Chief Financial Officer

Devon Bank•Chicago, IL

2d•$190,000 - $225,000

About The Position

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.

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.

Nice To Haves

master’s degree or CPA

Responsibilities

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
Ensure all financial operations comply with federal, state, and local regulations, including the FDIC, OCC, and other banking regulatory requirements.
Oversee risk management processes, including assessing financial risks and ensuring strong internal controls are in place to mitigate potential risks.
Lead the preparation of accurate and timely financial reports, including balance sheets, income statements, and cash flow reports, ensuring adherence to accounting standards (GAAP).
Oversee the bank’s capital structure and liquidity management, ensuring optimal allocation of resources to support growth while managing risk exposure.
Direct the budgeting and forecasting processes, providing financial planning and analysis to support strategic decision-making.
Work closely with other departments, including Operations, Treasury, and Compliance, to ensure seamless coordination across the bank.
Lead the preparation for external audits and regulatory examinations, acting as the primary point of contact for auditors and regulators.
Build and lead a high-performing finance team, fostering a culture of excellence, continuous improvement, and compliance.
Performs other duties as required.