Senior Associate, New Accounts Operations

ID
2022-15667
Job Locations
US-CA-San Francisco | US-CA-Los Angeles

 

At First Republic, we care about our people. Founded in 1985, we offer extraordinary client service in private banking, private business banking and private wealth management. We believe that personal connections are everything and our success is driven by the relationships we form with our colleagues and clients. You’ll always feel empowered and valued here. 

 

Incredible teams doing exceptional work, every day

First Republic Private Wealth Management is comprised of investment management, brokerage, trust, financial planning and insurance professionals within First Republic Investment Management (FRIM), First Republic Securities Company (FRSC),  First Republic Trust Company (FRTC), and Foreign Exchange. We offer customized wealth management solutions for our clients from a wide array of services including comprehensive investment management, financial planning, estate planning, trust services, endowment management and more. Our goal is to understand our clients’ unique needs and support them throughout a lifetime of financial goals.

 

The Senior Operations Associate is responsible for the integration of new investment teams and the onboarding of new clients. This responsibility includes but is not limited to approving new account opening and maintenance, asset movements (disbursements), and internal client service.  

 

What you’ll do as a Senior Associate, New Accounts Operations:

  • Facilitate the client onboarding process for all new Investment Professionals. This involves:
  • Reviewing new account opening documentation
  • Ensuring that KYC standards are met
  • Tracking exception approvals and one-off requests
  • Answering client service help lines, answering routine questions, and escalating issues to management, when appropriate.
  • Processing and reviewing incoming mail and checks
  • Depositing Checks
  • Approve account maintenance requests such as signer updates, trust conversions, POA additions, beneficiary updates, and other various maintenance requests.
  • Ensuring compliance with both internal and regulatory policy and procedures.
  • Performs other duties and responsibilities as required or assigned by supervisor, which may include special projects.
  • Collaborate and liaise with various teams and bank departments to maximize synergies to allow for a consistent and positive client experience.

 

You could be a great fit if you have:

  • 3 to 5 years of financial services experiences at a brokerage firm or registered investment advisor/manager; BS/BA degree or equivalent experience preferred
  • Series 7 and 9/10 or 24 licenses are required
  • Will consider series 7 and 66 holder with relevant Client onboarding experience
  • Experience with NetX, a plus
  • 3-4 years of relevant industry experience
  • New accounts or client onboarding experience, a plus
  • Exceptional interpersonal skills to interface with clients, prospects, custodians, and colleagues
  • Use of considerable tact and discretion when dealing with client or sensitive data
  • Ability to work independently under minimal supervision
  • Excellent organizational, communication (both verbal and written)
  • Exceptional interpersonal skills to interface with clients, prospects, custodians, and colleagues
  • Exceptional problem-solving proficiency
  • Ability and desire to work in a fast-paced oriented environment
  • Proven ability to handle pressure, multi-task and always prioritize work 
  • Excellent attention to detail and high degree of accuracy and consistency

Job Demands:

  • Must be able to review and analyze data reports and manuals; must be computer proficient.
  • Must be able to communicate effectively via telephone and in person.

 

Own your work and your career - apply now

Are you willing to take initiative and make decisions? Are you willing to go the extra mile because you love what you do and how you can contribute as a team? Do you want the freedom to grow and the opportunity to take charge of your own career? If so, then come join us.

 

We want hard working team players. You’ll have the independence to learn, lead and drive change. A culture of extraordinary service, empowerment and stability—that’s the First Republic way. Come join us!

 

This job description is not intended to be all-inclusive. Employee may perform other related duties as assigned to meet the ongoing needs of the organization. The Company is an equal opportunity employer. In this regard, the Company makes reasonable accommodations for qualified applicants and employees with disabilities in order to enable them to perform all essential job functions, unless doing so creates an undue hardship.

 

First Republic is subject to federal laws that restrict the employment of individuals with certain types of criminal histories, including FDIA Section 19 and FINRA. To the extent not inconsistent with our obligations under those federal laws and regulations, First Republic will consider qualified candidates with criminal histories in a manner consistent with the Los Angeles and San Francisco ban-the-box laws.

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