Company

Federal Reserve Bank of BostonFederal 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.

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.

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 highly 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 Principal Software Engineer: to design, develop and implement new complex solutions in accordance with FedNow and Fed Standards
Develops software solutions in Java, Spring, Terraform, NoSQL and RDS in the 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
4+ years working with AWS cloud-based platforms in an enterprise environment.
Demonstrated experience engineering software with cloud-first architectures
10+ 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)
Understanding of object-oriented design principles (ex: SOLID) to create maintainable, extensible code and knowledge of design patterns, inheritance hierarchies, polymorphism, composition over inheritance, effective interface design, encapsulation and immutability as well as experience with modern Java features like generics, streams and lambdas.
Comprehensive knowledge of Spring Boot's core fundamentals, including auto-configuration, starter dependencies, and its opinionated approach to application setup thateliminatesmuch of the boilerplate configurationrequiredin traditional Spring applications. Understanding of dependency injection, the IoC container, bean lifecycle management as well as proficiencyin using annotations like @Component, @Service, @Repository, and @Autowired.
Expertisein building RESTful APIs with Spring Boot, including knowledge of @RestController, @RequestMapping, request/response handling, content negotiation, and exception handling.
Understand data access patterns using Spring Data JPA, including repository interfaces, custom queries, and declarative / programmatic transaction management.
Experience using JUnit 5+ to write integration and unit tests and use its lifecycle interfaces and annotations to handle related setup and teardown tasks.
Experience with a build automation tool / project management tool like Apache Maven or Gradle to handle tasks such as compilation, dependency management, testing,packagingand deployment.
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
Proficient in unit testing with JUnit, Mockito and AssertJ as well as integration testing with @SpringBootTest.
Understanding of how to use JUnit's extension and lifecycle annotations and interfaces to create tools that enhance its default functionality andmonitortest plan execution results.
Knowledge of Apache Maven's build lifecycles phases, experience with custom plugin development and how to map a custom plugin's goals to Maven lifecycle phases
Familiarity with database migration tools like Flyway or Liquibase.
Experience using Spring Security to handle security concerns in Spring Boot apps.
Understanding Spring Boot’s various application properties configurations (profiles, YAML vs properties files) and externalized configuration management.
Knowledge of monitoring and observability through Spring Boot Actuator, including custom health checks and metrics.
Proficiency working with XML Schema Definition (XSD) schemas and XSLT (Extensible Stylesheet Language Transformations) templates, including XML schema design principles, validation techniques, Java-XML binding via JAXB, namespace management, XSLT processing models, template creation, XPath expressions, and transformation patterns for converting XML to various output formats.
Experience as an Agile product owner with a strong technical background, capable of creating detailed feature specifications and user stories that junior to mid-level developers can implement with minimal clarification as well as the ability to set up and facilitate collaborative planning sessions, coordinate story mapping across iterations and manage daily stand-up meetings.
Proficient with unit testing, integration testing between system components, performance testing toidentifybottlenecks, soak testing for long-term stability verification and API testing.
Experience with agile development methodology
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

Salary

The salary range for this position is $173,400.00 - $216,700.00 - $260,000.00. 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. The position and job description posted is for a Principal Software Engineer however, candidates will be placed in an appropriate level within the Software Engineer job family based on the extent of their experience. 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 Bank of Boston is committed 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

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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Principal Software Engineer

Federal Reserve System

Job Description