Federal Reserve Bank

Product Owner/Product Owner Senior

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

Qualifications

  • Associate's degree with 5 years of experience or Bachelor's degree with 3 years or Master's degree with 0-1 year for Product Owner.
  • Associate's degree with 7 years of experience or Bachelor's degree with 5 years or Master's degree with 3 years for Product Owner Senior.
  • Experience in preparing project plans and directing team development of payment processing software solutions.
  • Strong communication and collaboration skills with the ability to build professional relationships.
  • Knowledge of Agile product practices, including Scrum methodology.
  • Detail-oriented with excellent analytical and problem-solving abilities.
  • Entrepreneurial spirit and intellectual curiosity to innovate business solutions.

Responsibilities

  • Lead and represent the customer voice in product definition and UI design.
  • Refine product backlog based on customer needs and business value.
  • Coordinate product development and analyze data to assess product impact.
  • Gather and prioritize product requirements from various stakeholders.
  • Collaborate with stakeholders to elicit requirements and develop product knowledge.
  • Identify key customer needs and devise suitable product solutions.
  • Explore new market opportunities and develop business plans.

Benefits

  • Support overall health and financial security with a comprehensive benefits package.
  • Regular full-time position with a commitment to work-life balance.
  • Opportunity for continuous professional growth and innovation.
  • Access to a collaborative work environment in a prestigious financial institution.
  • Location flexibility within major cities in Ohio and Pennsylvania.
Full Job Description
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.

General Responsibilities:
  • Provides leadership, 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 into actionable, clearly communicated Product Features and User Stories that articulate the 'What' and the 'Why' for technology.
  • Coordinate product 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 synthesizes them into a clear and justifiable set of product requirements that will drive the development of our product vision.
  • Collaborate with stakeholders on requirement elicitation Develops working knowledge of software and technologies that support the products. Provides timely and accurate information and status updates to
  • functional leaders.
  • Works closely with customers/agencies to identify key needs and appropriate product solutions.
  • Identifies new business opportunities and creates appropriate business plans.
  • Reviews proposed new market opportunities for consideration.
  • Makes decisions regarding product team features and trade-offs.
  • Performs other duties as assigned or requested.
  • Adheres to 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.

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

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