SVP Chief Financial Officer - GM Financial Bank Job at GMAC Financial Services, Salt Lake City, UT

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  • GMAC Financial Services
  • Salt Lake City, UT

Job Description

SVP Chief Financial Officer - ILC

GM Financial Bank is a newly formed bank. Team members joining now will play a pivotal role in shaping the bank, which will offer auto finance and deposit products. Joining GM Financial Bank means an opportunity to help build a customer-focused bank from the ground up.

Responsibilities

The SVP Chief Financial Officer - ILC will be responsible for managing all finances and fiscal operations of the Bank, including its compliance with General Accepted Accounting Principles ("GAAP") and related regulatory requirements but excluding Treasury. In this role, you will:

  • Accounting including overseeing preparation of GAAP financial statements, ensuring the accuracy and integrity of regulatory financial reporting and overseeing Call Report preparation and other regulatory filings.
  • Financial Planning & Analysis (FP&A) including leading annual budgeting and multi-year financial planning and developing profitability analysis.
  • Capital Management including monitoring regulatory capital ratios, leading capital planning and capital adequacy analysis and developing capital contingency plans.
  • Investment Portfolio Management including managing the bank's investment securities.
  • Management & Board Reporting including providing monthly financial reporting to executive management and the board of directors.
  • Cost Management including overseeing expense management framework.
  • Tax Management including tax planning and compliance.
  • Vendor Management & Third-Party Risk Management including overseeing the Bank's programs for each and ensuring appropriate service level agreements (SLAs), performance metrics, and financial controls.
Qualifications

What makes you a dream candidate?

  • Advanced knowledge of the local, State and Federal law affecting the Bank.
  • Advanced knowledge of financial and accounting matters affecting the Bank.
  • Advanced knowledge of management processes such as planning, budgeting and financial analysis.
  • Ability to interact with and influence with regulators while driving the ILC process.
  • Ability to effectively translate the above knowledge into feasible strategies, policies and processes and to implement them with positive impact on corporate goals and objectives.
  • Ability to read, analyze and interpret complex financial reports and regulatory documents.
  • Strong decision-making skills with ability to respond quickly and accurately as issues arise.
  • Ability to deal effectively and tactfully with corporate personnel, customers, contractors, consulting attorneys, court officials, regulatory agencies and the general public.
  • Strong, effective and persuasive oral and written communications skills at all levels of management.
  • Ability to select, lead, evaluate and develop employees.
  • Highly developed leadership and interpersonal skills.
  • Excellent planning, organizational and time management skills.

Experience:

  • CPA preferred
  • Normal office environment
  • Greater than 10 years progressively responsible financial, legal or other relevant executive experience in regional banking or an ILC required
  • Greater than 10 years corporate management experience required
  • Bachelor's degree in finance, accounting or related field required
  • Master's Degree Preferred

Job Tags

For contractors, Work at office, Local area

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