Currency Operations Associate

Federal Reserve System•East Rutherford, NJ

7d•$70,000 - $90,000•Onsite

About The Position

The Federal Reserve Bank of New York Cash Function has a long history of innovation and leadership as a high-volume processor of U.S. Banknotes. The facility utilizes state-of-the-art automation to support operations and controls. The Cash Function pays out and receives deposits of currency from depository institutions (DIs), central banks and other governmental counterparties. Incoming deposits are processed to cull out unfit and suspected counterfeit notes and remaining currency is repackaged for recirculation back to the depository institutions. We are looking for an experienced team member following strict adherence to process, procedures, and controls to efficiently and effectively accept deposits and make payments of currency or coin to domestic and international depository institutions, operate banknote processing equipment and performs clerical duties to processing of currency deposits made by Second District depository institutions. Functions as a Subject Matter Expert (SME) to support operations, conducts reviews of source documentation, and participates in internal and System initiatives.

Requirements

Highly proficient in all Teller/Operator responsibilities or like type external experience.
Ability to manage and motivate various levels of staff.
Ability and willingness to work overtime.
Exemplary interpersonal skills, great attitude, and ability to work well as a member of a team.

Responsibilities

Works independently with limited supervision and may manage projects/processes.
Coaches and reviews the work of other professionals.
Faces problems that are difficult and sometimes complex.
Influences others regarding policies, practices, and procedures.
Considered an SME Teller/Operator with significant experience and background within Cash & Custody or similar industry work.
Leads room to deliver strong compliance and productivity results.
Highly effective at influencing without independent authority when managing assignments requiring staff interactions.
Seen as leading trainers and coaches in the subsequent Teller/Operator roles.
Support the Compliance team’s activities for the Difference Analysis System and large difference reviews.
Compiles and shares daily/monthly reports for area metrics.
Participates in internal and System workgroups/initiatives.
Performs due diligence reviews of operations source documentation.
Maintain strong controls in a heavily regulated environment.
Seek improvements to the control environment for assigned area of responsibility.
Responsible for providing guidance, coaching and training to other employees within job area.
Treat all staff members fairly and with respect.
Demonstrate a clear commitment to diversity of thought, people and perspective.