Fall 2026 Coop: Digital Money and Payments Research & Development

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.

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.