Chief Technology Officer

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Position Summary

Hands on leader responsible for providing strategic direction and management of technology infrastructure. Responsible for management of in-house resources and oversight of outsourced IT staff.

Essential Job Functions¹

1. Serve as a liaison between technology group and senior management.
2. Manage all technology resources both internal and outsourced.
3. Recommends and plans information technology to support and meet company objectives based on research and evaluation.
4. Directs implementation and execution of new/upgraded information systems via well-defined plans including testing and implementation procedures, deadlines, and accountability.
5. Guide the company technologically, moving the current groups from an ad-hoc reactionary function to a proactive function operating with a holistic plan that supports the current business and will enable future growth.
6. Manage department budgets.
7. Proactively look for solutions to improve business processes.
8. Ensure ProFunds’ staff needs are met with effective and efficient desktop support.
9. Ensure networking, voice, and data solutions meet company needs and are scalable.
10. Evaluate and implement IT procedures.
11. Assist in budget planning for IT equipment and projects.
12. Ensure security policies are met.
13. Manage vendor relationships.
14. Coordinate production system support.
15. Assist with disaster recovery planning and testing.
16. Other duties and responsibilities as assigned.

Education and Experience

1. Bachelor of Science in computer science or finance coupled with 10 or more years experience in IT or systems development for financial services industry.
2. Five or more years project management experience with emphasis on enterprise systems development or support.
3. Five or more years management experience.
4. Ten or more years infrastructure experience (design and operations) primarily within the securities industry.
5. Mutual fund industry experience strongly preferred.

Knowledge, Skills and Abilities

1. A strong knowledge of the new technologies emerging in the financial data processing industry.
2. Strong organizational and problem-solving skills.
3. Adaptability.
4. Strong written, verbal, and non-verbal communication skills.
5. Ability to motivate others, and be client focused.
6. Strategic thinking and possess a business acumen.
7. Ability to prioritize workloads.
8. Ability to work through complex problems using past experience and knowledge of customers’ requirements.
9. Ability to make administrative/procedural decisions and judgments.
10. Skill in budget preparation and fiscal management.
11. Ability to communicate effectively, both orally and in writing.

Deliverables, Success Measurements:

Initial 60-day period:

1. Review gap analysis – document detailing current state, costs, people, consultants; projects in play, projects approved but not yet started, software and hardware infrastructure.

Next 120-days after initial period:

1. Complete gap analysis.
2. Develop standards – look at what’s working and track performance and issues.
3. Begin to create a technology vision. Move from an ad-hoc reactionary function to a proactive function operating with a plan.

Within the first year:

1. Create, gain approval for, and manage to a holistic technology master plan.