Cash Operations Specialist

Federal Reserve Bank of New York; Minneapolis (MN); On-site; USD 43,000 - 70,000; Full time

Benefits offered by this job

Healthcare options

Pension plan

Paid time off and holidays

Free public transportation passes

Annual educational assistance

On-site fitness facility

Professional development programs

Job summary

Federal Reserve Bank of Minneapolis is seeking a Cash Operations Specialist to join the Ninth District currency processing team. You will work in a regulated environment handling currency, coin, and documentation with a focus on accuracy and security.

The role requires basic math skills, ability to lift up to 50 pounds, and willingness to work overtime during high-volume periods. On-site presence five days a week is expected.

Qualifications

• High school diploma or equivalent is required.
• 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 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.

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

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.

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.