Full-Time

Head of Corporate IT

Posted on 12/20/2024

Live Oak Bank

Live Oak Bank

501-1,000 employees

Compensation Overview

$185k - $255k/yr

+ Annual Bonuses + Long-term Incentives

Senior

Charlotte, NC, USA + 1 more

More locations: Wilmington, NC, USA

Category
IT Project Management
System Administration
IT & Security
Requirements
  • Bachelor's degree in Computer Science, Information Technology, or related field
  • 5+ years of experience in IT leadership roles, with at least 1 year managing enterprise IT for organizations of 800-2500 employees
  • Proven track record of developing and implementing successful IT strategies
  • Strong understanding of current and emerging technologies in the financial sector
  • Experience in optimizing IT processes and driving innovation
  • Excellent leadership and team management skills
  • Strong analytical and problem-solving abilities
  • Superior communication and interpersonal skills
  • Demonstrated ability to manage large-scale IT budgets effectively
Responsibilities
  • Develop and implement a comprehensive IT strategy aligned with Live Oak's business objectives for the next 3-5 years
  • Lead and mentor a team of IT professionals, including Systems Engineering Managers, Senior Engineers, and support staff
  • Drive innovation in our IT infrastructure, constantly seeking ways to optimize processes and systems
  • Prioritize and enhance the employee experience through intuitive, efficient, and cutting-edge IT solutions
  • Collaborate with the CTO and other executive leaders to ensure IT initiatives support overall business goals
  • Manage the IT budget, balancing cost-effectiveness with the need for technological advancement
  • Partner with CISO to oversee the security and compliance of Live Oak's IT systems, ensuring adherence to industry regulations and Live Oak security standards
  • Implement data-driven decision-making processes across the IT department
  • Foster a culture of continuous improvement and learning within the IT team
  • Evaluate and integrate new technologies to keep Live Oak at the forefront of the financial technology sector
  • Develop and maintain relationships with key technology vendors and partners
  • Ensure high availability and performance of all IT systems critical to Live Oak's operations
Desired Qualifications
  • MBA or other advanced degree in a relevant field
  • Experience in the banking or financial services industry or other highly-regulated field
  • Knowledge of regulatory requirements for IT in the banking sector
  • Certifications such as ITIL, PMP, CISSP, or similar
  • Experience with cloud technologies and digital transformation initiatives
  • Track record of successful vendor management and strategic partnerships

Company Size

501-1,000

Company Stage

IPO

Headquarters

Wilmington, Delaware

Founded

2008

Simplify Jobs

Simplify's Take

What believers are saying

  • Partnership with Warrior Rising taps into the growing veteran-owned business market.
  • Asset-backed credit to B.R. Distilling supports growth in the beverage industry.
  • Expansion in healthcare billing solutions offers new financial product opportunities.

What critics are saying

  • Competition from Anatomy Financial in healthcare billing could impact market share.
  • Changes in policies may affect veteran entrepreneur support initiatives.
  • Financial exposure from credit lines to companies like B.R. Distilling.

What makes Live Oak Bank unique

  • Live Oak Bank supports veteran entrepreneurs through collaboration with Warrior Rising.
  • The bank offers asset-backed lines of credit to beverage companies like B.R. Distilling.
  • Live Oak Bank focuses on small business lending with new VP Benjamin VanDerWeide III.

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Benefits

Paid Sick Leave

Performance Bonus

Flexible Work Hours

Company News

WilmingtonBiz
Mar 13th, 2025
Live Oak Bank, Food Pantry, Apartments Among Real Estate Award Winners

Live Oak Bank, food pantry, apartments among Real Estate Award winners.

PYMNTS
Feb 6th, 2025
Firstrand Adopts Fiserv’S Cloud-Based Banking Platform

FirstRand Group, the largest financial institution by market capitalization in Africa, said Wednesday (Feb. 5) that it will adopt Fiserv’s cloud-based banking platform, Finxact.Finxact offers enhanced access to data and will improve FirstRand’s ability to create modern and personalized banking experiences, the companies said in a press release.“As customer expectations evolve, Finxact provides a modern, flexible system that enables greater innovation and the ability to deliver personalized solutions at speed,” FirstRand Chief Digital Officer Kevin Mitchell said in the release.FirstRand will deploy Finxact in its customer franchises FNB, which is focused on retail and commercial banking, and RMB, which specializes in corporate and investment banking, according to the release.The cloud-based banking platform will enable FNB and RMB to offer new and innovative products and use their mobile app and internet banking investment, the release said.Finxact’s modern system of record and transaction processing engine supports all asset classes, currencies and time zones, per the release.“We are thrilled that FirstRand is the first financial institution outside of the U.S. to move to Finxact, a trusted partner for a major modernization,” Katia Karpova, executive vice president and head of EMEA at Fiserv, said in the release. “We see big opportunities for Finxact in the EMEA region, as banks aim to enhance their digital transformation.”When U.S. digitally focused bank Live Oak Bank launched its first embedded banking partnership powered by its in-house technology and a Finxact core, its chairman and CEO, James S. (Chip) Mahan III, said the move marked “an exciting start to our embedded banking journey to serve customers across our verticals.”Fiserv reported Wednesday that its revenue growth continued to be underpinned by its merchant and financial solutions segments in the final three months of 2024.Looking ahead, the company is guiding for 2025 organic revenue growth of 10% to 15%.“Generally, we feel good about our ability to continue to grow nicely as we see consumer spending going on and leveraging our very broad distribution channel and variety of verticals that we serve,” Fiserv CEO Frank Bisignano said Wednesday during the company’s quarterly earnings call

PYMNTS
Dec 24th, 2024
Anatomy Financial Raises $19 Million To Expand Billing Solutions For Healthcare Practices

Anatomy Financial has raised $19 million in a Series A funding round to expand its solutions that enable healthcare practices to convert their billing workflows from paper to digital. The company’s solutions include healthcare lockbox services, Explanation of Benefits (EOB) conversion to 835 files, and smart reconciliation, Anatomy Financial said in a Dec. 17 press release. “Paper is still a core method of receiving payments and critical billing information such as denial letters and explanation of benefits,” Anatomy Financial Co-CEO Sasha King said in the release. “We’ve reimagined the lockbox to bridge the physical and digital worlds, providing AI [artificial intelligence] -enabled features purpose-built for billers, medical practices and dental practices to save time and thus, ensure no payments fall through the cracks.”

PR Newswire
Nov 12th, 2024
Warrior Rising Announces Enhanced Capital Readiness Capability For Veteran Entrepreneurs

Warrior Expands Access to Capital for Veteran-Owned Businesses Through Alliances with Parlay and Live Oak Bank and Acquisition of Launch Plan™SALT LAKE CITY, Nov. 12, 2024 /PRNewswire/ -- Warrior Rising, a national 501c3 non-profit organization dedicated to empowering U.S. military veterans and their families through entrepreneurship, today announced it has established a relationship with Parlay Finance and Live Oak Bank to increase capital access and support for veteran-owned small businesses across the nation. With a shared commitment to empowering veteran entrepreneurs, this collaboration aims to help businesses led by veterans and military spouses thrive through education, coaching, mentorship, financial resources, and tailored capital access solutions. Veterans have long played a pivotal role in the U.S. economy, contributing to job creation and innovation

PYMNTS
Jun 3rd, 2024
Live Oak Bank Launches First Embedded Banking Partnership

Live Oak Bank has launched its first embedded banking partnership. Powered by the bank’s in-house technology and a Finxact core, this offering enables software companies to directly deliver Live Oak banking products and services to their own customers, Live Oak Bank said in a Monday (June 3) press release. For the customers of these software companies, this means they will receive banking services embedded in the software they already use, according to the release

INACTIVE