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Chief Financial Officer - Banking

New York, NY

Base compensation is targeted at $225 - $275. (Plus Equity / Stock awards, and potential bonuses).  Compensation will be determined on candidate's credentials, experiences, and potential value to the department / firm.


Chief Financial Officer


Position Overview:

Our client is a long standing, respected NYC based bank focused on creating wealth enhancing situations across diverse communities.  In addition to maintaining a well-established branch network, they specialize in providing access to capital and financial advice to consumers, businesses, and non-profit organizations.  The Bank provides commercial real estate and small business loans and a range of complementary bank products and services.

The Chief Financial Officer is responsible for providing strategic & tactical leadership on all critical financial areas throughout the bank. As the key liaison between the Chief Executive Officer, the Board of Directors, management teams and stockholders the CFO will have direct hands on oversight of all financially related matters including (but not limited to) strategic financial Initiatives, financial planning, asset/liability management, management of  external vendor relationships (external auditors and tax advisors) and oversight of the finance and accounting teams. 

Partial remote situations considered.


Position Description:

  • At the board level, the CFO will manage information flow to the Board of Directors’ Finance and Audit Committee in execution of the Company’s fiduciary responsibilities, including quarterly SEC and bank regulatory filings (10-Ks, 10-Qs, earnings release, Thrift Financial Report, etc).
  • The CFO will chair management committees including the Management Investment Committee, the Internal Asset Review Committee, and others.   
  • The CFO will serve as a member of Management Loan Committee (Chaired by Chief Lending Officer) and Benefits Committee (Chaired by SVP for Human Resources).
  • Prepares and coordinates dissemination of key financial performance information to the Board and management team.
  • The CFO will work hand in hand with the CEO to keep investors apprised of all necessary information.   Duties will include preparing and distributing earnings releases and other material information, producing investor presentations including those presented at the Annual Meeting of Stockholders, managing outbound and inbound calls regarding financials and other significant matters.
  • The CFO’s direct reports include the Controller, who manages the accounting department on a daily basis and the Treasurer, who manages various duties related to the Company’s asset/liability management, including the investment portfolio and budget and forecasting processes. The CFO may have dotted line responsibilities for the Human Resources and Bank Operations departments in the company.
  • The CFO manages relationships with the independent external auditor, along with tax and legal counsel, and interest rate risk and investment banking advisors.


 Qualifications & Skills

  • At least 10 years of experience, with increasing levels of responsibility and extensive knowledge of the banking community.  (Community banking preferred).   
  • CPA (+) OR 15 years of practical experience in the banking field, (e.g., prior bank CFO and/or practicing accountant).
  • Detailed knowledge of critical accounting policies including GAAP, FASB rules/guidelines; SEC and FDIC/OCC filings; Sarbanes-Oxley or FDDICIA.
  • Prior working relationship with the OCC or FDIC required. Experience with public company and SEC reporting required.  Extensive knowledge of applicable federal, state, local, and company-specific regulations, policies, and guidelines affecting business practices.
  • Ability to apply financial research techniques and interpret the results to conduct comprehensive evaluations of vast amounts of data, and to make presentations in a concise, and clear manner.
  • Proven expertise managing banking finance and accounting teams, (preferably from organizations with assets in excess of $1 billion.  Previous exposure to institutions that have implemented acquisitions is a plus).
  • Demonstrated “presence” with excellent communication skills (written and verbal), consistent with working with a Board of Directors and executive management team, while representing the Company before its most significant external constituents (e.g., external auditors, regulators, and stockholders).  
  • Strong communication skills – the ability to present ideas and strategy with conviction. Effective public speaking ability is required
  • Demonstrated leadership skills including experience in building and managing a cohesive and focused team as well as developing strong relationships with, and the respect of, other functional executives
  • Detail oriented, with ability to multi-task, plan ahead and make sound judgments with incomplete information.  Excellent organization/project management abilities with time management and strong team orientation skills.
  • Proven track record of developing and promoting talent in organizations.
  • Recognized track record demonstrating ability to influence vertically and horizontally in an organization.
  • A strong work ethic with a high standard of attention to detail and quality. Comfortable with working in a demanding and intellectually high-powered environment.
  • Ability to multi-task in a rapidly changing and expanding environment. Thrives in an entrepreneurial environment.
  • Knowledge of Fiserv and Sageworks platforms for Finance and Credit Risk Management is a definite plus but not required.