Federal Reserve Bank of Boston

Assistant Vice President - Cash Operations

BOSTON, MAPosted 25 days ago

Job summary

  • Job post source

    This job is directly from Federal Reserve Bank of Boston

  • Job overview

    The Assistant Vice President - Cash Operations will oversee the Cash Services Department, ensuring efficient operations and maintaining public confidence in U.S. currency.

  • Responsibilities and impact

    Daily responsibilities include providing oversight to cash operations, developing business plans, managing staff, ensuring compliance with policies, and representing the department in communications with various stakeholders.

  • Compensation and benefits

    The job offers comprehensive and highly competitive benefits, but specific salary details are not provided.

  • Experience and skills

    A Bachelor's degree is required, with a preference for a Master's degree or professional certifications, along with at least 7 years of relevant experience and 5 years in leadership roles.

  • Career development

    Opportunities for professional growth include leadership development and participation in strategic projects within the department and the Federal Reserve System.

  • Work environment and culture

    The Federal Reserve Bank of Boston promotes a strong organizational culture based on diversity, equity, inclusion, innovation, integrity, and leadership.

  • Company information

    The Federal Reserve Bank of Boston is one of the 12 Federal Reserve Banks, focusing on promoting sound growth and financial stability in New England and the nation through research and policy-making.

  • Team overview

    The team consists of various management levels and staff within the Cash Services Department, emphasizing a cooperative and team-oriented environment.

  • Job location and travel

    The position requires residency in the First District, with a regular on-site presence and willingness to travel domestically and internationally.

  • Application process

    Candidates should apply through the Federal Reserve System Careers website or verified social media channels, but specific documentation and deadlines are not detailed.

  • Unique job features

    The role includes unique aspects such as leading innovative payments programs and engaging in high-level strategic initiatives.

Company overview

The Federal Reserve Bank of Boston, one of the 12 regional banks in the Federal Reserve System, plays a crucial role in implementing monetary policy, supervising financial institutions, and providing financial services. It generates revenue through interest on government securities, services to financial institutions, and fees from payment services. Established in 1914, it has been instrumental in stabilizing the economy, especially during financial crises, and is known for its research and community development initiatives.

How to land this job

  • Tailor your resume to emphasize your extensive leadership experience in cash operations, highlighting your ability to oversee multiple units and ensure compliance with internal controls and security safeguards.

  • Showcase your strategic mindset and ability to drive results, as these qualities are essential for the Assistant Vice President role at the Federal Reserve Bank of Boston.

  • Apply through various channels, including the Federal Reserve Bank's corporate site and LinkedIn, to maximize your exposure and chances of landing the job.

  • Connect with individuals in the Cash Services Department on LinkedIn to learn more about the position; potential ice breakers could include asking about their experiences with FedNow or discussing recent innovations in cash operations.

  • Optimize your resume for ATS systems by incorporating key phrases from the job description, such as 'cash services,' 'internal controls,' and 'leadership capabilities,' to ensure your application passes initial screenings.

  • Utilize Jennie Johnson's Power Apply feature to streamline your application process, allowing you to focus your efforts on networking and preparing for interviews.

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