Federal Reserve Bank

Product Owner/Product Owner Senior

Federal Reserve Bank$90K — $125K *
Business Services
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Associates degree with 5 years of related experience, Bachelor's degree with 3 years, or Master's degree with 0-1 years for Product Owner.
  • Associates degree with 7 years of related experience, Bachelor's degree with 5 years, or Master's degree with 3 years for Product Owner Senior.
  • Experience in preparing project plans and directing product development.
  • Strong communication and collaboration skills essential for liaising with diverse teams.
  • Familiarity with Agile methodologies, particularly Scrum and product ownership practices.

Responsibilities

  • Lead product roadmap development and manage team priorities to drive business impact.
  • Represent the voice of the customer during product definition and UI design.
  • Refine product backlog by translating business priorities into actionable user stories.
  • Coordinate product development and analyze data to assess product performance.
  • Gather and synthesize inputs from customers to create justified product requirements.
  • Collaborate with stakeholders to elicit requirements for product solutions.
  • Identify new business opportunities and prepare necessary business plans.

Benefits

  • Comprehensive health benefits and support for financial security.
  • Access to a diversity of professional development opportunities.
  • Work in a collaborative and innovative environment with a focus on customer impact.
  • Potential for a flexible work location with options in several major cities.
Full Job Description

To be considered for this role, candidates must be a U.S. citizen.

Organizational Expectations:

As a Product Owner or Product Owner Senior on the Pay.gov Product Team, you will be responsible for leading, defining and driving the product roadmap, managing priorities within cross-functional teams and making smart, data driven decisions to have the biggest business impact. You will support the organization by developing and implementing product offerings and processes to scale the business.

GeneralResponsibilities:

  • Providesleadership, as part of our product development process, representing the voice of the customer during product definition, product UI design and bug triage.
  • Refines product backlog based on business value and customer needs Translates business priorities intoactionable, clearly communicated Product Features and User Stories that articulate the ‘What’ and the ‘Why’ for technology.
  • Coordinateproduct development and collects and analyzes data to determine the effect of products in production.
  • Gathers, analyzes, and prioritizes inputs from our customers, internal customers and partners and synthesizesthem into a clear and justifiable set of product requirements that will drive the development of our product vision.
  • Collaboratewith stakeholders on requirement elicitation Develops working knowledge of software and technologies that support the products. Provides timely and accurate information and status updates to
  • functionalleaders.
  • Worksclosely with customers/agencies to identify key needs and appropriate product solutions.
  • Identifiesnew business opportunities and creates appropriate business plans.
  • Reviewsproposed new market opportunities for consideration.
  • Makesdecisions regarding product team features and trade-offs.
  • Performsother duties as assigned or requested.
  • Adheresto the Bank's attendance policies through regular and prompt attendance.

Education and Experience:

Product Owner:

  • Associates degree and 5 years of related work experience OR
  • Bachelor’s degree and 3 years of related work experience OR
  • Master’s degree and 0-1 year of related work experience

 

Product Owner Senior:

  • Associates degree and 7 years of related work experience OR
  • Bachelor’s degree and 5 years of related work experience OR
  • Master’s degree and 3 years of related work experience

 

Knowledge and Skills:

  • Experience preparing project plans
  • Directing team development of payment processing product software solution
  • Managing multiple project simultaneously with competing priorities
  • Strong communication
  • Strong collaboration
  • Building and maintaining professional relationships
  • Intellectual curiosity and critical thinking
  • Problem-solving
  • Entrepreneurial spirit with desire to continuously innovate to create enhanced business solutions
  • Excellent analytical abilities
  • Detail oriented
  • Certified Scrum Product Owner
  • Knowledge of Agile Product practices
  • Knowledge of Scrum and Agile Software Development Methodology

 

Location: Cleveland, OH, Columbus, OH, Cincinnati, OH, or Pittsburgh, PA

The expected starting salary range for the Product Owner is between ​$90,500 and $113,100 annually and for the Product Owner Senior is between $100,300 and $125,400. Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and market data.

The Cleveland Fed offers benefits to support overall health and financial security. Learn more about our benefits here: https://www.clevelandfed.org/careers

Physical Demands and General Working Conditions            

This is not necessarily an exhaustive list of all responsibilities, duties, standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, the Federal Reserve Bank of Cleveland reserves the right to revise this or any job description at any time. 

Reasonable Accommodation StatementThe Federal Reserve Bank of Cleveland is committed to ensuring that individuals with disabilities are provided with reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. To request a reasonable accommodation for any part of the employment process, please send an email to [email protected].

Bank’s Ethics Rules and Drug Testing:

As a condition of employment, Federal Reserve Bank of Cleveland employees must comply with the Bank’s ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning or controlling, directly or indirectly, any debt or equity interest in a depository institution or an affiliate of a depository institution. A "depository institution" means a bank, a trust company, or any institution that accepts deposits, including a bank chartered under the laws of a foreign country. In addition, employees (and their spouses/domestic partners, and minor children) may not own shares of mutual funds, unit investment trusts or ETFs that have a policy, as stated in the prospectus, of concentrating in the financial services industry and that have underlying investments in banks or other depository institutions.  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.

In addition, as a condition of employment, candidates must undergo a background check and will be tested for all controlled substances prohibited by federal law, to include marijuana, prior to hire and for certain safety sensitive positions during employment.  

Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels

Full Time / Part TimeFull time

Regular / TemporaryRegular

Job Exempt (Yes / No)Yes

Job CategoryProject/Product Management Family Group

Work ShiftFirst (United States of America)

About Federal Reserve Bank

Industry
Founded
1913

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