FedNow Business Project Manager, 18 month Term role-Benefits Eligible

Information Technology
267766 Requisition #
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FedNow Business Project Manager




The Federal Reserve is developing a new interbank 24x7x365 real-time gross settlement (RTGS) service with integrated clearing functionality, called the FedNow service. This service will help enable financial institutions 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 a new mission-critical Federal Reserve initiative that will be transformative to the payments landscape in the United States.


Position Overview

As a Business Project Manager in the FedNow program team, the selected candidate will be responsible for working at the direction of the FedNow Program Manager to define, develop, and successfully execute upon projects critical to the success of the FedNow program. These projects, some of which may span months or years, will require the successful candidate to have good working knowledge in one or more of the following disciplines: 

  • Financial Services / Payments
  • Product Development
  • Industry Relations
  • Marketing / Communications
  • Business Operations and Resilience

The Business Project Manager works under the direction of the FedNow Program Manager and collaborates with other project managers in the FedNow organization as well as in other internal or external organizations to identify critical dependencies, risk, and issues that affect the FedNow program.  The FedNow Business Project Manager is responsible assisting with the variety of tasks to enable the management of the project(s) and/or program(s).

Key Responsibilities

  • Develop project plans, risk registers, actions, scope charter and resourcing needs.  Identify critical path items, mitigation strategies and alternative approaches that align with the vision of the FedNow effort
  • Execute and manage project, working closely with project’s functional area
  • Manage and coordinate project resources in a matrixed environment
  • Identify and pro-actively monitor cross project dependencies, critical path, and risks
  • Develop and maintain relationships within the project and create a collaborative work environment

Knowledge, Skills and Experience Required

  • 3-5 years’ experience working with MS Project, MS Project Online required, experience with Sharepoint and Excel optional
  • Proven success in executing full life-cycle large, complex, multi-year projects
  • Experience delivering projects in an Agile scrum model; experience with Scaled Agile Framework preferred
  • Comfortable working in a virtual environment
  • Excellent organizational, multi-tasking, and time-management skills
  • Collaborative team player, capable of working well with others, but also autonomously with little direction
  • Comfortable facilitating discussions with large groups
  • Effective communication skills across a broad audience


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.

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