Manager of Cash Operations

Federal Reserve Bank of New York; San Francisco (CA); On-site; USD 133,000 - 213,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

401(k) Plan

Flexible Spending Accounts

Backup Child Care

Paid Family Leave

Generous vacation & holidays

Pet Insurance

Job summary

The Federal Reserve Bank of San Francisco is seeking an Operations Manager to oversee Cash Administration and Paying and Receiving units on-site in San Francisco. You will drive performance, manage risk, and lead a diverse team with a focus on continuous improvement and strategic initiatives.

Ideal candidates have 7+ years in leadership within regulated operations, strong coaching and communication skills, and a track record of process enhancements.

Qualifications

• Bachelor's degree or equivalent work-related experience.
• Typically requires 7+ years of successful leadership experience in a fast paced, highly regulated operations environment.
• 5+ years of experience in effectively managing/leading teams.
• People focused and service oriented.
• Strong problem solving and excellent analytical skills.
• Excellent verbal and written communication skills.
• Strong coaching skills, ability to handle conflict resolution, relationship and team building skills, able to engage at all levels of the organization.
• Demonstrated ability to work under pressure and make immediate independent judgement decisions.
• Experience leading, and implementing process improvement initiatives.

Responsibilities

• Direct daily operations of the Cash Administration and Paying and Receiving units in compliance with Bank, Board of Governors, and Treasury policies, controls, and procedures.
• Achieve strategic objectives and performance targets by monitoring progress, addressing root causes of underperformance, and driving continuous improvement.
• Lead and inspire team members by setting a clear vision aligned with the Bank's strategic direction, and support their growth and career progression through coaching, training, recognition, and performance management.
• Foster strong collaborative customer and vendor relationships within the vendor supply chain to ensure adherence to service levels and contractual obligations.
• Monitor compliance performance and ensure internal risk management requirements are met.
• Review risk assessments to identify root causes and confirm effective corrective action plans.
• Drive Group-wide process improvements by using data analytics, emerging technology, and Lean techniques to identify issues, share best practices, and standardize operations.
• Work to identify improvements in the operational effectiveness, efficiency and resiliency.
• Lead and participate in strategic initiatives that focus on business process improvement, technology and innovation, and new policy development.
• Support succession planning, including identification, assessment, development planning and review of successors.
• Manage the operation with a vision toward the future, and in ways that inspire and motivate employees to deliver superior performance.
• Encourage diverse perspectives and innovative thinking and approaches by individuals and teams within the Cash operation.
• Lead large-scope projects within the site, across the 12th District and nationally.

Skills

Leadership experience

People management

Communication

Analytical skills

Problem solving

Coaching

Process improvement

Strategic thinking

Education

Bachelor's degree or equivalent

Job description

Company Federal Reserve Bank of San Francisco We are the Federal Reserve Bank of San Francisco — public servants with a mission to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans.

As part of the nation’s central bank, we are committed to understanding and serving the vibrant, expansive communities of the Twelfth District, which covers the nine western states of the U.S.

That means we seek and appreciate new perspectives and build opportunities to learn and grow.

At the SF Fed, we approach our work with integrity and a commitment to service.

San Francisco Paying and Receiving Manager

The Federal Reserve Bank of San Francisco is seeking an Operations Manager in our San Francisco Office location. As the Operations Manager, you will provide day-to-day oversight of one of five district Cash operations and ensure that sufficient currency and coin are in circulation to meet public demand.

The Manager also ensures that the San Francisco cash office accepts deposits of excess and unfit currency from depository financial institutions, prepares currency and coin for distribution and removes counterfeit and unfit currency from circulation. Specifically, financial institutions come to the San Francisco cash office for their currency and coin needs, including making a deposit or placing an order. When financial institutions have more currency or coin than they need, they can deposit the surplus with the San Francisco cash office. When deposits are received, they are processed on machines that count, sort, and repackage the fit and genuine currency for recirculation.

As a key member of the District Cash Services management team, you will play a critical role in implementing the Group’s strategic plan, supporting the overall mission and vision of the Group and providing influential thought leadership to the Bank and System cash community.

Our ideal candidate for this role is a proven operations and people leader with experience influencing multiple departments across an organization, is an excellent communicator, sets a high bar for themself, and is adept at developing and coaching talent. If you are someone who thrives in a critical leadership position and gains personal satisfaction by leading a complex business, then this is for you! Banking experience is not required. Experience in military, manufacturing, automotive, biotech, electronics, energy, machinery, defense/aerospace, medical, cosmetics, production, or distribution environments are also desired.

Location: Federal Reserve Bank – San Francisco (100% on-site) 101 Market Street San Francisco, CA 94105.

Work schedule: Monday – Friday 8:00AM - 5:00PM (Work hours may vary to support operational coverage).

What you'll do

Direct daily operations of the Cash Administration and Paying and Receiving units in compliance with Bank, Board of Governors, and Treasury policies, controls, and procedures Achieve strategic objectives and performance targets (quality, cost, efficiency, effectiveness) by monitoring progress, addressing root causes of underperformance, and driving continuous improvement Lead and inspire team members by setting a clear vision aligned with the Bank's strategic direction, and support their growth and career progression through coaching, training, recognition, and performance management Foster strong collaborative customer and vendor relationships within the vendor supply chain to ensure adherence to service levels and contractual obligations Monitor compliance performance and ensure internal risk management requirements are met. Review risk assessments to identify root causes and confirm effective corrective action plans Drive Group-wide process improvements by using data analytics, emerging technology, and Lean techniques to identify issues, share best practices, and standardize operations Work to identify improvements in the operational effectiveness, efficiency and resiliency Lead and participate in strategic initiatives that focus on business process improvement, technology and innovation, and new policy development Support succession planning, including identification, assessment, development planning and review of successors Manage the operation with a vision toward the future, and in ways that inspire and motivate employees to deliver superior performance Encourage diverse perspectives and innovative thinking and approaches by individuals and teams within the Cash operation Lead large-scope projects within the site, across the 12th District and nationally.

Desired Experience + Traits

• Bachelor's degree or equivalent work-related experience
• Typically requires 7+ years of successful leadership experience in a fast paced, highly regulated operations environment
• 5+ years of experience in effectively managing/leading teams
• People focused and service oriented
• Strong problem solving and excellent analytical skills
• Excellent verbal and written communication skills
• Strong coaching skills, ability to handle conflict resolution, relationship and team building skills, able to engage at all levels of the organization
• Demonstrated ability to work under pressure and make immediate independent judgment decisions
• Experience leading, and implementing process improvement initiatives

Base Salary Range: Min: $133,300 - Mid: $173,000 - Max: $212,800 (Location: San Francisco) Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and alignment with market data.

Benefits package includes: Medical, Dental, and Vision coverage Matching 401(k) Retirement/Pension Plan Pre-tax Flexible Spending Accounts Backup Child Care Program Paid Family Care Leave Generous vacation, sick l eave, and holidays Pet Insurance.

The Bank is committed to providing reasonable accommodations to individuals with disabilities to participate in the job application or interview process, perform essential job functions and receive other benefits and privileges of employment.

The SF Fed is an Equal Opportunity Employer.

#LI-Onsite Full Time / Part Time Full time Regular / Temporary Regular Job Exempt (Yes / No) Yes 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.

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

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.