Markets Transformation - Lead Product Owner

Company

Federal Reserve Bank of New York

Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.  

The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance. 

What we do: 

The Federal Reserve Bank of NY’s (FRBNY) Markets Group mission is to implement market operations, monitor and analyze global financial market developments, execute lender of last resort operations for the Second district and collateral valuation services to the Federal Reserve System (FRS), provide infrastructure and financial services for foreign and international monetary authorities, and to provide capital market-related fiscal agency services to the U.S. Treasury.

The Product, Strategy & Support team is responsible for collaborating with Markets leadership to support the development of business strategy, define the strategic vision for the Market Group’s technology Products and for ensuring the portfolio of initiatives aligns with and provides value to the Group’s mission and objectives. The team further ensures the delivery of functionality fully meets the needs of the users, the adoption and ongoing use of products and services maximizes benefit, and the requisite support activities is reliable throughout the full product lifecycle.

The Markets Transformation program vision is to evolve our trading and foreign customer banking businesses technology to effectively support monetary policy implementation, global financial stability, and the role of the US Dollar as the global reserve currency.

Your role as Markets Transformation - Lead Product Owner:

• Recognized master in product management discipline; establishes operational plans for job area and implements strategic goals

• Maintain and manage product strategy within a product area for the Markets Transformation program

• Establish vision, objectives, conceptual designs, and roadmap with measurable outcomes for interim states, including identifying and scoping dependencies

• Manages large complex product initiatives of strategic importance to the Bank, involving large cross-functional teams

• Provides measurable input into new products, processes, standards, and/or operational plans that have an impact on the achievement of overall function results

• Consistently apply user-centric approach to design, planning, and implementation, and contribute to business process redesign and business adoption activities required to support full adoption of interim and target states

• Work within delivery squad to deliver new product, including definition of feature requirements, prioritization and sequencing, coordination of product demos and user feedback sessions, and rollout to management

• Contribute to regular executive updates and support structured process for framing decision points for consistent evaluation within Markets Transformation program team

What we are looking for:

• Requires mastery-level knowledge of product management with prior experience in financial services

• Extensive experience working in an agile delivery model in financial services for product undergoing transformation

• Strong product experience working within complex stakeholder landscapes

• Superior communication skills to facilitate conceptual problem-solving and senior stakeholder alignment

Salary Range: $225000-$260000 / year  

We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.  

  

Our Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide