Federal Reserve Bank of Cleveland
Research and Innovation Owner
Federal Reserve Bank of Cleveland, New York, NY
Company
Federal Reserve Bank of New York
Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.
The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.
What we do:
The Federal Reserve Bank of New York, New York Innovation Center (NYIC) seeks a Research and Innovation Owner who brings strategy, innovation, and product expertise to solve problems that matter to all segments of society served by central banks and the financial system.
The NYIC opened in 2022 and bridges the worlds of finance, technology, and innovation. Through technical research and experimentation, our team generates insights into high-value central bank-related opportunities, enabling stakeholders and the central bank community to enhance the functioning of the global financial system. Our methodology incorporates the principles of corporate innovation, a disciplined portfolio management model and rigorous validation and experimentation of opportunities.
Housed within the New York Fed, we collaborate with the Federal Reserve System, the Bank for International Settlements (BIS) Innovation Hub, and a global network of central bank experts on innovation.
Your role as a Research and Innovation Owner:
What we are looking for:
The ideal candidate has a combination of experience related to the following:
Innovation:
Technical engineering and development
Product manager/owner
Salary Range: $150000 - $205000 / year
We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you're stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.
Our Touchstone Behaviors-Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership-help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more.
Benefits:
Our organization offers benefits that are the best fit for you at every stage of your career:
This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of "protected individual" under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.S. citizen when eligible.
The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.
The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, pregnancy, or military service.
We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at [redacted] and we'll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.
This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.
Be aware of potentially fake online job postings that claim to be from the Federal Reserve. Always verify and apply to jobs on the Federal Reserve System Careers webpage.
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.
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.
Privacy Notice
Federal Reserve Bank of New York
Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.
The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.
What we do:
The Federal Reserve Bank of New York, New York Innovation Center (NYIC) seeks a Research and Innovation Owner who brings strategy, innovation, and product expertise to solve problems that matter to all segments of society served by central banks and the financial system.
The NYIC opened in 2022 and bridges the worlds of finance, technology, and innovation. Through technical research and experimentation, our team generates insights into high-value central bank-related opportunities, enabling stakeholders and the central bank community to enhance the functioning of the global financial system. Our methodology incorporates the principles of corporate innovation, a disciplined portfolio management model and rigorous validation and experimentation of opportunities.
Housed within the New York Fed, we collaborate with the Federal Reserve System, the Bank for International Settlements (BIS) Innovation Hub, and a global network of central bank experts on innovation.
Your role as a Research and Innovation Owner:
- Working with a multidisciplinary team, this role will be responsible for scoping new projects utilizing innovation related methodologies, planning project delivery harnessing agile methodology and working with diverse stakeholders including senior stakeholders in the Federal Reserve, BIS and the private sector to originate, scope and execute projects to a high standard including drafting reports and related media assets.
- This role is an opportunity to be a key member of the NYIC team, helping to shape its work program and leading truly exciting and thought leading work.
What we are looking for:
The ideal candidate has a combination of experience related to the following:
Innovation:
- Experience with innovation related methodologies such as lean startup, design thinking and agile.
- Leading or supporting innovation driven iterative research and experimentation including knowledge across a range of emerging technologies and the FinTech domain.
- Working with cross functional teams of subject matter experts and stakeholders.
- Excellent analytical and critical thinking skills demonstrated by the ability to assimilate new information, understand complex topics, execute sound judgment, develop thoughtful conclusions and make recommendations in a timely manner.
- Strong organizational and project management skills and the ability to work well under pressure, proactively, and participate in the execution of multiple assignments.
- Demonstrated ability to work independently and creatively to problem solve and lead collaboratively to drive results and outcomes.
- Exceptional interpersonal, influencing, and customer service skills including the ability to direct the activities of staff and effectively collaborate with all levels of management within and outside the Bank.
Technical engineering and development
- Write technical RFQs, manage technical backlogs, and effectively prioritize requirements.
- Support business and development teams in designing and developing software proofs of concept, prototypes, and pilots.
- Familiarity with common developer tools, methodologies, and tech stack.
Product manager/owner
- Research, ideate and propose product solutions to address a problem in financial markets.
- Supports product requirements and feature roadmaps from concept through delivery.
- Translates business needs into well-defined user stories; prioritizes user stories to align with business goals and overall product vision; refines user stories to ensure they are development ready; ensures backlog is transparent, visible, and understood.
- Completes trade-off analysis when issues arise to manage scope creep; maintain agility while adhering to a minimally viable product.
- Excellent writing, editing, and verbal communication skills.
Salary Range: $150000 - $205000 / year
We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you're stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.
Our Touchstone Behaviors-Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership-help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more.
Benefits:
Our organization offers benefits that are the best fit for you at every stage of your career:
- Fully paid Pension plan and 401k with Generous Match
- Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)
- Subsidized Public Transportation Program
- Tuition Assistance Program
- Onsite Fitness & Wellness Center
- And more
This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of "protected individual" under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.S. citizen when eligible.
The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.
The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, pregnancy, or military service.
We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at [redacted] and we'll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.
This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.
Be aware of potentially fake online job postings that claim to be from the Federal Reserve. Always verify and apply to jobs on the Federal Reserve System Careers webpage.
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.
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.
Privacy Notice