Senior Innovation Product Manager

Company

Federal Reserve Bank of Richmond

When you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with leading tech professionals to strengthen and protect our economic, financial and payments systems. We invest in contemporary and emerging technology each year to support the Federal Reserve and our economy, and we’re building a dynamic and diverse team for our future.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

About the Opportunity:  

Do you get excited about solving complex problems? Are you an early adopter of the latest tech and always looking for ways to use technology to improve your daily life? Do you get energized by affecting change across an organization and shipping products that deliver value? The Federal Reserve’s System Innovation Office is looking for a Product Manager who answers yes to those questions!  

  

The Federal Reserve’s System Innovation Office is a trusted strategic partner, working with both business and tech partners to find innovative ways to deliver value. We ship business and technology products with quality, enhance the productivity of our employees through digital ways of working, and allow rich data-driven insights. We are looking for a Product Manager who brings strategy, innovation, and product lifecycle expertise. You will report to the VP of System Innovation in a hybrid remote posture. 

 

What You Will Do:   

• Provide guidance and advanced-level matrixed leadership.    

• Establish strategic product roadmaps and long-term vision that support goals and deliver value to customers.   

• Articulates core value proposition of the solution, identifying individual feature benefits to support value proposition fulfillment. Represent product value proposition and business viability to inform and influences senior-level support for fulfilling product vision.    

• Foster relationships with important partners and anticipates stakeholder and team needs to manage development process. Maintain clear understanding of the customer, their needs and effect of the product to their business.  

• Ensure delivery of quality product(s) and demonstrate advanced expertise in market problems addressed by assigned product set, representing the voice of the customer from product vision through product roadmap.   

• Responsible for the creative process of generating, developing, and curating new ideas.  

• Work with teams through the product lifecycle, including launch through retirement.  

• Execute product leadership responsibilities to identify potential cost-saving opportunities, resolve resource constraints, and support business activities through ensuring goals and client needs are met.   

• Manage product budget and leads development of funding and pricing strategies processes, including the business case develop for investment in product creation and launch.  

 Qualifications:   

• Knowledge: Experience with principles in functional area, including Product Management disciplines and Agile methodologies. Advanced ability to translate our needs into value the product should deliver. General knowledge of department/ services, Reserve Banks, or System operations, procedures, and technologies.  

• Communications: Excellent communicator that exhibits creativity, experience with compliance, and collaboration to interpret results, develop communications and recommend improvements. Able to present information within all settings in a credible and influential manner. Communicate in a concise, direct, and purposeful way. Experience working with anticipated audiences in a service-oriented manner.  

• Risk Management: Responsible for understanding and applying risk management discipline in decision-making and contributing to your function's risk management.  

• Decision-making: Works independently on broad assignments or under general directions as to scope or goals. Makes decisions within established or widely accepted standards. Achieve assigned/planned results by actions based on professional methods, training, business principles, and practical experience.  

• Bachelor's Degree or equivalent experience/Master's Degree may be preferred with 10+ year