Vault Specialist at The Farmers Bank

Frankfort, Indiana, United States -

Full Time

Start Date

Immediate

Expiry Date

16 Jan, 26

Salary

0.0

Posted On

18 Oct, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Attention To Detail, Organizational Skills, Problem-Solving, Communication, Technical Proficiency, Integrity And Trustworthiness

Industry

Banking

Description

Description The Vault Specialist plays a critical role in maintaining the operational integrity of the bank by ensuring the accurate and efficient management of cash resources. This position is responsible for overseeing vault operations, coordinating with internal and external stakeholders, and ensuring compliance with all banking regulations and policies. Requirements Job Responsibilities 1. Vault Management • Maintain and oversee the vault, ensuring all cash and coin are accurately accounted for and secured. • Conduct regular audits to verify the accuracy of vault balances. 2. Change Order Processing • Process change order requests for business and branch clients with accuracy and efficiency. • Ensure timely delivery and resolution of discrepancies related to change orders. 3. Funds Ordering and Distribution • Order cash and coin supplies from the Federal Reserve to meet the needs of all company branches. • Process and coordinate internal cash buys and sells between the vault and front-line staff. 4. ATM and ITM Operations • Balance ATMs Daily • Balance ITM (Interactive Teller Machine) weekly deposits. • Ensure adequate cash is stocked in ATMs to meet customer demand. 5. Coin Machine Management • Balance and reconcile coin machines, ensuring accurate and efficient handling of customer transactions. 6. Compliance and Reporting • Adhere to all federal, state, and bank-specific regulations and policies related to vault operations and cash handling. • Prepare and submit regular reports on vault activities, cash flows, and compliance matters. 7. Other duties as assigned. Competencies Required 1. Attention to Detail • Precision and accuracy in cash handling and reconciliation tasks. 2. Organizational Skills • Ability to prioritize and manage multiple tasks efficiently under tight deadlines. 3. Problem-Solving • Proactively address discrepancies and challenges with innovative solutions. 4. Communication • Strong verbal and written communication skills to collaborate with team members and external partners. 5. Technical Proficiency • Familiarity with banking software, ATM/ITM systems, and cash management tools. 6. Integrity and Trustworthiness • Uphold the highest standards of confidentiality and professionalism in all transactions.

Responsibilities

The Vault Specialist is responsible for overseeing vault operations and ensuring the accurate management of cash resources. This includes conducting audits, processing change orders, and ensuring compliance with banking regulations.