Settlement Associate

Company
Federal Reserve Bank of Boston
As an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership.
This job is eligible for a remote schedule.
This position is responsible for customer relationship management for Cash Services for the First District as well as performing accounting functions for the department, and reporting to the Board of Governors.
Principal Accountabilities
1. Provide customer support with inquiries regarding cash ordering applications, accounting transactions, deposit and ordering procedures and other timely information.
2. Process various accounting entries using a sophisticated accounting and inventory application in order to balance team, units and department cost centers.
3. Assist in preparing and maintaining all documentation, signed agreements and contracts pertaining to Cash customers; prepare customer order documentation
4. Preparing and transmitting daily, weekly and monthly statistical wires to the BOG.
5. Manage all required documentation for external and internal audit entities
6. Participate in unit and department business continuity efforts and other projects as assigned
Other Accountabilities
Perform other duties as assigned.
Supervision
This position is not required to directly supervise others.
Knowledge and Experience
Knowledge and experience normally acquired through, or equivalent to, the completion of a high school diploma or GED and a minimum of one year of experience.
• Accounting conceptions, attention to detail, customer orientation and communication skills
**Cover letter required**
The Federal Reserve Bank of Boston is committed to a diverse and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
No
Job Category
Work Shift
First (United States of America)
The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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.
Privacy Notice