Manager of Proof & Settlement

Company

Federal Reserve Bank of New York

Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies.

You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.  

The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person.

Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance. 

What we do:     

The Federal Reserve Bank of New York seeks a Manager of Proof and Settlement who will perform daily independent proof verification of all Cash processing team’s transactions and settlement documentation to ensure Department’s daily transactions processed are in balance according to requirements and departments debit and credit accounting entries including transmission of statistical reports to the Board of Governors.

The team consists of four analyst and this role will report directly to the Director of Currency Operations. 

 

Your role as Manager of Proof & Settlement: 

As the Manager of Proof & Settlement, you will lead a team that partners and supports our cash and custody operations on a variety of settlement activities which includes daily preparation of the Cash & Custody Function’s department proof, providing an independent verification of the cash operation’s team proofs, verification and maintenance of general ledger accounts, batch verification and daily/monthly submission of data to the Board of Governors. 

 

In addition, managing the staff’s activities to ensure customers and/or accounts are not impacted and policies and procedures are followed accordingly.

Reconcile daily records, researches and corrects discrepancies and assists with complex transactions or problems and identifies and assists with correcting deficiencies in internal controls. 

 

Highlights of responsibilities include: 


* Perform daily independent proof verification for all Cash processing transactions and settlement documentation to ensure Department’s daily transactions processed are in balance according to requirements. 


* Perform analytical work associated with the preparation and transmission of statistical reports to the Board of Governors. 


* Monitor daily transaction activities for Cash Offsite Programs to ensure transactions were processed according to program requirements. 


* Maintain and validate daily and monthly General Ledger Account Balance Confirmations. 


* Prepare reports in support of the Cash Operations related to their metric performance and statistical machine performance. 


* Perform self-audits of the proof and settlement documentation to ensure comp...