CFTC taps Leiss as CIO
- By Patience Wait
- Aug 05, 2005
The Commodity Futures Trading Commission has chosen Wayne Leiss, currently chief of the federal financial systems branch in the Office of Management and Budget's Office of Federal Financial Management (OFFM), to become the commission's new chief information officer.
At OMB, Leiss has been the driving force behind developing a governmentwide financial reporting systems architecture and policy.
Leiss is scheduled to begin at CFTC Aug. 22.
'Wayne has been trying to standardize financial systems across the government [to] make sure that investments [in systems] are made in a wise and prudent manner, with the bottom line that the agencies are able to get a clean' bill of health for financial management, said Tim Vigotsky, former director of the National Business Center at the Interior Department. 'He's done just a great job at making sure that taxpayers' money is spent wisely, that systems are standardized across the government, and that there's accountability. He has done a marvelous job at all three.'
Leiss was appointed as branch chief within OFFM in January 2004. In his 24 years of government service, he also managed the modernization of administrative systems at the Office of the Comptroller of the Currency (OCC). Before that he managed the development of mission and analytical systems at OCC. His private-sector experience includes financial management consulting, starting and managing small companies, and missile systems engineering.
Leiss earned a master's of business administration at Stanford University, a master's degree in systems engineering at UCLA and a bachelor's degree in aerospace engineering at the University of Pittsburgh.
Congress created CFTC in 1974 as an independent agency with responsibility for regulating commodity futures and option markets; protecting market users and the public from fraud, manipulation and abusive practices in the industry; and promoting open, competitive and financially sound futures and option markets.