Assistant Vice President - Secure Payments

| Greater Boston Area
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Primary Location

 MA-Boston

Full-time / Part-time

 Full-time

Employee Status

 Regular

Overtime Status

 Exempt

Job Type

 Experienced

Travel

 Yes, 25 % of the Time

Shift

 Day Job
Job Sensitivity Tier II [email protected]/No [email protected]

 

Assistant Vice President

 

Job Summary:
The Assistant Vice President of Secure Payments is a payment and fraud executive with responsibility to lead execution of programs and strategies that advance payment security and fraud mitigation across the industry through research, outreach and collaboration efforts. These activities are part of a broader program designed to improve the speed and security of the U.S. payments system. The Assistant Vice President is accountable to the Vice President of Secure Payments.

 

Principal Duties and Responsibilities:
• Working with the vice president and other members of senior management, to design, develop and implement key elements of the Federal Reserve’s strategy for payment security, to reduce fraud risk and advance the safety and security of the U.S. payments system. Provide fraud expertise to the Secure Payments Team so that it achieves established objectives effectively and efficiently.
• Actively researches and maintains technical fraud and payments expertise and incorporates these into tangible strategies and themes for the Secure Payments Team.
• Collaborates with Secure Payments team members, consultants and other Federal Reserve System entities to interpret and operationalize proposed recommendations and solutions.
• Partners with the Secure Payments leadership team and Program Management Office staff, to ensure security and fraud strategies and tactics are appropriately integrated with the other elements of payments improvement initiatives.
• Establishes and maintains management structures, feedback loops, and accountabilities to effectively deliver results on secure payments team objectives.
• Facilitates dialogue with, and obtains/incorporates feedback from industry participants in designated work products.
• Leads and/or participates in documenting the findings/recommendations of the secure payments work effort(s).
• Provides updates on progress, risks, and challenges to various Federal Reserve System governance groups, as required.
• Ensures team leverages program management best practices and documents specific project artifacts / deliverables.
• Provides coaching and development to staff.

 

Education and Experience:
• 10 plus years of related fraud, security or risk management experience within the payments or financial services industry.
• Proven experience working and leading a team of security/fraud experts in a highly complex, geographically diverse, and matrixed organization
• History of successfully taking on responsibility, delivering results, and implementing large programs and projects, specifically focused on payments, information security, or fraud.
• Understanding of Federal Reserve’s role in the payment system and strong knowledge of a broad array of US/ international payment systems, market activity and trends, key stakeholders and documented future direction for payment systems
• Experience managing consulting/vendor engagements
• Bachelor’s degree or an equivalent combination of education and/or technical training

 

Knowledge and Skills:
• Advanced fraud management and payments experience
• Strong people leadership skills
• Demonstrated strong program management skills
• Strong verbal and interpersonal communication skills
• Builds strong relationships with a variety of stakeholders
• Demonstrates active listening abilities
• Strong negotiation skills
• Strong written communication skills; able to craft communication for a variety of stakeholders
• Strong presentation and meeting facilitation skills
• Demonstrated capacity for continuous development and strong leadership with demonstrated ability to challenge and influence others
• Ability to analyze complex information and arrive at sound/defensible conclusions, effectively manage/complete open-ended assignments and make solid business judgments
• Good organizational skills; sound business judgment; initiative; flexibility; and ability to work effectively with limited supervision in a fast-changing environment
• Champion of change; ability to effectively lead the implementation of new ideas
• Strong problem solving skills with ability to get to root cause of business needs
• Familiar with current and emerging technologies and trends within the evolving payments landscape
• Awareness of payment fraud issues, trends, contributory factors and mitigation
• Comfortable with ambiguity Equally at ease within technical and business domains

 

Other Requirements:
• 20-30% travel

 

Position Location:
• Preferred position location is Boston, MA but open for highly qualified candidates.

 

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.
 
The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all duties and responsibilities 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.

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Technology we use

  • Engineering
    • JavaLanguages
    • PythonLanguages
    • TerraformLibraries
    • RsocketLibraries
    • RDSLibraries
    • SpringFrameworks
    • NoSQLDatabases
    • aerospikeDatabases

Location

600 Atlantic Avenue, Boston, MA 02210-2204

What are Federal Reserve Bank of Boston Perks + Benefits

Culture
Volunteer in local community
The Boston Fed participates in local volunteer activities and provides each employee with two paid volunteer days.
Partners with Nonprofits
Through the work of our Employee Resource Groups (ERG's) and other departments within the Boston Fed, we partner with local Non Profits as a way to give back to the communities where we live and work.
Friends outside of work
Eat lunch together
Intracompany committees
The Fed Society plans many social activities throughout the year that provide opportunities for employees to engage with one another outside of work.
Daily stand up
Open door policy
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Pair programming
Open office floor plan
Diversity
Dedicated Diversity/Inclusion Staff
Highly diverse management team
Unconscious bias training
Diversity manifesto
Someone's primary function is managing the company’s diversity and inclusion initiatives
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Wellness Programs
Onsite Gym
Team workouts
Acme Co.'s team fitness initiatives include In-office yoga, In-office fitness classes.
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Performance Bonus
Child Care & Parental Leave Benefits
Child Care Benefits
Federal Reserve Bank of Boston provides backup child care assistance, including tutoring, in-home childcare and virtual child care assistance.
Generous Parental Leave
Flexible Work Schedule
Acme Co. provides employees with a flexible work schedule that includes Compressed week, Flexible start and end times.
Remote Work Program
We have adopted a remote work posture through 2020 due to Covid-19. Plans to return to the Bank in 2021 have not been determined. Typically, remote work arrangements are at Managers discretion.
Family Medical Leave
Adoption Assistance
Restricted work hours
Return-to-work program post parental leave
Company sponsored family events
The Fed Society plans family oriented events a few times throughout the year.
Vacation & Time Off Benefits
Generous PTO
Paid Volunteer Time
Our employees receive 16 hours per year of paid volunteer time.
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Commuter Benefits
The Federal Reserve Bank of Boston offers pre-tax commuter benefits for all employees through Wage Works.
Company Outings
Acme Co. hosts company outings Semi-annually.
Game Room
Located outside on the plaza, you'll find corn hole and shuffle board available for a quick game between meetings.
Professional Development Benefits
Job Training & Conferences
The Boston Fed offers employees professional development opportunities like onsite training courses and the ability to attend job related conferences and seminars.
Tuition Reimbursement
Diversity Program
Lunch and learns
Cross functional training encouraged
Promote from within
Mentorship program
Online course subscriptions available
Paid industry certifications

Additional Perks + Benefits

At a time when many organizations no longer offer a traditional pension plan, the Federal Reserve’s Retirement Plan is recognized for the value it provides in helping secure employees’ financial future during their retirement years. Fed employees are automatically enrolled in our pension plan.

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