What are the responsibilities and job description for the Fall 2026 Coop: Digital Money and Payments Research & Development position at Federal Reserve Bank of Boston?
Company
Federal Reserve Bank of Boston
The Federal Reserve System serves as the central bank of the United States. Its fundamental mission is to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payments systems.
This position is responsible for supporting the Federal Reserve System’s Research and Development around the future of money and payments.
This role requires an in-person schedule with onsite work expected for intentional collaboration. Candidates must reside in commutable distance to the Boston office.
What we do:
Given the role of the US dollar and payment systems, the Federal Reserve System seeks to further understand the implications, costs, and benefits of the use of different technologies for the future of money and payments, notably as these relate to the roles of a central bank supporting the U.S. financial system. This position offers a unique opportunity to be part of a world-class team working on cutting edge technologies related to digital assets, the application of smart contracts, wholesale settlement services, ledger design, and advanced cryptography. You will participate in a dynamic work environment that has the feel of a startup while also maintaining the benefits of a larger organization.
This role is designed for students to gain real life experience working in a multi-faceted team. Depending on qualifications, the successful candidate may gain experience in operations, product, and/or engineering.
About You:
Open to both undergraduate and graduate students, preferably in a relevant field such as engineering, product, business, economics, finance, law, or communications. A successful candidate will have the following qualifications:
Range is $18-$31 per hour. Actual pay within the range will be set based on undergraduate/graduate year and relevant experience.
The Federal Reserve Bank of Boston is committed to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
Full Time / Part Time
Full time
Regular / Temporary
Temporary
Job Exempt (Yes / No)
No
Job Category
Internship 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 (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.
Privacy Notice
Federal Reserve Bank of Boston
The Federal Reserve System serves as the central bank of the United States. Its fundamental mission is to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payments systems.
This position is responsible for supporting the Federal Reserve System’s Research and Development around the future of money and payments.
This role requires an in-person schedule with onsite work expected for intentional collaboration. Candidates must reside in commutable distance to the Boston office.
What we do:
Given the role of the US dollar and payment systems, the Federal Reserve System seeks to further understand the implications, costs, and benefits of the use of different technologies for the future of money and payments, notably as these relate to the roles of a central bank supporting the U.S. financial system. This position offers a unique opportunity to be part of a world-class team working on cutting edge technologies related to digital assets, the application of smart contracts, wholesale settlement services, ledger design, and advanced cryptography. You will participate in a dynamic work environment that has the feel of a startup while also maintaining the benefits of a larger organization.
This role is designed for students to gain real life experience working in a multi-faceted team. Depending on qualifications, the successful candidate may gain experience in operations, product, and/or engineering.
About You:
Open to both undergraduate and graduate students, preferably in a relevant field such as engineering, product, business, economics, finance, law, or communications. A successful candidate will have the following qualifications:
- High level of self-motivation and initiative.
- Sophisticated user of Microsoft Office tools (e.g., Word, Excel, and PowerPoint).
- Good interpersonal and presentation skills.
- Strong team player.
- Computer systems engineering
- Product management
- Video editing and UX skills.
- Working knowledge of the Federal Reserve System.
- Comfort using AI.
- Strong grasp of the fundamentals of money, banking, payments, finance, and related concepts.
- Ability to balance longer-term objectives and shorter-term deliverables efficiently, successfully, and on time.
Range is $18-$31 per hour. Actual pay within the range will be set based on undergraduate/graduate year and relevant experience.
The Federal Reserve Bank of Boston is committed to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
Full Time / Part Time
Full time
Regular / Temporary
Temporary
Job Exempt (Yes / No)
No
Job Category
Internship 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 (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.
Privacy Notice
Salary : $18 - $31