Virtual CITO
 Proactively and automatically test for Information System compliance and security using a single appliance.
Information technology and security professionals are drowning in data
regarding security and compliance. Resources are limited and devices
and applications that are required to protect organizations are difficult to
manage without automation. In spite of on-going complexity, an organization
must meet serious regulatory requirements and fiduciary responsibilities.
IT Management
Have your external auditors and/or regulators recommended you
add a Chief Information or Chief Technology Officer to your executive
management team? Assigning IT management functions to one or more
of your other executives in charge of other business processing units
may not provide your bank the best strategic guidance. If your budget or
corporate structure does not support adding a full-time senior executive
for IT management at this time, a Virtual Chief Information Technology
Officer may be the answer.
Virtual Chief Information Technology Officer
Enjoy the benefits of a Chief Information Technology Officer without the expense of a
full-time, on-staff executive. We recognize your bank’s need for a Chief Information
Technology Officer and realize that not all budgets or corporate structures may justify or
support the addition of another full-time executive. We have the expertise you need to
perform the functions, when you need them, for less than it would cost you to hire a fulltime
Chief Information Technology Officer. If you have an executive in the role of Chief
Information Officer, Chief Technology Officer of Chief Information Technology Officer,
the Virtual Chief Information Technology Officer may also be used to complement the
functions performed by your IT executive.
Chief Information Technology Officer
Establishes and directs the strategic long term goals, policies and procedures for an
information technology department. Determines an organization’s long-term systems
needs and hardware acquisitions to accomplish the organization’s business objectives.
Requires a bachelor’s degree and may be expected to have an advanced degree in a
related area with at least 10 years of experience in the information technology field.
Generally manages middle managers/directors. Relies on experience and judgment to
plan and accomplish goals. Typically reports to a CEO or COO.
Based on recent data from Salary.com, a Chief Information Technology Officer’s salary
ranges between $119,255 and $263,770. This salary range does not include the
additional employee benefit expenses. Many banks either cannot afford this expense
or do not have the need for a full-time Chief Information Technology Officer. We can
provide all the expertise you need to perform the functions of a Chief Information
Technology Officer, without the six figure cost.
Benefits of a Virtual Chief Information Technology Officer
- Lowers costs by maximizing IT budget and strategic planning.
- Non-technical executives no longer tasked to perform in technical management roles.
- Allows members of executive team to focus on bank’s other critical operational and
management issues.
Roles of Virtual Chief Information Technology Officer
- Represents IT on executive and operations committees.
- Works with executive management to develop long-term IT strategy and align IT strategy
with business strategy.
- Works with executive and operations management to develop, evaluate, recommend,
select and implement technology solutions.
- Works with IT management to enhance IT operations to achieve optimal results at
minimal expense.
- Keeps executive, operations and IT management informed and up to date on technology
related best practices and regulations.
Examples of functions that may be handled by your Virtual Chief Information Technology Officer:
Technology planning:
- Align IT strategy and focus with overall business objectives
- Project planning and management
- Periodic reports on latest industry software solutions
- System infrastructure analysis and recommendation for planned growth.
- Assist with technology related vendor selection and performance reviews.
- Assist with third-party service level agreement and contract negotiations.
- Recommend additional training for IT management and staff.
- Assist with policy and procedure development.
We can assume as many, or as few, of the functions of the Chief Information Technology
Officer, as you require. Let us define a Virtual Chief Information Technology Officer
scope of work that will complement your existing Executive, Operations and IT
Management infrastructure.
Contact us today. |
