WEX Bank CFO

WEX Bank is a leading provider of financial solutions and payment services. We are committed to providing our customers with exceptional service while maintaining the highest standards of compliance and ethical conduct.

WEX Bank is seeking a highly experienced and strategic Chief Financial Officer (CFO) to lead its financial operations. The CFO will be responsible for ensuring the financial strength of the bank, optimizing financial teams and processes, and driving strategic initiatives to achieve success in a regulated industrial banking environment. This role requires a deep understanding of banking regulations, capital management, liquidity, investment portfolios, and financial reporting.

• Funding & Liquidity Management: Develop and implement strategies for adequate, cost-effective, and diversified funding sources to maintain optimal funding and liquidity levels, meeting both operational and regulatory requirements. This includes maintaining optimal Liquidity Levels.

• Capital Management: Oversee the maintenance and management of regulatory capital levels to ensure the bank remains well-capitalized, while also facilitating consistent and maximum cash flow to WEX Inc. This includes achieving and maintaining target Capital Ratios.

• Investment Portfolio Management: Lead the management of the bank's investment portfolio to maximize returns, minimize realized credit losses, and efficiently manage capital consumption. This includes maximizing Investment Portfolio Returns and actively participating in the Investment Committee and other critical Bank Committees.

• Regulatory Compliance (Reg W): Ensure strict compliance with Reg W and other relevant banking regulations. This includes ensuring market terms pricing acceptable to regulators for intercompany transactions and overseeing all aspects of compliance, including SLA reporting.

• Financial Reporting & Oversight: Direct all aspects of financial reporting, including monthly financial statements, board reporting, regulatory reporting (such as Call Reports), and ad-hoc financial analysis. Provide oversight of accounting functions performed on behalf of WEX Bank at WEX Inc.

• Strategic Planning & Financial Management: Contribute to the bank's strategic planning process, providing financial expertise and insights to inform decision-making and drive long-term growth and stability. This includes optimizing and managing the balance sheet, leading forecasting and budgeting processes, driving strategic financial planning initiatives, driving overall Bank Profitability, and managing Operating Expense (OPEX) effectively.

• Leadership: Effectively lead, mentor, and manage a team, fostering their professional growth and ensuring team success.

• Additional duties, as assigned.

Experience you'll bring:

• Minimum of 15 years of progressive experience in financial leadership roles within an industrial bank or a closely related financial institution.

• Minimum of 5-10 years of experience in leading a team.

• Ability to effectively lead and motivate diverse teams.

• Proven experience managing balance sheets, investment portfolios, and capital for a regulated financial entity.

• Demonstrated expertise in navigating complex regulatory environments, particularly with Reg W compliance.

• Extensive experience with financial reporting, including Call Reports and other regulatory submissions.

• Prior experience with strategic financial planning, forecasting, and budgeting in a banking context.

• Public company reporting (SEC reporting including 10-K, 10-Q, etc.

• Strong regulatory and compliance knowledge, with the ability to interpret and apply complex banking regulations.

• Ability to build and maintain strong relationships with external funding sources, correspondent banks, brokers, investment managers, external auditors and examiners.

• Demonstrated partnership, collaboration, and visibility across WEX Inc., working effectively with various stakeholders.

• Strong functional expertise in key financial areas, including accounting, treasury, capital management, investing, and Reg W compliance.

• Big-picture thinking and creative problem-solving abilities, with a capacity to develop innovative financial solutions.

• A strong risk management mindset, prioritizing the protection of the bank charter and adherence to risk and compliance standards.

• Certified Public Accountant is preferred.

Key Leadership Behaviors:

• Embodying WEX Leadership Behaviors, including Building Bridges to Win, Inspiring High Standards while Showing we Care, and Shaping our Markets and Adapting to Rapid Change.

• Promoting a culture of collaboration, ownership, results, execution, and accountability, while displaying essential communication skills, trust, empathy, and active listening.

Key External Stakeholders:

• FDIC/UDFI and other regulatory bodies

• WEX Inc. Shareholders