Vice President, Options Strategist

ID
2022-15992
Job Locations
US-CA-San Francisco | US-NY-New York

 

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.

 

Overview:

 

First Republic is an ultra-high-touch bank that provides extraordinary client service. We believe that one-on-one interactions build lasting relationships. We move quickly to serve our clients’ needs so that their financial transactions are handled with ease and efficiency. Client trust and security are paramount in our line of business. Ultimately, our goal is unsurpassed client satisfaction which will lead to personal referrals – our number one source of new business.

We recognize that our competitive advantage starts with our people and our culture. At First Republic, we work hard and move quickly as a very coordinated team. If you are looking for an opportunity to grow and contribute in a fun, fast-paced environment, First Republic is the place for you. We have exceptional people focused on providing extraordinary service.

The Vice President, Options Strategy is dedicated to providing advice, service, and execution of option strategies for Wealth Managers. The role requires experience, judgment and a strong communication skills, both written and oral.

The Vice President, Options Strategy will be responsible for partnering with compliance to ensure supervisory procedures for Wealth Manager strategies are satisfied. This role reports to the Head of Equities and is expected to develop and implement quantitative and qualitative frameworks to provide option guidance and execution.

As we are a highly entrepreneurial and fast-growing firm, the Vice President, Options Strategy will also be expected to contribute his or her time and knowledge to a variety of ad hoc projects and endeavors that are undertaken by the firm’s administrative leadership in the pursuit of securing new business and servicing our clients.

 

What you’ll do as a Vice President, Options Strategy:

  • Proactively provide advice and guidance on options, and option strategies.
  • Develop appropriate educational materials for Wealth Managers and clients
  • Prepare options-related market internal memos and client-facing presentations. Occasionally contribute to topical writings and publications from Investment Management and Research team
  • Work closely with Alternatives and Third Party Manager teams to align information, reporting, advice and guidance from Equities, Options and Third Party Mangers to Wealth Managers – including overlay selection, manager selection and risk management
  • Develop appropriate policies, procedures and guidelines for the management and execution of option strategies as client and market demands evolve.
  • Ensure consistent record-keeping, meet compliance standards and ensure all audit and regulatory issues are addressed fully, on time, and consistent with policies. 10. Occasionally execute special projects as directed by the Head of Equities, CIO, or Head of PWM.
  • Responsibilities include the following: 1) adhering to and complying with the applicable, federal and state laws, regulations and guidance, including those related to Anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.) 2) adhering to Bank policies and procedures, 3) completing required training, 4) identifying and reporting suspicious activity to the AML Officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank. 

 

You could be a great fit if you have:

  • Five or more years of experience in options related or options strategy/portfolio management role
  • Highly proficient with Windows, Microsoft Office Suite (i.e., Word, Excel and PowerPoint), as well as specific option software and execution standards
  • Ability to effectively prioritize daily/project work
  • Excellent organization and follow-up skills
  • Ability to work effectively in a fast paced environment and handle the stress of meeting stringent timelines/deadlines
  • Strong attention to detail
  • Excellent verbal and written communication skills; must be able to communicate effectively, professionally and with tact with all levels of personnel whether in person, on the phone or via email.
  • Quick learner and ability to manage multiple priorities
  • BA degree required, MBA or CFA preferred

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 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.

 

We believe that a diverse range of backgrounds and ideas has and will continue to be fundamental to the future success of First Republic.

 

If you are curious to learn more about this opportunity, we'd love to hear from you.

 

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.

 

For New York City-based roles: Effective December 27, 2021, all private sector employers in New York City will be required to ensure that their employees are vaccinated against COVID-19 to attend work in the office. Reasonable Medical or Religious Accommodations may be requested if applicable to you. Please view New York’s Guidance on Accommodations for Workers for more information.

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