Technology Business Management (TBM) Architect

at CVS Health in Springfield, Illinois, United States

Job Description

Bring your heart to CVS Health Every one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand – with heart at its center – our purpose sends a personal message that how we deliver our services is just as important as what we deliver. Our Heart At Work Behaviors support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable.

CVS Health is seeking a highly skilled and experienced Technology Business Management (TBM) Architect to join our dynamic IT team. As a TBM Architect, you will be responsible for designing and implementing TBM frameworks, methodologies, and processes to optimize technology investments, drive financial transparency, and align IT with business goals. You will collaborate with cross-functional teams, including finance, IT, and business stakeholders, to develop and maintain an effective TBM strategy that enables informed decision-making and maximizes the value delivered by technology investments. You will play a critical role in shaping the CVS Health TBM strategy, driving financial transparency, and optimizing the value delivered by technology investments. Responsibilities:

+ Develop and implement the TBM strategy, framework, and roadmap aligned with CVS Health’s organizational goals and industry best practices.

+ Design TBM processes, methodologies, and standards to enable accurate cost transparency, financial management, and value optimization.

+ Evaluate, select, and implement TBM tools and software solutions that support cost allocation, budgeting, financial reporting, and value management.

+ Collaborate with IT teams and vendors to ensure seamless integration and data accuracy across TBM platforms.

+ Design and implement cost transparency models and cost allocation methodologies to accurately assign IT costs to business units, projects, and services.

+ Understand financial management processes, including budgeting, forecasting, variance analysis, and financial reporting.

+ Establish mechanisms to measure and communicate the value and impact of technology investments on business outcomes.

+ Analyze technology portfolios, projects, and services to identify cost optimization opportunities and recommend strategies to improve cost efficiency and value delivery.

+ Develop and maintain TBM documentation, including standards, procedures, and guidelines.

+ Collaborate with finance, IT, and business stakeholders to gather requirements, solicit feedback, and ensure the successful implementation and adoption of TBM practices.

+ Effectively communicate TBM concepts, methodologies, and insights to both technical and non-technical stakeholders through presentations, reports, and workshops.

+ Minimum of 10 years of experience in Technology Business Management, IT finance, financial analysis, or related roles.

+ Strong understanding of TBM frameworks, methodologies, and best practices, such as the TBM Council’s TBM Taxonomy.

+ Proficiency in TBM tools and platforms, such as Apptio, ServiceNow, or similar solutions.

+ In-depth knowledge of financial management principles, cost accounting, budgeting, and financial modeling.

+ Excellent analytical and problem-solving skills, with the ability to translate complex data into meaningful insights and actionable recommendations.

+ Strong communication and presentation skills, with the ability to effectively convey technical and financial concepts to diverse audiences.

+ Experience in leading TBM implementation projects and driving organizational change.

+ Ability to collaborate and build relationships with stakeholders at all levels of the organization, including technology leaders, finance managers, and business executives.

+ Strong project management skills, with the ability to prioritize tasks, meet deadlines, and manage multiple initiatives simultaneously.Master’s degree is preferred.Bachelor’s degree in Finance, Business Administration, Information Systems, or a related field. A Master’s Degree is preferred.

Pay Range

The typical pay range for this role is:

$120,750.00 – $240,000.00

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above. This position also includes an award target in the company’s equity award program. In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities. The Company offers a full range of medical, dental, and vision benefits. Eligible employees may enroll in the Company’s 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees. The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits. CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners. As for time off, Company employees enjoy Paid Time Off (“PTO”) or vacation pay, as well as paid holidays throughout the calendar year. Number of paid holidays, sick time and other time off are provided consistent with relevant state law and Company policies. For more detailed information on available benefits, please visit

CVS Health requires certain colleagues to be fully vaccinated against COVID-19 (including any booster shots if required), where allowable under the law, unless they are approved for a reasonable accommodation based on disability, medical condition, religious belief, or other legally recognized reasons that prevents them from being vaccinated.

You are required to have received at least one COVID-19 shot prior to your first day of employment and to provide proof of your vaccination status or apply for a reasonable accommodation within the first 10 days of your employment. Please note that in some states and roles, you may be required to provide proof of full vaccination or an approved reasonable accommodation before you can begin to actively work.

CVS Health is committed to recruiting, hiring, developing, advancing, and retaining individuals with disabilities. As such, we strive to provide equal access to the benefits and privileges of employment, including the provision of a reasonable accommodation to perform essential job functions. CVS Health colleagues can initiate a request for a reasonable accommodation, including a qualified interpreter, written information in other formats, translation or other services through myHR (1-888-694-7287, or through myLeave at myHR). If you have a speech or hearing disability, please call 7-1-1 to utilize Telecommunications Relay Services (TRS). We will make every effort to respond to your request within 48 business hours and do everything we can to work towards a solution.

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Job Posting: JC245154969

Posted On: Sep 23, 2023

Updated On: Oct 26, 2023

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