Federal Reserve Financial Services FinOps Engneer

Company

Federal Reserve Bank of Atlanta

Federal Reserve Financial Services (FRFS) delivers a suite of payments services to financial institutions via FedLine® Solutions, Fedwire®, National Settlement Service (NSS), FedCash®, FedACH® (Automated Clearing House), Check Services, and the FedNow® Service. In 2020, we undertook a strategic effort to transform FRFS from a product and support office framework to a national, enterprise-focused organization. The enterprise structure integrated the prior retail, wholesale, cash, and customer relations product and support offices into a new organization, which was further joined by the FedNow team in early 2024. Our North Star strategy, with the new structure, is to offer a fully integrated product suite that provides speed, resilience, and choice in meeting the payments needs of financial institutions across the United States. Through our evolved structure, we will meet the needs of the marketplace for new products and services more quickly, seek to provide a more robust and unified customer experience across our financial service offerings, and create new career growth opportunities for FRFS staff.

We are seeking leaders to set the vision, strategy, values, and priorities that enable FRFS to achieve its mission. Our leaders must demonstrate a strategic, action-oriented mindset focused on intellectual curiosity, agility, accountability, and the ability to drive innovation through experimentation. To achieve our vision for a people-focused organization with a strong collaborative and innovative culture, we expect our leaders to champion an inclusive environment and demonstrate our values in how we work and interact with each other and our broader community.

We value the diversity of our people, ideas, and experiences and are committed to building an inclusive culture that is representative of the communities we serve.

As a Federal Reserve System National Business Line, it is standard practice to post FRFS positions in all twelve Districts to provide transparency and equitable opportunities for all FRS employees to apply. Internal candidate(s) selected for this position will remain employed by their current employing District and serve as an employee of FRFS. The selected candidate’s new job title and associated pay range will be determined by the employing District and will continue to be subject to the employing District’s people policies and practices (i.e., remote/hybrid work posture, etc.).

We are a dynamic hybrid workplace environment that requires at least 2 days a week in the office.

As part of the Federal Reserve Bank, always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels.

Position Summary:  

The FinOps Engineer performs a critical role in adoption of the FinOps practice within this business line by analyzing cloud spend, identifying potential cost savings, defining follow-up activities, and increasing productivity. Responsible for driving optimization through discovery, development, and sharing of cost-saving opportunities e.g., translating financial insights into actionable recommendations.  This role will partner with key stakeholders throughout the FRFS to help understand their cloud usage patterns, identify cost drivers, and assist them in implementing strategies to enhance cost efficiency.  As a key contributor to the Cloud transformation journey, this role will be vital to bridge the gap between finance, operations, engineering, and product who will be leveraging Cloud technology. 

Key Responsibilities:

• Solve business problems through innovation, automation, and cloud engineering best practices.
• Assist the FRFS with their cloud budget and forecast, analyzing, and optimizing their cloud spend.
• Drive optimization through discovery, development, and sharing of cost-saving opportunities e.g., translating financial insights & your cloud knowledge into actionable recommendations.
• Facilitate conversations across the FRFS enterprise between finance, operations, product, and development teams to ensure everyone understands the impact of cloud costs on the organization’s bottom line.
• Work to gather business requirements, identify any capability gaps, help inform roadmaps, and implement solutions.
• Create and rollout FinOps content to assist with the rollout and adoption of FinOps to the FRFS enterprise.
• Partner with System FinOps to ensure adherence and implementation of system standards and tooling.
• Evaluate tagging standards and strategies and work to ensure proper cost allocation that will enable better visibilit