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Description
At Devon Bank, we don’t just accept diversity—we celebrate it, we support it, and we thrive on it for the benefit of our employees, our customers and our community. We provide a welcoming and accepting culture that comes from our desire to make diversity, respect and service a priority.
Summary
The Chief Financial Officer (CFO) is responsible for overseeing the financial operations of the bank, ensuring compliance with all applicable regulations, and driving financial strategy to support the bank’s growth and stability. The CFO works closely with the CEO and other senior leaders to provide financial insight, guidance, and direction.
Key Responsibilities
- Financial Strategy & Leadership: Develop and implement the financial strategy of the bank to ensure financial health, growth, and compliance.
- Monitor interest rate, credit, and portfolio risk status and set limitations as required for Asset/Liability management. Chair Alco Meetings
- Regulatory Compliance: Ensure all financial operations comply with federal, state, and local regulations, including the FDIC, OCC, and other banking regulatory requirements.
- Risk Management: Oversee risk management processes, including assessing financial risks and ensuring strong internal controls are in place to mitigate potential risks.
- Financial Reporting: Lead the preparation of accurate and timely financial reports, including balance sheets, income statements, and cash flow reports, ensuring adherence to accounting standards (GAAP).
- Capital & Asset Management: Oversee the bank’s capital structure and liquidity management, ensuring optimal allocation of resources to support growth while managing risk exposure.
- Budgeting & Forecasting: Direct the budgeting and forecasting processes, providing financial planning and analysis to support strategic decision-making.
- Collaboration: Work closely with other departments, including Operations, Treasury, and Compliance, to ensure seamless coordination across the bank.
- Audit & Examination Preparation: Lead the preparation for external audits and regulatory examinations, acting as the primary point of contact for auditors and regulators.
- Leadership: Build and lead a high-performing finance team, fostering a culture of excellence, continuous improvement, and compliance.
- Performs other duties as required.
Requirements
- Bachelor’s degree in accounting, finance, or a related field (master’s degree or CPA preferred).
- Minimum of 10 years of experience in a senior financial leadership role, preferably within the banking or financial services industry.
- Deep knowledge of banking regulations, including FDIC, OCC, and other federal and state regulatory frameworks.
- Proven track record of overseeing financial operations, strategy development, and regulatory compliance within a financial institution.
Pay Range And Benefits
Base pay of $190,000 to $225,000 depending on experience
Life Insurance, short- and long-term disability fully paid by Devon Bank
Medical, Dental, Vision and 401k with employer match
EEO/AAP Statement
Devon Bank is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
If you need assistance or an accommodation due to a disability, you may contact us at HRCommunications@devonbank.com or you may call us at (773)- 465-2500.
