Full-Time

Senior Innovation Product Manager

Posted on 1/9/2025

The Federal Reserve System

The Federal Reserve System

1,001-5,000 employees

Central bank managing U.S. monetary policy

Fintech
Financial Services

Compensation Overview

$132.2k - $181.8kAnnually

Senior, Expert

No H1B Sponsorship

Boston, MA, USA + 1 more

More locations: Richmond, VA, USA

Hybrid remote posture; requires in-office presence.

US Citizenship Required

Category
Product Management
Product
Required Skills
Agile
Product Management
Requirements
  • Bachelor's Degree or equivalent experience/Master's Degree may be preferred with 10+ years of relevant work experience.
  • Experience with Agile methodologies required.
  • Experience with principles in functional area, including Product Management disciplines and Agile methodologies.
  • Advanced ability to translate our needs into value the product should deliver.
  • General knowledge of department/ services, Reserve Banks, or System operations, procedures, and technologies.
  • Excellent communicator that exhibits creativity, experience with compliance, and collaboration to interpret results, develop communications and recommend improvements.
  • Able to present information within all settings in a credible and influential manner.
  • Communicate in a concise, direct, and purposeful way.
  • Experience working with anticipated audiences in a service-oriented manner.
  • Responsible for understanding and applying risk management discipline in decision-making and contributing to your function's risk.
  • Works independently on broad assignments or under general directions as to scope or goals.
  • Makes decisions within established or widely accepted standards.
  • Achieve assigned/planned results by actions based on professional methods, training, business principles, and practical experience.
  • Product Manager certification preferred.
Responsibilities
  • Provide guidance and advanced-level matrixed leadership.
  • Establish strategic product roadmaps and long-term vision that support goals and deliver value to customers.
  • Articulates core value proposition of the solution, identifying individual feature benefits to support value proposition fulfillment.
  • Represent product value proposition and business viability to inform and influences senior-level support for fulfilling product vision.
  • Foster relationships with important partners and anticipates stakeholder and team needs to manage development process.
  • Maintain clear understanding of the customer, their needs and effect of the product to their business.
  • Ensure delivery of quality product(s) and demonstrate advanced expertise in market problems addressed by assigned product set, representing the voice of the customer from product vision through product roadmap.
  • Responsible for the creative process of generating, developing, and curating new ideas.
  • Work with teams through the product lifecycle, including launch through retirement.
  • Execute product leadership responsibilities to identify potential cost-saving opportunities, resolve resource constraints, and support business activities through ensuring goals and client needs are met.
  • Manage product budget and leads development of funding and pricing strategies processes, including the business case develop for investment in product creation and launch.
The Federal Reserve System

The Federal Reserve System

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The Federal Reserve System serves as the central bank of the United States, playing a crucial role in shaping the nation's economy and ensuring financial stability. It formulates national monetary policy, which involves managing interest rates and money supply to promote economic growth and control inflation. Additionally, the Federal Reserve supervises and regulates banks and bank holding companies to maintain a safe and sound banking system. It also provides essential financial services to banks and the U.S. government. What sets the Federal Reserve apart from other financial institutions is its unique position as a government entity that operates independently to achieve its economic goals. The primary goal of the Federal Reserve is to foster a healthy economy and a stable financial system, ultimately benefiting the public and the global economy.

Company Stage

N/A

Total Funding

N/A

Headquarters

null, null

Founded

1913

Simplify Jobs

Simplify's Take

What believers are saying

  • FedNow Service's expansion could improve transaction efficiency and customer satisfaction.
  • Increased focus on digital currency may enhance regulatory and innovation capabilities.
  • Basel III Endgame discussions may strengthen financial system resilience.

What critics are saying

  • Leadership changes may lead to shifts in policy direction.
  • Large bank mergers could increase scrutiny on competition and fair lending.
  • Slow adoption of FedNow by major banks may hinder its effectiveness.

What makes The Federal Reserve System unique

  • The Federal Reserve is the central bank of the United States.
  • It plays a crucial role in formulating national monetary policy.
  • The Fed supervises and regulates banks and bank holding companies.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

401(k) Retirement Plan

Paid Vacation

Paid Sick Leave

Paid Holidays

Pet Insurance

Wellness Program