Cash Operations Specialist I

Federal Reserve System • Chicago, IL

1d

About The Position

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 Treasury Currency Operations Manual (TCOM), 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.

Requirements

• High school diploma or equivalent
• Relevant coursework in business, accounting, and/or computer science
• Ability to use MS Outlook, MS Word, MS Excel and automated information technology systems
• May be required to obtain counterfeit certification and be able to physically detect counterfeits and altered notes through manual inspection.
• May be 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 x 8 hours or 4 days x 10 hours
• Ability to stand for 80% (or up to 100%) of the workday
• Ability to lift and carry up to 50lbs
• Ability to push and transport currency containers weighing up to 1500 lbs
• 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.

Responsibilities

• 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.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED
• Number of Employees: 501-1,000 employees