AVP, Seattle Cash Operations

CompanyFederal Reserve Bank of San Francisco

We are the Federal Reserve Bank of San Francisco — public servants with a mission to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the nation’s 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 nation’s 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.

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.
 

The Assistant Vice President (AVP) of Seattle Cash Operations overseas one of five 12th District Cash operations and ensures that sufficient currency and coin are in circulation to meet public demand in Washington, Oregon, Alaska and portions of Idaho.  The AVP also ensures that the Seattle cash office accepts deposits of excess and unfit currency from depository financial institutions, prepares currency and coin for distribution, and removes counterfeit and unfit currency from circulation.

As a core member of our District Cash Services leadership team, you will play a key role in implementing our strategic plan, supporting the overall mission and vision of the team, and providing thought leadership to the Bank and the Federal Reserve System cash community.

Highlights of Responsibilities:

• Carry out oversight responsibilities for the Cash Administration, Paying and Receiving, and High-Speed Processing units in accordance with established Bank and Board of Governors policies, controls, and procedures in a compliance and regulatory-focused environment. 
• Direct the operation with a vision toward the future and a strategy that inspires and motivates employees to deliver superior performance.
• Encourage everyone's perspectives and innovative thinking by individuals and teams within the Cash operation 
• Build a strong workforce capable of meeting the business challenges of today while developing the skills and abilities to meet the challenges of tomorrow.
• Establish and influence the strategic direction that seeks to improve operational systems, processes, and policies.
• Champion the department’s success by providing leadership and guidance in achieving a strong compliance environment, meeting performance metrics, and ensuring strong communication and information flows between management, employees, and across operating shifts. 

Qualifications:

• Typically, 12+ years of relevant experience; requires 8+ years of progressive people and business management experience
• Bachelor’s degree in finance, Business, or related field of study; or relevant associated work experience
• Demonstrated leadership ability and the ability to initiate, lead and sustain change in the work environment
• 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

Preferred Skills:

• Experience in a highly regulated and compliance-oriented environment
• Senior level project management/leadership experience

If you don’t have Banking experience – no worries – What we do need is your expertise in Risk management, Operations, Compliance, and leadership.

Base Salary Range: Min: $189,000- Mid: $249,000- Max: $307,000 (Location: Seattle)

Final salary and offer will be determined by the applicant’s 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 [email protected].

Full Time / Part TimeFull time

Regular / TemporaryRegular

Job Exempt (Yes / No)Yes

Job CategoryOperations Family Group

Work ShiftFirst (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 (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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