JOB SUMMARY:

CFSB is a leading fintech-focused bank committed to maintaining the highest standards of corporate governance and ethics. We are dedicated to ensuring the integrity and reliability of our supply chain and third-party relationships. To achieve this, we are seeking a highly motivated and detail-oriented individual to join our team as an AVP Financial Due Diligence Review Manager.

As an AVP of Financial Due Diligence Review Manager, you will play a critical role in assessing the risk and compliance of our third parties by evaluating both their business operations and financial performance. This individual is responsible for assessing and managing the Bank’s third-party relationships to ensure their financial position, risk mitigate, etc., align with the Bank’s overall Strategic Plan and the Bank’s Risk Appetite Statement. In addition, this individual will undertake various activities including performing financial accounting due diligence on the Bank’s fourth-party vendors and third-party relationships, analyzing historical financial results, forecasting, generating financial statements and sensitivity analysis models, making recommendations, preparing presentations and reports for relevant committees.

Responsibilities:

• Conducting comprehensive financial due diligence reviews of the Bank’s existing or prospective third parties by identifying and evaluating financial risks through detailed analyses of financial statements and cash flows, benchmarking against industry standards, performing going concern assessments, and assessing third parties’ ability to repay annual debt service.
• Analyze detailed financial statements information including income statement, balance sheet, cash flow statement, key performance indicators, and operational data.
• Conduct in-depth financial analytics and synthesize information into actionable insights to facilitate discussions with the Bank Committee.
• Evaluating key financial metrics and accurately assigning risk ratings in accordance with the Bank’s financial risk assessment methodology.
• Manage collaboration with the Bank’s external stakeholders regarding any identified or escalated key financial issues, determining the need for more thorough investigation or additional information required.
• Manage collaboration with the Bank’s Third-Party Governance & Oversight team to develop third-party remediation plans and evaluate the status of remediation efforts for compliance.
• Collaborate with the Bank’s Third-Party Governance & Oversight team and manage ongoing monitoring of financial risks associated with third-party relationships. This includes timely identification of emerging financial risks to facilitate appropriate risk management, ensuring compliance to Third-Party agreements and minimize potential financial losses.
• Provide oversight of the financial positions of the Bank’s third-party relationships, including conducting annual reviews and preparing interim update memos for the Third-Party Oversight Committee, among other responsibilities.
• Report on the status of third-party due diligence reviews, identified conditions within third-party relationships and other relevant information to the Bank Committee.

Knowledge, Skills, and Abilities:

• Demonstrated expertise in financial statement analysis, identification of financial risks.
• Working knowledge of US GAAP, audit opinions and SEC reporting requirements.
• Strong understanding of accounting and financial processes.
• Advanced accounting, finance, financial modeling, and analytical abilities
• Familiarity with financial services industry risks and regulations.
• Familiarity interpreting financial auditors’ reports.
• Ability to present complex analysis with clarity.
• Proficient in Microsoft Office Suite (Word, Excel, PowerPoint) or related software.
• Capability to work independently and collaboratively in a team environment.
• Excellent verbal and written communication skills.
• Strong interpersonal skills.

Education, Training, and Experience:

• Bachelor’s Degree in Accounting, Finance, Economics, Business Administration, or related field
• Minimum of 7 years of demonstrated experience in financial audit, accounting, finance due diligence or finance
• Relevant Finance certifications (i.e., FRM, CPA, etc.)

Salary : $120,000 - $135,000 annual salary

Base salary range does not include performance-based bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience.

About Community Federal Savings Bank (CFSB)

Community Federal Savings Bank (CFSB) is a federally chartered bank founded in 2001 and headquartered in New York City. CFSB has focused on providing superior service and added value to clients though a solid understanding of relationship banking. We offer a full range of services, including loans, bill payments, card services, internet banking, and merchant processing.

We are an equal opportunity employer and do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, military and/or veteran status, or any other Federal or State legally-protected classes.