Our Unique Work:
The Markets Group of the Federal Reserve Bank of New York implements monetary policy on behalf of the Federal Reserve System, executes lender of last resort operations for depository institutions in the Second District, provides payments and custody services to foreign central banks and international monetary authorities, and serves as fiscal agent for the U.S. Treasury.
The Product, Strategy & Support team collaborates with Markets leadership to support business strategy development, define the strategic vision for the Markets Group's technology products, and ensure the portfolio of initiatives aligns with and delivers value against the Group's mission and objectives. The team ensures delivered functionality meets user needs, drives adoption that maximizes benefit, and ensures reliable support throughout the product lifecycle.
The Markets Transformation program is a multi-year Markets strategic effort evolving our trading and foreign customer banking business technology to effectively support monetary policy implementation, global financial stability, and the role of the US Dollar as the global reserve currency.
The Product Analyst for Markets Transformation supports an agile product team throughout the product lifecycle—from inception through retirement—performing industry, business, and technical analysis; contributing to product strategy, roadmaps, and prioritization; defining features and quality standards; and ensuring business value is realized through continuous user feedback.
How You’ll Make an Impact as a Product Analyst:
- Work with Product Owners and delivery squads to deliver products in the Post Trade & Custody space
- Contribute to product vision and roadmaps with measurable outcomes; align with technology partners on Markets Transformation interdependencies
- Develop messaging and communication artifacts on product strategy and delivery progress for stakeholder briefings
- Define feature requirements, user stories, prioritization, and sequencing; coordinate product demos and user feedback sessions
- Bring a structured approach to framing decision points for consistent evaluation across the program and with stakeholders
- Design and execute UAT approach and scripts; provide oversight through deployment planning
- Support planning for interim states and legacy product retirement; coordinate across product owners, architecture, vendors, operations, and business users
- Drive adoption of product features; provide training, onboarding, and ongoing usage guidance
- Monitor and communicate product-specific operational KPIs; surface insights for improvement
- Promote agile behaviors and serve as a trusted advisor to Product Owners and Product Managers
The Unique Skill Sets We’re Looking For:
- Product analyst experience with exposure to product ownership in financial services, including core transactional systems
- Proven ability delivering in high-profile, complex stakeholder landscapes
- Excel – Advanced proficiency (pivot tables, formulas, data analysis)
- SQL – Able to write/interpret queries for data analysis and validation
- AI Tools – Practical use of AI to improve efficiency and outcomes
- Agile Business Analysis – Skilled at gathering requirements and documenting business processes within Agile frameworks
- Cross-Functional Communication – Able to bridge requirements discussions between technical product squads and business stakeholders
- UAT – Experience planning, coordinating, and executing user acceptance testing
- Problem Solving – Strong analytical and critical thinking to identify root causes and recommend solutions
Other Things to Know:
Salary Range: $80000 - $110000 / year
We believe in transparency at the New York Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.
How We’ll Support You:
Our programs and benefits are designed to support you through all your life stages:
- Learning & Growing: Educational assistance, career development tools, and stretch opportunities
- Supporting Your Family: Parental leave, adoption assistance, back-up dependent and elder care, college planning resources, and more
- Managing Your Health: Comprehensive insurance plans, leave policies, onsite Health & Wellness Center, and onsite Fitness Center
- Optimizing Your Finances: Pension plan, 401(k) with generous match, financial planning resources, and subsidized public transportation program
Our Culture is deeply grounded in our Touchstone Behaviors— By working with us, you’ll have the opportunity to develop and demonstrate your ability to Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership. These competencies shape our culture here at the Bank. They also provide a shared language for how we work together and achieve success and set clear expectations for leading with impact at every stage of your career. Learn more.
Apply now if you’re ready to join us in strengthening the U.S. economy together. Want to consider our other opportunities? Click here to see all our open roles.
The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.
We value accessibility for all candidates and are happy to discuss an accommodation or assistance. Visit our careers page for more information about requesting an accommodation during the recruiting process.
This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.S. citizen when eligible.
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.
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.
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Skills Required
- Product analyst experience with exposure to product ownership in financial services, including core transactional systems
- Experience delivering in high-profile, complex stakeholder environments
- Advanced Microsoft Excel proficiency, including pivot tables, formulas, and data analysis
- Ability to write and interpret SQL queries for data analysis and validation
- Practical use of AI tools to improve efficiency and outcomes
- Agile business analysis experience gathering requirements and documenting business processes
- Ability to bridge requirements discussions between technical product squads and business stakeholders
- Experience planning, coordinating, and executing user acceptance testing
- Strong analytical and critical-thinking skills for identifying root causes and recommending solutions
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/
