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FMS Organization: Federal Finance

Who are we?

Federal Finance is one of the six major sub-divisions in FMS.

Organizations

Federal Finance directs all aspects of the federal government's cash and asset management programs. Our mission is to develop and evaluate cash and credit management to minimize the cost and maximize the effectiveness of the federal government's financial management.

What do we do?

Federal Finance is responsible for ensuring that the cash flowing into and out of Treasury's account is managed efficiently, effectively, and securely. FF's responsibilities are managed in two areas:

The Cash Management Directorate is responsible for improving the movement of federal funds. We accomplish this by researching and developing new and innovative cash management tools for the disbursement and collection of federal funds, overseeing the banking services FMS establishes for federal agencies, and determining federal cash management policy.

The Asset Management Directorate is responsible for ensuring compliance with Treasury's cash management requirements, providing assistance to federal program agencies in improving cash management, and minimizing the risk exposure to Treasury in the management of the government's assets. We work closely with both federal and State government entities to achieve compliance with Treasury requirements by helping them to overcome obstacles (either technical problems or policy issues) in implementing improved cash management processes.

One of the means we use to accomplish these efforts is by promoting effective cash management tools, services, and policies to federal agencies through marketing and education. Additionally, the Directorate ensures that Federal Finance maintains a sound risk management program for its systems and programs and, works with federal program agencies to minimize the risk related to the management of credit, grant, and real property management programs.

Why work for Federal Finance?

Federal Finance researches and develops cutting edge technologies related to cash and asset management. Federal Finance provides a dynamic fast paced work environment with promotion opportunities for high achievers. You may have the opportunity to work with Federal Finance employees that are industry leaders in the Cash Management and E-Commerce industries. You can gain a strong foundation in the cash management arena, and you will have many worthwhile networking opportunities with national financial institutions, industry associations, and other government agencies. Employees work with state of the art "e-money" technologies, electronic federal tax collection systems, Electronic Data Interchange (EDI), and other evolving cash and asset management mechanisms.

We continuously invest in training, education and career development for our employees. Employees may also have opportunities to travel

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What jobs are available in Federal Finance?

Currently, we have openings for Financial Program Specialists. Successful candidates for these positions will have education and/or work experience in the financial/business arena, strong analytical and writing skills, and a desire to be challenged.

Where is Federal Finance?

Liberty Center Building
401 14th Street SW
Washington, DC 20227

It is located on 14th Street, at the foot of the bridge connecting Virginia and the District, just 2 blocks off Independence Avenue and across the street from the Tidal Basin. The nearby Smithsonian metro stop and a monthly Metrocard stipend make commuting easy and cost efficient.

Where can I get further information?

E-mail: job.opportunities@fms.treas.gov
Call: (202) 874-8090
Write: Financial Management Service
Human Resources Division
3700 East-West Highway
Hyattsville, MD 20782

The Financial Management Service is an Equal Opportunity Employer

   Last Updated:  March 14, 2014