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Cash Operations Specialist I

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

Operations
Minneapolis, MN, USA
Posted on Friday, September 15, 2023

Company

Federal Reserve Bank of MinneapolisJob Description Summary
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.

Federal Reserve Cash Operations have implemented Social Distancing requirements for staff in light of the current pandemic situation. Your health and safety is a priority to us.
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.

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
  • Generously subsidized public transportation
  • Annual educational assistance
  • On-site fitness facility
  • Professional development programs, training and conferences
  • And more…

The Minneapolis Fed is committed to developing a diverse workforce and providing an inclusive environment where all employees are respected and valued. We believe that we can foster development opportunities for all and reach our full potential by recognizing the unique experiences and identities of each of our colleagues. From economists to cash specialists, we work together to represent you in our economy.

*This position requires someone to be onsite 100% of the time within the Federal Reserve Bank and is not eligible for remote or hybrid work.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

No

Job Category

Operations

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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.

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