Board of Governors of the Federal Reserve System Visa Sponsorship USA

Associate Director – Financial Planning & Analysis

Summary

Reporting to the deputy director, the associate director supports the Board by overseeing the Board’s financial planning and analysis function which includes budget development, analysis, reporting, and forecasting, as well as supporting reporting on the Board’s strategic objectives. The incumbent is responsible for providing direction and coordination of the Financial Planning & Analysis function to drive effective, efficient, value-added operations with respect to the Board’s financial resources. The incumbent operates as a forward-thinking professional who can translate organizational objectives into sound financial strategies while ensuring optimal resource allocation and financial sustainability.

This position is located in Washington, DC.

Principal Duties and Responsibilities:

In support of the Chief Financial Officer, the incumbent uses subject matter expertise to lead the Board’s annual budget process and works closely with the Chief Operating Officer and senior leaders within divisions to set appropriate guidance and budgets that support strategic goals and demonstrate financial stewardship.

• Oversees the periodic financial forecasting process, analyzing trends and drivers, delivering effective financial reports, and recommendations for remediation plans if necessary.
• Leads efforts to effectuate the efficient use of resources, identifying savings and cost reduction opportunities, and ensuring effective resource alignment in support of the Board’s mission. Ensures the division's high standards of customer service, internal controls, and risk management are achieved and maintained. Remains aware of changes to the operating environment, including key rules, regulations, and policies, as well as economic, political and social trends (both internal and external) that affect the organization and Board functions.
• Ensures the continuity of operations (COOP) planning for the division and specific functions and plays key role in preparing for and restoring operations to create a contingency plan.
• Supports and sustains an organizational culture of integrity and high ethical values. Supports staff engagement and a working environment that is conducive to staff and enables the highest quality of service.
• Leads key stakeholders on all aspects of strategic and financial planning, encouraging innovative approaches, and delivering value and effective outcomes.
• Serves as a member of the division’s officer team to develop and execute strategic division priorities and seeks to improve the development and well-being of the division’s staff. Anticipates and provides appropriate coaching, training, and guidance to staff and managers.

Minimum Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• 12 years of demonstrated experience leading enterprise-wide budgeting and/or financial planning and analysis function in a large, complex organization.

Minimum Education:

Bachelor's degree or equivalent experience

Minimum Management Years of Experience:

7

Knowledge, Skills and Abilities:

- Strategic thinker with demonstrated strong project execution and project management capabilities, analytical skills, political savvy, and conflict mediation skills.
- Demonstrated experience and commitment to fostering collaboration and employee engagement.
- Ability to lead and manage staff and projects effectively, set priorities, assess performance, guide staff development and make budgetary recommendations.
- Ability to balance competing interests among a variety of stakeholders and readily readjust priorities to respond to pressing and changing stakeholder demands. Must be able to anticipate and meet the stakeholders’ needs while maintaining high-quality end products.
- Exceptional organization savvy and agility as demonstrated by ability to manage across organizational boundaries, building high performing teams, diminishing organizational silos, strengthening teams, and facilitating effective group and team dynamics.
- Requires the ability to communicate effectively, both orally and in writing, with all levels of staff and management.

Stakeholder Contacts:

- Has regular contact with all staff in the function(s) to stay connected to the pulse of the division, provide leadership, and act as a role model.
- Has frequent contact with senior staff and other professionals in the division, elsewhere at the Board, and the Reserve Banks regarding matters pertaining to area(s) of responsibility.
- Has frequent contact with members of the Board, both in discussions and through memoranda, regarding matters pertaining to area(s) of responsibility.
- Has frequent contact with individuals from other federal agencies, international organizations, and in the private sector regarding the subject matters in area(s) of responsibilities.

Board Competencies:

- Decision Quality: Makes timely, thoughtful, strategic decisions
- Learning Agility: Takes responsibility for building organizational agility
- Drive for Excellence: Delivers results by developing shared vision and direction for the organization
- Perspective and Strategic Agility: Leads and acts with the future in mind
- Collaborative Relationships: Sets the tone for collaborative organization
- Effective Communication: Effectively speaks and acts on behalf of the Board

Officer and Internal Management Responsibilities:

- Acts as responsible steward to the function(s), Division, and Board by demonstrating proficiency in the Board’s espoused competencies.
- Balances and mitigates key organizational and functional risks where appropriate, and develops and executes sustainable risk mitigation strategies.
- Fosters a continuous learning culture.
- Exercises appropriate judgment and decision-making in complex situations.
- Demonstrates innovation and thought leadership relevant to future-state organizational and functional people strategies.
- Demonstrates strong leadership and management skills aligned to the Board’s espoused values.
- Keeps skills and knowledge current and aligned to best practices relative to key rules, regulations, and policies, as well as economic, political, and social trends that affect the organization. Understands near-term and long-term needs for the organization and determines how operations should be positioned to meet such needs.
- Demonstrates proficiency in political savvy, organizational savvy, and interpersonal communication skills.
- Provides guidance, coaching, and feedback to, and conducts performance reviews for managers and other direct reports, and ensures same is provided to all function staff.
- Responsible for accomplishing approved program objectives for area(s) of responsibility within the financial and personnel resources allocated by the Board and the division's senior management.
- Participates in the development of the division’s strategic plan, goals, and budget. Recommends program objectives and their priorities for area(s) of responsibility.
- Recommends personnel actions involving promotions, reclassifications, merit increases, and reassignments or separations in area(s) of responsibility.

Position Demands:

- Ability to exercise independent and sound judgment in establishing objectives for assigned area(s) of responsibility that provide support and services for the divisions and Board’s missions.
- Ability to translate customer service and organizational development theories and best practices into effective strategies for adoption in area(s) of responsibility to achieve and maintain high levels of customer service.
- Ability to communicate effectively, both orally and in writing, to the Board and individual members thereof, senior Board staff, other Board and Reserve Bank staff: and staff at other government agencies and in the private sector on complex and technical matters.
- Ability to be an effective spokesperson and advocate for the Board and the division in outside contacts, which may involve significant business dealings.
- Ability to operate under pressure to meet deadlines accurately and in a timely manner.

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment on the basis of race, color, religion, sex, pregnancy, national origin, age, disability, genetic information, or application, membership, or service in the uniformed services.