Cash Manager - Night Shift

Federal Reserve Bank of New York

Detroit (MI)

On-site

USD 152,000 - 179,000

Full time

8 days ago

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Benefits offered by this job

Comprehensive benefits package

Learning and growth opportunities

Job summary

Federal Reserve Bank of Chicago is seeking a Cash Manager to lead night-shift operations within the Cash Services Department. You will oversee staffing, training, and process execution, ensuring currency and coin handling meets strict controls and budget targets.

Ideal candidates bring 5+ years of leadership in financial operations, strong analytical and communication skills, and the ability to influence cross-functional teams.

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.
Strong analytical skills with sound business judgment and independent thinking.
Effective written and verbal communication with the ability to influence peers and partners.
Strong attention to detail and organizational skills.
Strong interpersonal relationship building skills.

Responsibilities

Oversee night shift operation and coordinate across shifts.
Manage Cash Services Department operations under supervision.
Ensure staffing and training to support business needs.
Develop resources to meet department goals and budget targets.
Ensure compliance with policies and procedures in controlled environments.
Coordinate staffing decisions, performance evaluations, salary recommendations, promotions, terminations, and development.
Support planning for department quality, productivity, and service level goals.

Skills

People management

Leadership

Analytical skills

Attention to detail

Communication skills

Interpersonal skills

MS Outlook

MS Word

MS Excel

Office automation

Education

Bachelor's Degree or equivalent experience

Tools

Microsoft Office

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.

Salary

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.

Contract

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)

Equal Opportunity

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.

Equal Opportunity (repeated)

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.

Privacy Notice

OUR BANK has 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.

OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.

Why Our People Choose Us