Assistant Vice President - Financial Management

Company

Federal Reserve Bank of Dallas

The Federal Reserve Bank of Dallas promotes a strong financial system and healthy economy in the Eleventh Federal Reserve District, which includes Texas, northern Louisiana, and southern New Mexico. Through our offices in Dallas, El Paso, Houston, and San Antonio, our team of 1,300 employees works for and with the people of our district to build a strong and inclusive economy. The Dallas Fed works within the Federal Reserve System and with other public and private sector institutions to foster the safety, soundness and vitality of the United States economy and financial system.

We are one of 12 Reserve Banks that, along with the Board of Governors in Washington, D.C., constitute the Federal Reserve System, the nation’s central bank. Our mission is to serve the interests of the American people by informing and influencing our nation’s monetary policy, fostering financial stability, and delivering quality services to the United States government and the financial institutions in our region. The Federal Reserve was established by and is accountable to Congress but operates independently.

The Dallas Fed’s responsibilities are wide-ranging. We actively work with the government, financial industry, and community to conduct economic research and gather perspectives from our region to bring to national conversations about monetary policy; ensure our banking system is safe, accessible, and secure; help maintain a reliable supply of cash and support digital payments; and ensure that all people in our district have opportunities to build a bright economic future. Our success depends on actively connecting with the people and communities we serve.

Location: #LI-Hybrid

Assistant Vice President Financial Management

The Role:

The Assistant Vice President of the Financial Support Office (FSO) Financial Management Shared Services Center (FMSSC) provides strategic leadership for, and operational guidance to, the Federal Reserve System’s financial shared services center, which is responsible for accounts payable, travel and expense, and discretionary spend processing, as well as part of supplier management. With more than 50,000 invoice and 17,000 travel expense reports processed annually, the successful candidate will be expected to maintain and advance a culture of operational excellence, strong customer support and innovation through technology, standardization and metrics.  They will ensure there is alignment to the FSO vision and priorities across all levels of their team, leading by example. They will identify and grow organizational capability and a talent pipeline for the success of the FSO today and in the future.

The Assistant Vice President of FSO FMSSC will ensure their leadership and the practices of their team sustain and enhance the Bank's reputation as a trusted public and financial institution. They will establish and maintain effective relationships with external partners and internal stakeholders at all levels in the communities we serve, the broader FSO and Dallas Reserve Bank, and across the Federal Reserve System.

The FSO FMSSC, based in Dallas, is a key function within the broader FSO, headquartered in the Federal Reserve Bank of Boston. With some team members in locations outside of Dallas (Minneapolis and Chicago), the successful candidate will have a proven ability to manage remote employees, keeping them engaged and feeling like a part of the team.

Key Responsibilities:

The FSO Financial Management Shared Services Center (FSO FMSSC) AVP is responsible for a variety of processes related to the maintenance and operational procedures within Workday as well as the operational duties related to financial management shared services.  The FMSSC conducts finance operations on behalf of Reserve Banks. The responsibilities associated within the product model include coordination of business procedures and contingency testing with National IT, Reserve Banks, System business areas, and the ESO ERP Support Office. The responsibilities associated with shared services include:

• Accounts Payable Shared Services: invoice entry and scanning functions at the beginning of the invoice process, completing payment and general ledger posting processes for supplier payments and employee reimbursements, check reconciliation, servicing internal and external customers, procurement card administration, invoice issues resolution, non-PO approvals, and aging invoices monitoring.

• Discretionary Expense Services:  discretionary spend compliance, user support, purchasing card support, general ledger reconciliation,

• Travel Shared Services: travel compliance, traveler support, general ledger account reconciliations, AMEX @ Work reconciliations, travel card support, taxable income calcul