Cash Operations Specialist

Federal Reserve Bank of New York; Minneapolis (MN); On-site; USD 43,000 - 64,000; Full time

Benefits offered by this job

Healthcare options

401(k) match

Pension plan

Paid time off

Job summary

The Federal Reserve Bank of Minneapolis is seeking a Cash Operations Specialist to join its Ninth District currency processing team. The role reports to the Cash Operations Supervisor and involves hands-on currency handling, verification, and machine operation in a secure, compliant setting.

Qualifications include a high school diploma or equivalent; math skills and currency handling experience are preferred. On-site work is required in Minneapolis with potential for overtime during peak periods.

Qualifications

• High school diploma or equivalent; college education preferred.
• Proficiency in basic mathematics required; accounting skills preferred.
• Entry-level position with some currency handling or financial services experience preferred.

Responsibilities

• Perform in a regulated, compliance-focused operations environment.
• Prepare currency and coin shipments to meet quality standards.
• Verify incoming currency and coin shipments.
• Operate and monitor high-speed currency processing machines.
• Balance team inventory daily via cash application system.
• Overtime required during heavy volume periods.

Skills

Attention to detail

Mathematical proficiency

Currency handling experience

Education

High school diploma or equivalent

College education preferred

Tools

Forklift certification

Job description

Company Federal Reserve Bank of Minneapolis

Are you interested in applying your attention to detail, operations experience, and problem-solving skills to become part of a dynamic operation that is an important part of the Central Bank function? Reporting to the Cash Operations Supervisor, our Cash Services department is looking for a Cash Operations Specialist to join the Ninth District Federal Reserve Bank currency processing operations in our Minneapolis location.

Job Responsibilities:

• Perform job functions in a regulated and compliance-focused, operational environment.
• Follow local procedures and controls to ensure compliance with the U.S. Treasury and Federal Reserve Board of Governors guidelines.
• Maintain quality and productivity standards.
• Prepare currency and coin shipments for depository institutions to meet all quality standards.
• Verify all in-coming currency and coin shipments from depository institutions.
• Verify supporting documentation with the currency to ensure integrity and accuracy of the deposit.
• Operate and monitor high-speed currency processing machines in a production and processing operation.
• Verify all currency and ensure accountability for all notes.
• Count and manage a large quantity of currency or coin on a 1-4 member team.
• Maintain custody control standards and ensure supporting documentation for all transactions is completed.
• Balance the team inventory daily through the cash application system.
• Participate in team-oriented environment while working in close proximity with other employees.
• Mandatory overtime is required to address out-of-balance situations or heavy volume periods.
• Required to complete and pass, as a requirement of the position, counterfeit detection training and testing, and forklift certification training and testing.

Qualifications:

• High school diploma or equivalent.
• College education is preferred.
• Proficiency with basic mathematics is required.
• Proficiency in accounting skills is preferred.
• Entry level position.
• Some experience in currency handling, financial services or operations environment preferred.
• Ability to lift/carry up to 50 pounds.

Additional Information:

• Onsite work is an essential function of this position, and you are expected to be in the office 5 days per week for meetings and team collaboration and along with occasional weekends and/or temporary shifts outside regular work schedules. Individuals may also provide on call coverage as needed.
• Salary range is $42,700-$53,405-$64,100 (For Level II: $46,900- $58,565- $70,300). (Targeted Range: $45,000-$55,000) Salary offer will be based on qualifications/experience of the candidate, alignment with market data, the needs of the position, our total compensation package, and internal equity.

Benefits:

• Comprehensive healthcare options (Medical, Dental, and Vision)
• 401(k) match, and a fully-funded pension plan
• Paid time off and holidays
• Free public transportation passes
• Annual educational assistance
• On-site fitness facility
• Professional development programs, training and conferences
• And more...

Equal Employment Opportunity:

The Minneapolis Fed is committed to fostering an environment where all employees are respected and valued.

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.

Employment Details:

Full Time / Part Time Full time Regular / Temporary Regular Job Exempt (Yes / No) No Job Category Operations Family Group Work Shift First (United States of America)

Company Culture:

Why Our People Choose Us: Our reputation precedes us There will always be room for personal growth Our people are first You’ll find the right balance Your responsibilities will be meaningful We hope that you will be our future colleague.

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.

Privacy Notice

Please check back later for more information on available job opportunities.