Product Owner-Sr - Federal Reserve Bank (FRB)

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

The Cloud Solutions & Services (CSS) division is seeking a Product Owner who is passionate about enabling customers to learn about emerging technologies and platforms. The Federal Reserve System's Innovation Launchpad is the destination for users with any level of skill to learn and explore potential capabilities with emerging technologies, ranging from cloud platforms, Robotic Process Automation (RPA) and Artificial Intelligence & Machine Learning (AI & ML) to Quantum Computing in an environment that is simple, scalable, and secure. This specific role will help drive increased adoption of the Innovation Launchpad and help bring new capabilities and offerings to this service as business and customer needs arise. A strong understanding of Cloud Technologies, Cloud Service Providers, Generative AI, and UX are critical skills to this position. This position is an individual contributor role working with a Product Manager and the larger Innovation Launchpad team.

The Product Owner is a member of the team responsible for defining and prioritizing a team’s backlog while ensuring translation of the Product Manager’s vision and outcomes into stories. The Product Owner has a significant role in quality and directs members of the team in completing the worked defined in the sprint. Works closely with business stakeholders, product managers, and technical teams to understand, analyze, refine, prioritize, and communicate needs to ensure full understanding of product scope, objectives, and requirements. Develops and adapts the product vision and is empowered to “accept” completed stories.

What You Will Do:

The candidate in this role will work with a matrixed team of executive leadership, product management, engineers, and analysts to ensure that new and existing technologies are available in the Innovation Launchpad for Federal Reserve users to experiment and consume in the most convenient ways possible. In addition, close alignment and partnership with our Hosting Enablement Agile Release Train, Innovation Office and customers is required to facilitate the alignment of requirements externally with work we are doing internally to mature and scale the Innovation Launchpad.

• Articulates the vision to delivery team, outlining and prioritizing work based on business value.
• Coordinates implementation of products and service solutions and enhancements
• Prioritizes product backlog based on overall strategy and business objectives and works with the Scrum Master to drive sprint and release plans.
• Builds and maintains strong relationships with stakeholders by assessing, evaluating, and fully understanding the business and product needs and requirements.
• Work with vendors to ensure platform availability and discuss new offerings/capabilities.
• Primary liaison between stakeholders and teams to ensure full understanding of product scope, objectives, requirements, and dependencies.
• Key participant in retrospectives to continually improve team processes. 
• Advocate for, and act as an evangelist for experimentation and learning using the Innovation Launchpad across the FRB system. 
• Perform other duties as assigned.

Qualifications:

• 5+ years of Product Management or relevant work experience
• Bachelor’s degree in Management, Computer Science, Information Systems, or other related field or equivalent work experience. 
• Strong oral and written communication skills to work with leadership, product teams, and customers. 
• Highly organized and detail-oriented, with excellent, demonstrated product management skills; outcome and goal oriented. 
• Ability to keep up to date with trends in emerging product, services, and technology.
• The ability to travel once a quarter for critical, in-person meetings. 

Preferred Skills:

• Advanced expertise in development and use of product roadmaps and helping to implement product strategy. 
• Knowledge of and ability to lead within an Agile environment.
• Knowledge of AWS, Azure or GCP. 
• Ability to effectively align day-to-day activities and processes of the team with high priority objectives and ongoing commitments. 
• Certification in Agile/SAFe frameworks preferred. 

Discover the Reason Why So Many People Love It Here!

When you join the Richmond Fed, not only will you find a challenging and purposeful career, you’ll also have access to a wide range of benefits and perks that support your health and wealth, including:

• Great medical benefits
• Pension and 401(k) with employer match
• Paid time off
• Tuition reimbursement
• Employee resource networks
• Paid volunteer leave
• Flexible work options
• Onsite amenities that make working here fun!

Other Requirements and Considerations:

• Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.
• If you need assistance or an accommodation due to a disability, please notify rich.recruitment@rich.frb.org.
• Employees who work at and/or visit another Federal Reserve entity or outside business as part of their job duties are required to comply with any onsite safety and health protocols of those organizations (including, but not limited to, requirements to vaccinate or test, mask, social distance, etc.).
• Key Point Mod: Sponsorship is not available for this role. The selected candidate will be subject to a government security investigation and must meet eligibility requirements for access to classified information. Eligibility for this specific position requires U.S. Citizenship or three or more years of Permanent Resident (Green Card) status.
• The hiring range is $101,300 – $139,260 annually.
• For candidates outside Richmond, VA, listed hiring and salary ranges may be adjusted based on your geographic location.
• Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications.
• Applications are reviewed on a rolling basis. Interested candidates are strongly encouraged to apply by March 25, 2024.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

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.

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