to supervisors; assists district, state, and federal attorneys in preparing financial fraud cases; testifies in state and federal courts; and provides technical expertise and training in specialized investigations to other law enforcement agencies.  

FINANCIAL SERVICES FRAUDS INVESTIGATOR 2: under the general direction of a Financial Services Frauds Investigator 3, coordinates the gathering, evaluation, and exchange of criminal intelligence with other employees and bureaus in the Department, and other agencies; develops strategies for handling complex undercover and surveillance cases under investigation; develops, controls, and handles confidential information for cases under investigation including confidential informant files; conducts interviews of potential witnesses such as lawyers, physicians, hospital administrators, bank officers and employees, bank executives, insurance executives, and others; compiles final reports of  investigations; sends approved cases to appropriate agencies  for prosecution; coordinates the exchange of criminal intelligence internally and with various law enforcement agencies; may assign cases to Financial Services Frauds Investigators 1; supervises Financial Services Frauds Investigators 1 in securing, reviewing, evaluating and documenting evidence; and trains Financial Services Frauds Investigators 1 in investigative techniques, insurance, banking and financial services laws and regulations, and applicable criminal statutes. 

FINANCIAL SERVICES FRAUDS INVESTIGATOR 3: under the general direction of a Financial Services Frauds Investigator 4, supervises the daily activities of an investigation unit; joins in and monitors progress of sting operations; monitors all covert surveillance activities throughout an operation; manages problems that arrive during the course of investigations; assigns cases to Financial Services Frauds Investigators 1 and 2; supervises investigators in securing, evaluating, and documenting evidence; and trains Investigator in investigative techniques, insurance, banking and financial services laws, and other applicable criminal statutes; reviews cases to be closed and makes recommendations on civil penalties and criminal prosecution to Financial Services Frauds Investigators 4 and 5; checks that investigators have developed sufficient evidence before presenting cases to prosecution; assists in obtaining indictments and initiating arrests; assists in preparing witnesses for court trials; and directs special fraud task forces. 

FINANCIAL SERVICES FRAUDS INVESTIGATOR 4: under the general direction of the Financial Services Frauds Investigator 5, supervises all investigative activities in a geographic region; determines scope of active investigations and allocates personnel, resources, and equipment based on priorities; develops guidelines for setting up and planning investigations with bureau management; develops projected timetables for cases and monitors progress on cases; provides a central repository for intelligence and research gathered by investigators during the course of an investigation; analyzes data gathered to determine if patterns exist and provides a review of various fraudulent activities; sets up the appropriate channels of communication for each investigation; creates interim reports on status of investigations for higher level staff; interacts with expert witnesses such as handwriting analysts; and supervises the use of covert identities. 

FINANCIAL SERVICES FRAUDS INVESTIGATOR 5: under the general direction of the Assistant Director Financial Services Frauds Bureau, manages all statewide investigative activities and supervises Financial Services Frauds Investigators 4; selects specific targets for investigations and develops strategies for carrying out investigations with the Assistant Director Financial Services Frauds Bureau; confers with program managers from the insurance and banking divisions regarding suspicions of fraudulent activity; oversees the planning, coordination, and implementation of all sting operations statewide; ensures that appropriate investigative procedures are followed by developing policies, guidelines, and written instructive material; oversees the departments activities with respect to various law enforcement and other agencies; reviews all closed cases investigated by the department and cases referred from federal, state, and local jurisdictions to determine if there has been a violation of the Penal Law; and oversees training of investigative staff. 

ASSISTANT DIRECTOR FINANCIAL SERVICES FRAUDS BUREAU:  under the general direction of the Director Financial Services Frauds Bureau, oversees the planning and coordination of all bureau investigations; monitors high profile investigations; contacts the prosecutorial office to discuss whether a fraud case should be accepted; reviews and prepares interim and final reports on the status of investigations; reviews proposals from federal, state, and local law enforcement agencies, the financial services industry, and other sources to develop and set up undercover operations; explores the feasibility and viability, as well as the operational and financial impact, of proposed operations; negotiates areas of responsibilities for participants in multi-jurisdictional, multi-agency cases; forwards cases to the Office of General Counsel for administrative action and issuance of fines; and assists in developing regulations and circular letters regarding the conduct of investigations.

DIRECTOR FINANCIAL SERVICES FRAUDS BUREAU:  under the general direction of executive staff, plans and oversees all operations including the planning, organization, procedures, and practices followed by investigators; establishes and implements policies; devises and approves standards and methods for the selection of cases and reviews and revises standards as conditions warrant; meets with industry officials and others to establish confidential agreements for receipt of sensitive information on suspected frauds; oversees regulatory, administrative, and personnel activities for the bureau; conducts seminars for law enforcement agencies, fire departments, and related organizations to advise them of the bureaus activities and to develop cooperative relationships; meets with prosecutorial officials on the status of cases referred for prosecution; and reviews, analyzes, and comments on changes in rules, laws, and regulations related to fraud.  

MINIMUM QUALIFICATIONS

            FINANCIAL SERVICES FRAUDS INVESTIGATOR 1

Non-competitive: six years of experience in conducting field investigations or investigations of financial fraud preliminary to civil litigation or criminal prosecution. The experience must include gathering and evaluating intelligence of alleged criminal activity; interviewing and interrogating individuals; and testifying in grand jury or criminal trials in state and/or federal court. A bachelor's degree may substitute for two years of the required experience.

            FINANCIAL SERVICES FRAUDS INVESTIGATOR 2

Non-competitive:  eight years of the experience described above for Financial Services Frauds Investigator 1. Two years of the required experience must have been in a supervisory capacity or acting as a team leader.

            FINANCIAL SERVICES FRAUDS INVESTIGATOR 3

Non-competitive:  nine years of the experience described above for Financial Services Frauds Investigator 2.

            FINANCIAL SERVICES FRAUDS INVESTIGATOR 4

Non-competitive: ten years of the experience described above for Financial Services Frauds Investigator 2.

            FINANCIAL SERVICES FRAUDS INVESTIGATOR 5

Non-competitive: eleven years of the experience described above for Financial Services Frauds Investigator 2.

            ASSISTANT DIRECTOR FRAUDS BUREAU:  no minimum training and experience requirements are established for exempt positions.

            DIRECTOR FRAUDS BUREAU:  no minimum training and experience requirements are established for exempt positions.

Date:  3/14

NOTE: Classification Standards illustrate the nature, extent and scope of the duties and responsibilities of the classes they describe.  Standards cannot and do not include all the work that might be appropriately performed by a class.  The minimum qualifications are those which were required for appointment at the time the Classification Standard was written.  Please contact the Division of Staffing Services for current information on minimum qualification requirements for appointment or examination.