Cash Operations Specialist

Overview

Federal Reserve Bank of Chicago receives, processes, pays out, destroys and validates currency in a highly controlled, monitored, regulated and secure environment for a single function in Cash. Strict adherence to 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 level, and staff must be able to work as part of a custody team and under general supervision.

• 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.
• Navigate 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.
• Transfer and store significant values and quantities of currency and coin manually or using material handling equipment and maintain custody and accountability throughout completion of these processes.
• Identify and alert management/team to control and procedural exceptions; demonstrate ability to operate in a team environment with high results orientation and effective interpersonal skills.

• 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.

• 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.

• 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…