[Remote] WEX Bank CFO

Note: The job is a remote job and is open to candidates in USA. WEX Bank is a leading provider of financial solutions and payment services, committed to exceptional customer service and compliance. They are seeking a highly experienced Chief Financial Officer (CFO) to lead financial operations, ensuring the bank's financial strength and driving strategic initiatives in a regulated banking environment. Responsibilities • 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. • 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. • 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. • 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. • 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. • 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. • Effectively lead, mentor, and manage a team, fostering their professional growth and ensuring team success. • Additional duties, as assigned. Skills • 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. Benefits • Health, dental and vision insurances • Retirement savings plan • Paid time off • Health savings account • Flexible spending accounts • Life insurance • Disability insurance • Tuition reimbursement • And more Company Overview • Wex is a financial technology service provider for fleet, travel and healthcare industries. It was founded in 1983, and is headquartered in Portland, Maine, USA, with a workforce of 5001-10000 employees. Its website is Company H1B Sponsorship • WEX has a track record of offering H1B sponsorships, with 17 in 2025, 10 in 2024, 12 in 2023, 20 in 2022, 14 in 2021, 18 in 2020. Please note that this does not guarantee sponsorship for this specific role. Apply tot his job