AVP, Payments Application Development - FRFS at Federal Reserve Bank (FRB) in New York, New York

Job Description:

Company

Federal Reserve Bank of Atlanta

As an employee of the Federal Reserve Bank, you will help support our mission of promoting the stability and efficiency of the U.S. economy and financial system. Your work will affect the economy of the the United States and the world. The work we do here is important, and how we do it is just as important as what we do. We live our values of integrity, excellence, and respect every day. We do the right thing, we do things right, and we treat people right. A career at the Federal Reserve Bank gives you the chance to do work that touches lives and helps communities prosper.

In addition to competitive compensation, we offer a comprehensive benefits package all brought together in a flexible work environment where you can truly find balance.

Federal Reserve Financial Services (FRFS) delivers a suite of payments services to financial institutions via FedLine® Solutions, Fedwire®, National Settlement Service (NSS), FedCash®, FedACH® (Automated Clearing House), Check Services, and the FedNow® Service. In 2020, we undertook a strategic effort to transform FRFS from a product and support office framework to a national, enterprise-focused organization. The enterprise structure integrated the prior retail, wholesale, cash, and customer relations product and support offices into a new organization, which was further joined by the FedNow team in early 2024. Our North Star strategy, with the new structure, is to offer a fully integrated product suite that provides speed, resilience, and choice in meeting the payments needs of financial institutions across the United States. Through our evolved structure, we will meet the needs of the marketplace for new products and services more quickly, seek to provide a more robust and unified customer experience across our financial service offerings, and create new career growth opportunities for FRFS staff.

We are seeking leaders to set the vision, strategy, values, and priorities that enable FRFS to achieve its mission. Our leaders must demonstrate a strategic, action-oriented mindset focused on intellectual curiosity, agility, accountability, and the ability to drive innovation through experimentation. To achieve our vision for a people-focused organization with a strong collaborative and innovative culture, we expect our leaders to champion an inclusive environment and demonstrate our values in how we work and interact with each other and our broader community.

We value the diversity of our people, ideas, and experiences and are committed to building an inclusive culture that is representative of the communities we serve.

As a Federal Reserve System National Business Line, it is standard practice to post FRFS positions in all twelve Districts to provide transparency and equitable opportunities for all FRS employees to apply. Internal candidate(s) selected for this position will remain employed by their current employing District and serve as an employee of FRFS. The selected candidate’s new job title and associated pay range will be determined by the employing District and will continue to be subject to the employing District’s people policies and practices (i.e., remote/hybrid work posture, etc.).

Location: Must live within commuting distance of an approved Federal Reserve Bank. The following Reserve Bank locations are preferred due to the concentration of FRFS team members in these locations: New York, Chicago, Minneapolis, Kansas City, Dallas, and San Francisco.

We are a dynamic hybrid workplace.

Job Summary

You will lead application development and delivery for a segment of FRFS's portfolio of payment systems. Own the accountability for the 'how' of building solutions in line with business capability requirements. Responsible for converging and maturing application delivery and production level 3 support practices.

Role Description

The Assistant Vice President (AVP) of Payments Application Development will lead the enablement and delivery of a functional IT area.

You will work with other FRFS Federal Reserve System IT leaders to develop strategies and execute on plans to deliver business outcomes through technology. This role works closely with wide stakeholder group to guide the Bank’s organizational and strategic plans and mature an integrated and modern technology delivery model across the FRFS. You will report directly to a Vice President of Payments Application Development with broad technology responsibilities.

A key aspect of the role is focusing on the identification and growth of technology talent across many domains and within leadership roles. As a leader, you will spearhead the development, growth, and succession of employees within a segment of the Bank’s IT organization and engage in talent development discussions across IT and broader Bank-wide business areas.

The position requires a customer-centric and agile perspective that can successfully align desired business outcomes with an overall end user service and operational strategy.  As AVP, you must be able to collaboratively work with stakeholders across Federal Reserve Business Lines and IT organizations to achieve successful business objectives.

Key Responsibilities:  

• Establish strategic vision, goals, and objectives for a specific function, consistent with the Bank’s overarching strategic direction, goals, and objectives.  




• Collaborate with stakeholders across the organization on planning for production delivery and appropriate (level 3) production support. 




• Drive innovation that delivers business value; champion forward thinking change management. Encourage a growth mindset across the organization.  Demonstrate strong influencing, negotiating skills, and strategic agility. 




• Maximize value of shared technology enablement investments. Develop a culture of alignment to established standards, practices, and continuous process improvement.  




• Provide coaching and high-level technical oversight related to execution and delivery of products. Assist engineering managers with technical risk identification and remediation planning. 




• Provide leadership for the attraction, development, and retention of a high caliber staff with diverse capabilities and develop successors and talent pools for key roles.




• Foster a work culture that promotes a cooperative, inclusive, innovative, and team-oriented environment. Oversee and engage in diversity and inclusion activities.  




• Identify opportunities for improvement and enable leaders and teams to improve performance and achieve success.  




• Provide oversight of administrative and organizational responsibilities for areas of functional responsibility that include budgeting, administration, and compliance.   




• Expand and leverage collaborative working partnership, while influencing System and Bank-wide decisions. Will serve on committees to develop and support overarching strategy at System and local levels.  




• Partner with Architecture, Infrastructure leaders and Engineering Managers on broad technical design and alignment with strategic goals of both the business and technology. 

Qualifications:

• Deep experience and understanding of developing and supporting complex, mission critical systems.




• Professional maturity, ownership of complex issues, and a strategic vision for the future. Has excellent understanding of the development lifecycle including usage of CI/CD pipelines and DevSecOps concepts.




• Extensive experience with payment processing systems including end-to-end processing of payments from external customers. 




• Demonstrated proficiency as a strong leader who has successfully managed other leaders and development teams. At least five years of managerial experience required; ten years preferred. 




• Ability to cultivate a strong management team through identification, training, and retention, and motivate management and staff to work collaboratively.  




• Excellent verbal and written communications skills. Ability to communicate effectively across a wide group of people and audiences. Effective in initiating conversations and communications necessary to resolve issues.  




• Excellent relationship management skills. Substantial experience working collaboratively across internal and external organizations to build relationships and influence key constituents, including senior executives.  ​ 




• Experience collaborating with quality assurance leaders as well good understanding of testing methodologies relevant to critical payments applications (e.g. Unit, SI, non-functional, etc.). 




• Bachelor’s Degree or equivalent combination of directly related experience and/or education required. Degree in Computer Science or Engineering preferred.   

This position may require additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take up to a couple of months to be completed. You can begin work before the screening is completed; however, continued employment is contingent on acceptable screening results. The areas screened may include education/employment verification, criminal history, credit history, and reference checks.  

Certain eligibility requirements apply.  

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 (e.g. emergencies, rush jobs, change in workload or technological developments).

The Federal Reserve Bank of Atlanta is an equal opportunity employer.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

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.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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