Financial Business Partner/ Senior Financial Business Partner

Company

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland’s mission is to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payment systems while representing the Fourth District perspectives.

As part of the nation’s central bank, we are a team of mission-driven professionals who are committed to serving with excellence. Our core values are: Build Trust Every Day, Own Our Actions, Collaborate with Intention, and Be Open to Change.

For twenty-six years in a row, we’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.

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As a more senior member of the Financial Planning and Analysis (FP&A) or Treasury Services Finance team, plays a key role in and may lead the building and managing of trusted relationships between Financial Management and the Bank’s business areas. May lead efforts to ensure that financial support and direction aids business areas in effectively managing their annual budgets. Contributes significantly to department, Bank, and System workgroups and committees and as well as local and Federal Reserve System-wide projects and initiatives.

Essential Accountabilities

• Works independently, with guidance only in the most complex situations, to make sound decisions.

• Exercises considerable latitude when determining the objectives of assignments. Work is generally reviewed for desired results.

• Identifies and may lead the development of solutions to complex problems. Solutions are imaginative, thorough, practical, and consistent with functional objectives and keep the customer in mind.

• Demonstrates an advanced level of knowledge of FP&A or Treasury Services Finance function operations, financial planning and analysis and accounting concepts and building effective financial business partner relationships as well as related controls and applies that knowledge through work products.

• Considered an expert in at least two business areas and has developed relationships with all assigned business areas that facilitate deep understanding of their business environment and strategic priorities.

• Responsible for more complex activities associated with financial planning and analysis and works directly with functional management.

• Performs financial analysis with key attention to detail, develops forecast recommendations, and provides proactive financial consultation to business areas, incorporating both top-down and bottoms-up approaches.

• Provides collaborative and consultative strategic financial planning to multiple stakeholders and business areas by building cross-functional relationships and aiding assigned business areas in planning and forecasting financial information. May lead aspects of the team’s efforts in this space.

• Effectively translates financial-related information, both orally and in writing, for a non-financial audience by bridging the gap between financial jargon and practical understanding. May lead aspects of the team’s communication efforts.

• Coordinates with staff across Financial Management to ensure business area financial-related challenges are proactively diagnosed and effectively addressed. May lead aspects of the team’s efforts in this space.

• Recognizes and identifies customer issues and common themes and recommends solutions or process improvement opportunities.

• Interprets and implements new/revised industry standards and System Finance standards.

• Develops training resources and delivers them to stakeholders.

• Contributes significantly to and may lead the development of new processes, standards, and operational plans at the Department-level.

• Seeks out opportunities to significantly contribute to projects/initiatives/workgroups in the department, Bank, and/or System Finance community.

• Performs other duties as assigned or requested.

Education and Experience

Financial Business Partner

• Bachelor’s Degree in Accounting, Finance, Business, Management Information Systems, or related field

• 5+ years of related experience

Financial Business Partner Senior

• Bachelor’s Degree in Accounting, Finance, Business, Management Information Systems, or related field

• 7+ years of related experience,

• Related certification, active participation in an industry organization, or advanced degree required

Knowledge and Skills Areas - Expert Level

• Business Operations / Business Acumen

• Project Management

• Financial Planning and Analysis

• Business Relationship Management

• Accounting and financial reporting

• Data Analysis

• Microsoft Office 365 application (Teams, Excel, PowerPoint, Word, etc.)

Skill Areas

• Action Oriented

• Collaborates

• Communicates Effectively (with influence)

• Customer Focus

• Ensures Accountability

• Values Differences

• Manages Complexity

• Critical Thinking and Judgement

• Relationship building

• Embraces changes and innovation

The expected starting salary range for the Financial Business Partner is between $81,600 and $112,200 annually and for the Senior Financial Business Partner is between $100,300 and $137,900 annually . Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and market data.

The Cleveland Fed offers benefits to support overall health and financial security. Learn more about our benefits here:

Citizenship requirements

In addition, all candidates must undergo an enhanced background check and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship.

Physical Demands and General Working Conditions

This is not necessarily an exhaustive list of all responsibilities, duties, standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, the Federal Reserve Bank of Cleveland reserves the right to revise this or any job description at any time.

Reasonable Accommodation Statement - The Federal Reserve Bank of Cleveland is committed to ensuring that individuals with disabilities are provided with reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. To request a reasonable accommodation for any part of the employment process, please send an email to clev.4d.benefits.specialist@clev.frb.org .

Bank’s Ethics Rules and Drug Testing :

As a condition of employment, Federal Reserve Bank of Cleveland employees must comply with the Bank’s ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning or controlling, directly or indirectly, any debt or equity interest in a depository institution or an affiliate of a depository institution. A "depository institution" means a bank, a trust company, or any institution that accepts deposits, including a bank chartered under the laws of a foreign country. In addition, employees (and their spouses/domestic partners, and minor children) may not own shares of mutual funds, unit investment trusts or ETFs that have a policy, as stated in the prospectus, of concentrating in the financial services industry and that have underlying investments in banks or other depository institutions. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting.

In addition, as a condition of employment, candidates must undergo a background check and will be tested for all controlled substances prohibited by federal law, to include marijuana, prior to hire and for certain safety sensitive positions during employment.

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Always verify and apply to jobs on Federal Reserve System Careers () or through verified Federal Reserve Bank social media channels

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Accounting/Finance Family Group

Work Shift

First (United States of America)

The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Always verify and apply to jobs on Federal Reserve System Careers ( ) or through verified Federal Reserve Bank social media channels.

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