Company
Federal Reserve Bank of Boston
Federal Reserve Financial Services (FRFS) delivers a suite of payments services to financial institutions via FedLine® Solutions, FedNowSM, Fedwire®, National Settlement Service (NSS), FedCash®, FedACH® (Automated Clearing House), and Check Services. We are currently leading a strategic effort to transform FRFS to a national, enterprise-focused organization. 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.
Payments System Improvement's vision is to deliver a contemporary and trusted payment system that works for everyone and to facilitate material, end-to-end advances in the U.S. payment system that promote integrity, efficiency, and accessibility.
This position is responsible for supporting critical Bank strategic objectives to ensure that the retail payment system evolves with safety, accessibility, and efficiency. Position requires complex analytical skills, involvement in multiple business and technology functions, and excellent organizational and communication skills.
Principal Accountabilities:
• Conduct primary and secondary industry analysis and research on alternative payments fraud issues and trends, interpreting market conditions, analyzing the competitive landscape, identifying potential opportunities, trends, new technologies, risks and barriers.
• Track and report project progress and activities
• Collaborate/network with payments industry stakeholders (banking, payments, mobile carriers, vendors, processors, etc.) to understand and address barriers and other issues related to implementation of payments in the US and risks from fraud perspective.
• Stay informed on available academic and industry retail payments literature and studies that relate to or impact business and consumer payment trends and behaviors.
• Monitor market, risks, competitive and technical developments as it relates to payments fraud and security.
• Communicate results of research, analysis, findings and recommendations in written policy and business briefings to inform senior management and policymakers.
• Prepare internal and external presentations for industry and other public audiences.
Other Accountabilities:
Performs other duties as assigned.
Knowledge and Experience:
• Bachelor or Master`s degree or an equivalent combination of education and/or technical training
• 5+ years of related fraud policy/detection/prevention experience
• Knowledge of the U.S. payment systems and infrastructures, including credit/debit processing, check, ACH, Wire, and faster payments
• Strong technical aptitude in systems that support the payments ecosystem and fraud detection, prevention, and mitigation as it relates to payments.
• Knowledge of security, identity management, and authentication solutions
• Excellent analytical, research, and quantitative data analysis capabilities
• Strong written communication skills: able to craft communication for a variety of stakeholders
• Possess good organizational skills; sound business judgment; initiative; flexibility; and ability to work effectively with limited supervision.
• Good interpersonal, presentation, and project management skills
• Possess strong verbal and communication skills.
• High level of self-motivation and initiative; strong team player
While open to location and remote work, residency in First District or near a Federal Reserve facility is preferred.
The Federal Reserve System 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 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.
For this job, any offer of employment is contingent upon the satisfactory completion of a physical examination (including a drug screening), reference checks, and a background check investigation consisting of credit, criminal history checks, and prior employment checks.
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.
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