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Federal Reserve System FedNow Lead Software Engineer in Boston, Massachusetts


Federal Reserve Bank of Boston

Federal Reserve Financial Services (FRFS) delivers a suite of payments services to financial institutions via FedLine® Solutions, FedNowSM, Fedwire®, National Settlement Service (NSS), FedCash®, FedACH® (Automated Clearing House), and Check Services. We are currently leading a strategic effort to transform FRFS to a national, enterprise-focused organization. Through our evolved structure, we will meet the needs of the marketplace for new products and services more quickly, seek to provide a more robust and unified customer experience across our financial service offerings, and create new career growth opportunities for FRFS staff.

We are seeking leaders to set the vision, strategy, values, and priorities that enable FRFS to achieve its mission. Our leaders must demonstrate a strategic, action-oriented mindset focused on intellectual curiosity, agility, accountability, and the ability to drive innovation through experimentation. To achieve our vision for a people-focused organization with a strong collaborative and innovative culture, we expect our leaders to champion an inclusive environment and demonstrate our values in how we work and interact with each other and our broader community.

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 to 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 this mission-critical Federal Reserve initiative that is transforming the payments landscape in the United States.

Candidates that live near one of our Reserve Bank locations will be provided some work from home flexibility. Rules for hybrid work arrangements differs from Bank to Bank and should be discussed during the interview process.

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 Lead Software Engineer: to design, develop and implement new complex solutions in accordance with FedNow and Fed policies, procedures and standards

· Provide technical leadership to a delivery team or across multiple teams focused on one area

· Works closely with Scrum Master, Product Owners to help the team deliver features

· Participates in implementation discussions with Architecture

· Develops software solutions (front end SPA and backend) in Java, Spring, Terraform, NoSql and RDS in the Cloud

· Develops 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

· 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-

· 7+ years of Java Development

· 7+ years software engineering experience in a team-based environment

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

· Demonstrated experience engineering software with cloud-first architectures

· Experience in providing technical leadership and technical mentoring

· 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)

· Advanced knowledge of object-oriented programming

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

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

· Proficient knowledge of cloud security for application development and delivery

· Experience with AWS services, and integrating them into an application

· Experience with leading edge Cloud technologies, such as (serverless computing, in-memory and NoSQL databases, messaging platforms, memcache etc).

· Demonstrates independent thinking and decision-making abilities

· Demonstrates excellent written and oral communication abilities

Nice to Have-

· Experience with API Development

· Experience with microservices architecture

· 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

· Familiarity with Infrastructure as Code (IAC); Terraform

· •AWS Solution Architect Professional (high priority):

· •AWS Security Specialty or Other Specialty Certification

The Federal Reserve Bank of Boston 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.

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.

Privacy Notice (

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.