January 31, 2018
The Assistant Vice President of Secure Payments is an executive level position in the Federal Reserve System with responsibility for the successful execution of secure payments strategy of the Federal Reserve System’s Strategies for Improving the U.S. Payments System (“SIPS”). This individual will lead and/or participate in initiatives intended to reduce fraud and/or advance the safety, security and resiliency of the payments system. These activities are part of a broader set of activities designed to improve the speed, security and efficiency of the U.S. payments system.
PRINCIPAL DUTIES AND RESPONSIBILITIES
• Working with the senior vice president and other members of management, responsible for the design, development and implementation of key elements of the Federal Reserve’s strategy for payment security, to reduce fraud risk and advance the safety, security and resiliency of the U.S. payments system.
• Provides support to the Secure Payments Task Force so that it achieves established objectives effectively and efficiently.
• Establishes and maintains management structures, feedback loops, and accountabilities to effectively deliver results on secure payments team objectives.
• Facilitates dialogue with, and obtains/incorporates feedback from the Task force on designated
• Collaborates with Secure Payments team members, consultants and other Federal Reserve System entities to ensure plans are strategically developed and successfully executed.
• Collaborates with the Secure Payments leadership team and Program Management Office staff, to ensure security strategy and tactics are appropriately integrated with the other elements of the payments improvement initiative.
• Leads and/or participates in documenting the findings/recommendations of the secure payments
• Provides updates on progress, risks, and challenges to various Federal Reserve System governance groups, as directed.
• Ensures team leverages program management best practices and documents specific project
artifacts / deliverables.
• Provides coaching and development to staff.
EDUCATION AND EXPERIENCE
• Bachelor’s degree or an equivalent combination of education and/or technical training
• 10 plus years of related information security risk management experience within the
• Proven experience working and leading in a highly complex, geographically diverse, and
• Proven experience taking responsibility, delivering results, and implementing large programs and projects on time and within budget
• Understanding of Federal Reserve’s role in the payment system and strong knowledge of a broad array of US/ international payment systems, market activity and trends, key stakeholders and documented future direction for payment systems
• Experience managing consulting/vendor engagements
KNOWLEDGE AND SKILLS
• Strong people leadership skills
• Demonstrated strong program management skills
• Strong verbal and interpersonal communication skills and builds strong relationships with a
variety of stakeholders
• Demonstrates active listening and negotiation abilities
• Strong written communication skills; able to craft communication for a variety of stakeholders
• Strong presentation and meeting facilitation skills
• Demonstrated capacity for continuous development and strong leadership with demonstrated
ability to challenge and influence others
• Ability to analyze complex information and arrive at sound/defensible conclusions, effectively
manage/complete open-ended assignments and make solid business judgments
• Good organizational skills; sound business judgment; initiative; flexibility; and ability to work
effectively with limited supervision in a fast-changing environment
• Champion of change; ability to effectively lead the implementation of new ideas
• Familiar with current and emerging technologies and trends within the evolving payments landscape
• Awareness of payment fraud issues, trends, contributory factors and mitigation
• Comfortable with ambiguity
• Equally at ease within technical and business domains
• 20-30% travel
Contact Todd Matthews at Todd.Matthews@bos.frb.org or Federal Reserve Bank of Boston, 600 Atlantic Ave, Boston, MA 02210
All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks 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.