What are the responsibilities and job description for the Director of Strategic Finance position at Bank-Fund Staff FCU?

About BankFund :

BankFund Credit Union is a full-service financial cooperative that was organized and chartered in 1947 as a convenient place for employees of the World Bank Group and International Monetary Fund and their families to save and to obtain credit. Located in Washington, DC, BankFund maintains three full-service branches downtown with our headquarters located near Farragut West metro station. This position is classified as a hybrid role which means that on-site work will be expected. After completion of training for the role, staff generally work on site 40% of the time but this is subject to change based on health and safety standards and operational need.

Summary :

Support the Controller and Treasurer in various activities including integrating FP&A into ALCO and budgeting, enhancing policies and procedures, ALCO decks, special projects, building out investments, etc. This role will also be involved in automating and streamlining data (working with our business analytics group), as well as helping develop our model inventory and model risk management program.

Participates in the development of the overall financial management strategy of BankFund to accomplish its short and long-term objectives. Participates in various committees related to portfolio oversight and awareness, risk issues and mitigation strategies, and investment positions.

Responsibilities : Operational

Develops, applies, evaluates and implements effective policies and operational procedures to maximize efficiency and quality
Has a background / experience with financial models, and using financial data to create and deploy models
Prepares and reviews ad-hoc analysis as needed for the CFO and works closely with the other direct reports to the CFO in business lines such as Accounting, Finance and Business Analytics.
Directs the identification, development, and implementation of strategies and initiatives to enhance investment performance and manage the overall risk / reward relationship
Provides support for the Credit Union's daily liquidity needs for Credit Union operations and provides recommendations for managing liquidity requirements
Partner with key leaders on the development of critical data analytics dashboards, synthesis and strategic planning

Compliance

Serves as a subject matter expert on NCUA guidance and provides regular updates on industry best practices for Financial Model Risk Management

Ensures compliance with Federal Credit Union regulations and laws as they relate to all areas of finance related processes

Successfully participates in annual Information Security refresher training. Comply with the Information Security Policy, including the immediate reporting of unusual or suspicious activity to management and the Information Security Officer. Follow all procedures to protect company computers from viruses, and to maintain the security and confidentiality of Credit Union data

Participate in annual Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) training and demonstrate knowledge and understanding of the BSA and OFAC, including the immediate reporting of unusual or suspicious activity to the Risk Management Department. Undertake additional training specific to daily responsibilities and as required to ensure continued compliance with all applicable regulations

Ensure the Credit Union's safe harbor protections as allowed by the BSA. Understand that if confronted with knowledge of existence of a Suspicious Activity Report (SAR), an obligation exists to preserve the confidentiality of that SAR, as well as any information that may reveal the existence of a SAR. Maintain awareness of, and immediately report to the Compliance Officer, any unauthorized disclosure of a SAR, or unauthorized disclosure of information related to a SAR. Understand that failure to do so is a violation of federal law and may lead to both civil and criminal penalties for SAR disclosure violations

Undertakes other work-related duties as assigned by the Chief Financial Officer

Requirements

Education :

B.S. Degree in Finance, Economics, Accounting, Statistics or other relevant area, required.

Master's Degree in Business, Analytics or Finance preferred

CFA preferred

Additional certifications in risk management, financial modeling, data analytics preferred

Experience :

Eight to ten years of financial experience in financial services (bank or credit unions, preferred)

At least five years of experience working with Visual Basic (VBA), Python, or other coding languages

At least three years of experience utilizing portfolio and investment analytics tools, Bloomberg preferred

A proven track record of working with complex data environments and associated technology and analytics infrastructure needed to support the strategic initiatives of a complex financial institution

Demonstrated experience in financial planning & analysis (FP&A) and asset / liability and liquidity management (ALM) and ALM strategy development

Advanced skills in Microsoft Office products used for analysis, documentation and presentation delivery

Advanced understanding of PowerBI or other data analytics tool

Ability to proactively work independently and in a team

Excellent written, communication, organizational, and interpersonal skills

PowerBI experience, preferred

For internal purposes, this position is graded as Exec-16.

The anticipated annualized base salary range for this position is $155,000 to $207,000. Final base salary for this role will be based on the individual's job-related experience, skillset, training, certifications and market demands. The benefits available for this full-time position include but are not limited to : medical, dental, and vision insurance, 401(k) plan, life insurance coverage, disability benefits, tuition assistance program and paid time off, including paid parental leave benefits. In addition to base compensation salary, this role position is eligible for an annual incentive plan.

Salary : $155,000 - $207,000

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