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.
The selected candidate will reside within a reasonable commuting distance defined by the employing Reserve Bank and will work full-time onsite.
The Product Owner is aligned with the Lead Product Owner & Business Product Management and understands the product vision, goals, and roadmap. They translate business wants and needs into a prioritized set of requirements by conducting business process analysis, needs assessments, and preliminary cost/benefits analyses to align with a robust information technology roadmap.
They manage and prioritize the team’s backlog accordingly and lead their respective Agile team in delivering most important customer/stakeholder outcomes. Product Owners may also prepare functional, system and program specifications and assist in implementation of systems, as well as participate in System initiatives and/or workgroups.
Your role as Product Owner:
A successful candidate will be a leader with experience operating in complex organizations and delivering well supported solutions. The Product Owner must:
- Continuously learn about the customer, their business needs, and contribution of the product to their desired outcomes
- Work with the Lead Product Owner and Product Management to communicate, re-enforce the vision, goals, and product roadmap, in the form of features/stories with the Agile team.
- Possess enough business and technical knowledge about the product to engage in team discussions.
- Work closely with architecture, engineering, and quality assurance to ensure the right customer problem is solved.
- Communicate with both technical and business stakeholders to understand and gather requirements and translate into technical specification when necessary.
- Decompose and prioritize epics/features into user stories and define detailed test acceptance criteria.
- Ensure technology-driven and risk-remediation requirements are prioritized to prevent the accumulation of technical debt and other vulnerabilities.
- Support the team as a subject matter expert representing the business and clarify any arising questions from the agile team.
- Support application development with enabler stories.
- Determine if the work done to complete a story met success criteria and accepts when satisfied.
- Assist in the analysis of defects and enhancements to determine severity and priority as well as overall validity.
- Contribute to discussions on risks, dependencies, issues, and schedule updates as needed.
- Ensures agreement on actions to address dependencies between broader FRFS teams
- Present working software to stakeholders at team and system demos.
- Prepare innovative product proposals and messaging for product forums; present to Group-level governance forums
- Utilize data and feedback to make informed decisions and continuously improve the product.
- Actively monitor product-specific OKRs and manage to targets with stakeholders.
- Contribute to the elaboration and advancement of the roles and responsibilities for this position, identifying process improvements and sharing with peers.
- Actively promote Agile behaviors within business, technology and across FRFS.
What we are looking for:
- Bachelor’s degree in computer science, information technology or any technical related field, or equivalent work experience.
- Typically requires a minimum of 7-10 years of related experience.
- Ability to bridge the business/IT divide in a way that establishes rapport and gains understanding.
- Possess a strong understanding of business requirement development and analysis including use cases, functional specifications, user interface specifications, etc.
- Effective problem solver with ability to identify challenges, brainstorm ideas and collaborate with cross functional teams to implement effective solutions.
- Ability to work independently with minimal oversight and manage multiple deliverables simultaneously; take ownership of issue resolution and completion of high-quality deliverables.
- Strong teamwork, leadership, critical thinking, multitasking, and time management skills in a highly matrixed organization.
- Ability to develop deep subject matter expertise for specific products and its broader ecosystem to effectively drive enhancements, support internal stakeholders and influence broader decision making.
- Ability to understand and resolve blockers and delivery risk quickly and without the need for escalation outside their product scope.
- Ability to understand competing priorities across technology and business areas, clearly articulate options, and use personal influence to define the resolution across their product set and areas with payment interdependencies.
- Excellent written and verbal communication skills, ability to articulate ideas clearly to technical and non-technical audiences.
- Certified Product Owner in Scrum or SAFe, preferably Advanced level, and recent JIRA experience are highly desirable
- Background in financial services industry with web applications in a cloud environment.
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Skills Required
- Bachelor's degree in computer science, information technology, or a related technical field, or equivalent work experience
- 7-10 years of related experience
- Experience developing and analyzing business requirements, use cases, functional specifications, and user interface specifications
- Ability to bridge business and IT stakeholders and build rapport
- Problem-solving and cross-functional collaboration skills
- Ability to work independently, manage multiple deliverables, and own issue resolution
- Teamwork, leadership, critical thinking, multitasking, and time management skills
- Ability to develop subject matter expertise and influence product decisions
- Ability to resolve blockers and delivery risks within product scope
- Ability to manage competing priorities across technology and business areas
- Excellent written and verbal communication skills
- Certified Product Owner in Scrum or SAFe, preferably at an advanced level
- Recent JIRA experience
- Financial services industry experience with web applications in a cloud environment
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/
