Chief Financial Officer at Devon Bank

Chicago, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

26 May, 26

Salary

225000.0

Posted On

25 Feb, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Strategy, Asset/Liability Management, Regulatory Compliance, Risk Management, Internal Controls, Financial Reporting, GAAP, Capital Structure, Liquidity Management, Budgeting, Forecasting, Financial Planning And Analysis, Audit Preparation, Team Leadership, Strategic Decision-Making, Regulatory Examination

Industry

Banking

Description

Description At Devon Bank, we don’t just accept diversity—we celebrate it, we support it, and we thrive on it for the benefit of our employees, our customers and our community. We provide a welcoming and accepting culture that comes from our desire to make diversity, respect and service a priority. Summary: The Chief Financial Officer (CFO) is responsible for overseeing the financial operations of the bank, ensuring compliance with all applicable regulations, and driving financial strategy to support the bank’s growth and stability. The CFO works closely with the CEO and other senior leaders to provide financial insight, guidance, and direction. Key Responsibilities Financial Strategy & Leadership: Develop and implement the financial strategy of the bank to ensure financial health, growth, and compliance. Monitor interest rate, credit, and portfolio risk status and set limitations as required for Asset/Liability management. Chair Alco Meetings Regulatory Compliance: Ensure all financial operations comply with federal, state, and local regulations, including the FDIC, OCC, and other banking regulatory requirements. Risk Management: Oversee risk management processes, including assessing financial risks and ensuring strong internal controls are in place to mitigate potential risks. Financial Reporting: Lead the preparation of accurate and timely financial reports, including balance sheets, income statements, and cash flow reports, ensuring adherence to accounting standards (GAAP). Capital & Asset Management: Oversee the bank’s capital structure and liquidity management, ensuring optimal allocation of resources to support growth while managing risk exposure. Budgeting & Forecasting: Direct the budgeting and forecasting processes, providing financial planning and analysis to support strategic decision-making. Collaboration: Work closely with other departments, including Operations, Treasury, and Compliance, to ensure seamless coordination across the bank. Audit & Examination Preparation: Lead the preparation for external audits and regulatory examinations, acting as the primary point of contact for auditors and regulators. Leadership: Build and lead a high-performing finance team, fostering a culture of excellence, continuous improvement, and compliance. Performs other duties as required. Requirements Bachelor’s degree in accounting, finance, or a related field (master’s degree or CPA preferred). Minimum of 10 years of experience in a senior financial leadership role, preferably within the banking or financial services industry. Deep knowledge of banking regulations, including FDIC, OCC, and other federal and state regulatory frameworks. Proven track record of overseeing financial operations, strategy development, and regulatory compliance within a financial institution. Pay Range and Benefits: Base pay of $190,000 to $225,000 depending on experience Life Insurance, short- and long-term disability fully paid by Devon Bank Medical, Dental, Vision and 401k with employer match EEO/AAP Statement Devon Bank is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. If you need assistance or an accommodation due to a disability, you may contact us at HRCommunications@devonbank.com or you may call us at (773)- 465-2500.

Responsibilities

The Chief Financial Officer oversees the bank's financial operations, ensuring regulatory compliance and driving financial strategy for growth and stability, while working closely with senior leadership to provide financial guidance. Key duties include developing financial strategy, monitoring risk, leading financial reporting, overseeing capital management, and directing budgeting and forecasting processes.