Cash Operations Specialist I

Federal Reserve System • Chicago, IL

2d • $51,600 - $61,100

About The Position

The Cash Operations Specialist I receives, processes, pays out, destroys, and validates currency in a highly controlled, monitored, regulated, and secure Cash environment. The role performs a single Cash function and 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 operates high-speed currency equipment and/or pays and receives currency and coin for depository institutions. The position uses accounting operating systems and Cash Services inventory and processing applications to balance deposits, record inventory and transfers, and maintain accurate accounting records. It also involves manually or mechanically transferring and storing substantial amounts of currency and coin while maintaining custody and accountability.

The role requires teamwork and a strong results orientation in a sensitive, rigorously controlled environment. Work schedules may be five 8-hour days or four 10-hour days. The position is full time, regular, non-exempt, and assigned to the first shift.

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 days of 8 hours or four days of 10 hours.
• Ability to stand for 80% of the workday, or up to 100%.
• 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 Bank's ethics rules, which generally prohibit employees, their spouses or domestic partners, and minor children 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 physically detect counterfeit and altered notes through manual inspection, if required.
• Ability to maintain counterfeit certification through semi-annual testing, if required.
• Ability to receive training and certification to operate material-handling equipment as required by OSHA, if required.

Responsibilities

• Read, understand, and consistently apply educational materials and manuals when performing operational roles in Cash Services.
• Learn to operate high-speed currency equipment and/or pay and receive currency and coin to depository institutions while meeting production standards and complying with procedures and controls.
• Balance deposits and process entries to depository institutions using accounting operating systems and Cash Services inventory and processing applications.
• Use relevant accounting systems to track inventory, record batch statistics and inventory, document transfers among internal valuables-handling teams and external customers, and enter other pertinent data.
• 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 results-oriented environment.

Benefits

• Comprehensive benefits package including medical, dental, vision, and prescription drug coverage.
• 401(k) savings plan.
• 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