VP, Digital Banking Performance Management
COMPANY DESCRIPTION: Forbright is a nationwide full-service bank and lender helping accelerate the transition to a sustainable and low-carbon economy. Headquartered in Chevy Chase, Maryland, Forbright is committed to accelerating the transition to a sustainable economy by financing visionary leader in clean energy, healthcare, technology, financial services, real estate, and other industries with extraordinary service.
COMPANY CULTURE: We are a dynamic, high energy, fun, and fast-paced organization that has an exciting growth trajectory, meaningful mission, and embedded responsible environmental, social, and governance (ESG) practices into our daily interactions. We offer our team members a culture of collaboration, inclusion, flexibility, recognition, and giving back. We look to hire individuals that are passionate about our mission, and who are motivated, customer and results-oriented, innovative, adaptable, and thoughtful.
COMPANY MISSION: We are a mission-driven institution. We operate a sound dynamic institution that is well capitalized, liquid, profitable and uses best practices to manage risk and assure compliance with laws and regulations. We use Forbrights capital, capabilities, innovation, and expertise to help our clients succeed and contribute broadly to building a more sustainable future.
JOB SUMMARY: The VP, Business & Performance Management is responsible for leading strategic planning, performance, and financial analysis for the Digital Banking organization, developing insights to inform our strategy, key decisions across key functions and annual plans. This position collaborates closely with the Digital Banking Data & Analytics team, Marketing team, Product team, Finance, and leadership.
DUTIES AND RESPONSIBILITIES:
Performance Management:
Monitor and analyze the Digital Banking business units financial performance against key performance indicators (KPIs)
Identify and help implement performance improvement initiatives to enhance efficiency and profitability
Provide strategic recommendations to optimize spend allocation and achieve financial targets, including outlining potential tradeoffs (e.g., media spend vs. deposit pricing)
Monitor financial impact of market fluctuations, economic changes, or industry trends (e.g., interest rate movement)
Work closely with Finance to identify and assess financial risks and develop mitigation strategies
Strategic and Financial Planning:
Develop and manage the annual budgeting process, including forecasts and long-term planning
Develop business cases for new projects, products, and services, ensuring alignment with the banks strategic objectives and financially beneficial to the bank
Support overall implementation and program management of strategic initiatives, as needed
Prepare Digital Banking budget and forecast reporting for leadership, highlighting performance across key financial metrics (e.g., Cost of Funds)
Conduct detailed financial analysis to identify trends, variances, and opportunities for improvement
Support business and regulatory driven scenario planning and analysis as needed
QUALIFICATIONS:
Minimum of 5 - 7 years of financial and strategic planning and experience in Financial Services required
Bachelors Degree from a 4-year, accredited institution, or equivalent experience required
Extensive experience with financial modeling, business analytics, and insights required
Experience in corporate strategy and/or management consulting a plus
Proficient in Microsoft Office Suite (Excel, PowerPoint, etc.) and excellent presentation skills
Experience in leading projects, teams and collaborating with stakeholders across various departments (e.g., IT, sales, marketing, operations)
Self-starter with solid sense of urgency, accountability and excellent focus on attention to detail with the capability to work and make decisions in a constantly evolving environment
Ability to develop strong relationships across the organization
Excellent oral and written communication skills
Outstanding organizational, problem-solving, and time management skills
POSITION REQUIREMENTS: The requirements described are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable employees to perform the essential functions. Work is conducted primarily in an office; however, some positions may be conducted remotely via technology. While performing duties of this job, the employee may be regularly required for prolonged periods of time to:
Sit or stand at a desk
Walk, stoop down, crouch, kneel or bend over
Use hands and fingers
Utilize a computer monitor with visual acuity
Operate technology and other office machinery such as printers, fax machines, scanners, etc.
Communicate clearly both verbally and in writing with others
ADDITIONAL DUTIES: For Forbright Bank to remain efficient and nimble as a growing organization, team members are expected to exhibit a high level of flexibility regarding any duties that may be situationally assigned outside of this job description.
PERKS/BENEFITS:
Comprehensive health, dental, and vision plans
4 weeks PTO
401k + company match
Metro SmartTrip benefits ($50/mo)
Remote or hybrid work schedules for most positions
Bonuses for purchasing solar panels, electric vehicles, biking to work, etc.
Paid subscriptions to Veterans Compost, Imperfect Foods, and more!
Best Workplaces for Commuters 2023 & 2024 winner
The Washington Post Top Workplaces 2023 & 2024 winner
American Banker Best Banks to Work For 2023 winner
It is the policy of Forbright Bank to provide equal employment opportunities to all qualified individuals and to administer all aspects and conditions of pre-employment and employment without regard to protected characteristics.
Apply Now
COMPANY CULTURE: We are a dynamic, high energy, fun, and fast-paced organization that has an exciting growth trajectory, meaningful mission, and embedded responsible environmental, social, and governance (ESG) practices into our daily interactions. We offer our team members a culture of collaboration, inclusion, flexibility, recognition, and giving back. We look to hire individuals that are passionate about our mission, and who are motivated, customer and results-oriented, innovative, adaptable, and thoughtful.
COMPANY MISSION: We are a mission-driven institution. We operate a sound dynamic institution that is well capitalized, liquid, profitable and uses best practices to manage risk and assure compliance with laws and regulations. We use Forbrights capital, capabilities, innovation, and expertise to help our clients succeed and contribute broadly to building a more sustainable future.
JOB SUMMARY: The VP, Business & Performance Management is responsible for leading strategic planning, performance, and financial analysis for the Digital Banking organization, developing insights to inform our strategy, key decisions across key functions and annual plans. This position collaborates closely with the Digital Banking Data & Analytics team, Marketing team, Product team, Finance, and leadership.
DUTIES AND RESPONSIBILITIES:
Performance Management:
Monitor and analyze the Digital Banking business units financial performance against key performance indicators (KPIs)
Identify and help implement performance improvement initiatives to enhance efficiency and profitability
Provide strategic recommendations to optimize spend allocation and achieve financial targets, including outlining potential tradeoffs (e.g., media spend vs. deposit pricing)
Monitor financial impact of market fluctuations, economic changes, or industry trends (e.g., interest rate movement)
Work closely with Finance to identify and assess financial risks and develop mitigation strategies
Strategic and Financial Planning:
Develop and manage the annual budgeting process, including forecasts and long-term planning
Develop business cases for new projects, products, and services, ensuring alignment with the banks strategic objectives and financially beneficial to the bank
Support overall implementation and program management of strategic initiatives, as needed
Prepare Digital Banking budget and forecast reporting for leadership, highlighting performance across key financial metrics (e.g., Cost of Funds)
Conduct detailed financial analysis to identify trends, variances, and opportunities for improvement
Support business and regulatory driven scenario planning and analysis as needed
QUALIFICATIONS:
Minimum of 5 - 7 years of financial and strategic planning and experience in Financial Services required
Bachelors Degree from a 4-year, accredited institution, or equivalent experience required
Extensive experience with financial modeling, business analytics, and insights required
Experience in corporate strategy and/or management consulting a plus
Proficient in Microsoft Office Suite (Excel, PowerPoint, etc.) and excellent presentation skills
Experience in leading projects, teams and collaborating with stakeholders across various departments (e.g., IT, sales, marketing, operations)
Self-starter with solid sense of urgency, accountability and excellent focus on attention to detail with the capability to work and make decisions in a constantly evolving environment
Ability to develop strong relationships across the organization
Excellent oral and written communication skills
Outstanding organizational, problem-solving, and time management skills
POSITION REQUIREMENTS: The requirements described are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable employees to perform the essential functions. Work is conducted primarily in an office; however, some positions may be conducted remotely via technology. While performing duties of this job, the employee may be regularly required for prolonged periods of time to:
Sit or stand at a desk
Walk, stoop down, crouch, kneel or bend over
Use hands and fingers
Utilize a computer monitor with visual acuity
Operate technology and other office machinery such as printers, fax machines, scanners, etc.
Communicate clearly both verbally and in writing with others
ADDITIONAL DUTIES: For Forbright Bank to remain efficient and nimble as a growing organization, team members are expected to exhibit a high level of flexibility regarding any duties that may be situationally assigned outside of this job description.
PERKS/BENEFITS:
Comprehensive health, dental, and vision plans
4 weeks PTO
401k + company match
Metro SmartTrip benefits ($50/mo)
Remote or hybrid work schedules for most positions
Bonuses for purchasing solar panels, electric vehicles, biking to work, etc.
Paid subscriptions to Veterans Compost, Imperfect Foods, and more!
Best Workplaces for Commuters 2023 & 2024 winner
The Washington Post Top Workplaces 2023 & 2024 winner
American Banker Best Banks to Work For 2023 winner
It is the policy of Forbright Bank to provide equal employment opportunities to all qualified individuals and to administer all aspects and conditions of pre-employment and employment without regard to protected characteristics.
Apply Now