Finance Manager at Federal Reserve Bank (FRB) in San Francisco, California

Job Description:

Company

Federal Reserve Bank of San Francisco

Federal Reserve Financial Services (FRFS) delivers a suite of payments services to financial institutions via FedLine® Solutions, Fedwire®, National Settlement Service (NSS), FedCash®, FedACH® (Automated Clearing House), Check Services, and the FedNow® Service. In 2020, we undertook a strategic effort to transform FRFS from a product and support office framework to a national, enterprise-focused organization. The enterprise structure integrated the prior retail, wholesale, cash, and customer relations product and support offices into a new organization, which was further joined by the FedNow team in early 2024. Our North Star strategy, with the new structure, is to offer a fully integrated product suite that provides speed, resilience, and choice in meeting the payments needs of financial institutions across the United States. Through our evolved structure, we will meet the needs of the marketplace for new products and services more quickly, seek to provide a more robust and unified customer experience across our financial service offerings, and create new career growth opportunities for FRFS staff.

We are seeking leaders to set the vision, strategy, values, and priorities that enable FRFS to achieve its mission. Our leaders must demonstrate a strategic, action-oriented mindset focused on intellectual curiosity, agility, accountability, and the ability to drive innovation through experimentation. To achieve our vision for a people-focused organization with a strong collaborative and innovative culture, we expect our leaders to champion an inclusive environment and demonstrate our values in how we work and interact with each other and our broader community.

THE TEAM & THE ROLE

The Enterprise Services group within FRFS is seeking a Finance Manager to lead the Portfolio & IT Finance team. Enterprise Services provides critical business functions for the FRFS organization, including Strategic and Financial planning, Risk and Compliance, Vendor Management, Legal counsel, Enterprise Support, Employee Experience, and Diversity, Equity, and Inclusion (DE&I).

The Finance Manager will lead the Portfolio & IT Finance team and oversee a team of analysts with responsibility for budgeting, financial reporting, strategic alignment and progressing the continued evolution of FRFS’ agile transformation in a complex and fast paced environment.

Job Responsibilities:

• Provides senior management with financial analyses for timely and effective decision making




• Provides data for and/or assists in establishing major financial objectives and policies for FRFS Finance in partnership with other areas of the Enterprise




• Prepares/Reviews reports that outline the FRFS' financial position in areas of application development (e.g. contra and capital)




• Prepares/Reviews reports that outline FRFS’ major programs’ financial position in areas of application development and provides thought leadership on program management processes (e.g. workforce planning and change control)




• Manages key internal relationship to progress the Finance strategic partnership model with different areas of the Enterprise




• Manages key external relationships to influence process improvement and standardization across the Federal Reserve System




• Upskill the Finance team to be better versed in agile frameworks and FinOps and support FRFS Technology in their continued agile transformation

Requirements:

• Must be a US Citizen or Green Card holder with the intent to become a US Citizen




• An undergraduate degree in Business Administration, Finance, Economics, Accounting or other related field




• Typically, 7+ years of relevant work experience in financial management/planning and accounting; 5+ years of experience managing/leading teams as a formal people leader or a scrum master with preference to have experienced both




• Fundamental executive strategic thinking and ability to communicate complex concepts to senior leaders to inform decision making and advocate for change




• Fundamental ability to develop a team of analysts with diverse skillsets and differing levels of experience; the ability to identify opportunities to empower the team and provide them ways to control and direct their work




• Advanced interpersonal and consensus-building skills and ability to build trusting relationships within the FRFS and with external stakeholders with individuals at varying levels of the organization including senior leadership




• Expertise in Excel, and Microsoft Office suite applications as well as Tableau



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  Effective behavioral proficiencies, including, but not limited to:

  
  
  
  

  • Leadership – provides direction for advancing the team’s expectations, goals, and collective purpose; ability to influence positive outcomes with a diverse stakeholder group

  
  

  • Collaboration – demonstrates a dedication to achieving Enterprise goals and connecting the team purpose to the organizational priorities

  
  

  • Innovation – builds flexible approaches and proposes and implements effective solutions for challenges and/or opportunities

  
  

  • Accountability – frequently reviews financial position against budget metrics and milestones and proactively guides the organization 

  
  

  • Development – continuously identifies areas for development for the team and fosters a culture of continuous improvement

  
  
  
  

Preferred Qualifications:

• Preference will be given to candidates that are local to or willing to relocate to SF or LA.

• Preference for experience both as a formal manager and experience as a scrum master.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Accounting/Finance

Work Shift

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.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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