Federal Reserve Bank

FRFS Problem Management Specialist

Federal Reserve Bank$121K — $182K *
Information Technology
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree with 6+ years of relevant work experience
  • ITIL certification preferred
  • Experience troubleshooting software-based services
  • Experience with payments systems and monitoring tools
  • Strong analytical and problem-solving skills with data synthesis capabilities
  • Proven collaboration and communication skills
  • Familiarity with root cause analysis methods like Ishikawa or 5 Whys

Responsibilities

  • Track incidents and trends across FRFS products to identify root causes
  • Facilitate root cause analysis meetings and execute reports
  • Oversee problem resolutions and collaborate with cross-functional teams
  • Write and maintain knowledge articles for known errors
  • Lead proactive problem management initiatives to enhance service reliability
  • Prioritize and manage multiple problem tickets based on business impact
  • Maintain a focus on delivering a world-class customer experience

Benefits

  • Opportunities for professional growth and development
  • Dynamic work environment with collaborative teams
  • Contribution to mission-critical financial services
  • Cross-functional collaboration across various departments
Full Job Description
Company
Federal Reserve Bank of Boston

The Federal Reserve Financial Services (FRFS) is seeking a Problem Management Specialist to join our evolving enterprise-wide Service Management Organization (SMO). This role is critical in supporting and advancing the operational stability of FRFS products, including Fedwire, ACH, Check, FedLine, FedNow, FedCash, and all supporting applications. As a member of the SMO, you will help build and mature the organization’s problem management capabilities, collaborating across product lines and operational teams to identify, analyze, and resolve systemic issues.

The position will be primarily on-site with residency commutable to one of our offices required.

The Problem Management Specialist will track incidentsand trendsacross FRFS products to pinpoint opportunities for deeper investigation and root cause analysis. You willfacilitateand execute Root Cause Analysis reports andmeetings, oversee associated problem resolutions, and work with cross-functional teams to implement solutions and mitigation steps. The goal is to minimize future incidents and reduce the risk of recurrence, drawing on a broad understanding of FRFS services and the underlying technologies that support them. By partnering with teams across the enterprise, you will help shape andmaintaina world-class, end-to-end customer experience for all FRFS users. 

Position Contributions – 

As part of the SMO, you will: 

  • Maintain laser focus on delivering a world class, end-to-end customer experience across all FRFS products. 

  • Diagnose and resolve problems impacting any FRFS service or supporting application. 

  • Work multiple problem tickets simultaneously, prioritizing based on business impact and urgency. 

  • Collaborate with other groups to determine root causes and drive enterprise-wide solutions. 

  • Write and maintain knowledge articles for known errors and share best practices across the organization. 

  • Leadpro-activeproblem management initiatives to prevent future incidents and continuously improve service reliability. 

This position offers a unique opportunity to be part of a transformative initiative, helping to build and strengthen an enterprise-wide SMO that supports the Federal Reserve’s mission-critical financial services. Your work will directly contribute to operational excellence across the FRFS portfolio, enhancing the payments landscape and customer experience nationwide.

Expertise you would bring – 

  • Bachelor’s degree with 6+ years relevant work experience 

  • ITIL certification preferred 

  • Experience with troubleshooting software-based Services 

  • Experience working with payments systems (preferred) and monitoring/tracking software (such as ServiceNow, Salesforce, Dynatrace, Grafana, or similar tools within a large enterprise).  

  • Analytical and problem-solving skills with ability to gather, analyze and synthesize information 

  • Initiative toward improvingcustomer experience leveraging the scientific method

  • Strong collaboration, influencing skills, and verbal and written communication skills

  • Strongorganizational and time management skills

  • Experience with one or more methods fordeterminingroot cause such as Ishikawa, 5 Whys, FMEA, Kaizen, etc.

  • Experience or familiarity with event management

  • Experience troubleshooting both on-prem and cloud-based infrastructures

It's added value if you have- 

  • Exposure to, and experience with, developing and using automation to solve business problems  

  • Experience working with payments systems (preferred) 

  • Familiarity with ISO20022 messages 

  • Experience or familiarity with Agile, or SAFe Agile 

  • Experience with agile software tools such as Octane, Jira, VersionOne, Confluence

Salary

The salary range for this position is $121,800 - $182,600. The Boston Fed believes in salary transparency. We anticipate hiring in $140-150k range for candidates who meet most qualifications, with room for growth. The final salary and offer will be determined by the applicant’s background, skills, internal equity, and alignment with market data. Whether you’re developing into the job or are a more seasoned candidate, we aim to pay competitively. If you reside outside of the 1st District (Boston Fed), you may be hired by your local Federal Reserve District and compensation will follow hiring District's range and policy.



Full Time / Part Time
Full time


Regular / Temporary
Regular


Job Exempt (Yes / No)
Yes


Job Category
Operations Family Group


Work Shift
First (United States of America)

About Federal Reserve Bank

Industry
Founded
1913

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