Senior COBOL Engineer (contract)

At BNY, our culture allows us to run our company better and enables you to grow and succeed. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world’s investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.

Recognized as a top destination for innovators and champions of inclusion, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what is all about. Join us and be part of something extraordinary.

Job Summary

BNY is seeking a Senior COBOL Engineer to join the ECS platform team supporting core custody processing, with a focus on client tax-related applications. This role is responsible for designing, developing, and maintaining secure, resilient systems across mainframe environments, ensuring accuracy, regulatory compliance, and operational stability for mission-critical financial services platforms.

This role is based in Jersey City, NJ and requires four or more days onsite per week. The position is a 12-month consulting engagement supporting core custody and tax processing systems.

Key Responsibilities

• Mainframe Application Development: Design, develop, and maintain applications using COBOL, CICS, JCL, and DB2 within a mainframe environment.
• Requirements Analysis & Solution Design: Analyze business requirements, particularly within custody and tax processing, and translate them into scalable technical solutions.
• Custody & Tax Processing Support: Build and support applications that drive securities and custody-related workflows, ensuring regulatory compliance and data integrity.
• Production Support & Issue Resolution: Provide ongoing support for mission-critical systems, troubleshoot issues, and resolve production incidents efficiently.
• System Architecture & Engineering Standards: Follow and contribute to architecture standards, SDLC processes, and engineering best practices across applications and infrastructure.
• System Integration & Modernization: Support integration with distributed systems and contribute to modernization initiatives, including microservices and AI-assisted development.
• Code Quality & Testing: Participate in code reviews, debugging, and system testing to ensure delivery of high-quality, reliable code.
• Cross-Functional Collaboration: Work with internal technology teams and architects to deliver solutions aligned with business and operational needs.
• Technical Consulting & Mentorship: Provide technical guidance and support knowledge sharing across the team.
• Emerging Technology Adoption: Stay current with new tools and technologies, including AI-assisted coding and workflow optimization tools.
• Documentation & Compliance: Maintain technical documentation and ensure adherence to security, compliance, and audit requirements.
  
  

Qualifications

• 7 years of experience in COBOL/mainframe development
• Strong expertise in COBOL, CICS, JCL, VSAM, TSO, REXX, and IMS DB
• Strong experience with DB2 databases
• Experience with messaging technologies such as MQ
• Proven experience working in Agile development environments
• Proficiency with SDLC tools such as Git
• Strong understanding of mainframe architecture and high-resiliency systems
• Experience in financial services, specifically banking, securities, or custody platforms
• Strong analytical, problem-solving, and organizational skills
• Ability to work independently and take ownership of tasks from analysis through delivery
• Bachelor’s degree in Computer Science, Engineering, or related field (or equivalent experience)
  
  

Preferred Experience

• Custody back-office systems experience
• Global and U.S. tax processing knowledge
• Experience with microservices architecture or distributed systems integration
• Familiarity with AI-assisted coding tools (e.g., Windsurf, Cursor)
• Experience mentoring junior engineers
  
  

Why Join Us

This role offers the opportunity to work on mission-critical custody and tax processing systems within a global financial institution. You will play a key role in maintaining and enhancing core mainframe applications while contributing to modernization efforts, including the adoption of emerging technologies. This is an ideal opportunity for an experienced engineer who thrives in a hands-on, technically focused environment supporting high-impact financial systems.

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Pay Rate Range

78.4 - 98 USD hourly

Additional Notes

Applications will be accepted on an ongoing basis.

This posting is for a contract assignment with Tundra Technical Solutions to provide services to Bank of New York (BNY). Please note that this is not a full-time employment opportunity. Candidates selected for this role will be engaged as contractors for the specified duration of the project. For any inquiries regarding the terms of the contract or engagement, please contact Tundra Technical Solutions directly.

Benefits Information

Optional benefits offering include medical, dental, vision and retirement benefits via Tundra Technical Solutions.