Chief Financial Officer (US) Chief Financial Officer (US) …

in Boston, MA, United States
Permanent, Full time
Last application, 21 Oct 20
in Boston, MA, United States
Permanent, Full time
Last application, 21 Oct 20
FNZ is a global FinTech the market leading provider of technology and administration services to major financial institutions in the platform and wealth management sectors across the globe. We partner with life companies, banks, asset managers and discretionary wealth managers to enable them to develop and distribute financial products and services to their customers across all major distribution channels.

FNZ has a strong blue-chip customer base including Standard Life, Axa Wealth, JP Morgan, HSBC, AMP, National Australia Bank, Bank of New Zealand, Friends Life, Quilter, UBS, Zurich Financial and Close Brothers Asset Management. It has helped these customers grow to over $500 billion of platform assets in aggregate. FNZ now employs over 2000 people with offices in Scotland, England, Nordics, Czech Republic, China, New Zealand & Australia.

Role Description

This is a newly created role and will enable the successful candidate to drive the strategy and growth of a newly formed U.S.  venture between State Street and FNZ.  This venture represents FNZ’s entry point into the U.S. marketplace which is a strategic long-term growth strategy for the firm.

The role provides financial, commercial and strategic support to FNZ State Street (US) with assistance to the FNZ Group as required.  The opportunity will suit an experienced and qualified CPA who has worked within a complex and regulated growth environment ideally managing finance functions for state regulated trust company.  With an appetite to succeed this person will be a successful individual who commands respect and delivers faultless execution.

The US CFO will lead Finance function in balancing its stewardship responsibilities (i.e. value protection) with provision to the business of useful business insights and commercial support (i.e. value enhancement).

Specific Role Responsibilities


  • Partner with the CEO, the Group CFO and the Board to create a long term (3 – 5 year) business plan to create wealth for the shareholders.
  • Ensure that the firm has the appropriate skills and resources in place to comply with local financial regulatory requirements and that its financial risks are assessed and managed appropriately.
  • Ensure the processes and controls are in place to ensure plans are executed including the creation and adherence to an annual budget.
  • Act as a bridge between the US Board, CEO and Finance (and other functions) to ensure finance strategy is communicated throughout the business.
  • Liaise with auditors, bankers, investors and other external finance facing functions.
  • Work across the following functions within financial management infrastructure: client billing, accounts receivable, accounts payable, general ledger, vendor and other bill payments, tax returns and payment processes, third party financial statement audit management
  • Ensure regular Board reporting is available including:
    • Management accounts;
    • Customer profitability analysis;
    • Working & regulatory capital management / cash flow forecasting.
  • Strong working knowledge of GAAP, accounting, and tax related matters


Assist the Group CFO in:

  • Driving “best practice” financial management across the business.
  • Management of the annual budgeting and rolling forecasting processes.
  • Implementation of measures designed to keep costs appropriately under control through effective cost center accountability.


Assist the Group CFO in:

  • Positioning the business for smooth transition,
  • Corporate finance related matters including debt capital raising, investor/lender relations, etc,
  • Developing the strategic plan(s)’ and
  • Ensuring the full scope, cost and benefits of key transformational initiatives are considered and understood.


  • Assist the Group CFO, CEO and Board to ensure there are appropriate controls throughout the sales and expenditure processes

Regulatory Capital Management:

  • Ensure the accurate reporting & monitoring of regulatory capital resources and pillar 1 capital requirement,
  • Responsibility for the company’s stress test, reverse stress test and wind-down calculations.
  • Assist the CRO as required in relation to production and maintenance of the Company’s ICAAP.
  • Responsible for the firms liquidity risk management in accordance to local regulations)
  • Ensure compliance with financial regulations and standards, such as Sarbanes-Oxley, the IRS Tax Code, and GAAP.

Performance Assessment

  • A business with long term growth success and sufficient profitability to provide shareholders with a fair return
  • A credible realistic 3-5 year business plan that can be shared with key stakeholders
  • Budgets are realistic and are achievable.
  • There are appropriate financial controls around the sales and expenditure processes
  • There is a strong control and compliance environment and there are no material breaches of local financial regulations
  • Strong partnership for overall advancement of the business with the board, CEO and executive management team.

Equal Opportunities

We are an Equal Employment Opportunity Employer that is committed to inclusion and diversity. We also take affirmative action to offer employment and advancement opportunities to all applicants, including minorities, women, protected Veterans, and individuals with disabilities. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected Veteran status or any other protected characteristic.

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