Cash Operations Specialist

Posted 18 Days Ago
Be an Early Applicant
Minneapolis, MN
41K-60K Annually
1-3 Years Experience
Fintech • Payments • Financial Services
The Role
Performing cash operations and currency processing duties at the Federal Reserve Bank of Minneapolis, ensuring compliance with regulations and maintaining quality standards.
Summary Generated by Built In

CompanyFederal Reserve Bank of Minneapolis

Are you interested in applying your attention to detail, operations experience, and problem-solving skills to become part of a dynamic operation that is an important part of the Central Bank function? Reporting to the Cash Operations Supervisor, our Cash Services department is looking for a Cash Operations Specialist to join the Ninth District Federal Reserve Bank currency processing operations in our Minneapolis location.

Responsibilities:

Perform job functions in a regulated and compliance-focused, operational environment. Follow local procedures and controls to ensure compliance with the U.S. Treasury and Federal Reserve Board of Governors guidelines.

Maintain quality and productivity standards. Prepare currency and coin shipments for depository institutions to meet all quality standards. Verify all in-coming currency and coin shipments from depository institutions.

Verify supporting documentation with the currency to ensure integrity and accuracy of the deposit.

Operate and monitor high-speed currency processing machines in a production and processing operation. Verify all currency and ensure accountability for all notes.

Count and manage a large quantity of currency or coin on a 1-4 member team. Maintain custody control standards and ensure supporting documentation for all transactions is completed. Balance the team inventory daily through the cash application system.

Participate in team-oriented environment while working in close proximity with other employees.

Mandatory overtime is required to address out-of-balance situations or heavy volume periods.

Required to complete and pass, as a requirement of the position, counterfeit detection training and testing, and forklift certification training and testing.

Qualifications:

High school diploma or equivalent. College education is preferred.

Proficiency with basic mathematics is required.

Proficiency in accounting skills is preferred.

Entry level position.

Some experience in currency handling, financial services or operations environment preferred

Ability to lift/carry up to 50 pounds.

Additional Information:

*This position requires someone to be onsite 100% of the time within the Federal Reserve Bank and is not eligible for remote or hybrid work.

* Salary range is $41,000-$50,000-$60,000. Salary offer will be based on qualifications/experience of the candidate, alignment with market data, the needs of the position, our total compensation package, and internal equity.  

Our total rewards program offers benefits that are the best fit for you at every stage of your career: 

  • Comprehensive healthcare options (Medical, Dental, and Vision) 

  • 401(k) match, and a fully-funded pension plan 

  • Paid time off and holidays 

  • Free public transportation passes 

  • Annual educational assistance 

  • On-site fitness facility

  • Professional development programs, training and conferences 

  • And more...

The Minneapolis Fed is committed to developing a diverse workforce and providing an inclusive environment where all employees are respected and valued. We believe that we can foster development opportunities for all and reach our full potential by recognizing the unique experiences and identities of each of our colleagues. From economists to cash specialists, we work together to represent you in our economy. 


Full Time / Part TimeFull time

Regular / TemporaryRegular

Job Exempt (Yes / No)No

Job CategoryOperations

Work ShiftFirst (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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.

Privacy Notice

The Company
Kansas City, MO
2,289 Employees
On-site Workplace

What We Do

This page is dedicated to Federal Reserve System career and employment related information only. Comments not pertaining to Fed recruiting will be removed.

The Fed - Make a world of difference in the global economy

OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.

OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.

Why Our People Choose Us:

Our reputation precedes us
There will always be room for personal growth
Our people are first
You’ll find the right balance
Your responsibilities will be meaningful

We hope that you will be our future colleague.

Find your preferred locations around the United States and explore the breadth of opportunity available at the Federal Reserve.

Atlanta https://www.frbatlanta.org/
Boston http://www.bostonfed.org/
Chicago https://www.chicagofed.org/
Cleveland https://www.clevelandfed.org/
Dallas http://dallasfed.org/
Kansas City https://www.kansascityfed.org/
Minneapolis https://www.minneapolisfed.org/
New York http://www.newyorkfed.org/
Philadelphia https://www.philadelphiafed.org/
Richmond https://www.richmondfed.org/
San Francisco http://www.frbsf.org/
St. Louis https://www.stlouisfed.org/
Board http://www.federalreserve.gov/

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