Product Owner

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

New York, NY, USA
Posted on Thursday, June 6, 2024


Federal Reserve Bank of New YorkWorking 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 Data and Statistics Function (D&S) of Research and Statistics Group (RSG) takes in regulatory reports and other data filings, including economic surveys made by banks, financial institutions and other corporations and analyzes these reports to be sure the information in them is correct. We ensure the information that is reported by the institutions matches the Bank’s request and the actual numbers submitted by these institutions are deemed "fit for use", i.e., the data set is complete and the data quality is appropriate for its intended purpose. Once those processes are complete, we pass the data on to the end-users, which includes Monetary Affairs, Markets, Supervision, Research and Treasury. Processing data of this complexity and scale requires sophisticated technology capabilities, that are adaptive to changes in the market and regulation. D&S Product Owners manage SDLC of these products from initiation to retirement.

The Data and Statistics Product Team is responsible for collaborating with our business counterparts and stakeholders on Technology solutions that advance the Function Mission and Objectives. The Enterprise Collections Platform (ECP) Vision is to enable the delivery of actionable insights to our stakeholders through the collection, analytics and dissemination of timely, fit-for-use data.

Your role as a Product Owner – Enterprise Collections Platform:

Product Strategy and Vision

  • Defines and communicates clear product vision and roadmaps with measurable outcomes that are aligned with business objectives. Works with technology partners to ensure integration to the Bank technology roadmap. Drives alignment with product and business interdependencies in the Bank.

  • Designs and integrates usability studies and research into product requirements to enhance user satisfaction; ensures customer driven design.

  • Works within delivery squad/s to design and deliver new or complex products and capabilities.

Product Management

  • Define and prioritize product requirements based on customer and Bank needs, trends and business objectives.

  • Manage the backlog and ensure continuous flow of user stories for the development team.

  • Partner with support teams when required and orchestrate change management and communications efforts to facilitate business and customer rollout and adoption of new capabilities.

Stakeholder Management

  • Effectively communicate Product plans, roadmaps, and progress to internal stakeholders and leadership.

  • Represent the voice of the customer and advocate for their needs throughout the product lifecycle.

Agile Practices

  • Partner with Scrum Master and technical teams to participate in agile ceremonies (standups, sprint demos, retrospectives, sprint planning, backlog refinement).

  • Continually improve processes and tool to enhance team productivity and product quality.

  • Promotes agile behaviors within business areas to accelerate the transition to the new operating model.

What we are looking for:

  • Product leadership experience in data collection and data management, data quality and analytics and business process management in customer-facing products and services.

  • Subject matter expertise in data management and data analytics including experience with applicable self-service data analytics and business rules tools.

  • Proven track record of successfully delivering complex software products and solutions.

  • Experience working in an Agile delivery model, preferably Certified Product Owner.

  • Strong communication and presentation skills

  • Ability to prioritize and make decisions in a fast-paced environment

Salary Range: $144200 - $190700 / 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.


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 ny.leaves@ny.frb.org 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.

Full Time / Part Time

Full time

Regular / Temporary


Job Exempt (Yes / No)


Job Category


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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