FedNow Senior Software Engineer

Federal Reserve Bank of Boston

FedNow Senior Software Engineer

Posted 7 Hours Ago

Be an Early Applicant

12 Locations

In-Office

150K-225K Annually

Senior level

Fintech • Information Technology • Payments • Sharing Economy • Financial Services • Cryptocurrency

Boston Fed works to promote sound growth and financial stability

The Role

Design and develop complex software solutions for the FedNow service leveraging cloud technologies Java and Agile methodologies ensuring high-quality and timely infrastructure support.

Summary Generated by Built In

Company
Federal Reserve Bank of Boston
Federal Reserve Financial Services (FRFS) delivers a suite of payments services to financial institutions via FedLine® Solutions Fedwire® Funds and Securities the National Settlement Service (NSS) FedCash®1 FedACH® Check Services and the FedNow® Service. FRFS operates as a fully integrated organization with groups dedicated to customer experience operations technology product and customer/industry management enterprise services payments system improvement and one focused on the ongoing growth and development of the FedNow instant payment service. Our strategy defines our future direction seeking to offer a fully integrated product suite that provides speed resilience and choice in meeting the payments needs of FRFS customers across the United States. Through our Enterprise structure we strive to meet the needs of the marketplace for new products and services with speed and agility seek to provide a robust and unified customer experience and work to create career growth opportunities for FRFS staff.
The FRFS Enterprise operates with a customer-first mindset comprised of team members seeking to do the best work of their careers in pursuit of our important central bank mission.
The Federal Reserve has developed a new interbank 24x7x365 real-time gross settlement (RTGS) service with integrated clearing functionality called the FedNow service. This service enables 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.
The position will be primarily on-site with residency commutable to one of our offices required.
Position Contributions-

Top level 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 technologies.

What will be expected of you-

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

Develops software solutions (front end SPA and backend) in Cloud

Develop end to end Infrastructure-as-Code solutions in Cloud

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

In addition to being able to engineer across numerous areas of technology you'll serve as subject matter expert in one or more areas

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-

8+ years of Java Development

3+ years working with AWS cloud-based platforms in an enterprise environment.

Demonstrated experience engineering software with cloud-first architectures

5+ years software engineering experience in a team-based environment

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)

Bachelor's degree in Computer Science Information Systems

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

Advanced knowledge of object-oriented programming

Ideally Infrastructure as Code (IAC); Terraform

Nice to Have-

Experience with API Development and consumption and microservices architecture

Experience with agile development methodology

AWS Certifications

Knowledge of technology project and secure coding standards

Strong interpersonal teamwork and negotiation skills

Strong customer service skills

Strong problem solving and critical thinking skills

Familiarity with usability techniques and best practices

Infrastructure as Code (IAC); Terraform

The salary range for this position is $149900 - $187400 - $224900. The Boston Fed believes in salary transparency. The final salary and offer will be determined by the applicant's background skills internal equity and alignment with market data. Whether you're developing into the job or are a more seasoned candidate we aim to pay competitively. If you reside outside of the 1st District you may be hired by your local Federal Reserve District and compensation will follow hiring District's range and policy.
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
Regular
Job Exempt (Yes / No)
Yes
Job Category
Information Technology Family Group
Work Shift
First (United States of America)
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.
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Skills Required

8+ years of Java Development
3+ years working with AWS cloud-based platforms in an enterprise environment
5+ years software engineering experience in a team-based environment
Experience with CI/CD build tools and DevOps processes

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The Company

HQ: Boston MA

1200 Employees

Year Founded: 1914

What We Do

As part of the Central bank of the United States the Boston Fed works to promote sound growth and financial stability in New England and the nation. We contribute to communities the region and the nation by conducting economic research participating in monetary policy-making supervising certain financial institutions providing financial services and payments playing a leadership role in the payments industry and supporting economic well-being in communities through a variety of efforts.

Why Work With Us

At the Boston Fed we strive to ensure that rigorous thinking and wide-ranging perspectives characterize our work and workplace. We also recognize that benefits and compensation play a central role in the employer you choose. We work to make sure our compensation package is competitive with those of top employers.

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OnSite Workspace

Positions are primarily in person although some positions will allow employment based out of one of our twelve Banks nation-wide. Please see position description for specific location requirements.

Typical time on-site: None