FedNow Product Analyst

Company
Federal Reserve Bank of Boston
Federal Reserve Financial Services (FRFS) delivers a suite of payments services to financial institutions via FedLine® Solutions, FedNowSM, Fedwire®, National Settlement Service (NSS), FedCash®, FedACH® (Automated Clearing House), and Check Services. We are currently leading a strategic effort to transform FRFS to a national, enterprise-focused organization. Through our evolved structure, we will meet the needs of the marketplace for new products and services more quickly, seek to provide a more robust and unified customer experience across our financial service offerings, and create new career growth opportunities for FRFS staff. The Federal Reserve has developed a new interbank 24x7x365 real-time gross settlement (RTGS) platform with integrated clearing functionality, called the FedNow Service. This service enables financial institutions to 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 this mission-critical Federal Reserve initiative that is transforming 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. This role will be part of the FedNow Product Business Development team, with the opportunity for growth, upward mobility, and a fulfilling career.
Candidates that live near one of our Reserve Bank locations will be provided some work from home flexibility. Rules for hybrid work arrangements differs from Bank to Bank and should be discussed during the interview process.
Under supervisory oversight, your role as a FedNow Product Analyst:

• Provide actionable insights through comprehensive market research and financial modeling to inform senior management
• Work cross-functionally to support the execution of the go-to-market communication plan for new product features
• The FedNow Product Analyst may perform critical activities in support of the following:
• Business case development and industry research to ensure our services truly meet customer needs, stay ahead of emerging trends, and deliver business value
• Pricing analysis, both short-term and long-term
• External industry engagements, such as speeches, presentations, townhalls, and panels
• External-facing written communications, including key messages, press releases, blogs, media drops, marketing campaigns, and customer-facing materials
• Maintenance of FedNow internal training materials, public-facing documentation, and existing web content
• Product roadmap intake process, including analysis of tools to streamline the process, and maintain FedNow backlog
• Maintain relationships with internal and external stakeholders
• Coordination of various content for leadership review
• Special projects as assigned

Knowledge and Experience:

• Knowledge and experience normally acquired through the completion of a Bachelor's degree and a minimum 3 years of job-related experience, or equivalence
• Possesses strong analytical skills and working knowledge of the principles of business case development/analytics gleaned through academic coursework or experience
• Eagerness to contribute to a team-oriented environment
• Ability to work creatively and strategically
• Demonstrable problem-solving, resourcefulness, and a willingness to bring fresh ideas
• Effective verbal and written communications skills, including presentation capabilities
• Strong organizational skills and ability to manage multiple priorities and/or projects in a fast-paced, environment
• Self-starter with good problem-solving skills, curious-minded, and comfortable asking questions
• Strong time-management, attention to detail and project management skills
• Developing business acumen with strong interpersonal skills
• Knowledge of the payment landscape a plus

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.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
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.
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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