Cash Operations Specialist

Federal Reserve Bank of Minneapolis; Minneapolis (MN); On-site; USD 42,000 - 70,000; Full time

Benefits offered by this job

Healthcare options (Medical, Dental, V

401(k) match

Paid time off and holidays

Public transportation passes

Educational assistance

On-site fitness facility

Professional development

Job summary

Federal Reserve Bank of Minneapolis is seeking a detail-oriented Cash Operations Specialist to join the Ninth District currency processing team in Minneapolis. Reporting to the Cash Operations Supervisor, you will help ensure accuracy and compliance in daily currency handling.

The role involves operating high-speed currency processing machines, verifying shipments, and maintaining custody controls with a small team.

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.

Responsibilities

• Perform duties in a regulated, compliance-focused environment.
• Prepare currency and coin shipments for depository institutions.
• Verify incoming currency and coin shipments.
• Operate and monitor high-speed currency processing machines.
• Count and manage currency or coin with a 1-4 member team and balance inventory daily.
• Maintain custody controls and complete supporting documentation.
• Overtime required during out-of-balance or heavy volume periods.
• Complete counterfeit detection training and forklift certification training.

Skills

Basic mathematics

Accounting skills

Currency handling

Education

High School Diploma or Equivalent

College Education Preferred

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.

Our total rewards program offers benefits that are the best fit for you at every stage of your career

• 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...
• The Minneapolis Fed is committed to fostering an environment where all employees are respected and valued. We provide equal employment opportunity to all persons and we work together to pursue an economy that works for all of us.

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)

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.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

Privacy Notice