Currency Technology and Support Engineer

Company

Federal Reserve Bank of Richmond

When you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic team of mission-driven professionals to strengthen and protect our economy and our communities.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life.

In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more.

All brought together in a work environment where you can truly find balance.

About the Opportunity

Federal Reserve Financial Services (FRFS) delivers a suite of payments services to financial institutions via FedLine® Solutions, Fedwire®, National Settlement Service (NSS), FedCash®, FedACH®, and Check Services.

We are currently leading a strategic effort to transform FRFS to a national, enterprise-focused organization.

Over time, FRFS will offer an increasingly integrated set of Federal Reserve payment services, incorporating the FedNowSM Service upon its market entry in 2023.

Through our evolved structure, we will meet the needs of the marketplace for new products and services more quickly, we will seek to provide a more robust and unified customer experience across our financial service offerings, and we will create new career growth opportunities for FRFS staff. 

Our Currency Technology & Support Office’s (CTS) FedCash Engineering team has an immediate opening for an Engineer to support the design, development, and integration of high-speed sensors and the development of banknote sorting configurations.

This is an opportunity to join a fast-paced, high-performing team whose work directly contributes to the integrity of US currency in circulation.

As a CTS Engineer, you will report to the Senior Manager of Engineering and use your technical expertise to develop requirements and evaluate detailed design specifications from third party vendors.

You will assess vendors’ technical approach to the development, manufacturing, and integration of high-speed processing equipment and sensors, and validate their manufacturing processes.

 You will also influence design decisions to increase the reliability and maintainability of products. Your work may also include supporting new currency design by ensuring high-speed processing equipment and sensors are adapted for new currency features.

In addition, you will utilize general programming skills to design and develop configuration packages that direct how the Federal Reserve evaluates and sorts banknotes.  You will learn the reporting elements of each sensor and the fundamentals of banknote sorting, and combine those to implement configurations that accom...