FedNow Operations Center (FNOC) Specialist

Federal Reserve Bank of New York; Boston (MA); On-site; USD 121,000 - 181,000; Full time

Job summary

Federal Reserve Bank of Boston is seeking an FNOC Specialist to support the FedNow Service in a high‑volume, 24x7 production environment. You will guide customers and internal teams, monitor operations, and drive efficiency through automation and standardized processes.

The role emphasizes collaboration across cross‑functional teams, risk management, and ensuring smooth onboarding for new FedNow participants.

Qualifications

• Bachelor’s degree with 5+ years relevant work experience, or 10+ years of related work experience.
• Demonstrated experience in 24x7 enterprise support environments.
• Strong analytical, problem solving and communication skills.

Responsibilities

• Provide expert guidance and technical support on FedNow-related issues.
• Lead operational activities: monitoring, onboarding, and risk mitigation.
• Drive automation and process improvements to enhance the customer experience.
• Support customer onboarding and maintain participant profiles.

Skills

5+ years relevant work experience

24x7 support operations

Strong analytical skills

Problem-solving

Customer-focused

Education

Bachelor’s degree

10+ years relevant work experience

Tools

ServiceNow

Application monitoring tools

Job description

Company Federal Reserve Bank of Boston Federal Reserve Financial Services (FRFS) delivers a suite of payments services to financial institutions via FedLine® Solutions, Fedwire® Funds and Securities, the National Settlement Service (NSS), FedCash®1, FedACH®, Check Services, and the FedNow® Service. FRFS operates as a fully integrated organization with groups dedicated to customer experience, operations, technology, product and customer/industry management, enterprise services, payments system improvement, and one focused on the ongoing growth and development of the FedNow instant payment service. Our strategy defines our future direction, seeking to offer a fully integrated product suite that provides speed, resilience, and choice in meeting the payments needs of FRFS customers across the United States. Through our Enterprise structure, we strive to meet the needs of the marketplace for new products and services with speed and agility, seek to provide a robust and unified customer experience, and work to create career growth opportunities for FRFS staff. The FRFS Enterprise operates with a customer-first mindset, comprised of team members seeking to do the best work of their careers in pursuit of our important central bank mission. The Federal Reserve has developed a new interbank 24x7x365 real-time gross settlement (RTGS) service with integrated clearing functionality, called the FedNow Service. This service enables financial institutions to provide their customers 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 this mission-critical Federal Reserve initiative that is transforming the payments landscape in the United States. The selected candidate will reside within a reasonable commuting distance defined by the employing Reserve Bank and will work full-time onsite. The following Reserve Bank locations are preferred: Boston, Atlanta, New York, San Francisco Applicants may be considered at both the Specialist and Senior Analyst level based on experience. The work week for this position is Wednesday through Sunday.

Position Contributions -

The FNOC Specialist is an experienced professional who possesses an in-depth knowledge of the role. The Specialist proposes potential solutions, including external practices, they anticipate roadblocks and drive innovation. The Specialist will interface with those outside their current work stream and engage across all levels of the program. They will provide expert guidance and technical support to clients and internal teams on all FedNow-related issues. In addition, the FNOC Specialist will perform critical operational activities including monitoring, working with partner stakeholder teams to mitigate risks, support participant onboarding, and execute ongoing operational tasks for the FedNow Service. Heavy emphasis will be focused on driving operational efficiencies via process creation, standardization and automation. Provide expert guidance and technical support to clients and internal teams on all FedNow-related issues. The FNOC Specialist will demonstrate their subject matter expertise by acting as an escalation point for the FNOC team.

What will be expected of you - Product specialization

• Demonstrate expertise of the FedNow Service & stay up to date on all the latest releases and development
• Influence the Product roadmap by possessing an in-depth knowledge of Operations and our Customer needs
• Independently identify gaps within the FedNow ecosystem and proactively create solutions
• Collaborate with cross-functional teams to assess functional needs, identify vulnerabilities, and drive appropriate solutions internally and externally
• Support the customer through FedNow functionality updates
• Provide guidance and documentation on frequent internal risk and compliance inquiries for audits

Team support

• Interview, develop, train and mentor new members of the team and provide ongoing training as needed
• Develop and maintain comprehensive documentation for knowledge and procedures in addition to conducting team trainings
• Perform periodic reviews and updates of internal procedures and knowledge articles

Customer & Operations support

• Facilitate high pressure troubleshooting calls with customers on Production issues
• Provide guidance to fulfill all Service Requests escalated from Level 1 (L1) support
• Articulate FedNow concepts in a clear and concise manner
• Support the customer onboarding process for new FedNow customers
• Perform verifications, onboarding and maintenance of participant profiles
• Execute internal backend tasks for bank mergers and account closures related to the FedNow service
• Consult on and perform periodic reviews and updates for publicly available Federal Reserve documentation

Leadership

• Drive and test automation ideas to support improving the customer experience and the FedNow Service
• Flexibility to support a growing organization through multiple SME roles
• Perform complex assignments while working independently with minimal to no guidance
• Create and monitor customer and internal success metrics and KPIs
• Provide expert guidance on daily backend operational activities for billing, accounting and reconciliation
• Adopt a continuous improvement mindset by identifying and providing feedback on efficiency opportunities

Promote culture

• Support a culture of continuous improvement by providing performance feedback for team members
• Promote a psychologically safe environment through compassionate leadership
• Present to all levels of leadership, partner teams and external customers

Expertise you would bring -

• Bachelor’s degree with 5+ years relevant work experience; or 10+ years relevant work experience
• Experience working within 24*7 support operations for a large enterprise
• Ability to work in a demanding environment and handle multiple competing priorities
• Strong analytical and problem-solving skills with demonstrated ability to quickly gather, analyze and synthesize information
• Initiative and innovation toward improving customer experience and Operations
• Organized and detail-oriented with a love for creating order out of chaos
• Motivated, energetic, adaptable team player with intellectual curiosity paired with a high growth-mindset

It’s added value if you have -

• Expertise with ISO20022 messages
• ITIL certification
• Expertise using ServiceNow or similar tools within a large enterprise
• Expertise using Application monitoring tools
• Expertise within support operations spanning multiple contact channels
• Expertise within support operations for a cloud-based service

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. The salary range for this position is $120,600 - $181,000. The position and job description posted is for an FNOC Specialist, however, candidates may be considered at the Sr Analyst level based on their experience. The compensation range for Sr Analyst is $105,000 - $158,400. If you reside outside of the 1st District (Boston Fed), you may be hired by your local Federal Reserve District and compensation will follow hiring District's range and policy. 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 Full Time / Part Time Full time Regular / Temporary Regular Job Exempt (Yes / No) Yes Job Category Operations Family Group Work Shift First (United States of America).

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.