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Cash Group Leader

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

Memphis, TN, USA
Posted on Tuesday, May 21, 2024

Company

Federal Reserve Bank of St. LouisThe St Louis Federal Reserve provides payment services to financial institutions by meeting the demand for currency and coin and ensures that the currency circulated within our District is high-quality and authentic.

As our Cash Group Leader/ Cash Specialist, you will report to a Supervisor and oversee and contribute to the work of our teams in the shipping, receiving, and verification of currency. You also will direct team activities to meet performance metrics, identify team training needs and coach team members. Additionally, you will resolve complex operational and balancing problems and provide feedback to management regarding work processes and possible improvements within the cash operation. Follow this link to learn more about our Currency Operations.

Responsibilities

  • Receive, process, validate currency in a controlled, regulated and secure environment. Follow a strict set of defined rules, regulations and procedures as outlined in the governing documents is required.
  • Access educational materials and manuals and become familiar with operational procedures and controls to obtain knowledge of basic skills to function in operational roles in Cash Services.
  • Acquire job knowledge to operate large high-speed currency processing machinery or distribute and receive currency/coin to depository institutions, achieve challenging production standards and comply with stringent procedures and controls.
  • Balance deposits and process financial accounting transactions/entries to depository institutions using accounting operating systems and Cash Services' unique inventory and processing applications.
  • Navigate complex inventory tracking within relevant accounting systems among internal valuable handling teams and external customers to record batch statistics, inventory and transfers, differences, and other important data elements.
  • Ensure the accuracy of automated accounting and transfer records.
  • Obtain counterfeit certification and physically detect counterfeits and altered notes through manual inspection.
  • Maintain certification through semi-annual testing.
  • Transfer and store currency and coin using material handling equipment and maintain custody throughout completion of these processes.
  • Monitor operations to provide direction to team members to ensure processing goals are met and adjust plans.
  • Develop staff through ongoing coaching to ensure tasks are completed as learned with an emphasis on compliance and process.
  • Partner with group leaders in other units and direct supervisor to ensure levels of daily payable inventory and minimal hold over levels are maintained and to adjust plans.
  • Collaborate with Cash Management to address operational and staff issues.

Qualifications

  • High School Diploma or equivalent
  • 3 years relevant experience
  • Meet physical requirements of the position (e.g., lifting items that weigh up to 35lbs and moving containers that are on wheels and weigh over 1000lbs)
  • Ability to use walk behind forklift to move pallets helpful
  • Stand for long periods of time. Frequent movement, bending, and squatting are inherent to this position.
  • Can work in an area that can expose you to an acceptable elevated level of noise and dust
  • Comfortable using a computer to conduct your daily work
  • Basic 10-main skills helpful
  • Can work shifts between 5:00am - 4:00pm, Monday through Friday
  • Can work overtime hours and alter schedule to meet operational needs

Total Rewards

Bring your passion and expertise, and we'll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life.

Salary: $51,500 – $57,000

In addition to competitive compensation, we offer a comprehensive benefits package all brought together in a flexible work environment where you can truly find balance:

  • Paid time off
  • Tuition & Training assistance/reimbursement
  • 401(k) match
  • Pension plan
  • Top-notch health care benefits
  • Child and family care leave
  • Professional development opportunities
  • And more...

At the Federal Reserve Bank of St. Louis, we believe the Federal Reserve most effectively serves the American public by building a more diverse and inclusive economy. Our commitment to diversity and inclusion, at all levels of the organization, has been one of our core values for many years and remains strong as we continue enhancing our efforts. Learn more about Bank’s culture.

The Federal Reserve Bank of St Louis is an Equal Opportunity Employer.

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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