Wholesale Payments Specialist, Senior

Federal Reserve System • Boston, MA

1d • $72,300 - $108,500 • Onsite

About The Position

This position is responsible for business application configuration, setup, maintenance, testing, analysis and troubleshooting in support of a comprehensive suite of FRFS products, including Fedwire Funds and Securities. The Sr. Systems Configuration Analyst demonstrates advanced understanding of business application systems supporting multiple Federal Reserve’s financial services offerings, the setup of routine to complex processing and accounting relationships for thousands of financial institutions within these systems in order to properly process and settle financial transactions, provides complex operational and technical support, and is a primary resource for troubleshooting or solving complex application and operational problems. Successful execution of duties requires obtaining and authenticating financial institution documentation; impact analysis and manipulation of business applications to establish, close, or merge financial institution accounting and settlement accounts and relationships; engage, educate and consult with financial institution accounting, business systems and technical resources to analyze business application configuration and setup, assess impact and ensure proper financial transaction processing and settlement ; and collaborate and coordinate with various internal (FRS) system groups and partners that support interfacing business application systems.

Requirements

• Bachelor’s Degree or Equivalent Experience
• Five to Eight years preferred
• Advanced Customer Service skills
• Operational efficiencies and improvements
• Advanced knowledge of Business process and procedures
• Business application systems configuration, testing and analysis
• Excellent Multi-tasking and Communications (written and verbal) Skills
• Excellent Organizational skills and attention to detail with a proactive approach to problem solving
• Intermediate to Advanced proficiency with Microsoft Office Applications
• Strong technical aptitude for innovation and continuous development to learn, test, and implement new tools, technologies, and methodologies
• Research and analysis capabilities of a complex nature
• Application of risk management policies and practices
• Intermediate to Advanced in Payments operations and business application systems, e.g. Local Customer Directory (LCD) for Funds and Securities, Account Management Information Systems (AMI), FedLine, FedPayments Manager (FPM)
• Intermediate to Advanced in Payment Services (e.g. Fedwire Funds and Securities, FedNow)
• Project management skills and ability to manage projects effectively
• Demonstrates Self-Awareness
• Collaborates
• Problem Solving
• Communicates Effectively
• Action-Oriented
• Resided in the United States for at least three (3) years.

Responsibilities

• Independently coordinates and performs business application configuration, setup, maintenance, testing, analysis and troubleshooting in various Federal Reserve systems which may include: accounting and settlement agreements, correspondent/respondent relationship agreements, mergers, retired and failed financial institutions for Fedwire Funds and Securities payment services.
• Performs due diligence, business application systems research and analysis, processing, accounting and settlement configuration and testing, internal and external stakeholder follow-up, hosting conference calls to analyze, complete, verify and confirm requested application and accounting system configuration changes in all applicable systems.
• Serves as a primary point of contact for the customer and internal stakeholders, addressing inquiries and providing timely support throughout the process.
• Collaborates with customers to understand their requirements and objectives.
• May serve as lead on special projects or assignments that require advanced analytical and/or project management skills and technical acumen.
• Must be able to meet established service level agreements and quality measures.
• Responds to Depository Institution (DI) cyber incidents.
• Serves as the subject matter expert (SME) and is responsible for providing important details regarding the financial institution processing and settlement relationship configuration and executing any necessary actions to disable/restore services as instructed if necessary.
• Troubleshoots to resolve complex issues related to customer setup, including researching and documenting the issue, evaluating the severity, determining, and facilitating corrective action, and understanding if escalation to a lead or management is necessary.
• Troubleshoots to resolve connectivity issues, file formatting issues, and setup.
• Collaborates with internal stakeholders to troubleshoot and resolve issues.
• Provides coaching and guidance to less experienced staff.
• Administers cross-training, which includes developing training plans and materials.
• Provides consultation and/or training to other internal stakeholders as needed to support customers.
• Participates in or leads various projects or workgroups to collaborate on improvement initiatives.
• Assists with the coordination and provides technical guidance and support for critical testing activities, such as Business Continuity, Protracted Outage Industry Testing, Operational Readiness, Contingency, operational or application conversions/enhancements, etc.
• Serves as the intermediary between customers and other internal stakeholders to report issues, provide status updates, etc.

Benefits

• The Federal Reserve believes in salary transparency. The final salary and offer will be determined by the applicant’s background, skills, internal equity, and alignment with market data. Whether you’re developing into the job or are a more seasoned candidate, we aim to pay competitively.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior