to say the role of today’s cfo has evolved would be an...
TRANSCRIPT
Six Habits of Successful Modern Bank
CFOs
#1#2
#3
#4#5
#6
HABIT 1 Help Shape the Culture: Finance has the visibility to every aspect of the business. This makes the CFO the ideal conduit for creating a culture of communication and collaboration.
HABIT 2 Embrace Innovation: The CFO must partner with their CEO to break traditional barriers, this includes using technology and the Fintech industry to bring market di�erentiation and faster performance.
HABIT 3 Be Adaptable to Change: Whether it be di�erentiating their business, creating new markets, or altering the entire trajectory of an industry, great leaders see change as a way to stimulate growth.
HABIT 4 Use Technology to Enhance Performance: High-performing CFOs are becoming technology evangelists and pushing for SaaS-based solutions to help manage their institution's performance.
HABIT 5 Work to Minimize the Burden of Regulatory Compliance: Modern community bank CFOs recognize that their challenge is to manage the risk and compliance organization e�ciently, while helping to generate profits that o�set the increasing costs.
HABIT 6 Build Bench Strength: To run a successful finance organization it’s important to have team members who are not only technically proficient but can both cover their weaknesses and complement their strengths.
To say the role of today’s CFO has evolved would be an understatement. Now, in addition to understanding balance sheets, risk, and asset allocation, CFOs need to study nonfinancial factors, such as the competitive landscape, operations, sourcing, emerging technology, customer wants and needs, and more. They have to think more strategically than ever before. Below are six habits most high performing CFOs embrace to stand out and push their bank or credit union to new heights:
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“THE EVOLUTION OF THE CFO: SIX HABITS HELPING TODAY’S CFO AND
SHAPING FUTURE FINANCE LEADERS”
THE EVOLUTION OF THE CFO: SIX HABITS HELPING TODAY’S CFO AND SHAPING FUTURE FINANCE LEADERS