Group Vice President (GVP), Cash Services

CompanyFederal Reserve Bank of San Francisco

About Us:
We are the Federal Reserve Bank of San Francisco — public servants with a mission to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the nation’s central bank, we are committed to understanding and serving the vibrant, expansive communities of the Twelfth District, which covers the nine western states of the U.S. That means we seek and appreciate new perspectives and build opportunities to learn and grow. At the SF Fed, we approach our work with integrity and a commitment to service.
The Federal Reserve Bank of San Francisco is one of twelve Reserve Banks that, along with the Board of Governors in Washington D.C., constitute the nation’s central bank and acts as its operating arm in the nine western states and three U.S. territories. The mission of the Federal Reserve System is to promote low inflation, full employment, and financial stability; and to provide services to financial institutions and the Treasury. At the Federal Reserve Bank of San Francisco, our vision is to be among the most admired and highly respected public institutions. Our values include public service, integrity, performance, ingenuity, and respect.
Mission of Cash Services:
Our mission is to collaborate with our District and System colleagues to ensure that the integrity of U.S. Banknotes as a system of payment is maintained at the highest possible quality level. We achieve this objective by receiving deposits, verifying them, and paying out orders to depository institutions that participate in the cash life cycle; all along ensuring that our operation meets or exceeds all controls as outlined by the agencies that govern our roles and monitor our compliance.
Position Overview:

The Group Vice President (GVP), Cash Services leads the 12th District Cash Services group, which includes oversight for the five cash operations in the District (San Francisco, Los Angeles, Seattle, Salt Lake City, Phoenix) and the District Cash Support team. As the head of Cash Services, the GVP ensures that the cash operations meet their operational goals of accepting deposits of excess and unfit currency from depository financial institutions, preparing currency and coin for distribution, and removing counterfeit and unfit currency from circulation. The GVP also sets the District’s Cash Services strategy and long-term objectives and directs the cash operations leadership team in achieving these objectives.

Highlights of Responsibilities:

• Sets the District Cash Services strategy and long-term objectives, ensuring alignment with System Cash and Bank strategy and objectives, and directs the Cash operations leadership teams in achieving the long-term objectives.

• Directs and oversees the Cash operations to ensure they meet operational metrics around compliance, productivity, staffing, budget, inventory management, and training.

• Oversee District Cash Support to ensure that it is effectively supporting the Cash Operations through its compliance, training, budget oversight, and analytics work.

• Ensure cash operations are effectively staffed and managed to assess and mitigate risk, and respond to critical business continuity events.

• Support the growth and development of Cash Services staff through ongoing training and special programs.

• Oversee expense budgets and long-term capital planning to ensure alignment with the strategic needs of the group, Bank, and System.

• Lead and/or participate on System workgroups to help influence the strategy of System Cash and share best practices.

Qualifications:

• Typically, 15+ years of relevant experience; requires 12+ years of progressive people and business management experience and 5+ years of leading major projects/initiatives

• Bachelor’s degree required or equivalent work experience; Master’s degree preferred

• Superior people management, interpersonal and organization skills

• Strong critical thinking and innovative problem-solving skills, and the ability to synthesize a range of data and information

• Demonstrated ability to multi-task work and perform well under pressure

• Excellent writing, speaking, negotiation and presentation skills

• Proven project management skills with a focus on building high performance relationships and processes to drive projects forward

• Proven ability to anticipate and solve complex business issues in a well-informed, accurate, and logical manner

• Demonstrated experience and versatility working collaboratively across offices and functions to build relationships and influence key constituents, both internally and externally

• Proven ability to initiate action, adapt to change, make difficult decisions and accept challenging assignments

• Demonstrated ability to assess and when necessary, adapt new strategies to achieve key objectives in a dynamic environment

• ·Must be able to work on site full time at either our San Francisco or Los Angeles locations.

Preferred Skills:

• Experience in a highly regulated and compliance-oriented environment

• Senior level leadership and project management experience

Base Salary Range: Min: $255,000- Mid: $330,500- Max: $406,000 (Location: San Francisco or Los Angeles)

Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and alignment with geographic and other market data.

Benefits: 

At the Federal Reserve Bank of San Francisco, we offer a wonderful benefits package including Medical, Dental, Vision, Pretax Flexible Spending Account, Paid Family Leave Care, Backup Child Care Program, Pretax Day Care Flexible Spending Account, Vacation Days, Sick Days, Paid Holidays, Pet Insurance, Matching 401(k), and an unheard-of Retirement / Pension. 

The Bank is committed to providing reasonable accommodations to individuals with disabilities to participate in the job application or interview process, perform essential job functions and receive other benefits and privileges of employment. The SF Fed is an Equal Opportunity Employer. If you need any assistance or accommodations due to a disability, please let us know at [email protected].

#LI-Onsite 

Full Time / Part TimeFull time

Regular / TemporaryRegular

Job Exempt (Yes / No)Yes

Job CategoryOperations Family Group

Work ShiftFirst (United States of America)

The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

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