Cash Operations Specialist I

Federal Reserve Bank of New York; Detroit (MI); On-site; USD 51,600 - 61,100; Full time

Benefits offered by this job

Medical benefits

401k plan

Transit benefit

Onsite gym

Subsidized cafeteria

Job summary

Federal Reserve Bank of Chicago seeks a Cash Operations Specialist I to receive, process, pay out, destroy and validate currency in a controlled environment. You will work as part of a custody team, applying procedures and operating currency handling equipment.

This entry-level role requires a high school diploma, counterfeit certification, and ability to lift up to 50 lbs. Shift options include early morning hours with 5:40am start times.

Qualifications

• High school diploma or equivalent.
• Ability to use Microsoft Office Suite and related IT systems.
• Must obtain counterfeit certification and be able to detect counterfeits through manual inspection.
• Maintain certification through semi-annual testing.
• Ability to work as part of a custody team in a highly sensitive environment.
• Willingness to operate material handling equipment if required by OSHA.

Responsibilities

• Receive, process, pay out, destroy and validate currency in a highly controlled environment.
• Read, understand and apply manuals to perform operational roles in Cash Services.
• Operate high-speed currency equipment and manage currency/coin transfers to depository institutions.
• Balance deposits and process entries using accounting systems and inventory applications.
• Maintain accuracy of automated records and transfer data.
• Identify and alert management to control and procedural exceptions.
• Collaborate effectively in a custody team under supervision.
• Adapt to a production-oriented work environment.

Skills

MS Office

Counterfeit detection

Teamwork

Production environment

Education

High school diploma or equivalent

Job description

## Cash Operations Specialist IApplylocations: Detroit, MItime type: Full timeposted on: Posted 7 Days Agojob requisition id: R-0000032705## **Company**Federal Reserve Bank of ChicagoAs Cash Specialist I you will receive, process, pay out, destroy and validate currency in a highly controlled, monitored, regulated and secure environment for a single function in Cash. Strict adherence to a set of defined rules and regulations, including those outlined in the Federal Reserve Currency Operations Manual (FRCOM), Custody Control Principles and Standards (CCPS), and internal District Cash Procedures, is required. The level of work required is considered entry and staff must be able to work as part of a custody team and under general supervision.**Your Responsibilities:*** Receive, process, pay out, destroy and validate currency in a highly controlled, monitored, regulated and secure environment for a single function in Cash* The level of work required is considered entry and staff must be able to work as part of a custody team and under general supervision* Read, understand and consistently apply educational materials and manuals to perform operational roles in Cash Services* Acquires job knowledge to operate high-speed currency equipment and/or pay and receive currency/coin to depository institutions, achieving challenging production standards and complying with all applicable procedures and controls* Balances deposits and processes entries to depository institutions using accounting operating systems and Cash Services unique inventory and processing applications* Navigates complex inventory tracking within relevant accounting systems to record batch statistics/inventory, transfers among internal valuables handling teams and external customers, and other pertinent data elements* Responsible for ensuring the accuracy of automated accounting and transfer records.* Transfers and stores significant values and quantities of currency and coin manually or using material handling equipment and maintains custody and accountability throughout completion of these processes* Identifies and alerts management/team to control and procedural exceptions* Demonstrates ability to operate in a team environment with high results orientation; displays effective interpersonal skills* Be adept to a production environment**Your Background:*** High school diploma or equivalent* Ability to use Microsoft Office Suite and automated information technology systems* required to obtain counterfeit certification and be able to physically detect counterfeits and altered notes through manual inspection* Required to maintain certification through semi-annual testing* May be required to receive training and certification to operate material handling equipment as required by OSHA* Ability to work as a team member in a highly sensitive and rigorously controlled and monitored environment* Ability to work 5 days, M-F, shift is from 5:40am to 2:50pm or 6:00am to 3:15pm* Ability to stand for 80% (or up to 100%) of the workday* Ability to lift and carry up to 50 lbs.* Ability to push and transport currency containers weighing up to 1500 lbs.**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 continuous learning environment with opportunities to gain new skills and grow your career.* Onsite gym and subsidized cafeteria**Additional Requirements:*** 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.* This document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Chicago reserves the right to modify the elements of this job description, as business needs require.The expected starting salary range for this position is between $51,600 and $61,100 annually. Final salary and offer will be determined based on the applicant’s relevant experience, skills, internal equity, and alignment with geographic and other market data.