What are the responsibilities and job description for the FRFS Product Owner position at Federal Reserve Bank of Kansas City?
Company
Federal Reserve Bank of Kansas City
Federal Reserve Financial Services (FRFS) delivers a suite of payments services to financial institutions via FedLine Solutions, Fedwire Funds and Securities, the National Settlement Service (NSS), FedCash1, FedACH, Check Services, and the FedNow Service. FRFS operates as a fully integrated organization with groups dedicated to operations, technology, product and industry engagement, enterprise services, and one focused on the ongoing growth and development of the FedNow instant payment service. Our strategy defines our future direction, seeking 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 Enterprise structure, we strive to meet the needs of the marketplace for new products and services with speed and agility, seek to provide a robust and unified customer experience, and work to create career growth opportunities for FRFS staff.
We seek 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.
Important Information
Open to US Citizens, Green Card holders or Permanent Residents with at least 3 years of residency.
No F-1 or H-1B sponsorship is available. Candidates must have valid work authorization, without an end date.
This is a hybrid role and requires a minimum on-site requirement.
About the Role
Product Owners (POs) are organizationally aligned with business lines supporting Product Management and are members of the technology solution delivery teams. Product owners focus on business-based product delivery associated with Federal Reserve System technology service products and solutions. Engaged from strategic business planning to tactical product delivery. Responsibilities involve implementation of product and service solutions through business engagement, knowledge of business needs and perspectives, active decision-making, and technology delivery knowledge. Relationship management will extend to stakeholders and customers throughout the Federal Reserve System, as well as internally with senior leadership, information technology teams, and other internal / external partners.
Key Activities
Work with business sponsors / stakeholders and IT staff to implement and manage the product life cycle. Specifically : o Responsible for ownership and prioritization of the technology solution delivery teams' backlog(s).
Ensures that business requirements and technical documentation are aligned with the business inputs by writing and / or approving business rules, user stories, integration dependencies, etc.
Plays a significant role in quality control as the only team member empowered to accept stories as done.
Advocates for business needs by applying a deep understanding of business processes, goals, and problems.
Ensures product vision is communicated to the technology delivery teams.
Accountable for attesting that the delivered outputs align with business requirements.
Performs most work independently with general supervision and direction from the product manager, sponsor, and / or stakeholder.
Consults with management in decision-making.
Assignments are typically of lower priority, involving low to moderately complex work and analysis.
Typically manage one product.
Establish credibility and trust within the team and with business stakeholders.
Qualifications
Relevant bachelor's degree from an accredited college or university, or equivalent combination of directly related education and / or experience.
Typically requires three years of experience in a combination of technology product management, or software development, and business line industry knowledge.
Knowledge of applicable software development life cycle methodologies (e.g. Agile SCRUM).
CSPO certification is preferred.
Intermediate understanding of technology delivery and product management.
Intermediate understanding of the business line industry.
Demonstrated leadership skills, including in a matrixed project team model.
Additional Information
Location
Hybrid, on-site requirement will be determined by hiring district.
The selected candidate's 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.).
Eligible districts for Hire : Boston, MA- New York, NY- Philadelphia, PA- Cleveland, OH- Richmond, VA- Atlanta, GA- Chicago, IL- St. Louis, MO- Minneapolis, MN- Kansas City, MO- Dallas, TX- San Francisco, CA
Screening : US Citizens or Green Card holders and Permanent Residents with at least 3 years of residency. This position has additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take up to a couple of months to be completed. You can begin work before the screening is completed; however, continued employment is contingent on acceptable screening results. The areas screened may include education / employment verification, criminal history, credit history, and reference checks.
Sponsorship : The Federal Reserve Bank of Kansas City will not sponsor a new applicant for employment authorization for this position . Applicants must be currently authorized to work in the United States without an end date and without the need for visa sponsorship now or in the future.
About the FRB KC
Total Rewards & Benefits
Diversity, Equity & Inclusion
Who We Are
What We Do
Follow us on LinkedIn , Instagram, X (formerly Twitter) , and YouTube
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Job Category
Other
Work Shift
First (United States of America)
The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
Always verify and apply to jobs on Federal Reserve System Careers ( https : / / rb.wd5.myworkdayjobs.com / FRS ) or through verified Federal Reserve Bank social media channels.
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