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Federal Reserve Bank FedNow Senior Business Project Manager, 18 month Term role-Benefits Eligible in Boston, Massachusetts

/*FedNow Senior Business Project Manager - 18 Month Term, Benefits Eligible */


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 Overview

As a member of the FedNow Program Management Office (PMO), the selected candidate will be responsible for working at the direction of the PMO Officer managing Business and Policy workstreams (projects), supporting the definition, development, and execution of activities critical to the success of the FedNow program. These projects, some of which may span months or years, will require the successful candidate to have good working knowledge in one or more of the following disciplines:

  • Financial Services and Payments
  • Application Integration
  • Testing Strategy Development and Management
  • Business Operations and Resilience

The success of the Sr Project Manager will be measured by his /her ability to effectively collaborate with other project managers in the FedNow PMO, program stakeholders in the business and support areas, and stakeholders and strategic partners in the Federal Reserve System and vendor organizations, to ensure effective communications, and identify critical dependencies, risks, and issues that affect the FedNow program. The Sr Project Manager is responsible for leading and managing a team comprised of diverse organizations and disciplines to successfully deliver upon project scope and schedule.

Key Responsibilities

  • Develop and robustly manage project plans, risk registers, actions, scope charter and resourcing needs. Identify critical path items, mitigation strategies and alternative approaches that align with the vision of the FedNow effort
  • Identify and pro-actively monitor cross project dependencies, critical path, and risks
  • Manage and coordinate project resources in a matrixed environment
  • Develop and maintain relationships within the project and create a collaborative work environment

Knowledge, Skills and Experience Required

  • 5 - 10 years’ experience working with MS Project, MS Project Online required, experience with Sharepoint and Excel optional
  • Proven success in executing full life-cycle large, complex, multi-year projects
  • Experience delivering projects in an Agile scrum model; experience with Scaled Agile Framework preferred
  • Comfortable working in a virtual environment
  • Excellent organizational, multi-tasking, and time-management skills
  • Collaborative team player, capable of working well with others, but also autonomously with little direction
  • Comfortable facilitating discussions with large groups
  • Effective communication skills across a broad audience

/The Federal Reserve Bank of Boston 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. // /

/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./

Organization: *Federal Reserve Bank of Boston

Title: *FedNow Senior Business Project Manager, 18 month Term role-Benefits Eligible *

Location: MA-Boston

Requisition ID: 267766