Product Owner/Product Owner Senior/Product Owner Advanced

Company Federal Reserve Bank of ClevelandThe Federal Reserve Bank of Cleveland’s mission is to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payment systems while representing the Fourth District perspectives.

As part of the nation’s central bank, we are a team of mission-driven professionals who are committed to serving with excellence. Our core values are: Build Trust Every Day, Own Our Actions, Collaborate with Intention, and Be Open to Change.

For twenty-six years in a row, we’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.

Follow us on LinkedIn, Twitter, Instagram, and our YouTube channel – Cleveland Fed

To be considered for this role, candidates must be a U.S. citizen.

Organizational Expectations:

As a Product Owner or Product Owner Senior on the Pay.gov Product Team, you will be responsible for leading, defining and driving the product roadmap, managing priorities within cross-functional teams and making smart, data driven decisions to have the biggest business impact. You will support the organization by developing and implementing product offerings and processes to scale the business.

General Responsibilities :

• Works independently, with guidance only in the most complex situations, to make sound decisions. Typically works outside of standard procedures. Exercises considerable latitude when determining the technical objectives of assignments.

• Provides product leadership role for multiple or large-scale business lines or teams.

• Drives the implementation of new product offerings through clear communication, cross functional collaboration, agile delivery and project management.

• Leads the delivery of features and products that align with business strategy and vision and maximizes customer value.

• Represents the voice of the customer in various contexts.

• Gathers requirements, creates and refines epics, features and/or user stories and maintains, communicates and prioritizes the product backlog.

• Prioritizes delivery impediments, product quality issues, and addresses risks.

• Develop and maintain the product roadmap.

• Displays a subject matter expert level of understanding of product line and functionality within business where used.

• Displays an expert level working knowledge of software and technologies that support the products.

• Follow standards for Agile processes and seek opportunities to improve existing processes and partner across teams to establish new processes.

• Evaluate priorities and resources to identify where gaps exist and elevate those for resolution.

• Proactively build relationships with stakeholders to better understand needs and identify new opportunities to provide value.

• Actively participate in PI Planning/Release activities.

• Provides leadership in representing product lines at internal Bank and external forums, including System and non-FRB stakeholders.

• Serves as a subject matter expert to other Product Owners, defining and sharing best practices.

• In the absence of a Product Manager, fulfills duties such as strategic vision, product line growth, and expansion of enterprise application adoption. Performs other duties as assigned or requested.

Education and Experience :

Product Owner :

• Associates degree and 5 years of related work experience OR

• Bachelor’s degree and 3 years of related work experience OR

• Master’s degree and 0-1 year of related work experience

Product Owner Senior :

• Associates degree and 7 years of related work experience OR

• Bachelor’s degree and 5 years of related work experience OR

• Master’s degree and 3 years of related work experience

Product Owner Advanced:

• Associates degree and 9+ years of related work experience OR

• Bachelor’s degree and 7 years of related work experience OR

• Master’s degree and 5 years of related work experience

Knowledge and Skills :

• Experience preparing project plans

• Directing team development of payment processing product software solution

• Managing multiple project simultaneously with competing priorities

• Strong communication

• Strong collaboration

• Building and maintaining professional relationships

• Intellectual curiosity and critical thinking

• Problem-solving

• Entrepreneurial spirit with desire to continuously innovate to create enhanced business solutions

• Excellent analytical abilities

• Detail oriented

• Certified Scrum Product Owner

• Knowledge of Agile Product practices

• Knowledge of Scrum and Agile Software Development Methodology

Location: Cleveland, OH, Columbus, OH, Cincinnati, OH, or Pittsburgh, PA

The expected starting salary range for the Product Owner is between ​$90,500 and $113,100 and for the Product Owner Senior is between $100,300 and $125,400 and for the Product Owner Advanced is between $111,400 and 139,200 annually. Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and market data.

The Cleveland Fed offers benefits to support overall health and financial security. Learn more about our benefits here:

Physical Demands and General Working Conditions

This is not necessarily an exhaustive list of all responsibilities, duties, 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, the Federal Reserve Bank of Cleveland reserves the right to revise this or any job description at any time.

Reasonable Accommodation Statement - The Federal Reserve Bank of Cleveland is committed to ensuring that individuals with disabilities are provided with reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. To request a reasonable accommodation for any part of the employment process, please send an email to View email address on aiapply.co.

Bank’s Ethics Rules and Drug Testing :

As a condition of employment, Federal Reserve Bank of Cleveland employees must comply with the Bank’s ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning or controlling, directly or indirectly, any debt or equity interest in a depository institution or an affiliate of a depository institution. A "depository institution" means a bank, a trust company, or any institution that accepts deposits, including a bank chartered under the laws of a foreign country. In addition, employees (and their spouses/domestic partners, and minor children) may not own shares of mutual funds, unit investment trusts or ETFs that have a policy, as stated in the prospectus, of concentrating in the financial services industry and that have underlying investments in banks or other depository institutions. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting.

In addition, as a condition of employment, candidates must undergo a background check and will be tested for all controlled substances prohibited by federal law, to include marijuana, prior to hire and for certain safety sensitive positions during employment.

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Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels

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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.

Always verify and apply to jobs on Federal Reserve System Careers ( or through verified Federal Reserve Bank social media channels.

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