FedNow Software Engineer

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.

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 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 an...