Chief Financial Officer

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.

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 Trust Bank Internal Controls Steering Committee.
• Member of Washington Trust Bank Enterprise Risk Management Committee.
• Participates when requested in other committees or project work.
• Participates in Board meetings.

Required Qualifications:

• Progressively responsible professional and leadership experience in all facets of financial management in a financial institution setting.
• Bachelor's degree in Finance or related field. Master's degree preferred. CPA certification preferred.
• Knowledge of generally accepted accounting principles, income taxation and regulatory reporting to effectively oversee and direct the staff of the Finance Division.
• Knowledge of financial control systems and risk management to effectively oversee and direct the staff of the Finance Division and provide recommendations and input to senior leadership.
• Knowledge of asset/liability management to oversee and direct development and implementation of ALCO strategies and reporting to the Asset/Liability Committee.
• Knowledge of financial instruments and markets to oversee investments in securities and the development and implementation of investment strategies and provide recommendations to senior leadership.
• Regular, reliable in-person attendance is required.
• Perform compliance and risk management duties as required or assigned

Compensation:

Competitive executive compensation and benefits package, encompassing base salary, cash bonus, and deferred compensation options.

What Our Culture Can Offer You:

Our benefit philosophy is to provide you with a comprehensive package to secure your overall wellness and help you become and remain a fulfilled and productive employee. Our benefits include Health, Financial, Retirement and Work/Life Benefits. We are proud to share an overview of our benefits here as part of your total compensation.

Washington Trust Bank is an EEO employer and actively recruits talent to help reflect the unique communities where we live and work. We prohibit discrimination or harassment based on race, religion, sex, gender identity, sexual orientation, national origin, age, pregnancy, disability, genetic information and any other protected characteristics outlined by state, federal and local laws. We believe strength comes from the diverse backgrounds and experiences of our team.