Cash Operations Specialist

Federal Reserve System•Minneapolis, MN

2d•$42,700 - $70,300•Onsite

About The Position

The Cash Operations Specialist works in the Federal Reserve Bank of Minneapolis Ninth District currency processing operations at the Minneapolis location. Reporting to the Cash Operations Supervisor, the role supports currency processing in a regulated, compliance-focused operational environment. The specialist follows local procedures and controls to comply with U.S. Treasury and Federal Reserve Board of Governors guidelines, and maintains required quality, productivity, custody, and accountability standards. The role prepares and verifies currency and coin shipments for depository institutions, operates and monitors high-speed currency processing machines, and manages cash inventory and supporting documentation. Work is carried out in a team-oriented setting, often in close proximity to other employees. Onsite work is essential, with attendance in the office five days per week. Occasional weekend work, temporary shifts outside regular schedules, and on-call coverage may be needed. Mandatory overtime is required to address out-of-balance situations or heavy-volume periods. The position requires successful completion of counterfeit detection and forklift certification training and testing.

Requirements

High school diploma or equivalent.
Proficiency with basic mathematics.
Ability to lift and carry up to 50 pounds.
Ability to work onsite five days per week.
Ability to complete and pass counterfeit detection training and testing and forklift certification training and testing.

Nice To Haves

College education.
Proficiency in accounting skills.
Some experience in currency handling, financial services, or an operations environment.

Responsibilities

Follow local procedures and controls to comply with U.S. Treasury and Federal Reserve Board of Governors guidelines.
Maintain quality and productivity standards.
Prepare currency and coin shipments for depository institutions and verify incoming shipments.
Verify supporting documentation against currency to ensure deposit integrity and accuracy.
Operate and monitor high-speed currency processing machines; verify currency and ensure accountability for all notes.
Count and manage large quantities of currency or coin as part of a 1–4 member team.
Maintain custody control standards and complete supporting documentation for transactions.
Balance team inventory daily through the cash application system.
Work collaboratively in close proximity with other employees.
Complete and pass counterfeit detection training and testing and forklift certification training and testing.
Work mandatory overtime as needed for out-of-balance situations or heavy-volume periods; provide occasional weekend, temporary-shift, or on-call coverage as needed.