Cash Operations Specialist

Company

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is part of the nation’s central bank and we’ve provided many opportunities for professional growth during our history.

For twenty-five years in a row, we’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99.

This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.

Our People Make the Difference! The Federal Reserve Bank of Cleveland is seeking innovative thinkers with vision to build the framework that will carry the Bank into the future.

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SHIFT: this role is onsite in Cleveland, Ohio supporting third shift hours Monday-Thursday 5pm-4am

Organizational Expectations:

The primary goal of the Cash Department of the Federal Reserve Bank of Cleveland is to maintain confidence in U.S.

currency and meet the needs of the marketplace by supplying currency and coin to meet domestic and international demand, maintaining the quality and integrity of currency in circulation, and ensuring depository institutions have ready access to cash services.

To achieve this mission, 4th District Cash services operate from the Cleveland and Cincinnati Reserve Banks and in collaboration with our Federal Reserve colleagues in other Districts.

General Responsibilities:


* Prepare and process large volumes of currency/coin in a highly controlled team environment - apply developed job knowledge and experience to operate equipment and exceed district productivity and compliance metrics.


* Adhere to processes and procedures to perform initial receipt and verification, destroy large volumes of currency, and/or payout currency following procedures as described in procedure manuals - this requires using extensive knowledge of multiple procedural documents, including yearly revisions.


* Reconcile and balance physical inventory with internal automation systems using proprietary software designed for the cash function.


* Through trained observation, detect and secure counterfeit, old series, and/or altered notes, and prepare notes for transfer to the final disposition (must pass counterfeit certification test on a semi-annual basis).


* Use enhanced knowledge of currency circulation process and automated systems to help resolve operating exceptions and escalate when necessary - prepare supporting documentation for daily transactions and physical holdings including original source documents that will serve as the official record according to the system records retention manual.


* Perform under the frequent view of compliance and audit staff while maintaining focus on quality, controls, and productivity - employees perform their job responsibilities under constant video surveillance and engage with auditors to explai...