CompanyFederal Reserve Bank of New York
Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.
The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.
What we do:
The Risk Group's mission is to help the Bank achieve its goals while managing risks within the Bank's risk tolerance. The Business Risk Advisory & Support (BRA&S) function aligns closely with business stakeholders as a strategic partner to proactively address and mitigate potential risks to the Bank. The Controls Assurance team ensures that key controls within the Bank are identified, designed and operating effectively to mitigate key risks.
Reporting to the Risk Group’s Chief Product Officer, the Product Owner will support and use risk management technologies to help the Bank more effectively and efficiently manage risks across the Federal Reserve Bank of New York.
The Product Owner works in close collaboration with the Chief Product Owner, Risk Functions, Business Groups, and other risk partners. Creates the roadmap for product(s) and defines its vision and priorities. Understands business and builds close relationships within it to ensure that the development squad's delivery plan is aligned with business needs and the Risk Group's strategic roadmap. Works closely within squad(s) and developers to ensure business value is achieved and user feedback is translated into new developments, when necessary.
Additionally key areas of focus include data management and analytics for risk metrics and tolerances, risk events, risk and control assessments, control testing and risk dashboard visualization.
Your role as a Risk Group Product Owner:
As a Product Owner within the Risk Group, your daily focus may shift with business needs, but you’ll be expected to demonstrate a proficiency in these key areas:
Product Strategy and Vision
- Defining and communicating a clear product vision and respective roadmaps with measurable outcomes that are aligned with strategic objectives.
- Working with technology partners to ensure integration to the Bank technology roadmap.
- Working with delivery squad(s) and technology partners to design and deliver new or complex products and capabilities.
- Designing and integrating usability studies and research into product requirements to enhance user satisfaction and experience, ensuring a customer-driven design.
Product Management
- Managing a backlog of product enhancements and ensuring continuous flow of user stories for the development team.
- Defining and maintaining a clear product roadmap, outlining key milestones, timelines, upcoming releases, prioritizing product backlogs and deliverables for the development and enhancement of Risk products
- Understands the lifecycle of a product and defines what to develop as new features, what to maintain, what to improve, and what to retire regarding their product.
Stakeholder Management
- Effectively build relationships, influence / drive decision-making, and become a trusted advisor.
- Represent the voice of customer in the Risk Group and across the Bank and advocate for their needs throughout the product lifecycle.
Agile Practices
- Partner with the technical teams including the delivery squad scrum master to enable the Agile way of working through spring planning, daily stand-ups, sprint reviews, retrospectives, and backlog refinement.
- Capable of translating all business requirements clearly to the team. This is done by translating requirements into sprint plans and working as a sounding board when making decisions on delivering the actual product.
Data Management, Analytics and Visualization
- Ability to articulate our data strategy for analytics and visualization into a roadmap and plan
- Determine appropriate milestones and manage delivery plan of Risk data strategy to integrate various data sets, partner with technical partners to ingest data, ensure quality of integration and develop visualization reporting
What are we looking for:
Strong experience as a Product Owner using Agile methodologies:
- Expert understanding of Agile methodologies, preferably Agile Certified Agile Product Owner
- Agile and DevOps methodology: backlog grooming, sprint planning
- Experience influencing and managing cross-work functional workstreams to execute projects with quality and on-time.
- Experience gathering and translating technical requirements that have clarity for Agile teams to implement
- Experience integrating systems with third-party service vendors
- Excellent consensus-building, communication, organizational, and planning skills.
Salary Range: $105000 - $160000 / year
We believe in transparency at the NY 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.
Our Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more.
Benefits:
Our organization offers benefits that are the best fit for you at every stage of your career:
-
Fully paid Pension plan and 401k with Generous Match
-
Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)
-
Subsidized Public Transportation Program
-
Tuition Assistance Program
-
Onsite Fitness & Wellness Center
-
And more
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.
The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, pregnancy, or military service.
We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at [email protected] and we’ll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.
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.
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.
Full Time / Part TimeFull time
Regular / TemporaryRegular
Job Exempt (Yes / No)Yes
Job CategoryOther
Work ShiftFirst (United States of America)
The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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
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/
