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Federal Reserve Bank of Richmond
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Payment Services

The Federal Reserve provides financial and payment services to banks and credit unions, much like the services a bank provides to its customers. These services include electronically transferring funds, collecting checks and distributing and receiving cash and coin. FedNow – The Federal Reserve’s new instant payment service set to launch in 2023 – will enable financial institutions of every size, and in every community across the U.S., to provide safe and efficient instant payment services in real time, around the clock, every day of the year.

Kia

“I enjoy working at the Federal Reserve because I’ve had the opportunity to not only build a great career from what started as a temporary assignment but also to meet so many great people who are now like family and continue to encourage me along my Fed journey. The Fed offers a great tuition benefit that allowed me to get not one, but two degrees and become the first college graduate in my family. The Fed is an organization that allows me to be authentically me while working toward our common mission.”

— Kia, Currency Technology & Support Office

Examples of Payment Services Jobs at the Richmond Fed:

  • Engineer: Provide technical expertise and leadership in projects and operations methodology, project management, vendor management, project life cycles, requirements analysis and quality assurance
  • Financial Risk and Compliance Analyst: Research and analyze policy, risk and compliance issues and help develop recommendations to solve escalated problems and improve current practices and monitoring

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