Payment Services Specialist

Federal Reserve Bank Chicago , IL 60602

Posted 2 months ago

Payments Services Specialist

The Federal Reserve System operates a national payments and information delivery network for 10,000 business customers in the banking and financial services industries. We have a long-term effort underway to engage participants from across the payments industry in discussions to help shape the future of the national payments system.

Job Summary

Reporting to Manager of Industry Relations Team you will join a team of Payments Industry experts in managing strategic payment system efforts with Federal Reserve and industry group. You will develop strategies and recommendations for improvements to the national payment system and Federal Reserve operational roles in this system.

You will

  • Lead payment system projects for Federal Reserve programs including engaging with the private sector payments industry and building relationships to support collaborative teams

  • Represent the Bank on System and industry groups; present the System`s position on significant and sensitive issues

  • Recommend new systems, programs, and policies based on knowledge of finance, operations, payment systems, risk management, internal controls, economics, technology, and banking

  • Follow changes in payments market practices and technology

  • Partner with staff in product, marketing, sales, and research to develop work products and facilitate industry discussions on key topics

Your Background

  • 7-10 years of experience in finance, payment systems, and banking operations, or an equivalent combination of training and experience

  • Bachelor's degree in finance, public policy, business administration, economics, or related field

  • Excellent consulting, presentation, and relationship development skills

  • Knowledge of technology used in payment systems; financial industry operational and payment system requirements and market practices

What we offer

  • Comprehensive benefits package include medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off, transit benefit, onsite gym and subsidized cafeteria

  • A continuous learning environment with opportunities to gain new skills and grow your career


As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities, and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status

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Payment Services Specialist

Federal Reserve Bank