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Federal Reserve System FedNow Payments Senior Project Manager in Boston, Massachusetts


Federal Reserve Bank of Boston


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.

A requirement of this position is that the employee must be fully vaccinated against COVID-19 or qualify for an accommodation from the Bank’s vaccination policy; individuals who are unable to be vaccinated due to a medical condition or sincerely held religious belief may request an accommodation from the Bank.

Position Overview

As a Payments Sr Project Manager in the FedNow program team, the selected candidate will be responsible for working at the direction of the FedNow Alias Based Payments 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 and Payments

  • Application Integration

  • Testing

  • Business Operations and Resilience

The Payments Sr Project Manager works under the direction of the FedNow Alias Based Payments 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 Payments Sr Project Manager is responsible for leading and managing a team of diverse project resources to successfully deliver upon project scope. The Sr PM will work collaboratively across multiple projects to develop and foster relationships with key stakeholders, be responsive to evolving needs, and communicate effectively across all levels of the organization

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

  • 5 - 10 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 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 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

Full Time / Part Time

Full time

Regular / Temporary


Job Exempt (Yes / No)


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.

Privacy Notice (

OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.

OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.

Why Our People Choose Us:

Our reputation precedes us

There will always be room for personal growth

Our people are first

You’ll find the right balance

Your responsibilities will be meaningful

We hope that you will be our future colleague.