A well-respected Financial Technology Organization is in the process of forming a new ILC bank and is actively seeking a Chief Financial Officer “CFO” for the bank to sit in either UT or NV.
What You’ll Do
- Chair the ALCO;
- Manage the Bank’s finances to support the achievement of its business objectives and adhere to the board’s risk appetite and applicable legal and regulatory requirements;
- Understand, monitor, and report on the Bank’s financial risks, including through analysis and consideration of changes in the Bank’s operating environment and potential sources of idiosyncratic and macroeconomic stress;
- Establish risk limits, within the board’s risk appetite, to address liquidity risk, interest rate, and other types of market risk;
- Manage and direct all accounting, regulatory reporting, investment, asset‑liability management, budgeting, and forecasting activities;
- Maintain and ensure the integrity of the Bank’s books and records;
- Monitor financial performance metrics, including income and expense, budget variance analysis, asset mix and quality, funding requirements, liquidity, capital levels, and other key ratios;
- Interpret financial results and formulate financial strategies to achieve operating objectives;
- Prepare monthly financial packages for the board;
- Work with the operating divisions in setting product rates and terms;
- Review and approve major capital expenditure requests; and
- Respond to finance‑related questions from regulatory authorities, auditors, and other stakeholders; and
- Manage employees essential to the Bank’s financial operations.
What We Look For
Bachelor’s degree in Accounting, Finance, Economics, or a related field; advanced degree (MBA, Master’s in Finance, or similar) or professional certification (CPA, CFA) strongly preferred.15-20 years of progressive experience in finance or accounting, with at least 7 years in a senior leadership role within a regulated financial institution (bank, ILC, or similar).
Deep knowledge of banking regulations, regulatory reporting requirements, and risk management practices applicable to financial institutions.Proven experience overseeing accounting, financial reporting, investment management, budgeting, forecasting, and asset‑liability management functions.Strong background in liquidity and capital management, financial performance monitoring, and balance sheet optimization.Demonstrated ability to interpret complex financial results and translate them into actionable strategies aligned with organizational objectives.Experience engaging with boards of directors, regulators, auditors, and executive leadership teams with credibility and clarity.Ability to collaborate effectively with parent company or partner entities in shared services and cross‑functional environments.This position requires an Interagency Biological and Financial Background CheckWhy this role is unique :
Impact at scale : Holding Company has served 7M+ customers, originating $40B+ in credit, with over $10B added annually.Consumer‑first mission : You’ll help design products that are fundamentally good for consumers and expand access to affordable credit.Growth trajectory : The Holding Company is well‑capitalized, growing fast, and preparing for an IPO within a couple of years—offering significant wealth‑building potential through equity.Proven leadership team : Organization executives have a track record of building and taking companies public.Rare opening : This ILC leadership position is a unique chance to step into a newly created executive seat.How to apply :
Please forward your resume to Info@ShanleySearch.com using reference ID DeNovoCFO#J-18808-Ljbffr