Federal Reserve Financial Services Payment Services Consultant/Expert (Level 3 Support)

Posted 2 Days Ago
Be an Early Applicant
12 Locations
In-Office
Senior level
Fintech • Payments • Financial Services
The Role
Provide Level 3 technical and testing support for Federal Reserve payment systems, develop business requirements, test plans and use cases, troubleshoot operational issues, communicate findings to leadership, and support system upgrades and product initiatives. Knowledge of Fed payment services preferred.
Summary Generated by Built In
CompanyFederal Reserve Bank of Atlanta

Federal Reserve Financial Services (FRFS) delivers a suite of payments services to financial institutions via FedLine® Solutions, Fedwire® Funds and Securities, the National Settlement Service (NSS), FedCash®1, FedACH®, Check Services, and the FedNow® Service. FRFS operates as a fully integrated organization with groups dedicated to customer experience, operations, technology, product and customer/industry management, enterprise services, payments system improvement, and one focused on the ongoing growth and development of the FedNow instant payment service. Our strategy defines our future direction, seeking to offer a fully integrated product suite that provides speed, resilience, and choice in meeting the payments needs of FRFS customers across the United States. Through our Enterprise structure, we strive to meet the needs of the marketplace for new products and services with speed and agility, seek to provide a robust and unified customer experience, and work to create career growth opportunities for FRFS staff.
The FRFS Enterprise operates with a customer-first mindset, comprised of team members seeking to do the best work of their careers in pursuit of our important central bank mission.
Onsite Work Expectation: The Bank believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person. Onsite work is an essential function of this position, and you are required to be onsite according to the schedule set by your management.

Performs technical, support, requirements development, design review and testing support for day-to-day processing as well as system upgrades and new project and product initiatives.  Individuals must have a detailed understanding of business operations and workflow of all business processing platform and associated applications systems.

  • Provides technical support for Business Operations and Product Development teams through consultative, technical and development expertise.
  • Identifies and understands the impact of potential changes to the various business application systems with regard to workflow and throughput performance (system and technical) as needed.
  • When applicable, understands and translates moderately complex system changes on operational/technical functions to promote effective integration and/or replacement of developing technological infrastructure and related platforms.
  • Able to develop effective test plans to ensure potential change(s) do not result in any internal or external customer issues.
  • Identifies strengths/weakness in existing business processing platforms and associated application systems and as needed, develops viable solutions to meet Business Operations’ needs.
  • Responsible for the development of business requirements, design review, test plan and use case development.
  • Communicates project progress, findings, and any significant issues to leadership.
  • Responds to issues or problems that arise in day-to-day projects, operations and/or during development efforts.
  • Meets with operations, product and/or technical development staff to define and investigate problems or issues and propose solutions. Verifies results of all changes and/or enhancements.
  • May lead or participate in project teams developing business requirement for future operational or application enhancements.
  • • May lead or participate in test case/script creation based on requirement and design documentation, as well as data files necessary for testing.
  • May lead or participate in testing efforts from an Operational/Business perspective for application and environmental changes. Opens and/or updates defect tickets based on testing results.
  • Knowledge Areas: FedWire Funds/Securities/NSS and ACH Functionality preferred.
  • Individual Competencies: Problem Solving, Action Oriented, Demonstrates Self-Awareness, Collaborates, and Communicates Effectively

Experience:

  • Bachelor’s Degree or 4 years equivalent experience preferred.
  • Typically requires 5 years of relevant experience. 8yrs for Expert level

Our total rewards program offers benefits that are the best fit for you at every stage of your career:

  • Comprehensive healthcare options (Medical, Dental, and Vision)
  • 401K match, and a fully funded pension plan
  • Paid vacation and holidays; flexible work environment
  • Generously subsidized public transportation
  • Education Assistance Program
  • Professional development programs, training and conferences
  • And more…

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change (e.g. emergencies, rush jobs, change in workload or technological developments).

 The Federal Reserve Bank of Atlanta is an equal opportunity employer.

Full Time / Part TimeFull time

Regular / TemporaryRegular

Job Exempt (Yes / No)Yes

Job CategoryInformation Technology Family Group

Work ShiftFirst (United States of America)

The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

Privacy Notice

Skills Required

  • Typically requires 5 years of relevant experience (8 years for Expert level).
  • Onsite work according to management-set schedule.
  • Experience developing business requirements, design review, test plans, use cases, and defect ticketing.
  • Detailed understanding of business operations, workflow, and throughput performance for payments processing platforms.
  • Provides technical/consultative support to Business Operations and Product Development teams.
  • Bachelor's degree or 4 years equivalent experience.
  • Knowledge of FedWire Funds/Securities/NSS and ACH functionality.
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The Company
Kansas City, MO
2,289 Employees

What We Do

This page is dedicated to Federal Reserve System career and employment related information only. Comments not pertaining to Fed recruiting will be removed. The Fed - Make a world of difference in the global economy OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government. OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward. Why Our People Choose Us: Our reputation precedes us There will always be room for personal growth Our people are first You’ll find the right balance Your responsibilities will be meaningful We hope that you will be our future colleague. Find your preferred locations around the United States and explore the breadth of opportunity available at the Federal Reserve. Atlanta https://www.frbatlanta.org/ Boston http://www.bostonfed.org/ Chicago https://www.chicagofed.org/ Cleveland https://www.clevelandfed.org/ Dallas http://dallasfed.org/ Kansas City https://www.kansascityfed.org/ Minneapolis https://www.minneapolisfed.org/ New York http://www.newyorkfed.org/ Philadelphia https://www.philadelphiafed.org/ Richmond https://www.richmondfed.org/ San Francisco http://www.frbsf.org/ St. Louis https://www.stlouisfed.org/ Board http://www.federalreserve.gov/

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