Want to know if this job is worth applying to?
Richmond, Virginia, United States
Onsite
Not Available
About the Opportunity
The Federal Reserve’s System Innovation Office has an immediate opening for an AI Product Owner, Senior or Advanced, reporting to the System Innovation Office Group Vice President.
Join our dynamic Systems Innovation team as a Product Owner, playing a pivotal role in driving the Federal Reserve's artificial intelligence initiatives. You'll work at the intersection of emerging AI technologies and practical implementation, helping translate cutting-edge innovations into actionable strategies. This role offers a unique opportunity to shape how the Federal Reserve leverages AI to address complex challenges and drive innovation across the system.
This position is mission‑critical and demands a uniquely deep combination of AI/ML product leadership and enterprise‑scale transformation expertise. The System needs a resource who can operationalize AI solutions in production at scale, maintain an evergreen pipeline of high‑value use cases, and drive the cross‑functional coordination required across business lines, IT, security, and compliance. Success in this role depends on sustained institutional knowledge, long‑term stakeholder trust, and mastery of governance processes.
What You Will Do:
AI‑Native Product Innovation: Translate real business problems into AI-native and agentic capabilities across all business lines and Reserve Banks across the system to modernize enterprise workflows, processes, and business‑led use cases.
Accelerating Enterprise Transformation: Lead the shift toward modern, AI-enabled operations by empowering business units to move faster, reduce manual burden, and adopt new capabilities that materially improve how work gets done systemwide.
Connecting AI to Strategic Value: Ensure AI is embedded where it delivers measurable business outcomes—strengthening decision‑making, increasing productivity, and improving service delivery across diverse mission areas.
Building Systemwide Enablement & Reuse: Establish shared data, API, and capability frameworks that eliminate duplication, create consistency across districts, and allow high‑impact AI solutions to scale quickly across the System.
Optimizing Governance for Speed and Safety: Streamline and enhance AI governance processes so they become accelerators—not barriers—to responsible AI adoption. Drive clear, consistent, and efficient pathways for compliance, risk management, and production readiness, reducing fragmentation and ensuring Systemwide alignment with established standards and playbooks
Operationalize and Sustain Production Solutions: Ensure AI use cases rapidly and reliably transition into full‑scale production environments—eliminating fragmentation, closing value‑realization gaps, and maintaining stringent System governance.
Lead Product Development Lifecycle: Champion a modernized, AI‑forward product development lifecycle that empowers Product Managers to deliver faster, reduce manual effort across business lines, and embed AI into value‑producing workflows.
Scale Sustained Adoption: Drive System‑wide enablement, training, and change management to ensure AI solutions are actually used, fully embedded, and delivering measurable efficiencies.
Strategic Use Case Prioritization: Identify, sequence, and elevate the AI initiatives that deliver the greatest enterprise value—ensuring System resources are focused on the highest‑impact opportunities.
Evergreen Pipeline Development: Build a continuous pipeline of use cases ready for activation, incorporating next-wave innovations like agentic AI.
Cross-Functional Orchestration: Tightly align business lines, IT, security, compliance, and enterprise partners to prevent duplication, reduce operational friction, and enable integrated AI delivery at scale.
Qualifications:
Bachelor's degree or equivalent experience, with 6 to 9 years of relevant experience for the Senior level Product Owner and 10+ years for the Advanced level Product Owner. Background should include project management, data science, or technical program management, with AI/ML experience strongly preferred.
Understanding of the Federal Reserve System structure and governance model
Demonstrated experience communicating complex AI concepts to executive stakeholders in clear, accessible language (written & verbal)
Experience managing complex calendars to include balancing multiple stakeholder schedules (working with their support staff) and proactively identifying conflicts before they arise
Ability to coordinate multiple AI workstreams simultaneously, balancing competing priorities while maintaining focus on strategic objectives
Proficiency using MS Word, Outlook and Excel
Proficiency in SharePoint, including site administration and records and information management
Experience with data visualization tools (Tableau, PowerBI) to create dashboards that monitor AI performance metrics
Strong organizational skills with demonstrated ability to structure and simplify complex AI project information
Ability to thrive in a collaborative, geographically distributed environment while managing ambiguity inherent in emerging technology implementations
Track record of implementing process improvements for project management workflows
Clear, concise written and verbal communication skills with meticulous attention to detail in AI documentation
Discover the Reason Why So Many People Love It Here!
When you join the Richmond Fed, not only will you find a challenging and purposeful career, you’ll also have access to a wide range of benefits and perks that support your health and wealth, including:
Great medical benefits
Pension and 401(k) with employer match
Paid time off
Tuition reimbursement
Paid volunteer leave
Onsite amenities that make working here fun!
Other Requirements and Considerations:
Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict-of-interest rules and personal investment restrictions.
If you need assistance or an accommodation due to a disability, please notify rich.recruit@rich.frb.org.
Sponsorship is not available for this role. The selected candidate will be subject to a government security investigation and must meet eligibility requirements for access to classified information. Eligibility for this specific position requires U.S. Citizenship or three or more years of Permanent Resident (Green Card) status.
The hiring range for the Senior level is $106,700 to $146,700 annually. The hiring range for the Advanced level is $123,900 to $170,300 annually.
For candidates located near other National IT locations, outside of Richmond, VA, the listed hiring and salary ranges may be adjusted based on your geographic location.
Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications.
Applications are reviewed on a rolling basis. Interested candidates are strongly encouraged to apply by July 1, 2026.
Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels.
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.