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 Senior Product Manager is responsible for defining the product vision, strategy and roadmap for a portfolio of products. Gathers market research and intelligence and is the expert on the customer’s needs, wants and pain points. Conducts analysis in partnership with other subject-matter experts to develop business cases and leads teams to translate concepts into new products, features or functionality to modernize products and meet customer needs. The Senior Product Manager will advise cross-functional specialists on a range of activities to bring a product or feature to market. The level of work required is advanced and the incumbent operates with substantial latitude to take action or make decisions. This job has no direct reports but must influence a broad group of stakeholders.
Your Responsibilities
- Define the strategic vision for a product portfolio based on customer needs, industry trends and the competitive landscape
- Identify opportunities for product enhancements based on research, industry intelligence and customer feedback
- Develop business cases and other presentation collateral to gain support and ensure alignment across Federal Reserve System workgroups and governance bodies
- Collaborate with product managers to set product priorities and maintain the product roadmap; acts as the point of intake for product improvements from internal stakeholders
- Writes epics for development teams and operate in scaled agile (SAFe) methodology
- Partner with internal subject-matter-experts in sales, marketing, analytics, research, user-experience design, architecture, security, development and customer support to bring products and features to market
- Sets the strategic vision and priorities for the product roadmap and leads from concept to launch
- Responsible for the achievement of revenue targets in partnership with sales and marketing. Oversees ongoing revenue management activities, including revenue trends and forecasts for products and services
Your Background
- Bachelor’s degree or equivalent experience as noted below, MBA preferred
- Ten or more years of relevant work experience
- Expert knowledge of Product Management principles and practices obtained through education, experience or certification
- Demonstrates aptitude to understand and envision relevant technology and software applications
- Strong understanding of the Securities business, customers and the Federal Reserve Bank`s product suites
- Ability to lead product strategy and initiatives cross-functionally
- Independent thinking and decision-making abilities
- Excellent writing, communication, and consultative skills and experience
Location:
- The selected candidate will reside within a reasonable commuting distance defined by employing Reserve Bank and will work full-time onsite.
- Eligible Locations for Hire: Boston, MA- New York, NY- Philadelphia, PA- Cleveland, OH- Richmond, VA- Atlanta, GA- Chicago, IL- St. Louis, MO- Minneapolis, MN- Kansas City, MO- Dallas, TX- San Francisco, CA
Additional Information
- Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.
- This position has additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take approximately two months to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well.
- As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank’s ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.
The expected starting salary range for this position in Chicago is between $151,700 and $179,400 annually in addition to potential annual performance-based discretionary bonuses. Final salary and offer will be determined based on the employing Bank and the applicant’s relevant experience, skills, internal equity, and alignment with geographic and other market data.
Full Time / Part TimeFull timeRegular / TemporaryRegularJob Exempt (Yes / No)YesJob CategoryProject/Product Management Family GroupWork 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.
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Skills Required
- Bachelor's degree or equivalent experience
- Ten or more years of relevant work experience
- Expert knowledge of product management principles and practices
- Ability to understand and envision relevant technology and software applications
- Strong understanding of the securities business, customers, and Federal Reserve Bank product suites
- Ability to lead product strategy and initiatives cross-functionally
- Independent thinking and decision-making abilities
- Excellent writing, communication, and consultative skills and experience
- MBA
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/
