Job Information
WASHINGTON TRUST BANK Chief Financial Officer in Spokane, Washington
Description The Chief Financial Officer serves as the lead financial executive and is responsible for Washington Trust Bank's and W.T.B. Financial Corporation's financial reporting and control systems, strategic financial planning, annual budgeting, and risk management and control systems. The CFO communicates and interprets financial performance to senior management, the Boards of Directors and external financial and investment markets. The CFO is responsible for maintaining the Bank's asset and liability mix to ensure strong, consistent earnings within risk management policies. Advises senior leadership on key strategic financial and risk matters. Position reports directly to the President. Bank Overview: Founded in 1902, Washington Trust Bank remains proudly independent. For more than 120 years, we have been focused on long-term client relationships. We dedicate our strengths as an independent regional bank to serving clients who understand the value of an established banking relationship and who seek tailored financial products and services. Our heritage and mission remain clear today: we will be the best at understanding and meeting the financial needs of our customers. Executive Chairman Peter Stanton is the fourth generation of his family to lead the Bank, growing from its small Spokane headquarters in 1902 to an $11B financial institution with 40 locations throughout Washington, Idaho and Oregon. We enjoy an advantage over our publicly traded competitors because we focus on long-term goals rather than quarterly results. We base our decisions on what is happening in our communities and what is right for our customers. We have never strayed from our commitment to client service, continuing to grow our commercial, private banking, wealth management, small business and consumer portfolios even in the most challenging macroeconomic environments. Our sound business practices, innovation, knowledge and expertise have seen us through both the best and the most difficult economic cycles. Washington Trust's longevity and success are a testament to our unwavering commitment to our clients and our employees. Essential Functions: Oversees internal and external financial, regulatory and tax reporting. Oversees and directs the development and implementation of financial policies for the Bank and the corporate group. Oversees and directs the design and implementation of systems for management reporting of financial performance. Oversees and directs financial analyses of products and business units; interprets and directs the use of such analyses for senior management. Integrates effective Internal Controls into all applicable work processes. Maintains a working knowledge of Internal Controls with particular attention to Key Controls. Is responsible for ensuring that updates to Internal Controls documentation are performed timely when there are changes in the risk parameters and/or work flow. Oversees the funds management and investment securities operations. Manages the Finance Division and ensures continuity of financial and control functions with selection, training and professional development of competent staff. Responsible for tangible and intangible assets assigned to the Finance Division. Functions as Treasurer of W.T.B. Financial Corp. in developing new sources of corporate funding, communicating with funding markets, and controlling financial risks. Prepares regulatory presentations with detailed financial analyses of business lines. Additional duties as directed by the Executive Chairman, President, or the Boards of Directors. Committee Membership: Member of Washington Trust Bank Retirement Benefits Committee. Chair of Washington Trust Bank Asset/Liability Committee. Member of Washington Trust Bank Executive Committee. Member of Washington Trust Bank Planning Committee. Member of Washington Tr