Federal Reserve Bank of Chicago
Cash Operations Specialist I
Federal Reserve Bank of Chicago, Chicago, Illinois, United States, 60290
Join to apply for the
Cash Operations Specialist I
role at
Federal Reserve Bank of Chicago
Company Federal Reserve Bank of Chicago
Receive, process, pay out, destroy, and validate currency in a highly controlled, monitored, regulated and secure environment for a single function in Cash. Strict adherence to a set of defined rules and regulations, including those outlined in the Treasury Currency Operations Manual (TCOM), Custody Control Principles and Standards (CCPS), and internal District Cash Procedures, is required. The level of work required is considered entry and staff must be able to work as part of a custody team and under general supervision.
Your Responsibilities
Read, understand and consistently apply educational materials and manuals to perform operational roles in Cash Services.
Acquire job knowledge to operate high-speed currency equipment and/or pay and receive currency/coin to depository institutions, achieving challenging production standards and complying with all applicable procedures and controls.
Balance deposits and process entries to depository institutions using accounting operating systems and Cash Services unique inventory and processing applications.
Navigates complex inventory tracking within relevant accounting systems to record batch statistics/inventory, transfers among internal valuables handling teams and external customers, and other pertinent data elements.
Responsible for ensuring the accuracy of automated accounting and transfer records.
Transfers and stores significant values and quantities of currency and coin manually or using material handling equipment and maintains custody and accountability throughout completion of these processes.
Identifies and alerts management/team to control and procedural exceptions. Demonstrates ability to operate in a team environment with high results orientation; displays effective interpersonal skills.
Your Background
High school diploma or equivalent. Relevant coursework in business, accounting, and/or computer science.
Ability to use MS Outlook, MS Word, MS Excel and automated information technology systems.
May be required to obtain counterfeit certification and be able to physically detect counterfeits and altered notes through manual inspection.
May be required to maintain certification through semi-annual testing.
May be required to receive training and certification to operate material handling equipment as required by OSHA.
Ability to work as a team member in a highly sensitive and rigorously controlled and monitored environment.
Ability to work 5 days x 8 hours or 4 days x 10 hours.
Ability to stand for 80% (or up to 100%) of the workday.
Ability to lift and carry up to 50 lbs.
Ability to push and transport currency containers weighing up to 1500 lbs.
What We Offer
Comprehensive benefits package includes medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off, transit benefit, onsite gym and subsidized cafeteria.
A continuous learning environment with opportunities to gain new skills and grow your career.
Additional Requirements
As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank’s ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.
This document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Chicago reserves the right to modify the elements of this job description, as business needs require.
The expected starting salary range for this position is between $51,600 and $61,100 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant's relevant experience, skills, internal equity, and alignment with geographic and other market data.
We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.
Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels.
Full Time / Part Time Full time
Regular / Temporary Regular
Job Exempt (Yes / No) No
Job Category Operations Family Group
Work 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.
Privacy Notice
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Accounting/Auditing and Finance
Banking, Capital Markets, and Financial Services
Referrals increase your chances of interviewing at Federal Reserve Bank of Chicago by 2x
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Cash Operations Specialist I
role at
Federal Reserve Bank of Chicago
Company Federal Reserve Bank of Chicago
Receive, process, pay out, destroy, and validate currency in a highly controlled, monitored, regulated and secure environment for a single function in Cash. Strict adherence to a set of defined rules and regulations, including those outlined in the Treasury Currency Operations Manual (TCOM), Custody Control Principles and Standards (CCPS), and internal District Cash Procedures, is required. The level of work required is considered entry and staff must be able to work as part of a custody team and under general supervision.
Your Responsibilities
Read, understand and consistently apply educational materials and manuals to perform operational roles in Cash Services.
Acquire job knowledge to operate high-speed currency equipment and/or pay and receive currency/coin to depository institutions, achieving challenging production standards and complying with all applicable procedures and controls.
Balance deposits and process entries to depository institutions using accounting operating systems and Cash Services unique inventory and processing applications.
Navigates complex inventory tracking within relevant accounting systems to record batch statistics/inventory, transfers among internal valuables handling teams and external customers, and other pertinent data elements.
Responsible for ensuring the accuracy of automated accounting and transfer records.
Transfers and stores significant values and quantities of currency and coin manually or using material handling equipment and maintains custody and accountability throughout completion of these processes.
Identifies and alerts management/team to control and procedural exceptions. Demonstrates ability to operate in a team environment with high results orientation; displays effective interpersonal skills.
Your Background
High school diploma or equivalent. Relevant coursework in business, accounting, and/or computer science.
Ability to use MS Outlook, MS Word, MS Excel and automated information technology systems.
May be required to obtain counterfeit certification and be able to physically detect counterfeits and altered notes through manual inspection.
May be required to maintain certification through semi-annual testing.
May be required to receive training and certification to operate material handling equipment as required by OSHA.
Ability to work as a team member in a highly sensitive and rigorously controlled and monitored environment.
Ability to work 5 days x 8 hours or 4 days x 10 hours.
Ability to stand for 80% (or up to 100%) of the workday.
Ability to lift and carry up to 50 lbs.
Ability to push and transport currency containers weighing up to 1500 lbs.
What We Offer
Comprehensive benefits package includes medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off, transit benefit, onsite gym and subsidized cafeteria.
A continuous learning environment with opportunities to gain new skills and grow your career.
Additional Requirements
As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank’s ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.
This document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Chicago reserves the right to modify the elements of this job description, as business needs require.
The expected starting salary range for this position is between $51,600 and $61,100 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant's relevant experience, skills, internal equity, and alignment with geographic and other market data.
We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.
Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels.
Full Time / Part Time Full time
Regular / Temporary Regular
Job Exempt (Yes / No) No
Job Category Operations Family Group
Work 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.
Privacy Notice
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Accounting/Auditing and Finance
Banking, Capital Markets, and Financial Services
Referrals increase your chances of interviewing at Federal Reserve Bank of Chicago by 2x
Get notified about new Cash Specialist jobs in Chicago, IL.
Chicago, IL $65,820.00-$82,280.00 1 week ago
Chicago, IL $65,000.00-$85,000.00 3 weeks ago
Associate Finance Analyst, University Graduate Chicago, IL $77,000.00-$108,000.00 1 week ago Chicago, IL $77,520.00-$106,590.00 2 weeks ago Greater Chicago Area $90,000.00-$110,000.00 5 days ago Analyst – Corporate Banking, Leveraged Lending Downers Grove, IL $80,000.00-$100,000.00 4 days ago Public Finance - Midwest Region -Analyst Chicago, IL $56,550.00-$81,400.00 5 days ago Investment Banking Analyst, Diversified Industrials Group Chicago, IL $95,000.00-$95,000.00 3 days ago Greater Chicago Area $110,000.00-$115,000.00 5 days ago Chicago, IL $54,800.00-$121,100.00 18 hours ago Investment Banking - Mid-Cap Investment Banking - Analyst Chicago, IL $49,305.00-$65,415.00 1 week ago Chicago, IL $90,000.00-$130,000.00 1 month ago Chicago, IL $80,000.00-$85,000.00 4 days ago Chicago, IL $82,620.00-$114,800.00 2 weeks ago Chicago, IL $76,000.00-$125,000.00 1 day ago Chicago, IL $60,000.00-$80,000.00 3 days ago We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr