Company
Federal Reserve Bank of Boston
Product Management Senior Analyst
FedNowSM
The Federal Reserve is developing a new interbank 24x7x365 real-time gross settlement (RTGS) service with integrated clearing functionality, called the FedNow service. This service will help enable financial institutions provide their customers with the ability to send and receive payments any time, any day, and have full access to those funds within seconds. This position is a unique opportunity to be part of a new mission-critical Federal Reserve initiative that will be transformative to the payments landscape in the United States.
Position Contributions-
The product management analyst/senior analyst is responsible for supporting the end-to-end product management life cycle for the FedNow service and will be a subject matter expert on features and functionality of the service. The product analyst will contribute to analysis, modeling, documentation, and decision-making for product and pricing initiatives. The product analyst will also work closely with the project management office to ensure project standards are met.
What will be expected of you-

• Develop, analyze, document, and trace detailed functional requirements and use cases/scenarios
• Ensure internal technology, vendors, testing teams, and operations understand functional requirements
• Create internal and external system documentation
• Ensure that developed product meets all requirements by participating in the development of test cases and scripts
• Become a subject matter expert on the functionality and operation of the system and educate internal and external users
• Support project management and internal/external communication initiatives

Expertise you will bring-

• Banking and payments experience, especially knowledge of ACH, FEDWIRE or CHIPS payments processing and formats, and clearing and settlement is strongly preferred
• Expertise in ISO20022 message standards, work flow management, payment fraud monitoring, customer/industry directories, or data warehouse design desired
• Strong writing skills and ability to synthesize complex information
• Ability to effectively work remotely and across teams

It's added value if you have-

• Bachelor's degree and at least 4 years in financial services or analytics
• Strong analytical and problem-solving skills with demonstrated ability to quickly gather, analyze and synthesize information
• Strong written and verbal communication skills, with ability to express ideas in a clear, concise and compelling manner and tailor communications for different audiences
• Detail-oriented and capable self-starter with the ability to explore innovative ways to perform tasks in an efficient and timely manner as an individual and in a team environment
• Excellent relationship management and collaboration skills including the ability to influence and build consensus across teams; demonstrated experience delivering successful outcomes on projects involving multiple stakeholders with differing / diverging interests highly desired
• Ability to work independently to proactively identify product opportunities that arise related to business trends and market developments
• Strong project management skills to include organization, planning, and execution with the ability to manage various tasks simultaneously and work under tight deadlines with conflicting priorities, while providing high quality products

Logistics & Requirements

• May include remote working arrangements and some required travel, which will vary during project phases.

The Federal Reserve System is committed to a diverse and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service
All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Supervisory/Management
Work Shift
First (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.
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