Chief Financial Officer

Role: Chief Financial Officer

Location: Remote, NYC area preferredSalary: $275,000 - $350,000 base plus bonus, equityRole: Our client is a growth stage, OCC chartered national bank headquartered in New York, building a trust and fiduciary business alongside its core banking platform.

With a new CEO and Chief Trust Officer joining, the bank is completing its executive team ahead of its next phase of growth. The Chief Financial Officer owns finance, accounting, treasury, capital and regulatory reporting for the bank and its trust business, reporting to the CEO and serving as a key partner to the Board and the OCC. This is a hands on leadership role: running the numbers and the filings directly today, while building the finance function and team as the balance sheet and assets under administration grow.New York, NY based, onsite/hybrid.

Responsibilities

Own the bank’s financial strategy, budgeting, forecasting and capital planning, presenting results and plans to the CEO, Board and Audit Committee.Own accounting and financial reporting for the bank and its trust business, including the monthly close, GAAP financial statements and entity level controls.Own regulatory reporting, including the FFIEC Call Report, and ensure accuracy and timeliness of all filings to the OCC and FDIC.Own fiduciary and trust accounting oversight, including trust fee revenue, assets under administration reporting and reconciliation of client and custody records.Manage treasury, liquidity and interest rate risk (ALM), including contingency funding planning, investment portfolio oversight and ALCO.Maintain capital adequacy and monitor capital ratios against OCC minimums and any conditions of the bank’s charter or operating agreement.Oversee CECL and allowance methodology, tax compliance, and relationships with external auditors and accounting firms.Serve as a primary point of contact for OCC examiners on financial condition, capital, liquidity and earnings, and lead finance through exams and audits.Build, document and staff the finance function, including controllership, reporting and treasury, hiring and leading the team as the bank scales.

Requirements

12+ years of progressively senior finance experience at a regulated bank or trust company, including time as a CFO.Trust banking experience strongly preferred: CFO, Deputy CFO or Controller of a national trust bank, trust company or the trust/fiduciary entity of a larger bank.Alternatively, a senior Controller or Chief Accounting Officer at a well regarded bank ready to step into the CFO seat.OCC experience strongly preferred; national bank regulatory exposure (OCC, Federal Reserve or FDIC) required.Hands on ownership of the Call Report, capital adequacy, liquidity and ALM required.Experience presenting to a Board and Audit Committee and leading finance through regulatory examinations.De novo, growth stage or build out experience a plus; digital asset custody or fintech exposure a plus.CPA strongly preferred; CFA or equivalent a plus.Credible and confident representing the bank’s financial condition to the OCC, the Board, auditors and investors.