Business of IT, System IT Executive

Federal Reserve Bank of Philadelphia•Richmond, VA

About The Position

Technology support across the FRS (“System IT”) is functionally unifying and organizationally aligning to business line customers and enterprise shared services . This System IT executive leadership role within the Federal Reserve System (FRS) involves managing unique portfolios focused on broadly supporting all the other business lines and operations. The FRS Business of IT Executive reports to the System CIO and partners with the other portfolio leaders and System stakeholders to ensure efficient and effective delivery of business support capabilities and services. Key responsibilities include partnering with stakeholders to implement common management processes and practices in the areas of IT finance, talent management (e.g., workforce/succession planning, talent development), communications and change management, IT strategy formulation, and IT performance management. The position requires gathering portfolio leader and System stakeholder needs to deliver the core management functions of a robust and mature “Business of IT” function. While aspects of “Business of IT” are prevalent across the System and have been developed to serve specific needs, operating this enterprise function at scale is new and will require both the creation and integration of these business support capabilities to create a unified capability for System IT. This role presents an opportunity to influence System IT strategy while fostering cultural integration between System IT and local Reserve Bank practices (e.g., finance, people, communication, reporting) within a matrixed organization.

Requirements

10+ years senior executive experience (G VP/ SVP/EVP or equivalent) leading large organizations, with the presence to build confidence and strong stakeholder relationships.
Significant relevant experience in managing the Business of IT , including deep understanding of System IT’s mission objectives , service delivery models, stakeholder relationships, and technological infrastructure.
Bachelor’s degree in related discipline or equivalent experience. 
Deep technical expertise in designing and operating complex solutions with modern approaches, complemented by awareness of emerging IT industry trends .
Strategic direction-setting capabilities with demonstrated ability to deliver on established goals
Collaborative leadership style balanced with decisive action when required .
Proven ability to build and integrate teams across multiple organizational cultures while developing and maintaining business relationships with diverse constituents .
Strong understanding of the business lines’ mission and vision , most notably key business management. requirements and how that translates into effective management processes, practices, and capabilities that support the Business of IT needs for the enterprise.
Strong communication skills with the ability to effectively communicate complex, technical tops to a wide array of business stakeholders.
Demonstrated ability to manage geographically diverse and dispersed team s.
Exceptional collaborator with the ability to manage a diverse group of stakeholders and support effective decision making and prioritization.
This position requires physical residency and employment in a district aligned with the portfolio’s IT and business needs.
Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict-of-interest rules and personal investment restrictions.
The selected candidate will be subject to a government security investigation and must meet eligibility requirements for access to classified information.
Eligibility for this specific position requires U.S. Citizenship.

Nice To Haves

An advanced degree is preferred.

Responsibilities

Strategy: Develop and align business support capabilities and strategies with business objectives , ensuring efficiency and quality while maintaining consistency with System IT strategic plans. Implement the principle of "common where possible, unique where necessary" and track performance through metrics that are regularly reported to governance bodies.
Relationship Management: Serve as the primary IT executive responsible for the portfolio, managing relationships with senior leadership and acting as the strategic technology advisor. Collaborate with System IT leadership, partner with the Reserve Bank executive team, and coordinate with external service providers to ensure aligned end-to-end solutions.
Business Process Architecture: Drive a comprehensive business process architecture that standardizes IT finance, people, change, strategy, and performance management processes and practices to ensure portfolio leaders have access to modern IT management capabilities.
Budget: Manage the Business of IT resources and investments in collaboration with other portfolio stakeholders to align with industry ratios and portfolio leader needs . Maintain a comprehensive view of IT investments and portfolios to facilitate strategic decision-making for portfolios and across System IT .
Talent Management: Build a high-performing IT workforce through strategic talent decisions and HR partnership. Foster talent mobility, career development, and succession planning while navigating diverse employment policies across Reserve Banks. Maintain cultural identity while sponsoring career advancement and promoting continuous learning.
Risk Management and Information Security: Maintain secure and reliable IT solutions by partnering with the System CISO to ensure compliance with security standards and policies. Foster a strong risk management culture in coordination with business line risk functions to proactively identify and address IT risks.