Business of IT, System IT Executive

Company

Federal Reserve Bank of Richmond

When you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with leading tech professionals to strengthen and protect our economic, financial and payments systems. We invest in contemporary and emerging technology each year to support the Federal Reserve and our economy, and we’re building a dynamic team for our future.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a work environment where you can truly find balance.

About The Opportunity

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. 

What You Will Do:

• 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 indu