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FedNow Software Engineer

Federal Reserve Bank of Boston

Federal Reserve Bank of Boston

Software Engineering
Multiple locations
Posted on Thursday, January 12, 2023


Federal Reserve Bank of BostonThe Federal Reserve is developing a new interbank 24x7x365 real-time gross settlement (RTGS) service with integrated clearing functionality, called the FedNow service. This service will help enable financial institutions provide their customers with the ability to send and receive payments any time, any day, and have full access to those funds within seconds. This position is a unique opportunity to be part of a new mission-critical Federal Reserve initiative that will be transformative to the payments landscape in the United States.

While open to location and remote work, residence near a Federal Reserve facility is preferred.

Technical expert in one or more highly specialized areas of applications systems analysis and programming. Responsible for software design, coding, testing, debugging, and documentation. Has full technical knowledge of all phases of applications systems analysis and development. Provides technical leadership on complex projects. Interacts with internal project teams and work groups regularly. level of work required is considered advanced and staff must be able to work under minimal supervision. This job does not have any direct reports. You have an appetite to learn, and a passion for technology, innovation, and developing new skills on evolving

What will be expected of you-

  • Serves as a Software Engineer: to design, develop and implement new complex solutions in accordance with FedNow and Fed Standards

  • Develops software solutions (primarily backend) in Cloud

  • Provides input into strategic and tactical planning of software solutions and software development lifecycle changes

  • Design and build Java application components, and integrate with software components and products that will be high performing, with world class scale and reliability

  • Trains and consults cross functionally within the organization on troubleshooting/resolving highly complex and/or highly time critical problems

  • Collaborates with analysts as part of an integrated Agile team to define user requirements and conduct design review for the development of complex and innovative cloud applications using modern internet-scale technologies and Serverless architecture in Cloud

  • Demonstrates skill dexterity; seeking to continuously adapt and employ new technical skills alongside proven staples

  • Ensures that the quality of software developed, maintained and enhanced in-house and installed into production is sufficient to prevent the occurrence of catastrophic defects that cause the customer significant problems, missed deadlines, or interruption to the production environment

  • Ensure compliance with Fed policies, procedures and standards

  • Provides primary or backup production support for applications and components, including but not limited to timely resolution to production problems and processing issues

Expertise you will bring-

  • Bachelor's degree in Computer Science, Information Systems, or equivalent background or experience

  • 3-5 years software engineering experience in a team-based environment

  • Demonstrated experience engineering software with cloud-first architectures

  • Experience with building and deploying solutions in Cloud

  • Experience with Serverless architecture for building software solutions in Cloud

  • Experience with CI/CD build tools, and DevOps processes

  • Experience developing high performance, high volume, highly available (24/7/365) environments

  • Experience with Agile software engineering (Scrum, Kanban, Lean etc)

  • Ideally experience working with aws cloud-based platforms in an enterprise environment

Logistics & Requirements-

  • Deep expertise in Java and proficient knowledge of programming languages ( JavaScript, XML, JSON, HTML, CSS etc. Python a bonus)

  • Proficient knowledge of operating systems (Linux, Unix, Windows)

  • Proficient knowledge of database development (SQL, Oracle, DB2)

  • Ideally, you’ll have experience with AWS services, and integrating them into an application

  • Ideally you’ll have experience with leading edge Cloud technologies, such as Kafka, in-memory and NoSQL databases, messaging platforms, memcache etc).

  • Demonstrates independent thinking and decision-making abilities

  • Demonstrates excellent written and oral communication abilities

  • Proficient knowledge of cloud security for application development and delivery

  • Proficient knowledge of object-oriented programming

The Federal Reserve System is committed to a diverse and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.

The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

For this job, any offer of employment is contingent upon successfully passing a two-phase security screening. The first phase consists of the satisfactory completion of a physical examination (including a drug screening), reference checks, and a security investigation consisting of credit and criminal history checks.

The second phase, which might not be complete until after you begin working at the Reserve Bank, is an additional risk-based security screening determined by the risk rating of the position. Depending upon the sensitivity of the position, this phase may include, and is not limited to, work and residency eligibility verification, and personal interviews with the candidate, references, and prior employers.

All applicants must have resided in the United States for at least three (3) years

Full Time / Part Time

Full time

Regular / Temporary


Job Exempt (Yes / No)


Job Category

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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.

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