Fed Now Chief Information Security Officer / AVP | Boston, MA

monetary, financial, and payment systems to promote optimal economic performance. As part of the nation’s central bank, the Boston Reserve Bank promotes sound growth and financial stability in New England (Connecticut – except Fairfield County, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont) and the nation.

The Bank's unique contributions to its local communities, region, and the nation are founded on high-quality research and bank supervisory activities, excellence in supporting financial services and financial markets stability, leadership in payments innovation, and a commitment to supporting economic well-being in communities. The Bank holds several key System roles,

including leading the Financial Support Office, which manages the System budget. The Bank also develops and leads innovative payments programs and played a central leadership role in the Federal Reserve’s crisis responses both during the Great Financial Crisis (2008) and global pandemic (2020).

The Bank is a thought leader and innovator in numerous areas. Among its most critical responsibilities: Conducting leading-edge research and education on monetary policy, financial markets and stability, and important regional and national economic concerns. Providing financial stability expertise through a deep knowledge of money markets and the institutions key to those markets. Conducting dynamic,

comprehensive bank supervision through on-site examination and by monitoring banking conditions, practices, and emerging issues.

Providing efficient, high-quality payments services for depository institutions. Transforming the nation’s payments system by leading the development of the Fed Now Service (“Fed Now”), a real-time gross payments settlement system. Pursuing cooperative endeavors with business, community, and government leaders to address key local and regional economic issues, often with a focus on community development and economic opportunity. Supporting and improving economic outcomes for the broader community, particularly low- and moderate-income individuals.

This commitment is reflected in our research on race and its link to economic well-being, our Working Places community development programs, and our initiative to improve the quality of low-wage jobs. Building institutional expertise and flexibility by identifying, engaging, and developing a highly trained and diverse staff. Providing leadership to System initiatives and interacting with other regulatory bodies and central banks. The Bank is a business leader in Greater Boston and throughout the First District. We serve as an important business community advisor in areas of economic and workforce development.

Our President and Bank leaders are engaged with numerous organizations that support the First District community, including professional associations and academic boards. The Bank’s approximately 1,300 employees are based mostly in the First District and they take great pride in working for an organization whose mission is to promote sound economic growth, financial stability in the New England area and the United States. We are proud of our strong organizational culture, which is built on our four core values: integrity, leadership, diversity and inclusion, and innovation.

About the Position The Federal Reserve is developing a new interbank 24x7x365 real-time gross settlement (RTGS) service with integrated clearing functionality, called the Fed Now service. This service will help enable financial institutions provide their customers with the ability to send and receive payments any time, any day, and have full access to those funds within seconds. This position is a unique opportunity to be part of a new mission-critical Federal Reserve initiative that will be transformative to the payments landscape in the United States. The Chief Information Security Officer (CISO) is responsible for setting the strategy and executing on the design and implementation of a holistic Information Security program for the Fed Now service.

The CISO reports to the CIO. All Bank officers are expected to help drive and support the Bank’s mission, strategy and culture through active engagement in key dialogues, demonstrating intentional and inclusive leadership, and volunteering for Bank activities to serve as a role model for our employees and the communities we serve. The scope of the role includes, but is not limited to: Provide leadership on Fed Now IT strategies across a broad range of technologies including application development, networking, internet, desktop, helpdesk, security, computer operations, database administration, telecommunications and project management.

Develop and maintain a Fed Now information security roadmap that covers both internal enhancements to Fed Now’s security posture and customer-facing product security enhancements. Evaluate new and evolving cybersecurity threats and trends in the financial services industry and broader threat ecosystem; implement security controls to mitigate risk for the Fed Now service to respond to the evolving threat landscape.

Map multiple-year IT planning efforts to align with business needs, changing technologies, evolving threats and national strategies to ensure the accomplishment of objectives within applicable budgets. Oversee and direct activities of Fed Now service security initiatives working with the Fed Now technology leadership team. Engage businesses leaders at the local and national level to evolve and mature Federal Reserve information security practices, technologies, and capabilities at a System level. Provides leadership locally in the development, interpretation, application, and adherence of information security policies for the Fed Now service.

Develop and oversee a tailored security training and awareness program for the Fed Now organization that accounts for the unique risks associated with an instant payments service Represent the Fed Now service nationally, as the service’s Chief Information Security Officer and work collaboratively with ISO’s at the Bank and throughout the system in the development of security policies and the protection of system assets. Expectations & Requirements Knowledge and experience normally acquired through, or equivalent to, the completion of a Bachelor’s degree (Master’s degree preferred) and a minimum of 7-10 years of job related, including at least 5 years of supervisory/ management experience.

Possess strong knowledge of the financial services industry, Reserve Bank operations and financial services. Ability to translate emerging industry trends and evolving threats into actionable enhancements to the information security program. Ability to flexibly adapt to a rapidly changing environment and generate effective and innovative solutions to address change. Proven record of excellent business judgment and acumen.

Persuasive oral and written communication skills that effectively reach all levels of the organization. Proven ability to prioritize, reprioritize and demonstrates appropriate agility to manage competing and sometimes conflicting priorities. Demonstrated people leader with experience managing remote teams. Experience advising executive leaders on security risks and best practices for risk mitigation. Experience securing critical workloads in a cloud environment. Strong communication skills with ability to influence at all levels of the organization; ability to simplify complex security topics for consumption and critical decision making.

Leadership Capabilities Champion an inclusive environment to lead the System’s Diversity, Equity, and Inclusion goals. Lead with a strategic, action-oriented mindset that is focused on performance, accountability, and outcomes. Drive consistent results that are beneficial to System and local efforts (demands). Be a role model and serve as an active talent champion, coach, mentor, and connector. Engages in and ensures an environment is cultured which enables intellectual curiosity, agility, and experimentation to drive innovation.

Build trust and serve as a helpful and contributing colleague. Embrace and demonstrate a growth mindset including the new principles and practices as the future of work evolves. Additional FRBB Leadership Competencies for this Role: Manages Ambiguity & Complexity: Operates effectively, even when things are uncertain or the way forward is unclear Drives Vision and Purpose: Paints a compelling picture of the vision and strategy that motivates others to action Empowerment: Promotes autonomy and ownership of work across all levels of the organization No Surprises: Creates a clear and transparent understanding while creating an environment where speaking up is expected and expected Organizational Savvy: Maneuvers comfortably through complex policy, process, and people-related organizational and system dynamics Resiliency: Being prepared for changes and bouncing back quickly from setbacks Interpersonal Savvy: Relating openly and comfortably with diverse groups of people Courage: Stepping up to address difficult issues, saying what needs to be said Other Requirements Eligibility for a top-secret-level security clearance which necessitates the candidate be a US Citizen.

Residency in the First District within commuting distance of the office to manage a team with a frequent on-site presence. Travel within U. S. required – 25% of time ETHICS CONSIDERATIONS & PROHIBITED ACTIVITIES It is indispensable to the proper functioning of, and the maintenance of public confidence in, the Federal Reserve, for the Bank and the System to function properly and maintain high public confidence. It is essential for every employee to perform their duties with honesty, integrity, and impartiality, without improper preferential treatment of any person or organization.

Bank employees are subject to federal criminal statutes that prohibit financial conflicts of interest ( e. g. an employee cannot work on any matter in which they or certain employee-affiliated parties have a financial interest). In addition, the Bank’s code of conduct generally prohibits activities such as: Outside activities that are inconsistent with the employee’s duties and responsibilities, e. g. holding a position as a director of a publicly traded company Certain partisan political activities, such as fundraising or holding partisan elected office Physical Requirements Work is performed in an office environment and requires the ability to operate standard office equipment and keyboards.

At times, officers may be required to work evenings and/or over the weekend. The Federal Reserve Bank of Boston is committed to a diverse and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, interaction, interactionual orientation, gender identity, age, genetic information, disability, or military service. All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch lists at least once every five years.

The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities, or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time. Full Time / Part Time Full time Regular / Temporary Regular Job Exempt (Yes / No) Yes Job Category Executive Work Shift First (United States of America) The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool.

The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences. Privacy Notice