Carl Barrafato
Greater Richmond Region,United States
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Carl Barrafato is a highly accomplished and seasoned technology executive with approximately 30 years of extensive experience, prominently known for his long and impactful tenure at BMO Financial Group. He most recently served as the Group Head, Technology and Operations at BMO, a role he held until his retirement in early 2023. In this capacity, Carl was responsible for the strategic direction and execution of BMO's global technology infrastructure, information security, data governance, and operations. He played a pivotal role in driving BMO's digital transformation, modernizing its core banking systems, enhancing cybersecurity measures, and fostering innovation across the organization. His leadership focused on leveraging technology to improve customer experiences, optimize operational efficiency, and ensure BMO remained at the forefront of the evolving financial services landscape. Carl is recognized for his strategic thinking, ability to lead large-scale complex projects, and his commitment to building high-performing teams.
Professional Summary
Carl Barrafato's work history includes a series of influential roles in various companies. Here is a detailed list of his professional journey:
Notable Achievements
Group Head, Technology and Operations at BMO Financial Group
Led the strategic direction and operational execution for all technology functions, cybersecurity, data management, and bank operations globally. Oversaw a significant budget and a large team, driving modernization and efficiency across the enterprise.
Spearheaded BMO's Digital Transformation
Played a key leadership role in BMO's multi-year digital transformation journey, focusing on modernizing core platforms, adopting cloud technologies, implementing agile methodologies, and enhancing customer-facing digital channels.
Strengthened Cybersecurity and Resilience
Championed robust cybersecurity strategies and initiatives to protect BMO's assets and customer data against evolving cyber threats, significantly enhancing the bank's security posture and operational resilience.
Drove Innovation and Efficiency
Fostered a culture of innovation within BMO's technology and operations divisions, leading to the adoption of new technologies like AI and automation to improve efficiency, reduce costs, and enhance service delivery.
Long-standing Executive Leadership
Held various senior executive roles at BMO over more than a decade, including Chief Information Officer (CIO) and Chief Technology Officer (CTO), demonstrating consistent leadership and contribution to the bank's technological advancement.
Educational Background
Master’s Degree, Educational Leadership and Administration, General
Argosy University - Year 2013
High School
Benedictine High school - Year 1985
Bachelor's degree, Human Services, General
Virginia Commonwealth University
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Company Overview
ITT SystemsITT Systems (representing the broader activities of ITT Inc.) is a global diversified manufacturer of highly engineered critical components and customized technology solutions. They serve customers in the transportation, industrial, and energy markets, focusing on providing solutions that are essential to their operations and are known for innovation in areas like brake technologies, interconnects, pumps, and valves.
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