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Federal Reserve Bank - Dallas, TX
posted 2 months ago
About the position
The Assistant Vice President in Financial Management at the Federal Reserve Bank of Dallas will oversee key functions such as Financial Planning & Analysis, Internal Controls over Financial Reporting, and Enterprise Risk Management. This role is pivotal in setting strategic directions, evaluating business performance, and driving improvement opportunities while ensuring alignment with the organization's vision. The AVP will foster a high-performance culture, inspire a diverse team, and maintain effective relationships with stakeholders to uphold the Bank's reputation as a trusted financial institution.
Responsibilities
- Partner with the CFO and key business stakeholders to produce high-quality annual budgets and monthly financial forecasts.
- Report timely, accurate, and reliable financial information to internal and external customers.
- Monitor the Bank's financial targets by comparing forecasts and plans to actual financial performance and provide variance analysis reporting.
- Provide analytical reports and recommendations related to business operations for senior stakeholder considerations.
- Oversee the development of scorecards and reports for board meetings.
- Build financial models to assist the CFO in managing the organization's financial results.
- Oversee the Bank's enterprise risk management program and fraud prevention activities.
- Provide support and analysis on risks to the Bank's Risk Management Committee.
- Report on organizational risk events and identify emerging risks in alignment with the Bank's risk appetite.
- Partner with Procurement to perform risk assessments for third-party vendors.
- Ensure Sarbanes-Oxley internal controls testing is completed for all financial, IT, and entity-level controls.
- Communicate and document any control deficiencies and provide recommendations to business areas.
- Conduct control walkthroughs with business areas to determine appropriate controls over financial reporting.
- Facilitate the assertion and reliance letter process with business areas and central service providers.
- Partner with the Bank's external auditor to respond to control and substantive requests.
- Participate in financial diligence and analysis related to transactions and strategic partnerships.
- Proactively manage connections between Financial Management and business areas.
- Gather feedback regarding services provided by Financial Management and recommend actionable items based on feedback.
- Provide briefings on budget performance, enterprise risk management, and SOX internal controls activities to Senior Management.
Requirements
- Bachelor's degree in Finance, Economics, or Accounting.
- Graduate degree preferred.
- Five years of relevant FP&A experience, preferably in the financial services industry.
- Three years of relevant Enterprise Risk Management or SOX internal controls experience preferred.
- Five or more years of experience managing and leading employees preferred.
Nice-to-haves
- Experience in financial services industry.
- Strong analytical skills and attention to detail.
- Excellent communication and interpersonal skills.
Benefits
- 401(k) matching
- Dental insurance
- Free parking
- Health insurance
- Paid holidays
- Tuition reimbursement
- Vision insurance
