Federal Reserve Bank (FRB)
FedNow Lead Strategic Sourcing (Finance)
FedNowSM
The future of payments is FedNow! The Federal Reserve Banks are developing a new interbank 24x7x365 real-time gross settlement (RTGS) service with integrated clearing functionality. This service will be the first new business line for the Fed in 40 years and will be transformative for United States Payments by enabling nationwide access across more than 10,000 Banks. The new service, will help enable financial institutions to deliver end-to-end faster payment services to their customers. With the FedNow network, banks will be able to provide their customers the ability to send and receive payments any time, any day, and have full access to those funds within seconds. Such a service will also enable the ongoing innovation of payments products offered by Banks, non-Banks and FinTech companies.
Job Summary:
Reporting within the Procurement function, you will be assigned responsibility for end-to-end project management and procurement of FedNow acquisition needs.
Principal Responsibilities:
Qualifications:
Our total rewards program offers benefits that are the best fit for you at every stage of your career:
The Federal Reserve Bank is committed to a diverse, equitable 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. All candidates must undergo an enhanced background check and comply with all applicable information handling rules.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.