Assistant Secretary of the Treasury for Management explained

Post:Assistant Secretary of Treasury for Management
Flag:Flag of the United States Assistant Secretary of the Treasury.svg
Flagsize:130px
Flagcaption:Flag of the Assistant Secretary of Treasury
Insignia:Seal of the United States Department of the Treasury.svg
Insigniasize:120px
Insigniacaption:Seal of the United States Department of the Treasury
Incumbent:Anna Canfield Roth
Acting:n
Incumbentsince:February 2023
Department:U.S. Department of the Treasury
Reports To:The United States Deputy Secretary of the Treasury
Seat:Washington, D.C.
Appointer:The President
Termlength:No fixed term

The Assistant Secretary of the Treasury for Management, Chief Financial Officer, and Chief Performance Officer (ASM/CFO/CPO) 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. The ASM/CFO/CPO also oversees Department-wide management programs including human resources, information and technology management, financial management and accounting, strategic planning, performance budgeting/metrics, acquisition/procurement, training, human capital and workforce management, equal employment opportunity (EEO), environmental health and safety, emergency preparedness, small business programs, and administrative services for Treasury's headquarters, the Departmental Offices.

The Office of the ASM/CFO has broad responsibilities in the Departmental Offices and Department-wide, exercising management and financial authorities for the Secretary and the Deputy Secretary under various delegations, as well as authorities provided by statute or at the direction of the Secretary or Deputy Secretary. The Chief Financial Officers Act of 1990 mandated the establishment of Chief Financial Officers (CFO)[1] in federal agencies at the Assistant Secretary level. Historically, the Assistant Secretary for Management is also appointed by the President as the CFO, creating the position of ASM/CFO. The ASM has also been appointed as the Chief Performance Officer[2] for the Department.

The ASM is a presidentially appointed position. Until 2012, the position required Senate confirmation. The CFO position continues to require Senate confirmation, but the Senate has not confirmed any nominations for the position since the 2009 confirmation of Dan Tangherlini, and the President has not sent any nominations for the position since 2016. The ASM reports directly to the Secretary, through the Deputy Secretary. Until about 1985, the position was called the Assistant Secretary for Administration but included similar duties, absent CFO duties. As a senior management official in the Department, the ASM/CFO has an active role in the oversight of the bureaus. This role is enhanced due to the ASM/CFO’s responsibilities for the Department’s budget, as well as Department-wide policy.

The responsibilities of the ASM have evolved over the years. In the late 1990s, for example, the ASM/CFO supervised the Mint, the Bureau of Engraving and Printing, and the Treasurer of the United States, as well as the Office of Security, which included some of the duties of what would become the Office of Terrorism and Financial Intelligence in 2004. The Office of the ASM/CFO also played a key transition role following the passage of the Homeland Security Act of 2002, when several Treasury bureaus transferred to the Department of Homeland Security and the Justice Department.

Officeholders

NameIn officeAppointed by PresidentSecretary served under
George Muñoz1993–1997William J. Clinton
Nancy Killefer1997–1999William J. Clinton
Lisa Ross2000–2001William J. Clinton
Edward R. Kingman 2001–2002George W. Bush
Teresa Mullet ResselNov 2002 – Feb 2004George W. Bush
Sandra L. PackAug 2005 – Dec 2006George W. Bush
Peter B. McCarthyAugust 2007 – January 20, 2009George W. BushHenry Paulson
Dan TangherliniJuly 2009 – April 2, 2012Barack ObamaTimothy Geithner
Nani A. ColorettiNovember 16, 2012 – December 8, 2014Barack ObamaTimothy GeithnerJacob J. Lew
Brodi FontenotJanuary 2015 – June 2016Barack ObamaJacob J. Lew
Kody H. KinsleyJuly 2016 – March 2018Barack ObamaJacob J. LewSteven T. Mnuchin
David F. EisnerApril 2018 – January 20, 2021Donald TrumpSteven T. Mnuchin
Anna Canfield Roth (acting)August 2022 – February 2023Joe BidenJanet Yellen
Anna Canfield RothFebruary 2023 – presentJoe BidenJanet Yellen

See also

References

  1. Web site: Chief Financial Officers Council. cfo.gov. en-US. 2017-03-05.
  2. Web site: Performance Improvement Officers PIC.gov. www.pic.gov. en. 2017-03-05.