The project’s main activities are:

• analysis of the monetary policy and financial stability risks and opportunities of CBDC, as well as its broader economic design choices;
• analysis of the potential use cases of CBDC and understanding which are likely to present the greatest net benefits;
• international collaboration through bilateral and multilateral engagement with other central banks
• external engagement with government authorities to advance wider public policy issues around CBDC, including competition, data and privacy;
• work around functional design to figure out what features a CBDC should have for consumers and merchants to ensure it is widely used and accepted;
• research and experimentation to understand the technology design choices available to us and to assess which to take.

Reporting to the Senior Manager for CBDC Technology, you will be part of an influential group of technology specialists, working alongside a wider team of economics and policy focused colleagues.

You will be responsible for developing proof of concepts and other technical experiments to explore relevant CBDC technology issues at the cutting edge of technology and innovation. The role will also involve collaborating with colleagues on the technology choices required to deliver the functional and non-functional requirements necessary for a retail CBDC, and developing a deep understanding and of a (range of) potential architectural model(s) for CBDC, and its underlying design features.

You will also contribute to the Bank’s wider work on CBDC, including working collaboratively with the wider CBDC project, inputting into international collaborations, wider external engagement, our assessment of the technical requirements for CBDC, and working collaboratively with colleagues across the Bank on technology matters.

Essential

Given that the roles will be working on a wide range of experiments across a number of potential collaborators and technology stacks, we are looking for adaptable technologists, able to learn new technologies to tackle specific challenging problems and demonstrate your experiments to the technology team and the wider Bank. Given the number and wide scope of these technologies we are not expecting you to know every possible technology in use. This is a great opportunity to get involved and learn new tools and technologies.

We are looking for someone who:

• Has proven delivery of full stack applications utilising n-tier architecture
• Has experience in lightweight server side scripting languages
• Has experience in a modern UI libraries, single page apps and restful apis
• Has experience in an object orientated programming languages such C++/Java/C#/ Rust
• Can advocate for and employ good development practices on the team such as consistent branching strategy, coding standards, Test Driven Development, Continuous Integration and Continuous Testing
• Is curious and enquiring with attention to detail
• The ability to work successfully as part of a multidisciplinary team

Desirable

• Experience with secure coding standards (e.g. NIST, OWASP, SANS)
• Experience working with agile methodologies
• Database development skills (Either relational or noSQL)
• Experience deploying to Cloud Environments
• Experience developing and deploying Docker Containers/Kubernetes
• Banking, Payments or Fintech experience and associated message formats (ISO 20022 etc)
• Knowledge in financial compliance
• Interest in distributed ledger design/DeFi
• A keen interest in CBDC or the future of money.