Company: Federal Reserve Bank of Minneapolis
Location: Minneapolis, MN 55401 (North Loop area)
Vice President, Information Technology–262292
Federal Reserve Bank of Minneapolis
Primary Location MN-Minneapolis
Full-time / Part-time Full-time
Employee Status Regular
Overtime Status Exempt
Travel Yes, 15 % of the Time
Shift Day Job
Job Sensitivity Tier II – No Credit Check
The Federal Reserve Bank of Minneapolis is one of twelve Reserve Banks that, along with the Board of Governors in Washington, D.C., constitute the nation’s central bank. It is part of the Federal Reserve System, which was established by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary system.
The Federal Reserve Bank of Minneapolis is located in Minneapolis, Minnesota, and has a branch office in Helena, Montana. The Bank represents the Ninth Federal Reserve District, which includes Montana, North and South Dakota, Minnesota, northwestern Wisconsin and the Upper Peninsula of Michigan. The Bank participates in setting national monetary policy, supervises numerous banking organizations, and provides a variety of payments services to financial institutions and the U.S. government. The Bank currently operates with a staff of approximately 1,000 employees.
Role Description
The Vice President (VP) for Information Technology (IT) is responsible for leading the design and delivery of business-driven technology solutions for the Bank, ensuring strong and effective technology operations and support that provides a great user experience, and ensuring technology strategies are well-aligned with Bank and Federal Reserve System (System) business strategies. As the chief technology officer for the Bank, the VP ensures the delivery of innovative technology solutions and services in a cost effective manner taking into account quality, customer expectations, service level agreements, and the need to achieve uniformity of IT services System-wide. Reporting to the Senior Vice President for Technology and Risk, the VP has primary day-to-day leadership responsibility for IT and ensures delivery, financial, productivity, service, and quality goals are met.
The VP is responsible for establishing IT goals and priorities and adjusting direction as needed to respond to Bank programs, Federal Reserve System (System) direction, and industry changes. The VP provides oversight for implementation of enhancements and upgrades to all processes, services, and systems with the level of controls necessary to that maintain the highest level of public confidence and operational integrity. In addition, the VP has everyday interaction and engagement with Bank and System IT executive management to develop and execute strategic plans consistent with Bank goals and System IT principles, strategies and direction.
In addition to overseeing these functional responsibilities, as an active and constructive member of the Bank’s leadership team, the VP will weigh in on Bank-wide policies, procedures and work environment. Central to this role is achievement of the Bank’s mission and key strategies supporting the mission including operational excellence, fostering Diversity & Inclusion and Continuous Improvement. This leader will work effectively across departments in the organization with a Bank-wide and System-wide perspective and an emphasis on collaboration and consensus building.
Overview of Responsibilities
Provides executive leadership, oversight, and support for IT to ensure management and staff understand and meet delivery, financial, productivity, service, and quality goals. Lead an IT team driven to provide a great user experience, exceptional solutions delivery and engineering/operational excellence. Helps the organization excel in building leading edge technology solutions to deliver on business outcomes.
Develops overall plans for IT that are comprehensive, realistic, and aligned to business strategies in meeting relevant System IT and Bank goals. Establishes goals and priorities and adjusts direction as needed to respond to Bank programs, System IT direction, and industry changes.
Leads the adoption of innovative technology practices and processes that continuously improve operations, delivery performance and technology capabilities fo the Bank and System. Lead an IT team driven to provide a great user experience, exceptional solutions delivery and core operational excellence.
Recruit, retain and foster development of a diverse team with an appropriate mix of management, interpersonal, and technical skills. Identifies and develops staff with leadership and management potential.
Directs the development of financial plans by department officers and presents them to senior management for consideration and approval. Ensures that overall financial and budget targets are achieved.
Plans, directs, and implements policies and procedures to ensure effective and efficient delivery and operation. Identifies and acts on opportunities to improve efficiency and quality of daily operations and services. Ensures department preparedness for contingency situations.
Provides oversight for Bank implementation of enhancements and upgrades to applications and automation systems. Works closely with Bank management and National IT service providers to plan and execute automation projects in support of business goals.
Ensures compliance with all applicable Department, Bank, and System policies, standards, service and quality measures, procedures, and controls to ensure the highest level of public confidence and operational integrity. Ensures the Bank’s information security environment complies with System standards and controls and effectively protects the IT infrastructure and information assets of the Bank.
Represents the Bank at all levels across the System, and may assume leadership positions at the System level, including developing, recommending and implementing significant initiatives. Influences IT standardization decisions and strategic initiatives through this participation and translates relevant activities into concrete action plans for the Bank.
Qualifications
Education and experience: Bachelor’s degree with concentration in computer science, management information systems or comparable technical discipline, or an equivalent combination of education and experience. Advance degree is preferred. Ten or more years of professional experience in information technology in a large, complex IT environment with diverse technologies, application architectures and customer demands. Five or more years of senior leadership experience with responsibility for architectures, strategic planning, process engineering, technical support and/or operations of complex mission-critical systems. Broad knowledge of current trends in information technology and technology solutions delivery and management.
Strategy and Innovation: Visionary leader with strong personal and professional credibility, personal integrity and the courage of his/her convictions.
Leadership Skills: Proven record of addressing substantial challenges and successfully driving significant change through collaboration and matrix management. Ability to motivate, develop and lead a diverse team of service providers through collaboration and consensus to reinforce a culture of service, accountability and innovation. Experience in building consensus and support and resolving enterprise-level governance issues.
Results: Strong financial acumen to assess key financial indicators and make decisions accordingly. Demonstrated ability to make decisions in light of changing priorities or financial indicators. Commits resources to achieve improvement opportunities.
Business Expertise: Strong business acumen with excellent organizational, problem solving, influencing and negotiating skills. Excellent day-to-day operating management skills – ability to execute coupled with a disciplined approach and an ability to effectively manage risk.
Communications: Highly developed interpersonal, presentation and communication skills with the ability to effectively relate and communicate at all levels, including the ability to explain technical matters in business terms.
Service: Commitment to public service with a personal and professional value system consistent with the culture and values of the Bank and the Federal Reserve System. Ability to handle sensitive and confidential matters with judgment and discretion.
Find one job in US 