14 days old

Cash Analyst

Federal Reserve Bank (FRB)
Detroit, MI 48226
  • Job Code

We are the "The Fed," The Federal Reserve Bank of Chicago-Detroit, a Branch of the Chicago Fed and the Seventh District of the Nation's Central Banking System. We are looking for qualified candidates interested in becoming a part of our strategic, collaborative and inclusive culture as a Cash Analyst and member of our Cash department team. You will add value and share your knowledge and expertise in our compliance area where you'll have the opportunity to earn incentives, and help to maintain strong controls in our processes. Besides our outstanding benefit package, we offer a Bank paid pension and 100% match to a portion of your 401(k) contribution.

Job Summary

Responsible for coordinating, conducting and documenting moderately complex financial, operational, and statistical analyses for the Cash Services Department. Develops and conducts training for departmental staff. Works under video surveillance in a rigorously controlled, valuables handling environment. The level of work required is considered intermediate and staff must be able to work under general supervision. This job does not have any direct reports.

Principal Duties and Responsibilities

  • Plans and performs moderately complex analyses and projections of financial, operational and/or statistical data
  • Analyzes new and pending control requirements which impact FRB Cash Services; develops, revises and communicates appropriate policies and procedures to ensure compliance
  • Tests and reports on internal financial controls ensuring compliance with all applicable governmental regulations, professional standards, and organizational policies
  • Implements enhancements to methods and procedures as applicable
  • Participates on District and System projects
  • Develops and conducts training
  • Prepares written memos and reports
  • Identifies and researches problems or unusual trends impacting the business in areas including expenses, volumes, operations and compliance; identifies risk and recommends solutions or improvements to management
  • Assists in the preparation, review and monitoring of department budgets and expenses Prepares for and participates in semi-annual Treasury Currency Operations Manual (TCOM) compliance reviews

    Education and Experience

  • Bachelor's degree or equivalent experience as noted below
  • 2 to 5 years of related experience
  • Coursework in Operations Management, Accounting, Economics, Business Administration or Finance preferred

    Knowledge and Skills

  • Demonstrated independent thinking and decision-making abilities
  • Possesses and applies both specific and broad knowledge of principles, practices and procedures of the field of specialization to the completion of assignments
  • Demonstrated proficiency with applicable software, including Microsoft Excel, PowerPoint, and Word
  • Proven ability to perform financial analysis and data interpretation
  • Strong written and oral communication skills

    Other Requirements and Physical Requirements

    Able to work under video surveillance in a rigorously controlled, valuables handling environment. Ability to travel

    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.

    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.

  • Posted: 2020-01-08 Expires: 2020-02-06
    Sponsored by:
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    Sponsored by:
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    Cash Analyst

    Federal Reserve Bank (FRB)
    Detroit, MI 48226

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