Assistant Vice President
The Assistant Vice President of Secure Payments is a payment and fraud executive with responsibility to lead execution of programs and strategies that advance payment security and fraud mitigation across the industry through research, outreach and collaboration efforts. These activities are part of a broader program designed to improve the speed and security of the U.S. payments system. The Assistant Vice President is accountable to the Vice President of Secure Payments.
Principal Duties and Responsibilities:
Working with the vice president and other members of senior management, to design, develop and implement key elements of the Federal Reserves strategy for payment security, to reduce fraud risk and advance the safety and security of the U.S. payments system. Provide fraud expertise to the Secure Payments Team so that it achieves established objectives effectively and efficiently.
Actively researches and maintains technical fraud and payments expertise and incorporates these into tangible strategies and themes for the Secure Payments Team.
Collaborates with Secure Payments team members, consultants and other Federal Reserve System entities to interpret and operationalize proposed recommendations and solutions.
Partners with the Secure Payments leadership team and Program Management Office staff, to ensure security and fraud strategies and tactics are appropriately integrated with the other elements of payments improvement initiatives.
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 industry participants in designated work products.
Leads and/or participates in documenting the findings/recommendations of the secure payments work effort(s).
Provides updates on progress, risks, and challenges to various Federal Reserve System governance groups, as required.
Ensures team leverages program management best practices and documents specific project artifacts / deliverables.
Provides coaching and development to staff.
Education and Experience:
10 plus years of related fraud, security or risk management experience within the payments or financial services industry.
Proven experience working and leading a team of security/fraud experts in a highly complex, geographically diverse, and matrixed organization
History of successfully taking on responsibility, delivering results, and implementing large programs and projects, specifically focused on payments, information security, or fraud.
Understanding of Federal Reserves 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
Bachelors degree or an equivalent combination of education and/or technical training
Knowledge and Skills:
Advanced fraud management and payments experience
Strong people leadership skills
Demonstrated strong program management skills
Strong verbal and interpersonal communication skills
Builds strong relationships with a variety of stakeholders
Demonstrates active listening abilities
Strong negotiation skills
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
Strong problem solving skills with ability to get to root cause of business needs
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
Preferred position location is Boston, MA but open for highly qualified candidates.
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, sex, sexual 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 list checks at least once every five years.
The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all duties and responsibilities 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.