Nani Coloretti, a 1987 ‘Iolani School graduate, was nominated last week to a top U.S. Treasury job.

Coloretti, whose nomination needs U.S. Senate confirmation, was picked by President Barack Obama Wednesday to be chief financial officer in the Department of the Treasury.

She has been the department’s assistant secretary for management for the past year.

Coloretti, 44, served as the department’s deputy assistant secretary for management and budget from 2009 to 2012.

After Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law, Coloretti helped establish the Consumer Financial Protection Bureau as its first acting chief operating officer. She helped create and implement quarterly performance and budget reviews.

Such reviews are now used throughout the federal government.

Before joining the Treasury, Coloretti worked for four years in San Francisco Mayor Gavin Newsom’s office.

Her prior work history also includes directing investment at a San Francisco department for children and youth; economics consulting at the Law and Economic Consulting Group, a firm started by several University of California at Berkeley professors; budget, health, and welfare analysis at the federal Office of Management and Budget during the Clinton administration; and budget analyst in Hawaii from 1991 to 1992.

She is a graduate of the University of Pennsylvania.

She is married to David Goldstein and has one son, Kaleo Goldstein-Coloretti.