Full-Time
Financial Services Software Engineer 1
Posted on 7/4/2026
The Federal Reserve System
1,001-5,000 employees
Central bank of the United States
No salary listed
No H1B Sponsorship
Kansas City, MO, USA + 2 more
More locations: Minneapolis, MN, USA | Atlanta, GA, USA
In Person
Onsite work is required; prefer candidates in Atlanta, Minneapolis, or Kansas City.
 Software Engineering (1) |
|---|
- 0-2 years' experience for junior role | 3+ years for Software Engineer II level
- Typically requires 0-3 years web development experience
- 1-3 years automation development using any automation software: Git, Scrum, and SDLC
- Prefer Python, Ansible, Splunk, and/or Dynatrace experience
- AWS experience a plus
- Typically requires an Associate's Degree in Information Technology or a related field
- Collaborate with IT and business contacts for successful execution
- Work as a team player
- Willingness and passion to learn
- Good written and verbal communications skills
- Self-starter, organized, detail-oriented person
- Ability to adapt to and succeed in a fast paced, changing environment
- Ability to multi-task
- Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future
- Bachelor’s degree specializing in STEM (Science, Technology, Engineering, Mathematics), or a closely related field, from an accredited college or university, or equivalent combination of directly related education and/or experience.
- Working with subject matter experts to gather requirements for automation
- Working with automation team to develop scripts using Ansible, Splunk, and Dynatrace
- Maintaining automation documentation on standards, templates, and operational needs
- Scheduling automated using Ansible Tower or similar software
- Working with automation team to continually improve process, drive cost reduction activities and build domain knowledge
- AWS experience a plus
The Federal Reserve System is the central bank of the United States that conducts national monetary policy, supervises and regulates banks and bank holding companies, and provides financial services for banks and the U.S. government. It uses tools like setting interest rates, market operations, bank supervision, and payments services to influence credit, prices, and financial stability, operating through 12 regional banks and a Board in Washington. It is different from private banks because it is a public-mission institution with a nationwide mandate and a regional structure that blends national policy with local insight, not focused on profits. Its goal is to promote a strong economy and a stable financial system for the United States.
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
null
Founded
1913
Your Connections
People at The Federal Reserve System who can refer or advise you
Simplify's Take
What believers are saying
- Fed Chair Warsh links future rates to AI productivity gains, signaling supply-side monetary policy expansion.
- Stablecoins like Tether drive $141B U.S. Treasury demand, strengthening dollar global role and safe asset markets.
- Veterant economists Covitz and Engstrom advise Warsh, enhancing internal research on economic projections and Treasury yields.
What critics are saying
- Stablecoin redemption crises could force rapid Treasury cash raises, destabilizing short-term government debt markets within 6–12 months.
- Private credit market stress threatens systemic instability with 40–60% probability in 6–12 months, underestimating hidden capital buffer risks.
- Geopolitical oil shocks may inflate prices enough to paralyze Fed policy response to downturns within 6–12 months.
What makes The Federal Reserve System unique
- The Fed uniquely combines national monetary policy with 12 regional banks ensuring diverse economic perspectives.
- It operates as an independent central bank without congressional funding or executive approval for policy decisions.
- The Fed fulfills a dual mandate of price stability and maximum employment through interest rate adjustments.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
401(k) Retirement Plan
Paid Vacation
Paid Sick Leave
Paid Holidays
Pet Insurance
Wellness Program
Company News
Fed chair Warsh taps veteran staff economists as advisers. U.S. Federal Reserve Chairman Kevin Warsh has tapped veteran Fed staff economists Daniel Covitz and Eric Engstrom to serve as advisers, experts whose recent work included a critical look at the Fed's Summary of Economic Projections and the reasons behind rising U.S. Treasury yields. The appointments were first reported by the Wall Street Journal and confirmed by a source familiar with them. Staff advisers to Fed board members serve as day-to-day reference points for research and analysis, crafting remarks and vetting ideas.
Fed's Waller links stablecoins to U.S. Treasury demand. Last updated: June 23, 2026 10:47 pm 3 hours ago Federal Reserve Governor Christopher Waller has placed stablecoins directly inside the debate over the dollar's global role, pointing to digital assets as a new channel for payments, dollar access and demand for U.S. safe assets. In June 22 welcoming remarks at the Fed's Fifth Conference on the International Roles of the U.S. Dollar in Washington, D.C., Waller said digital assets such as stablecoins are creating new channels for global dollar intermediation alongside traditional banking and payment systems. He also said conference papers were examining how dollar-backed stablecoins may connect global liquidity demand directly to U.S. Treasury markets. That puts a central-bank policymaker behind one of crypto's biggest macro arguments: stablecoins are no longer just exchange settlement tokens. They are becoming large private-sector distribution rails for dollar-denominated assets, with reserve portfolios that can feed demand for Treasury bills and other short-duration government instruments. The market is already large enough for the Fed to pay attention. Total stablecoin market capitalization stood near $315.4 billion, with USDT and USDC still dominating supply. Most major fiat-backed stablecoins hold reserves in cash, Treasury bills, repo and other short-term liquid instruments, turning user demand for digital dollars into issuer demand for safe assets. Tether shows the scale of the Treasury link. Tether remains the clearest example of how stablecoin supply can overlap with U.S. government funding demand. The company reported about $141 billion in direct and indirect U.S. Treasury bill exposure as of March 31, alongside roughly $183 billion in token-related liabilities. That reserve base puts Tether in the same conversation as major foreign official holders of U.S. debt. U.S. Treasury TIC data placed South Korea's Treasury holdings at $135.2 billion at the end of April, below Tether's reported Treasury-linked exposure from Q1. The comparison does not make Tether a sovereign investor. It shows how large stablecoin issuers can become structural buyers of short-term U.S. debt when global users hold digital dollars for trading, payments, savings and cross-border transfers. More stablecoin demand can require more reserves. More reserves can mean more Treasury-bill demand, particularly when regulation pushes issuers toward highly liquid government-backed assets. That same structure has made Tether one of the most profitable companies in crypto. Its recent USDT reserve-buffer report showed how Treasury-heavy reserves can turn stablecoin scale into large interest income. Stablecoin growth brings redemption risk. The macro link cuts both ways. Stablecoins can support Treasury demand while supply is growing, but large redemptions can force issuers to raise cash quickly. That is why analysts often compare large stablecoin issuers with money-market funds: both promise near-par value, both depend on liquid short-term assets, and both can face pressure if users rush to redeem. A heavily regulated stablecoin market could reduce some of that risk by setting clearer reserve, custody, disclosure and redemption rules. It could also make the Treasury connection stronger if issuers are required to hold more cash-like assets. Newer U.S.-facing stablecoins, including Tether-backed USAT and Ripple's RLUSD, are already competing around regulated issuance, reserve transparency and institutional settlement use cases. For Ripple, RLUSD and other regulated stablecoin issuers, Waller's remarks strengthen the argument that dollar tokens are becoming part of financial-market plumbing rather than only crypto trading collateral. That matters for networks such as XRP Ledger, where RLUSD and tokenized assets are already part of the RWA settlement story. Waller's June 22 remarks did not announce a Fed policy change or stablecoin rule. They placed dollar-backed stablecoins on the Fed's research agenda as payment rails, cross-border settlement tools and potential Treasury-demand channels. The hard market numbers are now visible: stablecoins sit near $315.4 billion in total supply, USDT holds about 59% market dominance, and Tether's latest reported Treasury-bill exposure stands at roughly $141 billion.
Feds want your take on new identity rules for stablecoin companies. Five major federal agencies just dropped a joint proposal that could shape how stablecoin issuers verify their customers' identities. And they're asking for your input. The Financial Crimes Enforcement Network (FinCEN) is teaming up with the FDIC, OCC, Federal Reserve Board, and NCUA to craft customer identification program (CIP) requirements for permitted payment stablecoin issuers. Think of it as the "know your customer" rulebook for the crypto world, except this time it's specifically tailored for companies operating under the recently passed GENIUS Act. Yes, that's actually what they called it: the Guiding and Establishing National Innovation for U.S. Stablecoins Act. Someone in Congress clearly had fun with that acronym. What's happening here. The GENIUS Act created a whole regulatory framework for payment stablecoins, putting the NCUA in charge of licensing and supervising stablecoin issuers that operate as subsidiaries of federally insured credit unions. The law also officially designated these stablecoin issuers as financial institutions under the Bank Secrecy Act, which means they're now playing by the same anti-money laundering rules as traditional banks. This new proposed rule would require stablecoin issuers to build and maintain effective programs for identifying their customers. It's basically bringing these digital currency companies into the same regulatory fold that traditional financial institutions have been operating in for years. What the regulators are saying. "This is the next step to ensure that permitted payment stablecoin issuers are fully integrated into Bank Secrecy Act regulations," NCUA Chairman Kyle Hauptman explained. He emphasized that the joint rule mirrors the CIP requirements already in place for credit unions. "It sets clear standards for identifying and verifying account holders and safeguards the interests of credit unions and their members," Hauptman continued. "By establishing robust customer identification requirements, we are reinforcing our commitment to preventing money laundering and terrorist financing in our financial system." The bigger picture. This proposal isn't coming out of nowhere. The NCUA has been steadily building out its stablecoin regulatory apparatus over the past few months. In February 2026, they released a proposed regulation for handling applications from stablecoin issuers under their jurisdiction. Then last month, they issued another proposed rule laying out operational and risk management standards for licensed payment stablecoin issuers. This latest proposal is essentially the next piece of that puzzle, focusing specifically on the identity verification side of things. Now it's your turn. If you've got thoughts on how these customer identification requirements should work, the agencies want to hear from you. Public comments are due 60 days after the rule gets published in the Federal Register, so you'll have a short window to weigh in on how this corner of the crypto world gets regulated.
U.S. Federal Reserve announces development of blockchain-based Digital Dollar. Total Shares In a groundbreaking move with potential far-reaching implications for financial markets globally, the U.S. Federal Reserve has officially announced plans to develop a blockchain-based digital dollar. This initiative, aimed at bolstering the digital economy and enhancing the monetary system's efficiency, marks a significant shift in the approach of federal agencies towards blockchain technology. Digital Currencies Dubbed as the "FedCoin," this digital currency project aligns with an increasing trend among central banks around the world to explore and implement central bank digital currencies (CBDCs). With the announcement coming on the heels of extensive research and speculation, the Federal Reserve's embrace of blockchain signifies a pivotal transformation in the monetary landscape. Significance of a Blockchain-based Digital Dollar The development of a digital dollar using blockchain technology offers multiple advantages. Primarily, it proposes enhanced transactional efficiency and security. Blockchain's decentralized nature means that transactions can be processed quicker and more securely compared to traditional banking systems, which often involve multiple intermediaries. Moreover, FedCoin aims to provide an inclusive financial system accessible to the unbanked and underbanked populations. By reducing barriers to entry for financial services, the blockchain digital dollar can play a critical role in boosting financial inclusion across the country. Technical and Regulatory Framework The Federal Reserve's announcement also detailed the technological and regulatory framework that will underpin the digital dollar. The Fed plans to collaborate with other federal and state regulatory bodies to ensure that the digital dollar aligns with current legal structures while fostering innovation and stability in the financial system. One significant aspect under consideration is the privacy of transactions. As public trust plays a crucial role in the adoption of new technology, the Federal Reserve is working diligently to strike a balance between necessary regulatory oversight and the privacy concerns of users. Global Impact and Market Reactions The global repercussions of the U.S. transitioning to a blockchain-based digital currency could be profound. Analysts predict that the move could bolster the dollar's role as the world's primary reserve currency by providing an easier, more efficient, and secure method for cross-border transactions. Initial market reactions have been largely positive, with significant interest from financial institutions looking to integrate FedCoin into their payment systems. Moreover, technology and blockchain companies have seen a surge in their stocks following the announcement, reflecting investor confidence in the broader adoption of blockchain technologies. Challenges Ahead Despite the promising outlook, the rollout of a blockchain-based digital dollar presents substantial challenges. Technical issues, such as scalability and interoperability with existing financial technologies, need to be addressed. Moreover, there is a critical need for a comprehensive educational campaign to familiarize the public and businesses with the workings and benefits of the new digital currency. Conclusion The Federal Reserve's initiative to develop a blockchain-based digital dollar represents a transformative moment for the U.S. financial system and potentially for the global economy. As the project progresses, it will be crucial to monitor how the integration of such a digital currency influences financial stability, privacy, and digital security. By positioning itself at the forefront of blockchain adoption, the U.S. signals its commitment to leading the charge in the evolving landscape of digital currencies. The success of FedCoin could not only revolutionize how Americans interact with money but also set a global standard for the future of monetary transactions in the digital age.
Federal Reserve chair Jerome Powell told Harvard University students that the US is experiencing weak job creation despite low unemployment, as artificial intelligence reshapes hiring practices. Speaking on 30 March, Powell acknowledged graduating students face challenges entering the workforce due to low job creation, AI adoption and immigration policy changes. Powell said interest rates are in a "good place" and the Federal Open Market Committee left rates unchanged in March. He noted raising rates now could harm the economy later. Despite these headwinds, Powell described the US economy as "incredibly dynamic and productive", noting US productivity has grown at roughly twice Europe's pace since World War II. Major technology companies continue cutting jobs that can be automated, with Meta Platforms recently laying off hundreds of employees whilst increasing AI spending.