Group Vice President (GVP), Cash Services
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Job Location:
San Francisco, CA - USA
Monthly Salary:
Not Disclosed
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Company
Federal Reserve Bank of San FranciscoAbout Us:We are the Federal Reserve Bank of San Francisco public servants with a mission to advance the nations monetary financial and payment systems to build a stronger economy for all Americans. As part of the nations central bank we are committed to understanding and serving the vibrant expansive communities of the Twelfth District which covers the nine western states of the U.S. That means we seek and appreciate new perspectives and build opportunities to learn and grow. At the SF Fed we approach our work with integrity and a commitment to service.
The Federal Reserve Bank of San Francisco is one of twelve Reserve Banks that along with the Board of Governors in Washington D.C. constitute the nations central bank and acts as its operating arm in the nine western states and three U.S. territories. The mission of the Federal Reserve System is to promote low inflation full employment and financial stability; and to provide services to financial institutions and the Treasury. At the Federal Reserve Bank of San Francisco our vision is to be among the most admired and highly respected public institutions. Our values include public service integrity performance ingenuity and respect.
Mission of Cash Services:
Our mission is to collaborate with our District and System colleagues to ensure that the integrity of U.S. Banknotes as a system of payment is maintained at the highest possible quality level. We achieve this objective by receiving deposits verifying them and paying out orders to depository institutions that participate in the cash life cycle; all along ensuring that our operation meets or exceeds all controls as outlined by the agencies that govern our roles and monitor our compliance.
Position Overview:
The Group Vice President (GVP) Cash Services leads the 12th District Cash Services group which includes oversight for the five cash operations in the District (San Francisco Los Angeles Seattle Salt Lake City Phoenix) and the District Cash Support team. As the head of Cash Services the GVP ensures that the cash operations meet their operational goals of accepting deposits of excess and unfit currency from depository financial institutions preparing currency and coin for distribution and removing counterfeit and unfit currency from circulation. The GVP also sets the Districts Cash Services strategy and long-term objectives and directs the cash operations leadership team in achieving these objectives.
Highlights of Responsibilities:
Sets the District Cash Services strategy and long-term objectives ensuring alignment with System Cash and Bank strategy and objectives and directs the Cash operations leadership teams in achieving the long-term objectives.
Directs and oversees the Cash operations to ensure they meet operational metrics around compliance productivity staffing budget inventory management and training.
Oversee District Cash Support to ensure that it is effectively supporting the Cash Operations through its compliance training budget oversight and analytics work.
Ensure cash operations are effectively staffed and managed to assess and mitigate risk and respond to critical business continuity events.
Support the growth and development of Cash Services staff through ongoing training and special programs.
Oversee expense budgets and long-term capital planning to ensure alignment with the strategic needs of the group Bank and System.
Lead and/or participate on System workgroups to help influence the strategy of System Cash and share best practices.
Qualifications:
Typically 15 years of relevant experience; requires 12 years of progressive people and business management experience and 5 years of leading major projects/initiatives
Bachelors degree required or equivalent work experience; Masters degree preferred
Superior people management interpersonal and organization skills
Strong critical thinking and innovative problem-solving skills and the ability to synthesize a range of data and information
Demonstrated ability to multi-task work and perform well under pressure
Excellent writing speaking negotiation and presentation skills
Proven project management skills with a focus on building high performance relationships and processes to drive projects forward
Proven ability to anticipate and solve complex business issues in a well-informed accurate and logical manner
Demonstrated experience and versatility working collaboratively across offices and functions to build relationships and influence key constituents both internally and externally
Proven ability to initiate action adapt to change make difficult decisions and accept challenging assignments
Demonstrated ability to assess and when necessary adapt new strategies to achieve key objectives in a dynamic environment
Must be able to work on site full time at either our San Francisco or Los Angeles locations.
Preferred Skills:
Experience in a highly regulated and compliance-oriented environment
Senior level leadership and project management experience
Base Salary Range: Min: $255000- Mid: $330500- Max: $406000 (Location: San Francisco or Los Angeles)
Final salary and offer will be determined by the applicants background experience skills internal equity and alignment with geographic and other market data.
Benefits:
At the Federal Reserve Bank of San Francisco we offer a wonderful benefits package including Medical Dental Vision Pretax Flexible Spending Account Paid Family Leave Care Backup Child Care Program Pretax Day Care Flexible Spending Account Vacation Days Sick Days Paid Holidays Pet Insurance Matching 401(k) and an unheard-of Retirement / Pension.
The Bank is committed to providing reasonable accommodations to individuals with disabilities to participate in the job application or interview process perform essential job functions and receive other benefits and privileges of employment. The SF Fed is an Equal Opportunity Employer. If you need any assistance or accommodations due to a disability please let us know at .
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Full Time / Part Time
Full timeRegular / Temporary
RegularJob Exempt (Yes / No)
YesJob Category
Operations Family GroupWork Shift
First (United States of America)The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
Always verify and apply to jobs on Federal Reserve System Careers ( or through verified Federal Reserve Bank social media channels.
Required Experience:
Chief
Key Skills
- Change Management
- Financial Services
- Growing Experience
- Managed Care
- Management Experience
- Analysis Skills
- Senior Leadership
- Performance Management
- Process Management
- Leadership Experience
- negotiation
- Analytics
About Company
One of 12 regional banks in the Federal Reserve System, the Federal Reserve Bank of Kansas City oversees system member banks and bank holding companies in Colorado, Kansas, Nebraska, northern New Mexico, Oklahoma, western Missouri, and Wyoming. The bank also has branch offices in Denv ... View more
