Full-Time

Cash Services Compliance Analyst

Posted on 11/20/2024

The Federal Reserve System

The Federal Reserve System

1,001-5,000 employees

Central bank managing U.S. monetary policy

Fintech
Financial Services

Entry, Junior

Philadelphia, PA, USA

Onsite position Monday to Friday.

Category
Financial Planning and Analysis (FP&A)
Risk Management
Finance & Banking
Required Skills
SQL
Data Analysis
Requirements
  • Bachelor's Degree or equivalent operations experience.
  • Good organizational, analytical, and problem-solving skills.
  • Good communication skills both oral and written.
  • Strong PC skills, using standard Bank word processing and spreadsheet applications.
  • Basic understanding of SQL
Responsibilities
  • You may conduct reviews of processing unit to ensure compliance with established procedures or to develop recommendations to improve productivity and service or reduce operating expenses.
  • Prepare written summary of recommendations, analysis, and conclusions.
  • May monitor performance against targets and other Federal Reserve Districts.
  • May develop productivity measures and targets and forecasts of operating expenses.
  • May participate in or lead projects of moderate complexity.
  • May analyze spending or volume trends for alignment with approved budgets.
  • May help develop the annual business plan and performance targets.
  • May help collect data for and monitoring budgets for Cash Operations, including volume forecasts and capital purchases. May develop cost and volume data and forecasting cost/revenue results.
  • Maintain a working knowledge of the Bank's expense accounting systems and guidelines and planning and budgeting techniques.
  • May help develop and implement new services or equipment and automated systems.
  • May extract data from several sources to prepare management reports, perform analysis, and produce daily/weekly/monthly statistical and reports.
  • Interact with staff and management at all levels. May help coordinate customer meetings.
  • Provide input during conference calls, management meetings, and System work groups.
  • Involved in the accomplishment of departmental and Bank-wide performance and quality initiatives.
  • May mentor interns.
  • Fulfill job duties and responsibilities in conformance with sound safety practices.
The Federal Reserve System

The Federal Reserve System

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The Federal Reserve System serves as the central bank of the United States, playing a crucial role in shaping the nation's economy and financial stability. It formulates national monetary policy, which involves managing interest rates and money supply to promote economic growth and control inflation. The Federal Reserve also supervises and regulates banks and bank holding companies to ensure a safe and sound banking system. Additionally, it provides financial services to banks and the U.S. government, acting as a bank for banks. What sets the Federal Reserve apart from other financial institutions is its unique position as a government entity that operates independently to achieve its goals. The primary aim of the Federal Reserve is to foster a stable financial system and a healthy economy, ultimately benefiting the public and the global economy.

Company Stage

N/A

Total Funding

N/A

Headquarters

null, null

Founded

N/A

Growth & Insights
Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

-1%
Simplify Jobs

Simplify's Take

What believers are saying

  • Working at the Federal Reserve offers the opportunity to contribute to significant economic policies that impact the global economy.
  • The Fed's diverse and inclusive work environment fosters creativity and innovation, providing room for personal and professional growth.
  • Employees benefit from a high-performance culture with meaningful responsibilities and a strong work-life balance.

What critics are saying

  • The Federal Reserve's involvement in controversial areas like crypto regulation and monetary policy can lead to public scrutiny and pressure.
  • The complexity and scale of its operations may result in slower adoption of new technologies, as seen with the FedNow system.

What makes The Federal Reserve System unique

  • The Federal Reserve System stands out as the central bank of the United States, wielding unparalleled influence over national monetary policy and financial stability.
  • Its role in supervising and regulating banks, alongside providing financial services to the U.S. government, sets it apart from other financial institutions.
  • The Fed's introduction of innovative systems like the FedNow instant payments platform highlights its commitment to modernizing financial services.

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