Currency Technology Engineer

Company

Federal Reserve Bank of Richmond

When you join the Federal Reservethe nations central bankyoull play a key role collaborating with a dynamic team of missiondriven professionals to strengthen and protect our economy and our communities.

Bring your passion and expertise and well provide the opportunities that will challenge you and propel your growthalong 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 topnotch 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 enterprisefocused 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 Offices (CTS) FedCash Engineering team has an immediate opening for an Engineer to support the design development and integration of highspeed sensors and the development of banknote sorting configurations. This is an opportunity to join a fastpaced highperforming 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 highspeed processing equipment and sensors and validate their manufacturing processes. You will also influence design decisions to increase the reliability and maintainability of work may also include supporting new currency design by ensuring highspeed 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 accomplish specific testing or production needs.

What You Will Do:

• With proprietary software design and develop equipment configurations that map raw data from the sensors and system into logical expressions which determine sorting methodology for banknote authenticity and fitness.

• Work with vendors to support hardware and software development efforts at the system subsystem or component levels contributing to the accomplishment of integration and testing tasks.

• Operate highspeed currency processing equipment in support of sensor and machine testing.

• Collaborate with US government agency partners on new currency feature design and development ensuring compatibility with the capabilities of CTS highspeed processing equipment and sensors.

• Conduct independent analysis to understand and resolve complex technical operational or process challenges related to highspeed currency processing.

• Frequent travel including overnight stays possible (up to 25%).

Qualifications:

• Bachelors degree or higher in an Engineering Discipline Math Physics or related technical field or equivalent experience.

• Ability to obtain and maintain a National Security Clearance (Secret) is required for this role.

• Familiarity with basic programming languages databases and electromechanical design fundamentals is highly desired.

• Familiarity with machine learning and/or artificial intelligence is desired but not required.

• Knowledge of configuration and change management requirements development concepts and best practices.

• Knowledge of testing procedures and familiarity with quality systems principles.

• Experience with report design tools such as ComponentOne is desirable.

• Experience with Power BI or Tableau is desirable.

• Broad ability to:

  • Interpret and apply knowledge of currency features highspeed currency processing equipment and currency processing methods.

  • Establish and maintain mutually satisfying and productive relationships with colleagues and stakeholders.

  • Use data to understand the broader picture and identify future trends.

  • Adhere to strict custody control requirements for handling valuables (US currency).

  • Adapt and look for opportunities to make improvements to contribute to our organization.

Discover the Reason Why So Many People Love It Here!

When you join the Richmond Fed not only will you find a challenging and purposeful career youll also have access to a wide range of benefits and perks that support your health and wealth including:

• Great medical benefits

• Pension and 401(k) with employer match

• Paid time off

• Tuition reimbursement

• Paid volunteer leave

• Onsite amenities that make working here fun!

Other Requirements and Considerations:

• Candidates should review the Banks Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.

• If you need assistance or an accommodation due to a disability please notify .

• Sponsorship is not available for this role. The selected candidate will be subject to a government security investigation and must meet eligibility requirements for access to classified information. The ability to obtain and maintain a National Security Clearance is required for this role. US Citizenship is required to be eligible for a National Security Clearanc.

• The hiring range of this position is as follows:

  • CTS Engineer Associate hiring range: $68200 $93700 annually

  • CTS Engineer Intermediate hiring range: $91400 $125730 annually

• The salary offered will be based on the job responsibilities and the individuals knowledge skills and experience as defined in the job qualifications/experience.

• Interested candidates are strongly encouraged to apply by May 27 2025.

• Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels.

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 ( or through verified Federal Reserve Bank social media channels.

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