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Lead Software Engineer/Cryptography SME - Digital Currency

Federal Reserve Bank of Boston

Federal Reserve Bank of Boston

Software Engineering
Boston, MA, USA
Posted on Thursday, November 9, 2023


Federal Reserve Bank of BostonThe Federal Reserve System serves as the central bank of the United States. Its fundamental mission is to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payments systems.

This position is responsible for supporting the Federal Reserve System’s Central Bank Digital Currency (CBDC) Research and Development program.

Given the US dollar’s importance, the Federal Reserve System seeks to further understand the implications, costs, and benefits of the use of different technologies for a potential US CBDC to better understand this emerging field. This position offers a unique opportunity to be part of a world-class team working on cutting edge technologies related to CBDC R&D. You will participate in a dynamic work environment that has the feel of a startup while also maintaining the benefits of a larger organization.

This role is eligible for a hybrid schedule, with a mix of remote work from your home office in the First District and planned onsite work expected for intentional collaboration. Limited travel may be required. Candidates must reside in 1st district.

What you will be responsible for:

  • Leading a team of engineers in digital currency research and development.

  • Designing and implementing technical solutions to meet product requirements.

  • Acting as the technical liaison between product and engineering teams.

  • Developing and maintaining distributed systems, cryptographic protocols, and algorithms for digital currency applications.

  • Creating innovative solutions, such as designing transaction formats, data structures and authentication mechanisms to facilitate digital currency payments.

  • Ensuring the security, scalability, and efficiency of digital currency systems.

  • Collaborating with cross-functional teams to align technical solutions with overall project goals.

  • Conducting code reviews and providing technical guidance to junior team members.

  • Staying current with industry trends and emerging technologies in the digital currency space.

What skills you will bring:

  • Extensive experience in software engineering, with a focus on cryptocurrency, digital payments, cryptography, distributed systems or similar field.

  • Strong proficiency in cryptographic principles and network protocol design.

  • Expertise in designing and implementing peer-to-peer payment systems.

  • Ability to translate non-technical product requirements into technical specifications and implementations.

  • Leadership capabilities, including mentoring and guiding a team of engineers.

  • Knowledge of consensus algorithms, peer-to-peer networks and databases.

  • Proficiency in programming languages commonly used in systems engineering and application development such as Go, Python, C++ and JavaScript.

  • Solid understanding of security best practices in the context of digital currency systems.

  • Effective communication skills to bridge the gap between technical and non-technical teams.

  • A passion for staying updating on digital currency trends and emerging technologies.

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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