Product Owner

Company

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.

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

Under broad supervision, this role is responsible for generalizing conceptual knowledge to determine ways to solve a range of straight-forward problems and situations.

Contributes to defining and driving the product roadmap, managing priorities within cross-functional teams and supporting smart, data driven decisions to have the biggest business impact. Supports the organization by developing and implementing product offerings and processes to scale the business. Assists in the development of product strategy, supports operational plan and supports product enablement (marketing).

Essential Accountabilities:

• Works under moderate guidance and direction, using standard procedures to make sound decisions. Detailed instructions are given for new activities or special assignments. Work is reviewed for soundness and technical judgment, overall adequacy, and accuracy.
• Provides product leadership role for small or medium-scale business lines or teams.
• Drives the implementation of new product offerings through clear communication, cross functional collaboration, and agile delivery.
• 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.
• Gather, analyze, and evaluate data; obtain facts and explain complex information in the form of information flows and reporting.
• Develops concise business and system requirements, use cases and workflows to support new and enhanced business functionality for complex Federal Reserve and Treasury Systems.
• Prioritizes delivery impediments, product quality issues, and addresses risks.
• Develop and maintain the product roadmap.
• Displays a basic understanding of product line and functionality within business where used.
• Develops 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.
• Represent product lines at internal Bank and external forums, including System and non-FRB stakeholders, with assistance from team members.
• Performs other duties as assigned or requested.

Education and Experience:

• 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

Knowledge Areas – Intermediate Level:

• Certified Scrum Product Owner
• Intermediate knowledge of Agile Product practices
• Knowledge of Scrum and Agile Software Development Methodology

Skill Areas – Intermediate Level:

• Detail oriented
• Entrepreneurial approach to product line
• Critical thinking
• Presentation
• Effective Communication
• Excellent analytical abilities
• Ability to manage competing priorities

The expected starting salary range for the Product Owner is between $90,500 and $124,400 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 click.appcast.io.

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.

Full Time / Part Time: Full time

Regular / Temporary: Regular

Job Exempt (Yes / No): Yes

Job Category: Project/Product Management Family Group

Work Shift: First (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.