Currency Operations Associate

Company

Federal 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 environ...