Chief Financial Officer, First Command Bank

How will this role impact First Command?

The Chief Financial Officer (CFO) of First Command Bank (FCB) is a strategic and operational finance leader responsible for safeguarding the financial well‑being of this $1 billion subsidiary of First Command Financial Services (FCFS). This role oversees financial performance, strategic planning, and regulatory compliance to support FCB’s short- and long-term objectives. The FCB CFO provides financial insights to senior management and the Board, ensuring capital adequacy, strong financial policies, and effective asset-liability management.

This position requires deep financial acumen, regulatory expertise, and collaborative leadership to effectively manage FCB’s Treasury, Accounting, and Forecasting & Analysis functions. Acting as a strategic partner to leadership and the Board, the FCB CFO will drive profitability, stability, and growth, aligning FCB’s financial goals with the broader objectives of FCFS.

• Oversee FCB’s financial health by analyzing earning asset and cost liability trends, performing market analysis, and proposing strategies to enhance profitability.
• Conduct in-depth profitability analysis on significant initiatives, focusing on maximizing non-interest income and minimizing non-interest expenses.
• Partner with FCB and FCFS leadership to develop short- and long-term operational strategies, aligning financial objectives with organizational goals.
• Ensure accurate and timely preparation of monthly, quarterly, and annual financial statements, regulatory filings (e.g., Call Report, FR G-4), and ad-hoc reports.
• Provide regular financial updates to senior management and the Board, evaluating data points to support informed decision-making.
• Maintain strong regulatory compliance, establish financial policies that align with regulatory requirements, and manage relationships with regulatory bodies.
• Maintain capital adequacy, ensuring FCB has sufficient resources to meet its growth and regulatory requirements.
• Manage and forecast FCB’s liquidity position, balancing adequate funding with an optimal earnings profile.
• Oversee FCB’s Interest Rate Risk (IRR) position, recommend pricing, product, and/or hedging strategies based on the current IRR position, and implement strategies to maintain alignment with management’s objectives.
• Lead the Treasury team in managing cash flow, funding sources, and IRR to ensure strong liquidity and profitability.
• In collaboration with FCB and FCFS leadership, identify investment opportunities to maximize risk-adjusted returns, considering liquidity risk and market conditions.
• Build and maintain relationships with the investment community, keeping informed of industry trends to optimize FCB’s investment strategies.
• Develop, implement, and maintain comprehensive financial controls and guidelines, ensuring robust internal control frameworks.
• Work with internal and external auditors to support audit requirements and continuous improvement initiatives in financial reporting and compliance.
• Ensure alignment of financial forecasts with business line assumptions and conduct peer analysis to stay current with industry trends.
• Conduct market and profitability analysis to support strategic decisions and identify opportunities for revenue growth.
• Oversee financial planning and forecasting processes, ensuring reasonable projections based on business line inputs.
• Establish and monitor financial policies within FCB’s Finance department, ensuring they meet policy requirements and regulatory obligations.
• Strong understanding of the financial needs and challenges of the military market to develop client-focused strategies that support financial readiness and security.

• Manage and develop the FCB Treasury, Accounting, and Forecasting & Analysis teams, fostering a collaborative, high-performance culture.
• Act as a mentor to FCB Finance team members, promoting skill development, accountability, and leadership growth.

Education

• Bachelor’s degree in Finance, Accounting, or related field; advanced degree, CFA, and/or CPA preferred.

Work Experience

• 15+ years of…