The San Francisco Federal Reserve Bank posted job opportunities for its upcoming in-house project to develop the Central bank digital currency(CBDC) system.
The San Francisco-based Fed admitted receiving 45 applications from individuals showing interest in joining the federal government.
Fed’s Job Posting for CBDC Software Engineer
The Fed announced a vacancy for a software engineer position. It seeks to recruit an engineer tasked with developing and implementing systems to facilitate CBDC. The San Francisco Fed indicated on February 18 a vacancy it desires to fill with a senior application developer.
The job posting revealed that successful individuals would oversee the system’s design and implementation towards CBDC research. In particular, the post indicated that the Fed acknowledges the essence of the digital dollar and needs to ascertain the costs and benefits of CBDC technologies. The post emphasized the Fed’s intention to understand potential technologies for the emerging CBDC field.
Mitigating Risks Inherent in CBDC Systems Design
The post outlined the primary responsibilities would involve the development of CBDC systems. Also, the successful applicant will identify improvements and mitigate the inherent risks.
The job post disclosed that the individual would work from the Fed’s office in San Francisco, California. The successful recruit would earn a base salary from $110300 to $ 176300.
The 45 applicants for the position relish the opportunity to work with the federal government’s in-house CBDC project.
The Fed clarified that the software engineer would directly interact with the management. The board of governors’ post indicated that the task is a team role involving other developers, operations teams, and vendors. The presence of multiple stakeholders ensures the Fed optimizes the designing, development, and implementation of tech viable to support CBDC in the future.