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FedNow Product Owner

Company: Federal Reserve Bank
Location: Boston
Posted on: June 12, 2021

Job Description:

FedNow Product Owner

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.

This is a unique trailblazing opportunity to boost your career and join a talented and driven team committed to excellence and the positive transformation of our payments landscape.

Position Contributions-

Are you passionate about bringing vision to life and building great products? Is your ideal work environment a place where you can collaborate across teams and with stakeholders across the organization while managing your product backlog? If so, we have the job for you! As someone that lives at the intersection of development, design, and business, while constantly anchoring on the needs of end users and providing the highest quality product, you will collaborate with other development teams and their product owners to bring the FedNow solution to market.

What will be expected of you-

  • Support product requirements and feature roadmaps from concept through delivery
  • Gather, analyze and translate business needs into actionable, clearly defined user stories
  • Collaborate with product team members to prioritize user stories aligned with product management's overall vision and strategy for the product
  • Defining and presenting website user experience concepts, from wireframe to high fidelity mockups
  • Solve product related problems, make decisions, complete trade-off analysis to manage scope creep and stay on track towards business deliverable commitments
  • Refine backlog to ensure user stories have detailed and accurate acceptance criteria and are 'ready' for development to start
  • Serve as a subject matter expert and primary contact for your assigned domain
  • Surface and track cross-functional dependencies and schedule to reassess priorities and manage release
  • Attend, lead and / or participate in SAFe ceremonies in the role of Product Owner (Program Increment Planning, Sprint Planning, Daily Stand Up's, Product Backlog Refinement, Iteration Review, Iteration Retrospective)
  • Prioritize defect / bug resolution and manage the backlog to address product quality issues
  • Approve or reject user stories to ensure product quality
  • Provide and / or assist team with sprint demos for stakeholders
  • Collaborate with cross-functional teams (business integration, industry engagement, technology, and operations) throughout the lifecycle of the product
  • Communicate and report product-related issues and status updates to various levels of stakeholders such as SME's and executive leadership as needed
  • Work closely with Scrum Master to keep pulse on team morale and sprint performance so that team is functioning at peak performance
  • Performs other duties as assigned or requested

Expertise you would bring-

  • Experience working with subject matter experts and stakeholders to define user experience and intuitive user flow within a web application
  • Experience working with interactive wireframe tools
  • Experience with the SAFe Agile methodology
  • Experience working as a Product Owner (minimum 3 years; certification preferred)
  • Experience working with payments systems (preferred)
  • Experience working with agile software tools such as Octane (preferred), Jira, VersionOne, Trello
  • Experience with a definition of MVP (minimum viable product)
  • Experience working with geographically dispersed agile development teams
  • Experience working with cross-functional teams to deliver on a common goal
  • Ability to put a decision making framework around complex/unclear problems
  • Strong collaboration, influencing skills, and verbal and written communication skills
  • Comfortable working in a fast-paced environment
  • Organizational and time management skills
  • Attention to details
  • Active listening
  • Microsoft Office (Excel, Outlook, PowerPoint, Word, etc.)

The Federal Reserve Bank of Boston 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.

For this job, any offer of employment is contingent upon successfully passing a two-phase security screening. The first phase consists of the satisfactory completion of a physical examination (including a drug screening), reference checks, and a security investigation consisting of credit and criminal history checks.

The second phase, which might not be complete until after you begin working at the Reserve Bank, is an additional risk-based security screening determined by the risk rating of the position. Depending upon the sensitivity of the position, this phase may include, and is not limited to, work and residency eligibility verification, and personal interviews with the candidate, references, and prior employers.

All applicants must have resided in the United States for at least three (3) years.

Keywords: Federal Reserve Bank, Boston , FedNow Product Owner, Other , Boston, Massachusetts

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