Director of Finance - FSO at Federal Reserve Bank of Boston (Boston, MA)
Federal Reserve Bank of Boston
As an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership. • \tHybrid: It is anticipated that you will work on a Hybrid basis under the Bank's \"Hybrid\" categorization of this role. You agree to work in the FRB Boston office and with a schedule agreed upon with your management team. While working from your home office, you agree to have the appropriate office set up to support your full engagement and protection of Federal Reserve information. It is expected that you reside within the First District and remain located within the district unless otherwise approved by your management and HR management.
The FSO is seeking an experienced finance director with strong analytic and relationship skills to support the FSO's leadership role in the Fed's financial planning and management disciplines. As a finance director, you will use your financial analysis skills and knowledge of budget and forecast principles to become an expert in the Fed's financials, identifying the impact of internal and external drivers on financial performance and guiding Fed leadership in understanding the current and long-range financial impact of decisions. You will also serve as a primary point of contact for Fed CFOs across the System, building strong relationships that allow for the stories behind the numbers to become clear. As a finance director on the FSO team, you will be expected to simplify the numbers and tell a narrative to accompany the data, giving unbiased analysis and multiple scenarios to senior leaders for use in decision making.
2 open positions for this role
As a finance director on the FSO FP&A team, you will:
- Develop deep business knowledge of supported areas and build relationships with finance teams by evaluating and fully understanding the needs of Reserve Banks and their respective businesses and national business lines.
- Conduct quantitative and qualitive analysis, which includes identifying trends, monitoring data and understanding drivers impacting performance through independent analysis, discussions with CFOs and internal collaboration with the broader FP&A team.
- Prepare reports and visualizations, providing recommendations in a simple but comprehensive manner, and presenting findings on consolidated System financials.
- Identify and evaluate emerging issues and trends across assigned Reserve Banks and/or business lines to inform the consolidated FRS financials.
- Build interconnectedness across System committees for spending and investment alignment.
- Lead on-going meetings with Reserve Banks and business lines by guiding agenda planning, the development and coordination of pre-work, break-out session facilitation and co-facilitation to drive outcomes and decisions and translate planning session outputs into action.
- Provide support to client groups on best practices and how to implement the necessary changes to address business needs. Anticipate leadership needs and serves as a key contributor in long-term solution discussions.
- Research industry practices, collect and analyze data, draw conclusions, and present results.
- Develop and mentor staff, building a speak-up culture that invites different views but can rally around an approach. Establish goals and performance metrics, emphasizing the importance of accuracy in the numbers, additive insight in the analytics, and simplicity in the storytelling.
- Direct the operational budget and forecast production calendar/timelines to ensure alignment with key FRS deadlines.
Other Responsibilities and Supervision:
- Perform other duties as assigned
- This position will eventually supervise 1-2 employees
Knowledge and experience:
Prior analytical experience is required including querying, cleaning, analyzing, and presenting data. Knowledge and experience normally acquired through, or equivalent to, the completion of a Bachelor's degree and a minimum 7 to 10 years of job-related experience.
Candidate must be curious, imaginative, creative, and resourceful. The FSO FP&A team works hard and values team-players who pitch in regardless of level, like to laugh and take pride in delivering high-quality, accurate and insightful products that make a difference.
Candidate must also possess:
- A strong understanding of finance and accounting, particularly with P&L statements, reporting variances/drivers, managerial, cost and project accounting, and cost/benefit and scenario analysis.
- The ability to lead or participate in special projects as assigned.
- Experience in team management and review of peer work.
- Experience in visual story telling with data, using tools such as Tableau, Microsoft Excel, and PowerPoint.
- An ability to work with different teams and drive to a desired outcome.
- Strong interpersonal and communication skills.
Successful candidates will also demonstrate:
- Sound business acumen and the ability to understand the cultural and strategic environment as well as articulate the business case for change.
- Strong problem solving and analytical skills with the ability to present insights in a clear, straightforward manner.
- Experience with Workday financials and Adaptive planning.
- The ability to uphold the FSO brand through consistent and positive stakeholder facilitation and engagement.
All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.
The Federal Reserve Bank of Boston is committed to a diverse and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
Full Time / Part Time
Regular / Temporary
Job Exempt (Yes / No)
First (United States of America)
The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.