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Federal Reserve System Financial Accounting & Reporting Assistant Vice President in Richmond, Virginia


Federal Reserve Bank of Richmond

At the Richmond Fed, we’re driven by our mission to strengthen the economy and our communities. We take great pride in what we do, and it impacts everyday people every day. When you join our team, you’ll become part of a culture that welcomes differences, cares about our communities, and empowers each other to lead from where we are to make things better.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

About the Opportunity

Reporting to the Chief Financial Officer, the Financial Accounting and Reporting Assistant Vice President (AVP) will lead the Financial Accounting and Reporting team in how we continue to transform our accounting function after the recent implementation of a new enterprise resource planning (ERP) platform. This leader along with their team, work closely with District business lines, System workgroups, the Board of Governors, and both our internal and external audit teams to ensure the accuracy of our financial reporting and the internal controls over our financial statements. The Financial Accounting and Reporting AVP will be forward-looking and pro-active, driving for results while actively coaching and managing talent.

What You Will Do

  • Oversees the accounting function that support the Federal Reserve Bank of Richmond and the Federal Reserve System’s national information technology organization.

  • Ensure timely and accurate accounting operations and financial statement preparation in accordance with compliance standards, including all aspects of accounting operations, assets and capital reporting, payroll and benefit accounting, financial statement footnotes and other reporting and analysis as needed.

  • Advance and maintain an effective internal control environment with supporting policy and process documentation.

  • Build resiliency and efficiency through automation and cross-training.

  • Engage across functions, Federal Reserve organizations, as well as within the team, to understand changing business demand and identify and implement process improvements.

  • Assess the talent within the teams, recruit, develop and maintain an agile workforce through succession planning and career pathing.

Qualifications and Considerations

  • 5+ years of relevant leadership experience, including building a cohesive, effective, and creative team.

  • Proven record of successfully driving and leading through change

  • Ability to achieve results in a multi-functional, complex organizational structure with numerous diverse business customers.

  • Exceptional problem-solving skills, willingness to take ownership of issues and drive for resolution.

  • Strong communicator with ability to effectively convey complex issues to a variety of stakeholders.

  • Excellent relationship management skills to effectively partner with senior leaders and business lines.

  • Ability to navigate complex situations and determine a path forward with proactive input.

  • Track record of delivering timely and accurate results with strong attention to detail.

  • Ability to maintain a positive team culture with a customer-service mindset in a dynamic environment.

  • History of successful talent development, workforce management, and succession planning.

  • CPA and/or MBA preferred.

Other Requirements and Considerations

  • Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict-of-interest rules and personal investment restrictions.

  • If you need assistance or an accommodation due to a disability, please notify rich.recruitment@rich.frb.org.

  • No Key Point: Sponsorship is not available for this role. Selected candidate is subject to special background check procedures.

  • The hiring range of the Assistant Vice President is $151,900 – $208,890 annually.

  • Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications.

  • Applications are reviewed on a rolling basis. Interested candidates are strongly encouraged to apply by December 11, 2023.

Full Time / Part Time

Full time

Regular / Temporary


Job Exempt (Yes / No)


Job Category


Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)

OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.

OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.

Why Our People Choose Us:

Our reputation precedes us

There will always be room for personal growth

Our people are first

You’ll find the right balance

Your responsibilities will be meaningful

We hope that you will be our future colleague.