About the Role
The Chief Financial Officer will serve as the Bank’s senior finance executive, responsible for all aspects of financial management, reporting, and control.
The CFO will be a key executive officer of the Bank, responsible for maintaining relationship with the regulators (OCC/FRB), financial and managerial reporting, regulatory filings, monitoring policy/regulatory limits (liquidity, capital, NII/EVE, etc.), board-level financial communication, tax, audit, and internal controls.
Responsibilities
Financial Reporting & Regulatory Filings
- Own all financial statement preparation under U.S. GAAP, including monthly, quarterly, and annual reporting packages
- Lead the preparation and filing of regulatory reports: Call Reports, FR Y-9, and other OCC/FDIC/Federal Reserve filings
- Manage the external audit relationship and coordinate annual audit and regulatory exam preparation
- Ensure timely, accurate, and regulator-ready financial information at all times
Budgeting, Forecasting & Variance Analysis
- Own the annual budget process and rolling forecasts; present plan-vs-actual variance analysis with clear driver attribution (volume, margin, mix, cost) to the CEO and Board
- Develop and maintain the Bank’s financial model, including scenario analysis for capital planning and stress testing
- Track and report on strategic plan execution; quantify risks and gaps against plan targets
Capital & Regulatory Interface
- Compute and monitor all regulatory capital ratios (Tier 1 Leverage, CET1, Total Capital to RWA); ensure compliance with OCC minimums and Board-approved internal targets
- Serve as a primary point of contact for OCC examiners on financial condition, capital adequacy, and accounting matters
- Coordinate with Treasury/ALM on liquidity and capital-related impacts of balance sheet decisions; provide independent financial perspective to the CEO and Board
Tax & Accounting Policy
- Oversee federal and state income tax planning, compliance, and reporting
- Coordinate with Credit Risk team on CECL (current expected credit loss) methodology, assumptions, and allowance adequacy
- Evaluate and implement accounting policy changes; ensure compliance with evolving GAAP and regulatory guidance
Board & Committee Reporting
- Prepare and present monthly financial packages for the Board of Directors, Audit Committee, and Risk Committee
- Produce materials suitable for investor, rating agency, and regulatory audiences as needed
- Ensure all financial communication meets the standard of external scrutiny: neutral, factual, and precise
Internal Controls & Operations
- Maintain and strengthen the Bank’s internal control environment over financial reporting
- Oversee accounts payable, general ledger, fixed assets, and financial operations
- Manage finance team staffing, development, and workflow as the Bank scales
- Head office integration and managerial reporting
- Lead the integration with head office on all aspects of Finance (accounting, managerial, capital, etc.)
Qualifications
- 10+ years of progressive finance experience in U.S. banking, with at least 5 years in a CFO, Deputy CFO, or Controller role at an OCC-regulated national bank
- Direct experience with OCC regulatory examinations and regulatory financial filings (Call Reports, capital calculations)
- Deep knowledge of U.S. GAAP as applied to banking, including CECL, investment accounting, and loan accounting
- Experience preparing financial materials for a Board of Directors and/or Board committees
- Demonstrated ability to manage external audits and coordinate with regulatory examiners
- CPA preferred
