Federal Reserve Bank

Federal Reserve Financial Services Sr. Product Owner

Federal Reserve Bank • $120K — $145K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in computer science, information technology, or related field, or equivalent experience.
  • 7-10 years of relevant experience in product ownership or management.
  • Strong understanding of business requirement development and analysis, including use cases and functional specifications.
  • Ability to bridge the gap between business and IT effectively.
  • Excellent written and verbal communication skills for diverse audiences.
  • Certified Product Owner in Scrum or SAFe, preferably at an advanced level, with recent JIRA experience.
  • Background in financial services with web applications in a cloud environment.

Responsibilities

  • Translate business needs into prioritized requirements through analysis and assessments.
  • Manage and prioritize the Agile team's backlog to deliver key outcomes.
  • Collaborate with architecture, engineering, and quality assurance to solve customer problems.
  • Communicate with stakeholders to gather and translate requirements into technical specifications.
  • Decompose epics/features into user stories and define acceptance criteria.
  • Monitor product-specific OKRs and manage targets with stakeholders.
  • Promote Agile practices across business and technology teams.

Benefits

  • Full-time position with regular hours.
  • Opportunity to work in a complex organizational environment.
  • Engagement in innovative product proposals and governance forums.
  • Access to continuous learning and professional development opportunities.
Full Job Description

The selected candidate will reside within a reasonable commuting distance defined by the employing Reserve Bank and will work full-time onsite.

The Product Owner is aligned with the Lead Product Owner & Business Product Management and understands the product vision, goals, and roadmap. They translate business wants and needs into a prioritized set of requirements by conducting business process analysis, needs assessments, and preliminary cost/benefits analyses to align with a robust information technology roadmap.

They manage and prioritize the team's backlog accordingly and lead their respective Agile team in delivering most important customer/stakeholder outcomes. Product Owners may also prepare functional, system and program specifications and assist in implementation of systems, as well as participate in System initiatives and/or workgroups.

Your role as Product Owner:

A successful candidate will be a leader with experience operating in complex organizations and delivering well supported solutions. The Product Owner must:
  • Continuously learn about the customer, their business needs, and contribution of the product to their desired outcomes
  • Work with the Lead Product Owner and Product Management to communicate, re-enforce the vision, goals, and product roadmap, in the form of features/stories with the Agile team.
  • Possess enough business and technical knowledge about the product to engage in team discussions.
  • Work closely with architecture, engineering, and quality assurance to ensure the right customer problem is solved.
  • Communicate with both technical and business stakeholders to understand and gather requirements and translate into technical specification when necessary.
  • Decompose and prioritize epics/features into user stories and define detailed test acceptance criteria.
  • Ensure technology-driven and risk-remediation requirements are prioritized to prevent the accumulation of technical debt and other vulnerabilities.
  • Support the team as a subject matter expert representing the business and clarify any arising questions from the agile team.
  • Support application development with enabler stories.
  • Determine if the work done to complete a story met success criteria and accepts when satisfied.
  • Assist in the analysis of defects and enhancements to determine severity and priority as well as overall validity.
  • Contribute to discussions on risks, dependencies, issues, and schedule updates as needed.
  • Ensures agreement on actions to address dependencies between broader FRFS teams
  • Present working software to stakeholders at team and system demos.
  • Prepare innovative product proposals and messaging for product forums; present to Group-level governance forums
  • Utilize data and feedback to make informed decisions and continuously improve the product.
  • Actively monitor product-specific OKRs and manage to targets with stakeholders.
  • Contribute to the elaboration and advancement of the roles and responsibilities for this position, identifying process improvements and sharing with peers.
  • Actively promote Agile behaviors within business, technology and across FRFS.


What we are looking for:
  • Bachelor's degree in computer science, information technology or any technical related field, or equivalent work experience.
  • Typically requires a minimum of 7-10 years of related experience.
  • Ability to bridge the business/IT divide in a way that establishes rapport and gains understanding.
  • Possess a strong understanding of business requirement development and analysis including use cases, functional specifications, user interface specifications, etc.
  • Effective problem solver with ability to identify challenges, brainstorm ideas and collaborate with cross functional teams to implement effective solutions.
  • Ability to work independently with minimal oversight and manage multiple deliverables simultaneously; take ownership of issue resolution and completion of high-quality deliverables.
  • Strong teamwork, leadership, critical thinking, multitasking, and time management skills in a highly matrixed organization.
  • Ability to develop deep subject matter expertise for specific products and its broader ecosystem to effectively drive enhancements, support internal stakeholders and influence broader decision making.
  • Ability to understand and resolve blockers and delivery risk quickly and without the need for escalation outside their product scope.
  • Ability to understand competing priorities across technology and business areas, clearly articulate options, and use personal influence to define the resolution across their product set and areas with payment interdependencies.
  • Excellent written and verbal communication skills, ability to articulate ideas clearly to technical and non-technical audiences.
  • Certified Product Owner in Scrum or SAFe, preferably Advanced level, and recent JIRA experience are highly desirable
  • Background in financial services industry with web applications in a cloud environment.


Full Time / Part Time
Full time

Regular / Temporary
Regular

Job Exempt (Yes / No)
Yes

Job Category
Project/Product Management Family Group

Work Shift
First (United States of America)

About Federal Reserve Bank

Industry
Founded
1913

Similar Jobs

More Jobs at Federal Reserve Bank

More Finance & Insurance Jobs

Find similar Federal Reserve Financial Services Sr. Product Owner jobs: