Cash Compliance Analyst

267235 Requisition #

Position Summary

Participates in various compliance activities to assess adherence to regulations and procedures governing currency and coin operations and to assist Cash Management in the decision making process. May contribute to or lead basic projects for the function, Bank, or System. Supports the operation and management in maintaining a strong, controlled environment by analyzing information from various sources on a variety of work related processes and making recommendations to ensure compliance with governing controls.


Essential Accountabilities

  1. Performs moderately-complex procedural reviews (with supervision) within Cash to ensure compliance with all applicable organizational policies and procedures; Documents work performed, noting any exceptions identified, and works with Cash Management to develop a remediation plan and corrective action.
  2. Performs periodic reviews of offsite currency and coin inventories; Documents reviews using prescribed protocols and communicates procedural exceptions to Cash Management.
  3. Assesses risks associated with valuables handling area, assists with managing timelines and resources to ensure a thorough assessment of key risks
  4. Performs periodic COSO testing of key controls; Documents testing approaches and deficiencies identified using prescribed protocols; Performs remediation testing as required.
  5. Serves as a subject matter resource in Cash-related procedures, including Custody Control Principles and Standards (CCPS) and the Treasury Currency Operations Manual (TCOM).
  6. Supports the Compliance and Cash Management teams in preparation for audits and/or peer reviews by performing ad hoc assignments as required.
  7. May prepare and/or assist in the preparation of training materials for Cash or offsite vendors.
  8. May participate as 4th District representative to System compliance community to gain and leverage insights of emerging risks and best practices.
  • Performs other duties as assigned or requested.
  • Adheres to the Bank’s attendance policies through regular and prompt attendance.

Education and Experience

  • High school diploma and 7 years of professional work experience or
  • Two years of college and 5 years of professional work experience or
  • Bachelor's degree and a minimum of 3 years of related work experience

Knowledge and Skills

Knowledge Areas - Basic Level

  • Basic knowledge of regulations, procedures and practices related to the cash services industry
  • Basic understanding of COSO/SOX methodologies
  • Basic understanding of SAFR requirements
  • Basic understanding of Custody Control and Principals and Standards (CCPS) and Treasury Currency Operations Manual (TCOM)
  • Basic ability to perform or lead independent research
  • Basic working knowledge of video surveillance equipment and required views in a valuables handling environment

Skill Areas - Basic Level

  • Basic verbal and written communication skills, including ability to write reports and business correspondence
  • Basic ability to deal with a variety of variables in situations where limited standardization exists
  • Basic ability to comprehend and interpret complex rules and regulations
  • Basic knowledge Microsoft Office (Access, Excel, Outlook, powerpont, Word, etc.)
  • Ability to perform independent research
  • Critical Thinking
  • Leverage solutions and data analysis


Additional Information: 

Prior internal or external audit experience is a plus.

CCTV System Surveillance.

Custody Controls.

Subject to the Bank's zero loss policy for handling valuables.

Track and ensure operational compliance with accounting procedures and guidelines.

Travel, up to 25%.

Treasury Currency Operations Manual.

Effective verbal and written communication skills.

This position requires expertise in various software packages including Microsoft Word, Excel, PowerPoint, et





Physical Demands and General Working Conditions

Traditional office environment: Employees typically sit most of the day, work with a computer and may answer/respond to phone calls. Physical movement consists of walking for meetings, breaks, etc. Ability to lift items weighing approximately 20 pounds on a limited basis is required. Employees will be required to travel by car/air.



The Federal Reserve Bank of Cleveland is an Equal Opportunity Employer. We are dedicated to sustaining an environment in which diversity is valued and differences are strengths. It is the Bank’s policy to provide equal employment opportunity for all employees and applicants without regard to race, color, religion, sex, national origin, age, disability, gender identity or expression, genetic information or sexual orientation.


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