Executive Director - Information Technology

About Treasury Corporation of Victoria (TCV)
Treasury Corporation of Victoria (TCV) is the central financing agency for the State of Victoria, established under the Treasury Corporation of Victoria Act 1992. TCV is the interface between the Victorian Government and domestic and international wholesale financial markets – raising funds, managing liquidity, and overseeing interest rate risk for the Victorian public sector.

TCV manages one of the largest debt portfolios in the Australian market. Its services include tailored lending, cash and liquidity management, interest rate and foreign exchange hedging, debt portfolio management, and specialist advisory on PPP procurement, contract management, and renewable energy financing. TCV’s Sustainability Bond Program, launched in 2021, has issued over $10 billion to fund eligible green, social, and sustainability projects across Victoria. TCV’s borrowings and derivative obligations are guaranteed by the State of Victoria.

TCV operates with a team of approximately 60. It is a high-performing, values-driven organisation that has undergone genuine cultural transformation in recent years. Employee engagement sits in the top quartile against Australian government and financial services benchmarks, job satisfaction is above 95%, and client satisfaction is at 97%.

The Role
TCV is seeking an Executive Director, IT (CIO equivalent) to join its Executive Leadership Team, reporting directly to the CEO. This is a rare opportunity to lead the technology function of a compact, sophisticated statutory authority at the intersection of financial markets, government, and technology.

This is a leadership role first. TCV is looking for an executive who uses technology as the vehicle for organisational performance – someone who sees themselves as a CIO, not a technologist who has moved into management.

IT sits at the centre of most change initiatives at TCV. The ED, IT will lead a team across infrastructure, cybersecurity, and applications, with oversight of critical treasury and financial markets systems including Wallstreet Suite, Razor, and Oracle. The role also carries formal CISO accountability – owning TCV's cybersecurity posture, strategy, and risk management. Beyond cybersecurity, the role is responsible for IT operating and capital budgets and contributing to TCV's growing AI and innovation agenda.

What We Are Looking For

• An experienced technology executive with a career grounded in financial services, treasury, or capital markets.
• Direct experience with treasury management systems – ideally Wallstreet Suite or comparable platforms.
• Demonstrated capability and effective oversight of cybersecurity governance in a regulated or financial markets environment.
• Executive presence and commercial acumen, with the credibility to contribute at board and senior government stakeholder level.
• Strong people leadership – someone who builds high-performing teams, develops talent, and leads through change.
• Curiosity and practical fluency in AI and emerging technologies.
• Experience managing hybrid infrastructure environments.
• Candidates from major banks or financial institutions at the senior IT leadership level (e.g. Head of IT, Head of Infrastructure) who are ready for a step into a CIO role will be strongly considered.

 
Why TCV

• A seat on the Executive Leadership Team with direct access to the CEO and Board.
• A high-performing organisation with outstanding engagement results and a 97% client satisfaction rate.
• The chance to shape the technology strategy of a critical government financing agency.
• A collaborative, values-driven culture that has undergone genuine transformation in recent years.

How to Apply
This search is being conducted exclusively by Derwent Search. Your application must include a current resume and cover letter.  Please apply through the link, applications close at 11:59pm on Friday, 29 May.
 
For a confidential discussion, please contact: Katharine Whittaker, Principal, Digital & Technology Practice, kwhittaker@derwentsearch.com.au