PD_Treasury_Assistant-Secretary-for-Management-and-Chief-Financial-Officer

Position Description

ASSISTANT SECRETARY FOR MANAGEMENT/CHIEF FINANCIAL OFFICER, DEPARTMENT OF THE TREASURY

Overview

Senate Committee

The Assistant Secretary for Management (ASM) is not Senate confirmed. However, the ASM and the Chief Financial Officer (CFO) have always been the same person for the Department of the Treasury, and the CFO is Senate confirmed and goes through Finance.
This CFO is covered by the CFO Act of 1990 that may be filled through appointment by the president, with the advice and consent of the Senate, or through designation by the president from among agency officials who have been confirmed by the Senate for other positions.¹ _{CRS report: Presidential Appointee Positions Requiring Senate Confirmation and Committees Handling Nominations, 2016}

Agency Mission

The Treasury Department is the executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States.

Position Overview

The ASM/CFO is the principal policy advisor to the Secretary and Deputy Secretary on the development and execution of the budget for the Department of the Treasury and the internal management of the Department and its bureaus. CFOs also play a crucial government-wide role.

Compensation

Level IV $161,900 (5 U.S.C. § 5315)² _{2017 data}

Position Reports to

Secretary and Deputy Secretary of the Department of the Treasury

Responsibilities

Management Scope

The ASM/CFO oversees the financial management of the entire department. In fiscal 2015, the department had $485,623 million in outlays and 84,050 total employment. The ASM/CFO also serves as the director of the Office of Small and Disadvantaged Business Utilization.

Primary Responsibilities

® Develops and maintains integrated accounting and financial management systems
® Oversees the recruitment, selection and training of personnel to carry out agency financial management functions, manages, trains and provides policy guidance and oversight of these personnel and their activities
® Implements agency asset-management systems, including systems for cash management, credit management, debt collection, and property and inventory management and control
® Develops budgets that support all agency missions
® Manages the financial execution of the agency budget and actual expenditures
® Provides financial and performance reports to staff, overseers and stakeholders
® Ties the budget and performance to outcomes
® Takes the lead role in enterprise risk-management

Strategic Goals and Priorities

Depends on the policy priorities of the administration

Requirements and Competencies

Requirements

® Strong background in federal financial management
® Executive leadership experience
® Experience working in a large organization
® Risk-management experience
® Knowledge of the department’s functions and policies
® Knowledge of federal budget formulation
® Familiarity with cyber technology a plus
® Background in data analytics a plust

Competencies

® Ability to collaborate with the chief information officers, under/assistant secretaries for administration/management, as well as other CFOs and the Office of Management and Budget via the CFO Council
® Knowledge of, and relationships with, Congress or ability to develop them

Past Appointees

Kody Kinsley (2016-2017) u2013 Served in several roles in the Treasury prior to his appointment; Policy Analyst with the White House Domestic Policy Council; Director of Policy and Program Support at the District of Columbia Department of Health and Human Services
Brodi Fontenot (2015-2016) u2013 Assistant Secretary for Administration, Chief Human Capital officer, and Senior Sustainability Officer for the Department of Transportation; Deputy Assistant Secretary for Management and Budget at the DoT; staff member of the Senate Budget Committee
Dan M. Tangherlini (2009-2013) u2013 Washington, DC’s City Administrator and Deputy Mayor; Director of the District of Columbia Department of Transportation; Interim General Manager, Washington Metropolitan Area Transit Authority; CFO, Metropolitan Police Department; Worked in the Policy Office of the Secretary of Transportation; worked in a variety of capacities during six years of service with the Office of Management and Budget in the Executive Office of the President
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