Assistant Vice President Financial Management

Federal Reserve System • Dallas, TX

1d • Hybrid

About The Position

The Federal Reserve Bank of Dallas (Dallas Fed or Bank) 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, and our team of 1,300 employees, we work for and with the people of our district to build a strong and inclusive economy. The Dallas Fed works within the Federal Reserve System (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 nation’s central bank. We are part of the Federal Reserve System, which was established by Congress in 1913. Our mission is to serve the interests of the American public 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. Financial Management is a value-added business partner providing strategic decision support through an integrated finance process/chain and superior customer service model. The department is responsible for reporting timely, accurate, and reliable financial information to internal and external customers; ensuring the integrity of the Bank’s financial information; and procuring goods and services for the Bank. The department also provides high quality planning and forecasting data and ensures the budget aligns with the organization’s strategy and System guidance. Financial Management is also responsible for the Bank’s enterprise risk management program and fraud prevention activities including partnering with all business areas to identify risks and monitor action plans. The department performs Sarbanes-Oxley internal controls testing on behalf of management for all financial, IT, and entity-level controls. Financial Management works with the Bank’s external auditor to provide responses to control and substantive requests, facilitate meetings with business areas, and review communications with Bank management. The department also includes the District Project Management Office (PMO), established to promote continuous improvement of project and program management practices resulting in improved project execution and outcomes. The Assistant Vice President in Financial Management will provide strategic leadership for the department, with responsibilities that may include oversight of accounting, finance business partners, procurement, and other administrative functions as needed to best serve the organization. This role requires adaptability as specific responsibilities are subject to change based on departmental needs and priorities. The ideal candidate will be capable of leading any function within Financial Management to best serve the organization's evolving requirements. The AVP will build a culture of high performance and inspire a team of highly engaged talent through leading people practices. They will ensure there is alignment to the vision and priorities of the organization at all levels of their team. They will lead by example as a coach, identifying and growing organizational capability and the talent pipeline for the success of Financial Management today and in the future. The AVP will possess strong financial and operational expertise, including oversight over the Bank’s financial reporting process and financial statements. The position also requires broad knowledge of financial management functions, as well as an understanding of end-to-end financial management processes.

Requirements

• Bachelor’s degree in Finance, Business Administration, Accounting; Graduate degree preferred
• Certified Public Accountant (CPA) or relevant experience
• Minimum of eight years of relevant accounting, FP&A, or other finance related experience
• Five or more years of experience with managing, and leading managers and employees preferred.
• Deep interest in public service and commitment to the mission of the Federal Reserve System.
• Applicants must be eligible to work in the U.S and the role is not available for sponsorship.

Responsibilities

• Lead engagement of teams across Financial Management related to people management practices, including performance planning and management, communications, and culture advancement initiatives.
• Ensuring accurate financial statements for internal and external users based on Generally Accepted Accounting Principles (GAAP) and the Financial Accounting Manual for Federal Reserve Banks.
• Ensuring effective controls over all financial reporting processes.
• Reviewing external service provider reports (i.e. SOC 1 reports) and rendering an opinion on whether any control deficiencies impact the Bank’s financial statements.
• Providing proactive, strategic financial management consultation and solutions to stakeholders to produce annual budgets, monthly financial forecasts, and variance analysis.
• Consulting regarding financial services and creating valued insights, such as analysis and decision support.
• Supporting, challenging and influencing business area decision-making by recommending best practices and providing insightful background information.
• Addressing bank-wide procurement and discretionary expenditure needs using strategic sourcing to payment approaches.
• Overseeing the development, implementation and enhancement of dashboards, visualization and scalable business processes balancing stakeholder needs and FRS data governance guidelines.
• Provides periodic presentations to the Audit Committee, First Vice President, and President.
• Be a leader within the District in vision, presence, and partnership.
• Have an enterprise mindset.
• Ensure solutions focused on overall success of the Bank and Federal Reserve System.
• Build connections with other Reserve Banks and the Federal Reserve Board to increase thought leadership within the Federal Reserve System.
• May serve on or lead local or System work groups or committees.
• Actively seek, secure, and develop the best talent available.
• Ensure high engagement of teams across the Financial Management department and Bank, ensuring optimal performance and continual skill development of staff.
• Mentor and support staff to develop the next generation of Bank leaders.

Benefits

• Health, dental and vision insurance.
• Pension and 401K Plan with employer matching provision.
• Credit protection, financial planning, and opportunities for pre-tax savings.
• Work environment with generous vacation, federal holidays, and paid time off to volunteer in the community.
• Healthy lifestyle assistance through an on-site fitness center and subsidized cafeteria with healthy food options.
• Centrally located in Downtown Dallas with free on-site underground parking, and public transportation subsidy.
• Support with continued education.
• Relocation assistance may be offered.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager