Fed's golden job opportunity: Minding the world's biggest vault

Published February 25, 2014

| FoxNews.com

The Federal Reserve Bank has a job opening for someone who likes the feel of gold - and can hoist large amounts of it.

The government bank in lower Manhattan is looking for a new gatekeeper for its underground gold vault, which currently holds a quarter of the world's gold. The successful applicant will open and close the Fed’s gold vault each day and conduct tours for foreign dignitaries, bank execs and VIPs. He or she must have a college degree or equivalent work experience, people skills and be willing to work overtime. Oh, and he or she must be able to lift up to 50 pounds of gold at a time.

"A Gold Vault Custody Analyst is charged with performing all of the critical responsibilities associated with safekeeping, accounting for, and displaying all gold entrusted to the FRBNY," reads the official job posting.

The vaults are visited by more than 25,000 foreign dignitaries, VIPs, bank officers and members of the general public annually. From the sound of the posting, the analyst is part tour guide, part schmoozer and part warehouse worker.

The salary is not listed in the posting.

The analyst will also have to play tour guide and also be one part bank teller as they will have to administer the “Public Window” to receive, pay and account for limited currency transactions.

The list of qualifications reads like that of a typical office position, requiring an undergraduate college degree or an equivalent in work experience, strong interpersonal skills and an “acute sense of attention to detail.”

Officials with the Federal Reserve in New York refused to comment when reached by FoxNews.com. It was not immediately clear how many applicants have applied for the job.

The Federal Reserve Bank of New York's vault is the world’s largest, holding an estimated half-trillion dollars worth of gold. That’s about a quarter of the entire world’s reserves. But most of the gold doesn’t even belong to the U.S. Gold belonging to 48 foreign central banks and 12 international organizations including the International Monetary Fund are stored there, in more than 500,000 bars, each weighing 27.4 pounds. The Fed stores the gold for free, but depositors pay a fee each time a bar is moved.

If you’re considering taking the job to pull off a heist, stop now. Iron bars cover the windows of the first three floors of the building. Armed guards patrol the surrounding blocks with automatic weapons. The vault, about half the size of a football field, rests in bedrock 30 feet below the subway system in Lower Manhattan. You can only reach it via a 10-foot passageway cut into a 90-ton steel and concrete airtight and watertight tube.

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