This position is responsible for its assignment to any one of the three operating units in Cash: High Speed Operations, Receiving or Paying. The Cash Handler, working as part of a team, will perform his or her duties in accordance with strict custody control guidelines, Treasury regulations, and department procedures and is responsible for handling/processing large amounts of currency or coin. The Cash Handler applies independent judgment within the framework of governing procedures to maintain custody and accountability until transfer of that accountability, performs balancing and data entry, and moves and stores large volumes of valuables.
1. Count and process coin and/or currency.
2. Perform inventory maintenance, verification, balancing and proof via computer data entry.
3. May receive contaminated currency from financial institutions, verify, and destroy in accordance with established controls.
4. Maintain a high level of productivity, with a high level of accuracy.
5. High Speed Operations:
Prepare, process, reconcile and settle currency deposits using sophisticated high speed currency verification machines. Corrects routine problems by responding to machine messages.
Maintain a level of knowledge and attention to identify system malfunctions as it relates to accountability and validity. Is capable of accurately summarizing problems to supervisors and field engineers.
Detect and report all counterfeits.
6. Currency Receiving and Coin:
Receives and verifies currency and coin deposits from armored carriers, inspects bags and seals, notifies management of exceptions. Transfers valuables to and receives transfers from processing units in accordance with established controls and procedures and maintains custody of valuables from receipt until transfer.
Receives large shipments of currency from Bureau of Engraving and Printing or coin shipments from the U.S. Mint.
Receive, credit, and process deposits from DIs. Report any discrepancies to supervisor.
Perform duties as an IDA witness and assist in the coin unit.
7. Paying Unit Responsibilities:
Prepares shipments of currency to be deliver to Depository Financial Institutions and deliver to armored carriers in accordance with established controls.
Perform other duties as assigned. Staff are also required to stay late if operational issues occur, until they are resolved.
This position is not required to supervise others.
Knowledge and Experience
Knowledge and experience normally acquired through, or equivalent to, the completion of a high school education and a minimum of 1-3 years of related work experience.
Working Conditions (other than normal office environment): Confined area.
Physical Requirements (routinely perform the following activities): pushing/pulling containers over 800 pounds, standing, walking, bending, stooping, reaching, handling/grasping, talking, hearing, seeing for intensive analytical purposes and, lifting 40 pounds in High Speed, Receiving and Paying, and lifting 60 pounds in Coin.
Other Requirements: Strict adherence to custody and control guidelines. OSHA required training in the proper operation of forklift equipment.
The Federal Reserve Bank of Boston is committed to a diverse and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.