There's currently one on the frontpage for GiveCampus, shown below a regular story:
14. The Haunted House – Privacy on Google Street View (harpers.org)
8 points by b0b10101 1 hour ago | flag | hide | 1 comment
15. GiveCampus (YC S15) hiring Sr Engineers who care about education (lever.co)
1 hour ago | hide
Distinctive features: no upvote button, no point value, no flag link, no comments.
Right, I included the Haunted House entry (a regular story) for contrast.
The job posting is certainly "sponsored content", a privileged post put there at the behest of a third party, which blends in fairly well with neighboring posts yet isn't subject to the normal rules. I don't know if money actually changes hands to put it there (maybe each YC company is granted a posting there, or maybe they have to pay for it), but in other respects it's straightforwardly an ad for a job.
All that said, I have no problem with it being there.