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Fedwire Jobs (NOW HIRING)

Diverse Lynx

Payments Architect

Passaic, NJ · On-site

$150K/yr

... Fedwire, and CHIPS, as well as legacy SWIFT MT formats. • Experience in Agile project delivery, Managing completion of application related documentation to meet risk, regulatory and compliance ...

Diverse Lynx

Payments Architect

Jersey City, NJ · On-site

... Fedwire, and CHIPS, as well as legacy SWIFT MT formats. • Experience in Agile project delivery, Managing completion of application related documentation to meet risk, regulatory and compliance ...

MUFG

Payments Analyst

Tampa, FL · Hybrid

Execute and support USD wire payment processing activities, including Fedwire and CHIPS transactions for corporate and institutional clients * Perform wire input, validation, and repair for inbound ...

Cynet Systems

Lead Payment Business Analyst

Iselin, NJ · On-site

$65 - $70/hr

Lead complex business and technical analysis for payment system initiatives, focusing on wire transfers, Fedwire, CHIPS and SWIFT network integrations * Collaborate with cross functional teams to ...

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How much do fedwire jobs pay per hour?

As of Jun 4, 2026, the average hourly pay for fedwire in the United States is $15.85, according to ZipRecruiter salary data. Most workers in this role earn between $12.98 and $18.03 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Fedwire Operations Specialist, and why are they important?

To thrive as a Fedwire Operations Specialist, you need a strong understanding of wire transfer processes, financial regulations, and attention to detail, typically supported by experience in banking or payments operations. Familiarity with Fedwire Funds Service systems, SWIFT messaging, and compliance tools like AML software is crucial. Excellent analytical thinking, communication, and problem-solving abilities help manage high-value transactions accurately and resolve discrepancies quickly. These skills ensure transaction security, regulatory compliance, and efficient funds transfer in a high-stakes financial environment.

What are some common challenges faced by professionals working with Fedwire systems, and how can they be addressed?

Professionals working with Fedwire systems often encounter challenges such as ensuring transaction accuracy, maintaining compliance with regulatory standards, and managing high volumes of time-sensitive payments. These roles require strong attention to detail and the ability to quickly resolve discrepancies or errors. Collaborating closely with IT, compliance, and treasury teams is essential for troubleshooting issues and staying up-to-date with evolving system protocols. Continuous training and a proactive approach to system updates can help mitigate risks and ensure smooth operations.

What is Fedwire?

Fedwire is a real-time gross settlement system operated by the Federal Reserve Banks in the United States. It enables financial institutions to electronically transfer funds and settle large-value payments instantly and securely. Fedwire is commonly used for time-sensitive transactions, such as interbank transfers, securities settlements, and large corporate payments. Participation in Fedwire is limited to eligible institutions, ensuring the safety and reliability of the U.S. payment system.

What is the difference between Fedwire vs ACH Operator?

FeatureFedwireACH Operator
Primary FunctionReal-time gross settlement of large-value paymentsBatch processing of smaller, recurring payments
Work EnvironmentBanking institutions, Federal ReserveFinancial institutions, payment processors
Required CredentialsBanking/Finance background, knowledge of payment systemsFinance or banking background, familiarity with ACH networks
Usage in IndustryHigh-value, time-sensitive transactionsRecurring, low-value payments like payroll or bill payments

Fedwire and ACH Operator are both essential payment systems but serve different purposes. Fedwire handles real-time, large-value transactions, while ACH Operators process batch, lower-value payments. Understanding these differences helps financial professionals choose the right system for specific payment needs.

Infographic showing various Fedwire job openings in the United States as of May 2026, with employment types broken down into 97% Full Time, and 3% Contract. Highlights an 88% Physical, 7% Hybrid, and 5% Remote job distribution, with an average salary of $32,958 per year, or $15.8 per hour.

US Dollar Clearing Product Manager

Bank of America

Charlotte, NC • On-site

$126K - $246K/yr

Full-time

PTO

This job post has expired 1 day ago. Applications are no longer accepted.

Job description

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

Product Strategy & Ownership

Help develop the USD Clearing and Correspondent Banking product strategy, including domestic and cross border USD payment flows, nostro/vostro services, and liquidity management for global respondent banks.

Define and manage multi year product roadmaps aligned to Bank of America's Responsible Growth framework, balancing client value, risk discipline, and revenue growth.

Support product modernization initiatives, including ISO 20022, CHIPS and Fedwire enhancements, internal platform modernization and enhancements and SWIFT CBPR+ interoperability.

USD Clearing & Technical Expertise

Act as a subject matter expert on USD clearing infrastructures, including CHIPS and Fedwire Funds Service, settlement models, CLS, liquidity optimization, cut off management, and exception handling.

Expansive knowledge of rule-based processing and exception handling

Partner with technology teams to translate clearing and correspondent banking requirements into scalable, resilient platforms

Ensure high availability, straight through processing, and operational scalability for high value, time critical USD payments.

Correspondent Banking & Cross Border Payments

Lead product capabilities supporting global correspondent banking clients, including foreign financial institutions relying on Bank of America for USD access, clearing, and settlement.

Drive enhancements in cross border payment transparency, speed, and data richness, leveraging SWIFT gpi, payment tracking, and enriched remittance information.

Collaborate with regional partners across EMEA, APAC, and LATAM to ensure products meet local market, regulatory, and liquidity requirements.

Commercial & Business Acumen

Own product P&L, pricing frameworks, and commercial models for USD clearing and correspondent banking services.

Partner with Sales, Coverage, and Relationship Management teams to support client acquisition, retention, and wallet growth across Financial Institutions, Corporate, and Public Sector segments.

Analyze market trends, competitive dynamics, and client needs to inform product investment and prioritization decisions.

Risk, Controls & Governance

Ensure all products operate within Bank of America's Global Financial Crimes, AML, sanctions, and operational risk frameworks, particularly given the elevated risk profile of correspondent banking.

Work closely with Compliance, Legal, and Operations to manage regulatory change, audits, and supervisory expectations related to USD clearing and cross border payments.

Represent product in internal governance forums and external industry groups where appropriate.

Required Skills:

5+ years of experience in transaction banking, payments, or financial market infrastructure, with deep USD clearing and correspondent banking expertise.

Proven leadership in product management at a global bank, clearing institution, or financial market utility.

Strong technical understanding of CHIPS, Fedwire, SWIFT, ISO 20022, nostro/vostro accounting, and cross border settlement mechanics.

Demonstrated ability to balance technical depth with commercial judgment, influencing senior stakeholders across product, technology, operations, and risk.

Experience operating in a highly regulated, global environment with complex client and jurisdictional requirements.

Desired Skills:

Strategic, logical and clear thinker.

Highly motivated and tenacious; perseverant and resilient in pursuing objectives despite challenges.

Patient as internal negotiation/prioritization is required.

Organized/detail oriented.

Solid command of Microsoft office software: PowerPoint/Excel/Word

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - NY - New York - 114 W 47th St - 114 W 47th St - Ust (NY8114)Pay and benefits informationPay range$126,500.00 - $246,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

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