Company

Federal Reserve Bank of ClevelandThe Federal Reserve Bank of Cleveland is part of the nation’s central bank and we’ve provided many opportunities for professional growth during our history.

For twenty-five years in a row, we’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.

Our People Make the Difference! The Federal Reserve Bank of Cleveland is seeking innovative thinkers with vision to build the framework that will carry the Bank into the future.

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Senior Manager, Financial Planning and Analysis

Organizational Expectations:

The Federal Reserve Bank of Cleveland’s Financial Management Department has a terrific leadership opportunity to direct and manage day-to-day operations of the Financial Planning and Analysis function and its staff. In this role you will work closely with the rest of the Financial Management Leadership Team to design and implement the annual budget and investment planning process for the Bank and will have primary responsibility for ensuring alignment of the Bank’s financial plan with the strategic initiatives of the Bank and Federal Reserve System. You will also serve as an active talent champion, coach and mentor with responsibility for training and developing a team of financial analysts to effectively support and partner with the Bank’s business lines.

General Responsibilities:

Lead the Team

• Direct and manage the daily operations of the Financial Planning and Analysis function and its team of individual contributors and provide oversight of the Treasury Finance function.

• Demonstrate a broad knowledge of financial planning and analysis, budgeting and forecasting, and financial insights.

• Maintain a strong compliance and internal control environment and proactively work to strengthen internal controls.

• Establish team culture of innovation and growth, execution, and focus on the customer.

Managing People

• Actively participate in all components of the team’s staffing including selection, training, development, personnel administration, and succession planning.

• Provide functional and technical advice, training, and oversight to and review work of individual contributors.

• Demonstrate successful leadership of high-performing teams.

• Develop a talented team that demonstrates the ability to provide effective financial communication and think beyond the day-to-day to deliver impactful business line support.

• Foster an environment that rewards, recognizes, and implements innovative ideas that positively impact performance for the Bank and Financial Management.

Innovation and Continuous Learning

• Influence and provide direction for enhancements in financial planning and analysis-related methodologies, department processes and procedures, and other strategic initiatives.

• Leverage knowledge and expertise of industry, emerging trends, and Bank developments to actively participate in developing the Financial Management strategic plan.

Bank and System Leadership & Support

• Provide ongoing communications to Bank and FRS leadership, senior officers, and others regarding budget and forecast performance, financial insights, and other financial management-related issues.

• Turn complex budget analysis into a narrative that is easily understood by varying audiences and stakeholders.

• Work collaboratively with Bank leaders and business areas to ensure financial plans are aligned with business priorities and strategic initiatives.

• Meet business line and leadership needs for understanding their expenses and managing their forecast.

• May participate in Bank and FRS projects, initiatives, or workgroups.

• Performs other duties as assigned or requested.

Education and Experience:

• Bachelor’s degree with a minimum of 10 years of diverse professional work experience which may include 5+ years of supervisory responsibilities, or

• Master’s degree with a minimum of 7 years of diverse professional work experience which may include 3+ years of supervisory responsibilities.

• Related industry certification, advanced degree, or active participation in an industry organization and/or Certified Public Accountant (CPA) considered a plus.

Knowledge and Skills:

• Financial Planning and Analysis and Accounting Acumen

• Business Operations / Business Acumen

• Coaching / Leadership / Development

• Project Management

• Governance, Risk, and Control

• Data Analysis

• Microsoft Office 365 application (Teams, Excel, PowerPoint, Word, etc.)

• Action Oriented

• Collaborates and Communicates Effectively (with influence)

• Customer Focus

• Ensures Accountability

• Values Differences

• Builds Effective Teams

• Drives Results

• Manages Complexity

• Critical Thinking and Judgement

• Relationship Building

• Embraces Changes and Innovation

• Strategic Thinking

Physical Demands and General Working Conditions

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, the Federal Reserve Bank of Cleveland reserves the right to revise this or any job description at any time.

Bank’s Ethics Rules and Drug Testing:

As a condition of employment, Federal Reserve Bank of Cleveland employees must comply with the Bank’s ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning or controlling, directly or indirectly, any debt or equity interest in a depository institution or an affiliate of a depository institution. A "depository institution" means a bank, a trust company, or any institution that accepts deposits, including a bank chartered under the laws of a foreign country. In addition, employees (and their spouses/domestic partners, and minor children) may not own shares of mutual funds, unit investment trusts or ETFs that have a policy, as stated in the prospectus, of concentrating in the financial services industry and that have underlying investments in banks or other depository institutions. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting.

In addition, as a condition of employment, candidates must undergo a background check and will be tested for all controlled substances prohibited by federal law, to include marijuana, prior to hire and for certain safety sensitive positions during employment.

​Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels

Reasonable Accommodation Statement - The Federal Reserve Bank of Cleveland is committed to ensuring that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. To request a reasonable accommodation for any part of the employment process, please send an email to clev.4d.benefits.specialist@clev.frb.org.

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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