Vice President and Chief Financial Officer

Company

Federal Reserve Bank of MinneapolisThe Federal Reserve Bank of Minneapolis (Bank) is looking for a Vice President (VP) and Chief Financial Officer (CFO) for its Financial Management Group (FMG).  The VP/CFO provides outstanding leadership to the Bank and ensures that its financial and other FMG-related functions meet stakeholder needs and are effective, efficient, and compliant.

Reporting to the Senior Vice President, this executive level position has primary day-to-day leadership responsibility for a team of about 20.  The VP/CFO will also participate in, and in some cases lead, financial and strategic efforts throughout the Federal Reserve System as a key member of the System-wide finance committee. 

The FMG VP/CFO will also provide thought leadership and forward-leaning practices that support creativity and innovation. The VP/CFO will work effectively across the diverse organization with a Bank-wide and System-wide perspective and an emphasis on budget discipline, collaboration and consensus building. 

The successful candidate will have a minimum of 10 years of demonstrated, progressive, and relevant leadership experience in a complex environment, as evidenced by an established record of achievement. The candidate will also have a proven ability to think and act strategically and critically while interacting with a diverse group of executives, managers, and professionals. They must have the ability to deliver customer-focused services, meet critical deadlines, manage ambiguity, work across business units, and deal with difficult situations as routine. The ability to conduct oneself, at all times consistent with the Bank values of service, integrity, inclusion, initiative, accountability, and objectivity is paramount.

Key Responsibilities:

• Directly accountable to the President, First Vice President, and Board of Directors (including its Audit Committee) for the accuracy and integrity of the Bank’s financial information.  Asserts to the fair presentation of the Bank’s financial statements and the effectiveness of internal controls over financial reporting to the Bank’s external auditors, Board of Directors, Audit Committee, and senior management.
• Coordinates and advances financial planning efforts throughout the Bank, working closely with the Bank’s First Vice President/Chief Operating Officer, often times leveraging resources outside their reporting structure to do so. Directs the preparation of the Bank’s budgets, plans, and forecast; ensuring alignment of financial resources with the Bank’s strategic priorities.
• Proposes, reviews, and adopts System accounting changes as necessary and/or appropriate.  Ensures that accounting changes are understood and properly applied by staff.  Reviews Bank policies for areas of responsibility to ensure they remain current; seeks interpretation and clarification where necessary.
• Oversees and directs the activities of the FMG (e.g. accounts payable, financial accounting and reporting, AS5/COSO coordination, cost accounting, financial planning, and financial analysis) working with the FMG leadership team.. 
• Leads FMG through periodic meetings and correspondence with reporting officers and staff.  Communicates strategies, responsibilities, duties, tasks, and plans to others.  Appraises performance against position responsibilities and department strategies, plans, and standards.  Provides effective coaching and development to these supervisory personnel and other staff.
• Represents the Bank as member of various Federal Reserve System leadership groups, including executive level groups for financial management and related work groups.  
• In partnership with the HRI Vice President, chairs the Position Management Committee that reviews and approves the filling of all open position and requests for new positions.

• Promotes an environment where all employees feel they belong and can contribute to the Bank’s work. In addition, model and enhance an organizational culture that encourages strong employee engagement, fosters a diverse and inclusive workplace, and reduces barriers to productive work.

• Collaborates with Federal Reserve System Financial Support Office (FSO) Operations Officer and FMG FSO staff to support the System responsibilities and strategic initiatives fulfilled by the Bank while promoting a cohesive and inclusive environment for all employees.     

• The VP/CFO will also be responsible for other specific duties and responsibilities that may be assigned, as needed.

Qualifications:

Bachelor’s degree or an equivalent combination of education and experience. Graduate degree and/or CPA preferred.

10 or more years of relevant leadership experience in a complex business environment, as evidenced by an established record of achievement, with at least 5-7 years of experience in finance and/or accounting. 

Superior business acumen, strategic planning skills and experience with an emphasis on innovation and automation.

Demonstrated organizational skills with the ability to identify priorities, drive performance, and execute plans effectively and on schedule.

Excellent communication skills (written and oral), as well as effective presentation and persuasion capabilities, and management presence that demonstrates confidence and credibility.

Resourceful, flexible, and open to new ways of thinking, with the ability to implement change.  Focus on leadership of finance/accounting innovation efforts, particularly those that utilize a risk-focused compliance approach.

Demonstrated strategic and critical thinker with the analytical skills necessary to evaluate, organize, and direct complex projects and programs. Ability to identify key strategic issues affecting areas of responsibility and demonstrate an understanding of their implications.

Excellent interpersonal, leadership, and negotiation skills.  Proven direct management and leadership experience. Excellent judgment when deciding which issues to resolve directly and which require senior management attention.

Discretion and sensitivity in handling confidential, varied and complex issues.

Strong leader, who operates in a transparent manner, manages and motivates the FMG and encourages team cooperation across the organization and functions.

Our total rewards program offers benefits that are the best fit for you at every stage of your career:

• Comprehensive healthcare options (Medical, Dental, and Vision)
• 401(k) match, and a fully-funded pension plan
• Paid time off and holidays
• Free public transportation passes
• Annual educational assistance
• On-site fitness facility
• Professional development programs, training and conferences
• And more…

The Minneapolis Fed is committed to developing a diverse workforce and providing an inclusive environment where all employees are respected and valued. We believe that we can foster development opportunities for all and reach our full potential by recognizing the unique experiences and identities of each of our colleagues. From economists to cash specialists, we work together to represent you in our economy.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Executive

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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