Company Federal Reserve Bank of Boston The work week for this position is Saturday thru Wednesday from 4PM-1AM.
Federal Reserve Financial Services (FRFS) delivers a suite of payments services to financial institutions via FedLine® Solutions, Fedwire® Funds and Securities, the National Settlement Service (NSS), FedCash®1, FedACH®, Check Services, and the FedNow® Service. FRFS operates as a fully integrated organization with groups dedicated to customer experience, operations, technology, product and customer/industry management, enterprise services, payments system improvement, and one focused on the ongoing growth and development of the FedNow instant payment service. Our strategy defines our future direction, seeking to offer a fully integrated product suite that provides speed, resilience, and choice in meeting the payments needs of FRFS customers across the United States.
Through our Enterprise structure, we strive to meet the needs of the marketplace for new products and services with speed and agility, seek to provide a robust and unified customer experience, and work to create career growth opportunities for FRFS staff. The FRFS Enterprise operates with a customer-first mindset, comprised of team members seeking to do the best work of their careers in pursuit of our important central bank mission.
The Federal Reserve has developed a new interbank 24x7x365 real‑time gross settlement (RTGS) service with integrated clearing functionality, called the FedNow Service. This service enables financial institutions to 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 this mission‑critical Federal Reserve initiative that is transforming the payments landscape in the United States.
This is a 2nd shift role (4pm - 1am) EST, Saturday thru Wednesday. While working on 2nd shift, remote flexibility may be allowed if approved by the local district. Residency commutable to one of our offices is required. The following Reserve Bank locations are preferred: Boston, New York, San Francisco.
We're seeking an exceptional Lead for our FedNow Operations team to provide strategic oversight and day‑to‑day leadership for the Federal Reserve's instant payment service. The ideal candidate will drive operational excellence, foster team development, and ensure service reliability while championing the Fed's values.
What will be expected of youDevelop and maintain deep expertise on the FedNow Service, staying abreast of industry trends and best practices
Facilitate high pressure troubleshooting calls with customers on Production issues
Ensure the continuous 24/7/365 seamless operation of the FedNow instant payment service
Independently identify gaps within the FedNow ecosystem and proactively propose solutions
Lead, develop, and mentor a diverse team of analysts, fostering a culture of continuous learning, innovation, and operational excellence
Collaborate with cross‑functional teams to enhance service delivery, resolve complex issues, and drive strategic initiatives
Translate strategic priorities into actionable operational plans, ensuring alignment with organizational goals
Identify and implement process improvements to enhance the efficiency and reliability of the FedNow Service
Develop and implement metrics and reporting frameworks to measure and communicate operational performance
Manage incident response for critical payment system disruptions, ensuring minimal impact on service delivery
Represent the FedNow Operations team in leadership forums and strategic initiatives, advocating for the team’s needs and contributions
Maintain a commitment to delivering a world‑class, end‑to‑end customer experience
Develop knowledge documentation, training materials, and automation ideas to improve customer experience
Demonstrate flexibility and adaptability to support organizational growth through multiple roles
Expertise You Would BringEducation and Experience: Bachelor’s degree with 10+ years of relevant work experience; or 15+ years of relevant work experienceLeadership Experience: Experience leading teams within 24*7 support operations for a large enterprise
Experience leading support operations for a cloud‑based Service (preferred)
Demonstrated ability to inspire, mentor and motivate analysts on high‑performing teams
Experience leading through ambiguity and complexity in a rapidly evolving environment
Track record of leading inclusive teams where diverse perspectives are valued
Experience fostering accountability while maintaining psychological safety
Proactively faces difficult issues and supports others who do the sameAnalytical and Problem‑Solving Skills: Strong analytical and problem‑solving skills with a demonstrated ability to quickly gather, analyze, and synthesize information
Initiative and innovation toward improving customer experience leveraging cutting edge technologyOrganizational Skills: Strong organizational and time management skills
Ability to work in a demanding environment and handle multiple competing prioritiesIt’s added value if you haveExpertise with ISO20022 messages
ITIL certification
Expertise using ServiceNow or similar tools within a large enterprise
Expertise using Application monitoring tools
Expertise within support operations spanning multiple contact channels
Expertise within support operations for a cloud‑based Servic
The Federal Reserve believes in salary transparency. The final salary and offer will be determined by the applicant’s background, skills, internal equity, and alignment with market data. Whether you’re developing into the job or are a more seasoned candidate, we aim to pay competitively. The salary range for this position is $152,300 – $228,600. If you reside outside of the 1st District (Boston Fed), you may be hired by your local Federal Reserve District and compensation will follow hiring District's range and policy.
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.
Full Time / Part Time Full time Regular / Temporary Regular Job Exempt (Yes / No) Yes Job Category Operations Family Group Work Shift Second (United States of America)
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.
Privacy Notice OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government. OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high‑performance, exchange‑driven culture forward. Why Our People Choose Us: Our reputation precedes us There will always be room for personal growth Our people are first You’ll find the right balance Your responsibilities will be meaningful We hope that you will be our future colleague.
