Product Analyst

Federal Reserve; New York (NY); On-site; USD 80,000 - 110,000; Full time

Benefits offered by this job

Educational assistance

Parental leave

401(k) with generous match

Commuter benefits

Job summary

Federal Reserve Bank of New York is seeking a Product Analyst to support Markets Transformation. You’ll perform industry, business, and technical analysis, shape product strategy, define features, and ensure value through user feedback.

Collaborate with Product Owners and delivery squads to drive post-trade and custody initiatives in a fast-paced, mission-driven environment. You’ll contribute to roadmaps, coordinate with technology partners, and design UAT and deployment plans while promoting

Qualifications

• Product analyst experience with exposure to product ownership in financial services.
• Proven ability delivering in high-profile, complex stakeholder landscapes.
• Excel – Advanced proficiency (pivot tables, formulas, data analysis).
• SQL – Write/interpret queries for data analysis and validation.
• AI Tools – Practical use of AI to improve efficiency and outcomes.
• Agile Business Analysis – Gathering requirements in Agile environments.
• Cross-Functional Communication – Bridging technical and business stakeholders.
• UAT – Planning, coordinating, and executing user acceptance testing.
• Problem Solving – Analyzing and addressing root causes.

Responsibilities

• Work with Product Owners and delivery squads to deliver products in Post Trade & Custody space.
• Contribute to product vision and roadmaps with measurable outcomes; align with tech partners.
• Develop messaging and artifacts on product strategy for stakeholder briefings.
• Define feature requirements, user stories, prioritization, and sequencing; coordinate demos.
• Design and execute UAT; oversee deployment planning.
• Support interim states and legacy product retirement; coordinate across teams.
• Drive adoption of product features; provide training and ongoing guidance.
• Monitor KPIs; surface insights for improvement.
• Promote agile behaviors and advise Product Owners and Managers.

Skills

Product analyst experience

High-profile stakeholder management

Excel (Advanced)

SQL

AI tools

Agile Business Analysis

Cross-functional communication

UAT

Problem solving

Tools

Excel

SQL

AI tools

Job description

Company

Federal Reserve Bank of New York

When you work at the New York Fed, you have the opportunity to make an impact in our communities and across the nation. Our mission-driven, curious, and dedicated colleagues apply their diverse perspectives and unique talents to support the strength of the U.S. economy and stability of the global financial system. At the Bank, we work full-time onsite with our teams. We believe being physically together allows us to draw on our collective strengths, while recognizing that the ability to work flexibly from time to time remains important to achieving our mission.

Our Unique Work:

The Markets Group of the Federal Reserve Bank of New York implements monetary policy on behalf of the Federal Reserve System, executes lender of last resort operations for depository institutions in the Second District, provides payments and custody services to foreign central banks and international monetary authorities, and serves as fiscal agent for the U.S. Treasury.

The Product, Strategy & Support team collaborates with Markets leadership to support business strategy development, define the strategic vision for the Markets Group's technology products, and ensure the portfolio of initiatives aligns with and delivers value against the Group's mission and objectives. The team ensures delivered functionality meets user needs, drives adoption that maximizes benefit, and ensures reliable support throughout the product lifecycle.

The Markets Transformation program is a multi-year Markets strategic effort evolving our trading and foreign customer banking business technology to effectively support monetary policy implementation, global financial stability, and the role of the US Dollar as the global reserve currency.

The Product Analyst for Markets Transformation supports an agile product team throughout the product lifecycle—from inception through retirement—performing industry, business, and technical analysis; contributing to product strategy, roadmaps, and prioritization; defining features and quality standards; and ensuring business value is realized through continuous user feedback.

How You’ll Make an Impact as a Product Analyst:

• Work with Product Owners and delivery squads to deliver products in the Post Trade & Custody space
• Contribute to product vision and roadmaps with measurable outcomes; align with technology partners on Markets Transformation interdependencies
• Develop messaging and communication artifacts on product strategy and delivery progress for stakeholder briefings
• Define feature requirements, user stories, prioritization, and sequencing; coordinate product demos and user feedback sessions
• Bring a structured approach to framing decision points for consistent evaluation across the program and with stakeholders
• Design and execute UAT approach and scripts; provide oversight through deployment planning
• Support planning for interim states and legacy product retirement; coordinate across product owners, architecture, vendors, operations, and business users
• Drive adoption of product features; provide training, onboarding, and ongoing usage guidance
• Monitor and communicate product-specific operational KPIs; surface insights for improvement
• Promote agile behaviors and serve as a trusted advisor to Product Owners and Product Managers

The Unique Skill Sets We’re Looking For:

• Product analyst experience with exposure to product ownership in financial services, including core transactional systems
• Proven ability delivering in high-profile, complex stakeholder landscapes
• Excel – Advanced proficiency (pivot tables, formulas, data analysis)
• SQL – Able to write/interpret queries for data analysis and validation
• AI Tools – Practical use of AI to improve efficiency and outcomes
• Agile Business Analysis – Skilled at gathering requirements and documenting business processes within Agile frameworks
• Cross-Functional Communication – Able to bridge requirements discussions between technical product squads and business stakeholders
• UAT – Experience planning, coordinating, and executing user acceptance testing
• Problem Solving – Strong analytical and critical thinking to identify root causes and recommend solutions

Other Things to Know:

Salary Range: $80000 - $110000 / year

We believe in transparency at the New York Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.

How We’ll Support You:

• Learning & Growing: Educational assistance, career development tools, and stretch opportunities
• Supporting Your Family: Parental leave, adoption assistance, back-up dependent and elder care, college planning resources, and more
• Managing Your Health: Comprehensive insurance plans, leave policies, onsite Health & Wellness Center, and onsite Fitness Center
• Optimizing Your Finances: Pension plan, 401(k) with generous match, financial planning resources, and subsidized public transportation program

Our Culture is deeply grounded in our Touchstone Behaviors— By working with us, you’ll have the opportunity to develop and demonstrate your ability to Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership. These competencies shape our culture here at the Bank. They also provide a shared language for how we work together and achieve success and set clear expectations for leading with impact at every stage of your career. Learn more.

The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.

We value accessibility for all candidates and are happy to discuss an accommodation or assistance. Visit our careers page for more information about requesting an accommodation during the recruiting process.

This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.S. citizen when eligible.

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Project/Product Management 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.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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