Product Manager, Senior Manager

Position Contributions

• The Product StrategySenior Managerwill have the opportunity todriveinnovation and shape the future of payments in the US by helping to formulate a vision and strategy for future value-add products and defining the customer and ecosystem value proposition.

• The Product StrategySenior Managerwill be a subject matter expert on features and functionality ofpayments broadly and theFedNowservicespecificallyand willbe responsible foroverseeing the analysis and strategy of a subset of current and future roadmap features.

• The Product StrategySenior Managerwill need to understand the instant payments ecosystem key players competitive landscape and product strategy to make new feature recommendations for theFedNowService.

• The Product StrategySenior Managershould be a thought leader and have an educated perspective on multiple payment-adjacent topics for example stablecoins tokenized deposits cryptofinance QR Codes digital wallets and/oragentic payments.

• This role will work closely with partners such as product delivery credit risk legal risk Board of Governors marketing program managementoperationsand technology to bring to market new capabilities and solution enhancements that are aligned with Federal Reserveobjectives industry needs and business goals.

• The Product StrategySenior Manageris a people leader with skills and a passion for delivering high-quality products. You will manage and lead a team by continuouslyiteratingideas and defining our value proposition.
  

Whatyoullbe doing

• As a ProductSenior Manageryoullhelp bringFedNowsvision for instant payments to life: making us the method of choice for Financial Institutions Billers andFintechs.

• Help drive product features from ideation to launch collaborating with designers engineers and cross-functional partners such assales andlegal.

• Evaluate product/market fit in new markets or verticals by analyzing customer pain points alternatives and willingness to pay.

• Develop a deep understanding of our users needs operational landscape and competitive environment acrosspaymentsmarkets.

• Product Strategy and Discovery: Assist in development of a multi-yearFedNowproduct roadmap to ensure our services truly meet customer needs stay ahead of emerging trends and deliver business value. Lead andoverseespecificproduct discovery analysis byidentifyinga business case assessing the risks and delivering a recommendation.Identifythe business impact of solutions to inform decision making and prioritization.

• Team culture and collaboration: Be an active contributor to the teams collaborative and inclusive culture. Ensure clear and transparent communication with team members and partners.

What will be expected of you

• Strategic thinking:Establishthe vision overseeing analysis of customer trends understanding industry needs andidentifyingopportunities to enhance theFedNowService. Take ownership and drive initiatives from concept through implementation.

• Collaboration & adaptability: Be a strong and collaborative team player with the ability to effectively partner with cross functional stakeholders across the organization. Be flexible and quick to adapt tonew information market shifts and evolving business priorities. Explore innovative ways to have the team deliver efficiently.

• Focus on the customer: Be a strong advocate for financial institutions and service providers by understanding their challenges and needs through industry engagement.

• People Leader: Inspireenableand empower your team to bring innovative ideas and solutions forward. Prioritize negotiate and champion strategic initiatives and recommendations.

• Execution and delivery: Oversee the execution of strategic priorities ensuringtimelydelivery of product discovery analysis and product proposals. Lead product discovery of potential new capabilities by defining the customer problem conduct market analysis assess opportunities and risks and present a recommendation.

• Communication: Exceptional communication skills and at ease presenting to leadership teams.

• Significant travel may be.

Expertiseyou would bring

• 7 years of hands-on product management analyticsandstrategy experience ideallyin fintech payments crypto or digital banking

• 3 years of experience managing peopleand/orcross-functional product teams

• Experience integrating APIs managing developer platforms or building ecosystem-driven products.

• Proven experience in and passion for ideatingbuildingand implementing financial related products

• Knowledge of the instant payment landscape and related payments policy; financial industry operational and payment system requirements and market practices

• Ability to adjust to evolving business priorities

• Proactive and intentional learner willing to quickly understand new systems and methods

• Ability to think strategically problem-solve and clearly communicate complex ideas to stakeholders

• Proven ability to lead a team and deliver results across cross-functional stakeholders

• Courage and ability to think differently and appropriately push for meaningful and impactful change; storyteller that can get others to buy-in tonew ideaswhile clearly communicating the why

• Strong analytical and problem-solving skills; ability to use data and metrics to back up assumptions and evaluate outcomes; ability to quickly gather analyze and synthesize complex information
  Superior written and verbal communication skills with ability to express ideas in a clearconciseand
  compelling manner and tailor communications for different audiences

• Bachelors degree in finance business administration public policy economics marketing or related field or a combination ofcommensurateeducation and experience; MBA/MA preferred

The Federal Reserve believes in salary transparency. The final salary and offer will be determined by the applicants background skills internal equity and alignment with market data. Whether youre developing into the job or are a more seasoned candidate we aim to pay competitively. The salary range for this position is $170200 - $212800 - $255400.

The Federal Reserve Bank of Boston is committed to provide equal employment opportunities to all persons without regard to race color religion national origin sex sexual orientation gender identity age genetic information disability or military service.

All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.

For this job any offer of employment is contingent upon successfully passing a two-phase security screening. The first phase consists of the satisfactory completion of a physical examination (including a drug screening) reference checks and a security investigation consisting of credit and criminal history checks.

The second phase which might not be complete until after you begin working at the Reserve Bank is an additional risk-based security screening determined by the risk rating of the position. Depending upon the sensitivity of the position this phase may include and is not limited to work and residency eligibility verification and personal interviews with the candidate references and prior employers.

All applicants must have resided in the United States for at least three (3) years.