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Federal Reserve Bank FedNow Head of Engineering AVP in Boston, Massachusetts


The Federal Reserve is developing a new interbank 24x7x365 real-time gross settlement (RTGS) service with integrated clearing functionality, called the FedNow service. This service will help enable financial institutions provide their customers with the ability to send and receive payments any time, any day, and have full access to those funds within seconds. This position is a unique opportunity to be part of a new mission-critical Federal Reserve initiative that will be transformative to the payments landscape in the United States.

Position Contributions-

The Head of Engineering owns all custom engineering and design for the FedNow platform, the first new Payments rail in 40 years. Working closely with the Heads of Architecture, Quality, Operations and Security, the Head of Engineering will be responsible for ensuring that the technical deliverables that will underpin the FedNow service are world class in terms of design, performance, and quality, and leverages the technologies and solutions that will enable FedNow to deliver instant payment settlement for the next 40 years. The Head of Engineering reports to the FedNow Deputy CIO.

What will be expected of you-

You will lead and inspire a large team of engineers responsible for:
•FedNow application design and build, including user/customer-facing web apps if needed
•Deliver a robust, highly scalable, highly available solution (24/7/365)
•Integration with core systems, and third party systems
•Works with Vendors on co-deliverables as needed
•Design and code standards creation and adherence
•Automation, and optimization, including security to support DevSecOps
•Test automation approaches and tools (UI Testing, mocking etc.)
•Analytical tools (AI, ML etc.) to optimize/automate/augment testing
•All data implementation, including modelling, design and strategy
•Design and develop BI, Analytics, Big Data, Data science, ETL as needed for FedNow
•Design application user interfaces for FedNow apps
•Development and implementation of the User Experience, including UI idioms and standards and accessibility
•Partnering with product managers and business owners to deliver the product
•Identifying and implementing automation opportunities in areas such as testing, code generation, and other productivity tooling

Expertise you will bring-

•Minimum of 8-10 years professional leadership experience including at least three years at a senior level.

•A minimum of a Bachelor's degree in Engineering, Computer Science or Information Technology (masters preferred).
•Experience engineering solutions for cloud based, distributed architectures.
•Strong experience in Agile delivery, using DevOps/DevSecOps processes and tooling.
•Familiarity in delivering software products, working with Product Managers.
•Experience working with distributed teams, and providers of software solutions.
•Experience preferred but not limited to the financial services industry, payments transactions and financial products.
•Entrepreneurial approach to building new solutions with a proven track-record of delivery; significant expertise in vendor management and large-scale program management.
•Strong knowledge and experience in managing cybersecurity risk and in building resilient systems.
•Highly technical individual with a hands-on leadership orientation.
•Demonstrated learning agility that resulted in effective decision making within a complex and high-volume transaction processing environment.
•Deep understanding of Enterprise-class technologies, tools, and languages.
•Demonstrated ability to drive change, flexibly to adapt to a rapidly changing environment and generate effective and innovative solutions to address change.
•Proven record of excellent business judgment and acumen.
•Ability to be flexible and pivot to competing priorities at any given time.
•Strong oral and written communication skills that effectively reach all levels of the organization.

Logistics & Requirements-

•Travel within U.S. required – 25% of time

The Federal Reserve System is committed to a diverse and inclusive workplace and 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.

The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

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.

Organization: *Federal Reserve Bank of Boston

Title: FedNow Head of Engineering AVP

Location: MA-Boston

Requisition ID: 266920