Cash Operations Specialist I

Federal Reserve Bank of Philadelphia • Chicago, IL

1d

About The Position

The Cash Operations Specialist I performs a single function in Cash Services, receiving, processing, paying out, destroying, and validating currency in a highly controlled, monitored, regulated, and secure environment. The role requires strict adherence to defined rules and regulations, including the Treasury Currency Operations Manual (TCOM), Custody Control Principles and Standards (CCPS), and internal District Cash Procedures. This is entry-level work performed as part of a custody team under general supervision.

The specialist learns and applies operational procedures, operates high-speed currency equipment and/or pays and receives currency and coin for depository institutions, and uses accounting systems and Cash Services applications to process deposits, inventory, transfers, and other records. The role also involves handling significant quantities and values of currency and coin, maintaining custody and accountability, identifying exceptions, and contributing to a results-oriented team.

Requirements

• High school diploma or equivalent.
• Ability to use MS Outlook, MS Word, MS Excel, and automated information technology systems.
• Ability to work as a team member in a highly sensitive, rigorously controlled, and monitored environment.
• Ability to work either five 8-hour days or four 10-hour days.
• Ability to stand for 80% (or up to 100%) of the workday.
• Ability to lift and carry up to 50 pounds.
• Ability to push and transport currency containers weighing up to 1,500 pounds.
• Compliance with the Federal Reserve Bank of Chicago's ethics rules, including restrictions generally prohibiting employees and certain family members from owning securities of banks, savings associations, or their affiliates.

Nice To Haves

• Relevant coursework in business, accounting, and/or computer science.
• Ability to obtain counterfeit certification and manually detect counterfeit or altered notes; certification may require semi-annual testing.
• Ability to receive training and certification to operate material-handling equipment as required by OSHA.

Responsibilities

• Read, understand, and consistently apply educational materials and manuals when performing Cash Services operational duties.
• Learn to operate high-speed currency equipment and/or pay and receive currency and coin for depository institutions while meeting production standards and complying with procedures and controls.
• Balance deposits and process entries for depository institutions using accounting operating systems and Cash Services inventory and processing applications.
• Record batch statistics, inventory, transfers among internal valuables-handling teams and external customers, and other relevant data in accounting systems.
• Ensure the accuracy of automated accounting and transfer records.
• Transfer and store currency and coin manually or with material-handling equipment, maintaining custody and accountability throughout the process.
• Identify and alert management or the team to control and procedural exceptions.
• Work effectively as a team member in a highly controlled environment and demonstrate effective interpersonal skills.

Benefits

• Medical, dental, vision, and prescription drug coverage.
• 401(k) savings plan and retirement plan.
• Paid time off.
• Transit benefit.
• Onsite gym.
• Subsidized cafeteria.
• Continuous learning environment with opportunities to gain new skills and grow a career.
• Annual performance-based discretionary bonuses.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED