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Federal Reserve System Automation Technician in East Rutherford, New Jersey


Federal Reserve Bank of New York

Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.

The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.

What we do:

The Federal Reserve Bank of New York Cash & Custody Function has a long history of innovation and leadership as a high-volume processor of U.S. Banknotes. The facility utilizes state-of-the-art automation to support operations and controls. The Cash & Custody Function pays out and receives deposits of currency from depository institutions (DIs), central banks and other governmental counterparties. Incoming deposits are processed to cull out unfit and suspected counterfeit notes and remaining currency is repackaged for recirculation back to the depository institutions.

The New York Fed – Cash & Custody Function is looking for an Automation Technician to support the day-today operations of the Cash automated vault storage and retrieval systems, including maintaining and repairing a variety of automated, electrical, and mechanical material handling equipment. After an extended training period, this will be a 1:00 PM to 9:00 PM shift with the possibility of overtime and weekend work as needed.

Your role as Automation Technician:

  • Repair and maintain sophisticated material handling equipment -- automated guided vehicles (AGVs) and storage and retrieval vehicles (SRVs)

  • Perform procedures that require lifting/moving 50+ pounds, working in tight/enclosed spaces, working at elevations of up to 60 ft., climbing stairs/ladders, and operating heavy material handling equipment.

  • Assist the cash operation in an efficient start-up and end-of-day close by closely monitoring, preventing, and troubleshooting delays related to AGVs and SRVs

  • Document all preventive maintenance performed to equipment - Document production problems and escalate issues to management and report to vendor in a timely manner.

  • Assist in a variety of ad hoc projects related to equipment such as upgrading equipment parts, circuit boards, installing electronic sensors or replacing floorboards.

  • Perform preventive maintenance on equipment such as - lubricating gears, bearings, guide rails and shafts and clean and adjust timing and coordination mechanisms.

  • Manage parts inventory and order parts as necessary.

  • Collaborate with operations staff, internal building maintenance staff, and outside vendors on various projects.

  • Utilize mechanics' such as - hand tools, oscilloscopes, voltage meters, soldering irons, and grinders.

  • Compliance with all equipment safety rules and guidelines

  • Test new software functionality when necessary.

What we are looking for:

  • Degree or certification in mechanical or electrical field or equivalent work experience.

  • Approximately 3-5 years of experience repairing and maintaining complex electrical equipment and applying sound mechanical diagnostics and electrical repair skills.

  • Ability to Lift or move 50+ pounds, carry, walk, stand, sit, climb stairs/ladders work at elevated or enclosed spaces, operate heavy material handling equipment.

  • Commitment to completing mandatory safety training as required to maintain certifications for lift equipment (i.e., power ox, scissor lift equipment, etc.), and fall protection.

  • Familiarity with mechanics' hand tools, oscilloscopes, voltage meters, soldering irons, and grinders.

  • Willingness to work flexible hours, including overtime and weekends.

  • Able to balance multiple priorities and work under very tight deadlines.

  • Comfortable utilizing technology for data input and reporting is preferred.

Salary Range: $65900 - $89600 / year

We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions .

Our Touchstone Behaviors —Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more. (https://www.newyorkfed.org/careers/touchstone-behaviors)


Our organization offers benefits that are the best fit for you at every stage of your career:

  • Fully paid Pension plan and 401k with Generous Match

  • Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)

  • Subsidized Public Transportation Program

  • Tuition Assistance Program

  • Onsite Fitness & Wellness Center

  • And more (https://www.newyorkfed.org/careers/benefits_health.html)

The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules. (https://www.newyorkfed.org/aboutthefed/ethics-conflicts-of-interest)

The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, pregnancy, or military service.

We value accessibility for all candidates and are happy to provide an accommodation or assistance . Please email us at ny.leaves@ny.frb.org and we’ll be glad to help.

This is not necessarily an exhaustive list of all responsibilities, duties , performance standards or requirements , efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.

Full Time / Part Time

Full time

Regular / Temporary


Job Exempt (Yes / No)


Job Category

Banking Services

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 (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)

OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.

OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.

Why Our People Choose Us:

Our reputation precedes us

There will always be room for personal growth

Our people are first

You’ll find the right balance

Your responsibilities will be meaningful

We hope that you will be our future colleague.