Vice President and Chief Financial Officer -- Financial Management Group

Company

Federal Reserve Bank of Minneapolis

The 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