AVP, Portfolio & Performance Management, Digital Banking

AI overview

Lead strategic planning and financial analysis for Digital Banking while collaborating with various teams to drive performance and key business decisions.
COMPANY DESCRIPTION:  Forbright is a nationwide full-service bank and commercial lender focused on helping to build a brighter future for our clients and the communities we serve. Forbright is committed to exceptional client service by providing seamless, innovative personal banking services to depositors and creative financing solutions to visionary middle market businesses and investors in healthcare, technology, financial services, real estate, and other industries.    COMPANY CULTURE:  We are a dynamic, high energy, fun, and fast-paced organization that has an exciting growth trajectory, meaningful mission, and embedded responsible 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 Forbright’s capital, capabilities, innovation, and expertise to help our clients succeed and contribute broadly to building a brighter future.  JOB SUMMARY: The AVP, Portfolio & Performance Management, Digital Banking 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:
  • Financial and Performance Management:
  • Oversee budgeting, forecasting, and financial management for technology, marketing, vendor services, and operational expenses 
  • Develop and maintain detailed cost reporting, including fixed and variable expenses, product-level profitability, and unit economics 
  • Monitor actuals vs. forecasts, investigate variances, and provide actionable insights to optimize financial performance 
  • Manage vendor contracts and billing processes, ensuring alignment with pricing terms and capitalization policies 
  • Identify and implement cost-saving opportunities to improve efficiency and reduce overhead 
  • Portfolio & Organizational Management:
  • Lead governance processes for digital programs, ensuring adherence to project management standards and audit requirements
  • Prepare executive-level reporting and updates on portfolio performance and strategic initiatives 
  • Support the team third-party risk management and onboarding activities 
  • Organize and manage key organizational events, including all-hands meetings, and off-site sessions 
  • Provide analytical and reporting support for performance metrics, OKRs, and engagement initiatives 
  • Conduct ad-hoc research and analysis to inform strategic decisions and competitive positioning 
  • Perform other duties as assigned 
  • QUALIFICATIONS:
  • Associates Degree required; Bachelor’s Degree in Business, Finance and/or Economics from a 4-year preferred 
  • Minimum 6 years of experience in Financial Services and/or Management Consulting, with exposure to FinTech and/or SaaS business models required 
  • Direct experience in Banking or Payments strongly preferred 
  • Experience in leading projects, teams, and collaborating with stakeholders across various departments (e.g., IT, sales, marketing, operations) 
  • Solid sense of urgency and accountability with the ability to work and make decisions in a constantly evolving environment 
  • Ability to develop strong relationships across the organization 
  • Strong project management skills 
  • Proficiency with Microsoft Office tools (Outlook, Word, PowerPoint, Excel)   
  • Excellent verbal, written, and interpersonal communication skills   
  • Strong organizational skills and attention to detail    
  • Outstanding problem-solving and time management skills   
  • Self-motivated, self-directed, and results-oriented  
  • Adaptable and able to multitask in a fast-paced environment   
  • Can work independently and within a team; solution-oriented with a collaborative approach 
  • The pay range for this position is below. The specific rate will depend on the successful candidate’s qualifications and prior experience. $125,000 (entry level qualifications) to $135,000 (highly experienced).


    POSITION REQUIREMENTS: We are committed to creating an inclusive workplace where all employees are capable of performing their job position. Work is primarily conducted in an office setting while certain positions may allow for remote work through the use of technology at management discretion. The functions described below are representative of those to successfully perform duties of this job. Reasonable accommodations may be made to enable employees to perform the essential functions. While performing duties of this job, the employee may be regularly required for extended periods of time to:
    • Remain in a stationary position
    • Use hands and fingers 
    • Utilize a computer monitor with visual acuity
    • Operate technology or other office machinery such as printers, scanners, etc.
    • Communicate clearly verbally and/or 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
    • Incentives for purchasing solar panels, electric vehicles, biking to work, etc.
    • Paid subscriptions to Veterans Compost, Capital Bikeshare, Imperfect Foods reimbursement, and more!
    • Best Workplaces for Commuters 2023 & 2024 winner
    • The Washington Post Top Workplaces 2023, 2024, and 2025 winner
    • American Banker Best Banks to Work For 2023 winner

    CORE PRINCIPLES:
    Excellence: Excellence is not a goal, but a standard, reflected in the precision of our work and the quality of our decisions. Excellence is a discipline that compounds over time and creates lasting value; it must be measured and managed. 
    People: Our people are our greatest strength. We foster a culture of respect, inclusion, and ambition - where everyone matters. We celebrate collaboration and teamwork and prize loyalty - to one another, the company, our mission, and values.   
    Innovation: We invest boldly in technology, harnessing innovation not for its own sake but to make banking and lending better, faster, and smarter for our clients, more efficient for our team, and more profitable for our shareholders.  By combining human insight with technological excellence, we strengthen our ability to serve, to adapt, and to succeed in a changing world.  Innovation is a continuous investment in new ideas. 
    Sound Practices: Our foundation rests on prudence, care, integrity, and discipline. We manage credit and business risk with rigor and fundamentals-based judgment, act with transparency, and uphold the highest standards of corporate governance and regulatory compliance to ensure sustainable growth and enduring financial strength.   
    Distinct Value: We focus our energy where we add value. We avoid the commoditized and the ordinary, choosing to compete through insight, specialization, technology and service. By concentrating on areas where expertise matters and relationships endure, we create differentiation that is defensible and lasting. 
    Clients: We exist to advance our clients’ success and to help them grow. We listen deeply, think creatively, and deliver solutions that solve problems, drive impact and add value. Every client relationship is built on partnership, performance, and purpose. 
    Shareholders: We are committed to creating exceptional value for our shareholders. We invest for the long term and view our shareholders as partners – not observers - in value creation. We allocate capital wisely, execute with precision, and continuously adapt our business model to pursue the most attractive, risk-adjusted returns. We work to make rational decisions, avoid unnecessary complexity, maintain strong liquidity and capital, and communicate with clarity and honesty. We measure success both by current performance and by the durability and quality of the long-term value we build.  
    Communities and the Environment: We believe prosperity and responsibility go hand in hand. We invest in inclusive opportunity and environmental stewardship. Our goal is simple - to do our part build a brighter, more sustainable future for the communities we serve and the world we share. 

    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.

    Employment with Forbright Bank is at-will, which means that either you or the Company may terminate the relationship at any time.

    By applying, you acknowledge that you have reviewed our CCPA Privacy Notice.

    Perks & Benefits Extracted with AI

    • Health Insurance: Comprehensive health, dental, and vision plans
    • Paid subscriptions and reimbursements: Paid subscriptions to Veterans Compost, Capital Bikeshare, Imperfect Foods reimbursement, and more!
    • Paid Time Off: 4 weeks PTO
    • Remote-Friendly: Remote or hybrid work schedules for most positions
    Salary
    $125,000 – $135,000 per year
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