U.S. Bank Business Line Chief Financial Officer in Minneapolis, Minnesota
At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country's most respected, innovative and successful financial institutions. U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.
Job DescriptionThe Business Line Chief Financial Officer (BL CFO) will be a key partner with the Vice Chair or business line head in setting the strategy and related financial strategy’s performance metrics. The BL CFO will work with the business line to ensure that financial performance against the strategy metrics and other financial goals are achieved. The position will also be accountable for corporate finance activities in multiple business units within the business line that will flow directly into the financial performance of the business.
The Role This leader is tasked with being the strategic finance lead for the business line to ensure it achieves the strategy and changing course when necessary. They will directly report to the U.S. Bank CFO with transparency into enterprise performance and objectives. They will act as a strategic advisor and primary contact to the business line Vice Chair, providing decision support aligned with business-specific, strategic objectives. This role is responsible for providing clear decision support including strategic and financial forecasting, performance and alignment to corporate and business line objectives.
Key Functions and Activities Long- and short-term strategic planning
Planning and forecasting
Aligning to corporate financial and strategic goals
Capital investment and mergers & acquisitions (M&A)
Key Responsibilities Ensure ongoing alignment of business line financials to multi-year strategic plan
Provide direction, strategic decisions, and leadership to pursue objectives
Act as a single finance point of contact for business line Vice Chair with clear decision rights and forecast/projection accountability
Decision making support on business-specific strategic objectives, such as performance analytics, capital investments, planning, and forecasting
Sustain and improve profitability, while plotting the direction of long-term growth via management of business line expenses and investment in alignment with business line strategy and corporate financial goals
Drive innovation and transformation by leveraging technology investments
Align with other BL CFOs to standardized strategic planning metrics and performance analytics
Actively ensure compliance with all US Bancorp policies and procedures such as Code of Ethics and all Anti-Money Laundering, Bank Secrecy Act, information security and suspicious activity reporting requirements, all financial policies and processes such as SOX
Commit to development of talent within the Finance team and the rest of the organization
Key Working Relationships Report to U.S. Bank Chief Financial Officer
Point of contact for business line Vice Chair
Supervises team in charge of business line strategic planning, forecasting, performance analytics, capital investment and M&A
Align with other BL CFOs
Engage with shared services finance for transactional activities
Basic Qualifications Bachelor’s degree in business, finance, accounting, or equivalent disciplines
15+ years of relevant experience in accounting and financial management practices
Preferred Qualifications Master’s degree and/or advanced professional certification/education in a related field (e.g. CFA, CPA, MA, MBA) or equivalent
Past experience as CFO or finance officer
At least 5 years of experience in a leadership senior management position within banking and financial sector
Exceptional leadership abilities and strategic management skills with considerable tact, diplomacy, and people skills
Strong personnel management skills to lead, coach, manage, motivate and develop high-performance teams
Benefits: Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.
Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visiting usbank.com/careers.
EEO is the Law Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal EEO is the Law poster.
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U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.