CompanyFederal Reserve Bank of Boston
The 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 Research and Development around the future of money and payments.
Given the role of the US dollar and payment systems, the Federal Reserve System seeks to further understand the implications, costs, and benefits of the use of different technologies for the future of money and payments. This position offers a unique opportunity to be part of a world-class team working on cutting edge technologies related to digital money and payments including tokenization, application of smart contracts, central bank digital currency (CBDC), and advanced cryptography. 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 position is responsible for supporting the Federal Reserve System’s Research and Development around the future of money and payments.
Given the role of the US dollar and payment systems, the Federal Reserve System seeks to further understand the implications, costs, and benefits of the use of different technologies for the future of money and payments, notably as these relate to the roles of a central bank supporting the U.S. financial system. This position offers a unique opportunity to be part of a world-class team working on cutting edge technologies related to digital currency and other tokenized assets, application of smart contracts, wholesale settlement services, ledger design, and advanced cryptography. 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
- Designing and implementing scalable distributed systems, primarily in Go
- Working with TechOps to containerize and deploy distributed systems in the cloud using Kubernetes
- Designing and implementing distributed systems protocols such as two-phase commit, replication through distributed consensus and concurrency control algorithms
- Utilizing cryptographic algorithms and modern best practices to ensure security and fault tolerance of distributed systems
- Designing and executing wide-scale system and micro-benchmarks to understand and debug performance
- Writing system, integration and unit tests to provide quality assurance and prevent regressions
- Providing thoughtful and thorough code reviews
- Writing clear and concise code and architecture documentation
- Communicating solutions, challenges and results to both technical and non-technical teams
Skills you will bring
- Strong software engineering and debugging skills, with a particular focus on the Go programming language
- Experience deploying and testing containerized applications in the cloud using Kubernetes and AWS
- Experience implementing distributed systems algorithms at scale, particularly consensus algorithms like Raft and BFT, and two-phase commit
- Experience applying cryptographic algorithms such as hash functions, digital signatures and encryption in a distributed systems context
- Experience generating and analyzing runtime flame graphs to identify software bottlenecks
- Experience with distributed tracing, metrics and observability with a particular focus on Prometheus, Grafana and OpenTelemetry
- Ability to communicate technical challenges, test results and solutions to both technical and non-technical teams
- Experience working with large distributed systems involving hundreds of servers
- Experience with database fundamentals, secure transport, API development and maintenance
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 TimeFull time
Regular / TemporaryRegular
Job Exempt (Yes / No)Yes
Job Category
Work ShiftFirst (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.
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.
Privacy Notice
Top Skills
What We Do
This page is dedicated to Federal Reserve System career and employment related information only. Comments not pertaining to Fed recruiting will be removed.
The Fed - Make a world of difference in the global economy
OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.
OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.
Why Our People Choose Us:
Our reputation precedes us
There will always be room for personal growth
Our people are first
You’ll find the right balance
Your responsibilities will be meaningful
We hope that you will be our future colleague.
Find your preferred locations around the United States and explore the breadth of opportunity available at the Federal Reserve.
Atlanta https://www.frbatlanta.org/
Boston http://www.bostonfed.org/
Chicago https://www.chicagofed.org/
Cleveland https://www.clevelandfed.org/
Dallas http://dallasfed.org/
Kansas City https://www.kansascityfed.org/
Minneapolis https://www.minneapolisfed.org/
New York http://www.newyorkfed.org/
Philadelphia https://www.philadelphiafed.org/
Richmond https://www.richmondfed.org/
San Francisco http://www.frbsf.org/
St. Louis https://www.stlouisfed.org/
Board http://www.federalreserve.gov/
