Cash Manager - Night Shift

Federal Reserve Bank (FRB); Detroit (MI); On-site; USD 152,000 - 179,000; Full time

Benefits offered by this job

Comprehensive benefits package

Learning environment and career growth

Job summary

Federal Reserve Bank of Chicago is seeking a Cash Manager in Detroit to lead night shift operations within the Cash Services Department. The role involves coordinating currency handling processes, staffing, and ensuring compliance with policy and procedures to maintain secure operations.

The ideal candidate has 5+ years of professional experience, strong leadership skills, and proficiency with MS Office tools.

Qualifications

• Bachelor's Degree or equivalent experience with 5+ years of professional work experience.
• Experience managing direct reports and overseeing functional units.
• Strong business acumen and talent management leadership competencies.
• Ability to use MS Outlook, MS Word, MS Excel and automated information technology systems.
• Ability to work extended hours.

Responsibilities

• Primary responsibility for the night shift operation, coordinating departmental processes and initiatives across both shifts.
• Manage the operations of the Cash Services Department under the direction of the Cash Services Officer.
• Oversee one or more functional units, ensuring staffing and training to support business needs.
• Develop, plan, and organize resources to meet department goals, objectives, and budget targets.
• Ensure strict compliance with all policies and procedures within controlled environments and valuables handling areas.

Skills

Direct reports management

MS Outlook

MS Word

MS Excel

Education

Bachelor's degree or equivalent experience

Job description

Company Federal Reserve Bank of Chicago

The Federal Reserve is one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.

The Cash Manager leads the activities and personnel of one or more assigned areas within the Cash department, ensuring the secure and efficient circulation of currency and coin to meet the needs of financial institutions and the public both during routine operations and periods of crisis. This role is responsible for developing, planning, and organizing resources to achieve department goals, objectives, and budget targets, while maintaining strict compliance with all applicable policies and procedures in a controlled environment. The level of work required is considered advanced and staff must be able to work under minimal to no supervision. This job has direct reports.

Your Responsibilities

• Primary responsibility for the night shift operation, with accountability for coordinating departmental processes and initiatives across both shifts.


• Manage the operations of the Cash Services Department under the direction of the Cash Services Officer.


• Oversee one or more functional units, ensuring adequate staffing and training to support business needs.


• Develop, plan, and organize resources to meet department goals, objectives, and budget targets.


• Ensure strict compliance with all policies and procedures within controlled environments and valuables handling areas.


• Coordinate employment decisions, including selecting qualified personnel, evaluating performance, recommending salary adjustments, promotions, terminations, and employee training and development.


• Provide support for developing plans and recommend department quality, productivity, and service level goals based on Branch, District, and System standards.


• Monitor and manage daily department/unit activities, including receipt, processing, shipping, and destruction of currency and coin.


• Resolve operational problems and take corrective action to ensure effective operations and adherence to controls.


• Maintain effective communication and coordination between the Cash Services Department and external entities, other Bank departments, Branches, Reserve Banks, and financial institutions.


• Ensure proper application of all governing procedures, including Custody Control Standards, Federal Reserve Currency Operational Manual, District Procedure Manual, and other documents.


• Plan for staffing needs and select qualified staff to meet current and future requirements; train and develop staff for operational depth and maximum use of strengths.


• Counsel subordinate staff on performance expectations and progress; recommend personnel actions including disciplinary actions and terminations under the Bank’s progressive discipline policy.


• Collaborate with other managers to coordinate, develop, and recommend operating and capital budgets; monitor expenditures and explain variances; recommend actions to meet operational requirements.


• In collaboration with the leadership team, develop coaching plans, implement development discussions and/or learning opportunities to build knowledge and depth of team’s proficiency

Your Background

• Bachelor's Degree or equivalent experience as in 5+ years of professional work experience.


• Experience managing direct reports and overseeing functional units.


• Strong business acumen and talent management leadership competencies


• Ability to use MS Outlook, MS Word, MS Excel and automated information technology systems


• Ability to work extended hours.


• Intermediate analytical skills including sound business judgment and ability to think independently


• Effective written and verbal communication skills with the ability to influence peer leaders and business partners


• Strong attention to detail and organization skills


• Strong interpersonal relationship building skills

What we Offer

• Comprehensive benefits package includes medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off, transit benefit, onsite gym and subsidized cafeteria


• A learning environment with opportunities to gain new skills and grow your career

Additional Requirements

• Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.


• This position has additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take approximately two months to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well.


• As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank’s ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.

The expected starting salary range for this position in Detroit is between $151,700 and $179,400 annually in addition to potential annual performance-based discretionary bonuses. Final salary and offer will be determined based on the employing Bank and the applicant’s relevant experience, skills, internal equity, and alignment with geographic and other market data.

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.

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.

Full Time / Part Time Full time

Regular / Temporary Regular

Job Exempt (Yes / No) Yes

Job Category Operations Family Group

Work Shift Third (United States of America)