Cash Operations Specialist
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Job Location:
Boston, NH - USA
Monthly Salary:
Not Disclosed
Posted on:
11 hours ago
Vacancies:
1 Vacancy
Job Summary
Company
Federal Reserve Bank of BostonAs an employee of the Boston Fed you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities the region and the nation by conducting economic research participating in monetary policy-making supervising certain financial institutions providing financial services and payments playing a leadership role in the payments industry and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut Maine Massachusetts New Hampshire Rhode Island and Vermont. Our mission is accomplished through our Banks values: community innovation integrity trust leadership and excellence.This job is essential to Bank operations and will be an onsite rolein a production/manufacturingenvironment.
Job Summary
Thisisan entry-levelpositionwhichincludes the receipt processing validation destruction and payout of currency and receipt and payout of coin in a highly controlled regulated and secure environment.
Strict adherence to a set of defined rules and regulations including those outlined in theFederal ReserveCurrency Operations Manual (FRCOM) Custody Control Principles and Standards (CCPS) and internal District Cash Procedures is required.
This position is the first inthe Cash Operations role career track.
Principal Accountabilities
- Acquires job knowledge to pay and receive currency/coin to depository institutions and/or operate high-speed currency equipment while achieving challenging production standards and complying with stringent procedures controls and attendance requirements
- Balances deposits and processes financial accounting transactions/entries to depository institutions using accounting operating systems and Cash Services unique inventory and processing applications
- Navigates complex inventory tracking within said systems to record inventory and transfers among internal valuables handling teams and external customers account for differences and other pertinent data elements
- Responsible for ensuring the accuracy of the physical counts as well as automated accounting and transfer records
- Complies with stringent documentation requirements
- Obtains counterfeit certificationto successfullydetect counterfeits and altered notes through manual inspection
- Required to maintaincounterfeitcertification through semi-annual or more frequenttesting
- Transfers and stores significant values and quantities of currency and coin using material handling equipment and maintains custody and accountability throughout completion of these processes
- Receives training and certification to operate material handling equipment(pallet jacksliftsstackersetc.)
- Demonstrates ability to operate in a confined team environment with high results orientation; displays effective interpersonal skills
- Identifies and alerts management team to control and procedure exceptions and equipment problems
- Demonstrates the ability to correct routine mechanical issues with currency verification machinesafter receiving training
Knowledge and Experience
- Knowledge normally acquired through thecompletionof a HighSchool Diplomaor GED
- At least one year ofrelated work experienceto include banking cash handling warehousingcustomer servicemanufacturing or workin a production environment
- Must be able to push equipment weighing 800 pounds and up to 40 - 60 pounds repeatedly
- Ability to stand for extended periods of time
- Basic math accounting andbalancing skills
- Familiarity withMicrosoft Officeproficiencypreferred
- Basic 10-key skills preferred
Starting salary: $56000 (equivalent to $26.92/hour)
The Boston Fed believes in salary transparency. The final salary and offer will be determined by the applicants background skills internal equity and alignment with market data. Whether youre developing into the job or are a more seasoned candidate we aim to pay competitively.
The Federal Reserve Bank of Boston is committed to a diverse and inclusive workplace and to provide equal employment opportunities to all persons without regard to race color religion national origin sex sexual orientation gender identity age genetic information disability or military service.
All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.
As a condition of employment all Federal Reserve Bank of Boston employees must comply with the Banks ethics rules which generally prohibit employees their spouses/domestic partners and minor children from owning financial interests such as stocks or bonds from banks savings associations and systemically important financial institutions or their affiliates such as bank holding companies or savings and loan holding companies. If you your spouse or domestic partner or your minor child own such assets and would be unwilling or unable to divest them if you were to accept a job offer you should raise this issue with our recruitment team. Applicants should review the Banks Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position management reserves the right to revise this or any job description at its discretion at any time.
Full Time / Part Time
Full timeRegular / Temporary
RegularJob Exempt (Yes / No)
NoJob 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:
IC
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
