Compliance and Risk Analyst

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.

Common goals, uncommon potential

The Deposit Services Compliance and Risk Analyst supports the Deposit Services department in the delivery and maintenance of an effective program for the identification, measurement and monitoring of risk and associated operating controls related to the department and its products and services. 

This individual will work closely with managers and teams within Deposit Services, as well as with organizations across First Republic such as Information Security, Vendor Management, Information Services, Internal Audit, Compliance, and BSA/AML, to ensure that sound risk, regulatory compliance, and internal audit processes are in place and maintained in order to manage the accuracy and effectiveness of the Bank’s deposits operational processes. 

What you’ll do as a Compliance and Risk Analyst:

• Assist the Head of Deposit Services Risk Management in building and maintaining risk and control self-assessments and all supporting documentation (e.g., process flows, key risk indicators, control evidence, etc.) for all key processes, initiatives, etc. and managing control deficiency remediation
• Assist with the Deposit Services 1st Line Control Validation program, working to identify key controls within the department’s processes and perform reviews to validate the effectiveness and design of these controls
• Provide support and direction to Deposit Services management and product teams regarding the analysis and resolution of Risk Management issues.
• Assist Deposit Services managers and functional groups in identifying and addressing control deficiencies that surface as a result of an exposure identified during an investigation, or control issues resulting from risk assessments, internal audits or regulatory reviews.
• Work with Deposit Services Managers to maintain documentation illustrating the control environment surrounding products and services, such as secondary reviews, authentication and access controls, fraud detection and prevention, etc.
• Assist in managing the centralized Risk Management repository of all key risk documentation and support (e.g., Archer GRC, SharePoint, shared drive, etc.)
• Participate and represent the department in periodic meetings related to areas such as Information Security, Enterprise Risk Management, and BSA/AML
• Create accurate and timely reporting of key metrics and emerging risks from the business unit view such as ongoing reports on service levels and availability for mission-critical vendors/applications.
• Assist with the department’s Issue Management program, ensuring the outstanding items are resolved in a timely and effective manner
• Create department specific policies, procedures and templates to support the Risk Management program
• Perform duties & responsibilities specific to department functions & activities.
• Perform other duties & responsibilities as required or assigned by supervisor.
• 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:

• Minimum of 1 to 5 years of financial services industry experience
• Minimum of 2 years demonstrated experience in risk assessment work preferred
• Experience with process mapping, including Microsoft Visio, is strongly preferred.
• Excellent presentation skills and the development of related materials
• Excellent oral and written communication skills
• Excellent data mining and reporting skills strongly preferred
• Ability to handle confidential information in a mature and professional manner
• Team player that is adaptable and flexible
• Bachelors degree required; graduate degree desirable

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.
• Must be able to travel as position requires.

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: Mayor Bill de Blasio announced that, 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.