| Job Information |
CHIEF OPERATIONS OFFICER
JOB SUMMARY:
As a member of the Senior Management Team to work directly with President and CEO, and the Board of Directors, to directs the Bank’s financial planning, accounting practices, information systems, bank securities and premises, bank secrecy act and compliance. Oversees BSA/AML Officer, CFO, CRO and Senior Information Officer. Other duties will ideally include membership of Enterprise Risk Committee, ALCO, IRR, Investment Committee, IT Steering Committee etc. Additional support duties include participation in team projects.
Preferred Contract Term: 3 years minimum with intent to renew, renegotiate or offer advancement.
ESSENTIAL FUNCTIONS:
• Oversees and directs treasury, budgeting, tax, accounting, purchasing, real estate, long range forecasting, regulatory reporting and insurance activities for the Bank.
• Directs the CFO in providing and directing procedures and computer application systems necessary to maintain proper records and to afford adequate accounting controls and services of the Bank.
• Serves as the treasurer of the Bank in activities such as custodian of funds, securities, and assets of the organization.
• Appraises the Bank’s financial position and issues periodic reports on the Bank’s financial stability, liquidity, and growth including the quarterly call report to the FDIC.
• Directs and coordinates the budget programs.
• Coordinates tax reporting programs and investor relations activities.
• Analyzes, consolidates, and directs all cost accounting procedures together with other statistical and routine reports.
• Oversees and directs the preparation and issuance of the Bank’s annual report.
• Directs and analyzes studies of general economic, business, and financial conditions and their impact on the Bank’s policies and operations.
• Analyzes operational issues affecting functional groups and the Bank as a whole, and determines their financial impact.
• Establishes and maintains contacts with stockholders, financial institutions, the investment community, and regulators.
• Coordinates preparation of the annual financial statement, the audit, regulatory exams.
• Oversees BSA/AML Officer, CFO, CRO and Senior Information Officer
• Other duties may be assigned
QUALIFICATIONS:
Master’s degree (M. A.) or equivalent; or ten to fifteen years related experience and/or training; or equivalent combination of education and experience.
• Must be effective in training and mentoring staff and exhibit a team-oriented attitude.
• Compliance background and has worked in an FDIC regulated Bank would be helpful.
• Proven operational quality control skills – and must think strategically and collegially.
• Knowledge of banking and the Microsoft Office suite of products is required.
• Leadership and sufficient people skills to manage a team and work with others.
• Verbal and written communication skills.
• Analytical and organizational skills
• Willingness to undertake work travel
• Cultural understanding and flexibility
SALARY Range: USD$60,000.00 – USD$80,000.00, depending upon skill sets, plus other benefits: Housing, fully maintained Car, utilities, 4-5 weeks annual vacation, annual home leave travel allowance, paid medical, life insurance benefits, Senior Officers Annual Bonus and other seasonal benefits etc. Modest tax rates apply in FSM and any candidate should make suitable enquiries regarding net impact to his/her home country tax situation (if applicable)
Interested candidate may contact information above or email below for detailed information.
Interested candidates should send applications to or enquire from:
PROFILE:
Our client is a full service community bank with approximately $158M assets, $51M loan book, sizeable US Investment Portfolio and 98 staff spread over an extensive region in the North Pacific spanning some 2500 miles.
Our client is the only non-US bank in the world (incorporated and registered outside the US and its Territories) whose deposits insured by Federal Deposit Insurance Corporation (FDIC). They have a branch in each of the four Federated States of Micronesia (FSM) States (Kosrae, Pohnpei, Chuuk and Yap) a limited service office in Honolulu, Hawaii and a Loan Production Office in Saipan (Commonwealth of Northern Mariana Islands). The Corporate Office is located in Pohnpei.
This is an exciting opportunity to join a small proven and successful banking operation in a remote part of the Pacific. Our banking operations premised very much around US style banking suite of products and services, but banking model is unique to this part of the world. Bank has developed its own brand of lending, packages, banking service and interaction that has driven it to good success in recent years. Bank is now looking for a team player, to take the work of recent years and build it to new levels
Bank ownership is widely spread amongst 5000 odd shareholders but majority ownership rests with our client and State Governments, and/or quasi-government entities within Micronesia.
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