Main Purpose of Job
The Head of IT Strategy will be responsible for defining, developing, and executing the IT strategy that supports the institution's overall business objectives. This role requires a deep understanding of both technology and financial services, as well as the ability to align IT initiatives with the company's long-term vision. The ideal candidate will be a strategic thinker, an effective communicator, and a collaborative leader who can drive innovation while managing risk and ensuring operational excellence. To enable this vision, a team of enterprise architects will be reporting to this role to align the strategy and the execution.
Principle Responsibilities & duties
IT Strategy Development:
- Define and articulate the IT strategy, ensuring alignment with the institution's business goals and regulatory requirements.
- Identify emerging technologies and trends in the financial sector to drive innovation and competitive advantage.
- Develop a multi-year IT roadmap, prioritizing initiatives that deliver measurable business value.
Digital Transformation Leadership:
- Assist in leading and driving the organization's digital transformation efforts, including the adoption of cloud technologies, data analytics, AI, and automation with Transformation team and other IT team members.
- Collaborate with business units to identify opportunities for technology-enabled process improvements and customer experience enhancements.
Enterprise Architecture:
- Design the overall Enterprise architecture and roadmap.
- Drive the alignment of the projects to the desired Enterprise Architecture state through collaboration with the architects and project teams.
Stakeholder Collaboration:
- Partner with senior leadership, including the CIO/CTO, IT Advisor, Head of Planning and Admin, and business unit heads, to ensure IT initiatives support strategic priorities.
- Act as a trusted advisor to the executive team, providing insights on technology trends, risks, and opportunities.
Governance and Risk Management:
- Establish and enforce IT governance frameworks to ensure compliance with regulatory requirements and industry standards.
- Feedback on strategic risks and management practices related to IT, including cybersecurity, data privacy, and disaster recovery.
Budget and Resource Management:
- Develop and manage the IT strategy budget, ensuring cost-effective allocation of resources.
- Evaluate and prioritize IT investments based on ROI, risk, and strategic alignment.
Team Leadership and Development:
- Build and lead a high-performing IT strategy and architecture team, fostering a culture of innovation, collaboration, and continuous improvement.
- Mentor and develop team members, ensuring they have the skills and knowledge to support the organization's strategic goals.
Job requirement
- Bachelor's degree in Information Technology, Computer Science, Business Administration, or a related field.
- MBA or advanced degree in a relevant discipline is preferred.
- Minimum of 10-12 years of experience in IT strategy, technology consulting, enterprise architecture or a related field, with at least 5 years in a leadership role.
- Proven track record of developing and executing IT strategies in a financial services or highly regulated environment.
- Experience with digital transformation, cloud computing, data analytics, and emerging technologies.
