Treasury CIO, 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 a dynamic team of mission-driven professionals to strengthen and protect our economy and our communities.

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 the FRS Treasury IT portfolio. The Treasury Business Line CIO reports to the System CIO and partners with the FRS Treasury Director, overseeing enterprise-level technology to ensure efficient and effective delivery of capabilities and services. 

Key responsibilities include creating the vision, formulating the strategy, and setting the enterprise direction for common processes and architectures aligned with System IT policies, driving cross-portfolio standardization, and implementing consistent management practices. The position requires representing technology interests on relevant business committees, collaborating with other portfolio System IT Executives to identify efficiencies through tool rationalization and shared services, and serving as liaison between System IT and business line leadership. This role presents an opportunity to shape System IT strategy while fostering cultural integration between System IT and local Reserve Bank priorities within a matrixed organization. 

The Treasury Business Line CIO will be responsible for broadly managing the FRS Treasury IT portfolio, which currently includes more than 30 applications and eight hosting platforms at an annual cost of approximately $425 million.  The Treasury Business Line CIO will be responsible for 1) managing the enterprise-level Treasury technology portfolio to achieve efficiency (cost) and effectiveness (risk mitigation) and ensure the FRS delivers on commitments to Treasury; 2) partnering with the Fiscal Service CIO to ensure common methods, tools, and architecture standards for the Treasury portfolio in alignment with Treasury’s Bureau of the Fiscal Service (Fiscal Service) and System IT guidelines; 3) identifying opportunities for resource sharing and efficiencies across the FRS Fiscal Agent Reserve Banks; and 4) ensuring common program management practices are leveraged to deliver Treasury initiatives . 

The Treasury Business Line CIO will partner with the Fiscal Service CIO, Treasury Relations and Support Office (TRSO), FRS Treasury Directors Committee (TDC) and the FRS Treasury business leaders to ensure business strategies are delivered and enabled via effective technology delivery. The Treasury Business Line CIO will work with these groups to continue to build upon the existing processes, practices, and standards established for the FRS Treasury Support IT enterprise, including the rollout and adoption of the Treasury Technology Framework that will lead to greater standardization and consistency with Fiscal Service and System IT standards. The Treasury Business Line CIO will regularly report status and escalate issues, when needed, to the Enterprise Treasury Committee (ETC) and/or Payments Committee. 

What You Will Do:

• Strategy: Develop and align technology delivery 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 technology portfolio, managing relationships with senior Treasury and FRS leadership and acting as the strategic technology advisor. Collaborate with Fiscal Service CIO and System IT leadership, partner with the Reserve Bank executive team, and coordinate with external service providers to ensure aligned end-to-end solutions. 

• Architecture: Drive a comprehensiv