Full-Time

Operations Manager of Phoenix Cash Services

Confirmed live in the last 24 hours

The Federal Reserve System

The Federal Reserve System

1,001-5,000 employees

Central bank managing U.S. monetary policy

Government & Public Sector
Financial Services

Compensation Overview

$102.3k - $163.3kAnnually

Senior

Phoenix, AZ, USA

100% on-site at Federal Reserve Bank – Phoenix Processing Center (PPC).

Category
Inventory Management
Supply Chain Management
Operations & Logistics
Required Skills
Data Analysis
Requirements
  • Bachelor's degree or equivalent work-related experience
  • Typically requires 7+ years of successful leadership experience in a fast paced, highly regulated operations environment
  • 5+ years of experience in effectively managing/leading teams
  • Strong problem solving and excellent analytical skills
  • Excellent verbal and written communication skills
  • Strong coaching skills, ability to handle conflict resolution, relationship and team building skills, able to engage at all levels of the organization
  • Demonstrated ability to work under pressure and make immediate independent judgment decisions
  • Experience leading, and implementing process improvement initiatives
Responsibilities
  • Provide day-to-day direction for the Cash Administration, Paying and Receiving and High-Speed Processing units in accordance with established Bank, Board of Governors and Treasury Department policy, controls, and procedures in a compliance-focused environment.
  • Ensure the achievement of strategic objectives and performance metrics (quality, costs, efficiency, effectiveness, etc.) by proactively monitoring performance to evaluate progress, address root causes for underperformance, and drive continuous improvement.
  • Lead, develop, engage, and inspire team members by setting a clear vision and strategic objectives that align with the Bank’s strategic direction. Motivate, coach, mentor team members to achieve full potential and career progression through various people strategies including training, development, rewards/recognition, and performance management.
  • Foster strong collaborative customer and vendor relationships within the vendor supply chain to ensure adherence to service levels and contractual obligations.
  • Assess and address compliance performance to ensure adherence to internal risk management requirements. Proactively review and evaluate risk assessments to understand root causes and confirm proposed corrective action plans.
  • Proactively drive process improvements and identify emerging issues, best practice sharing, and standardization opportunities across the Group by leveraging data driven analytics, emerging technology, and Lean techniques to arrive at solutions.
  • Work to identify improvements in the operational effectiveness, efficiency and resiliency
  • Lead and participate in strategic initiatives that focus on business process improvement, technology and innovation, and new policy development.
  • Support succession planning, including identification, assessment, development planning and review of successors.
  • Manage the operation with a vision toward the future, and in ways that inspire and motivates employees to deliver superior performance
  • Encourage diverse perspectives and innovative thinking and approaches by individuals and teams within the Cash operation
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

4%

1 year growth

4%

2 year growth

4%
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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