Currency Operations Associate

CompanyFederal Reserve Bank of New York

When you work at the New York Fed, you have the opportunity to make an impact in our communities and across the nation. Our mission-driven, curious, and dedicated colleagues apply their diverse perspectives and unique talents to support the strength of the U.S. economy and stability of the global financial system. At the Bank, we work full-time onsite with our teams. We believe being physically together allows us to draw on our collective strengths, while recognizing that the ability to work flexibly from time to time remains important to achieving our mission.

Our Unique Work:

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. 

How You'll Make an Impact as a Currency Operations Associate:

Operations:

• 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.

Risk Management and Compliance:

• Maintain strong controls in a heavily regulated environment.

• Seek improvements to the control environment for assigned area of responsibility.

Talent Management:

• 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.

  

The Unique Skill Sets We're Looking For:

• 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.

Application Deadline: June 10, 2026

Salary Range: $70,000-$90,000

We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.  

  

How We’ll Support You:   

Our programs and benefits are designed to support you through all your life stages: 

• Learning & Growing: Educational assistance, career development tools, and stretch opportunities 

• Supporting Your Family: Parental leave, adoption assistance, back-up dependent and elder care, college planning resources, and more 

• Managing Your Health: Comprehensive insurance plans, leave policies, onsite Health & Wellness Center, and onsite Fitness Center 

• Optimizing Your Finances: Pension plan, 401(k) with generous match, financial planning resources, and subsidized public transportation program 

Our Culture is deeply grounded in our Touchstone Behaviors— By working with us, you’ll have the opportunity to develop and demonstrate your ability to Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership. These competencies shape our culture here at the Bank. They also provide a shared language for how we work together and achieve success and set clear expectations for leading with impact at every stage of your career. Learn more.    

  

The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.  

We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at [email protected] and we’ll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.   

  

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.  

Full Time / Part TimeFull time

Regular / TemporaryRegular

Job Exempt (Yes / No)No

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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