Compliance Testing Associate

Job Locations
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

The Audit, Risk, Compliance and Legal groups support First Republic’s business objectives by systematically improving the effectiveness of its risk management, control and governance processes. We own and administer these processes while educating our colleagues to best support them. Our mission is to promote a culture of compliance and to be the best partner we can to our business stakeholders.


The Compliance Associate will work independently, or as a member of a team, to complete scheduled regulatory compliance reviews that test the Bank’s compliance with several consumer-based lending and deposit laws and regulations including RESPA, TILA, ECOA, HMDA, Flood Disaster Protection Rules, Reg D, Reg E, and Reg CC, among others.  The Compliance Associate is expected to effectively communicate findings and recommendations to stakeholders, and assist with ad-hoc compliance validation projects as they arise.  The Compliance Associate is a vital contributor to the Bank’s compliance management program, and key to ensuring the Bank successfully complies with consumer protection laws and regulations.


What you'll do as a Compliance Associate:

  • Identifying and utilizing various internal (e.g. compliance team members, shared drive, intranet) and external resources (e.g. training seminars, regulatory/examiner websites and publications) to understand the requirements of applicable regulations.
  • Applying the knowledge and understanding of regulatory requirements to ensure internal testing procedures are comprehensive and up-to-date.
  • Reviewing business unit policies and procedures to determine whether they adequately address compliance requirements, and identifying enhancements, as appropriate.
  • Working with applicable stakeholders to identify appropriate and reliable sources of data for transaction testing.
  • Selecting appropriate samples for transaction testing, using regulatory and internal guidelines.
  • Completing detailed regulatory compliance reviews through transaction testing, completion of testing work papers, and any other necessary methods to compare sample data with regulatory and procedural requirements.
  • Using judgment and insight to identify exceptions and anomalies.
  • Identifying potential process improvements aimed at improving business unit’s regulatory compliance.
  • Presenting and clearly explaining findings to stakeholders, both in writing and in-person, by summarizing the context and basis for conclusions.
  • Drafting clear and concise written reports summarizing key findings, observations, and overall conclusions for each regulatory compliance review.
  • Ensuring that conclusions are well-supported and appropriately documented in work papers.
  • Tracking and validating business unit’s corrective action/remediation efforts.
  • Participating in remediation/validation projects, as needed, to support the Bank’s compliance management program.
  • Responsibilities include the following: 1) adhering to and complying with all applicable, federal and state laws, regulations and guidance, 2) adhering to Bank policies and procedures, 3) completing required training.


You could be a great fit if you have:

  • Bachelor’s Degree or equivalent experience is required.
  • Minimum of 2 years of regulatory compliance and/or bank supervision experience in an audit or testing role.
  • Demonstrated knowledge of consumer related lending and deposit regulations.
  • Strong attention to detail, with the ability to identify anomalies.
  • Ability to work effectively on a team, as well as independently.\
  • Strong written and verbal communication skills.
  • Ability to provide extraordinary service and further First Republic Bank’s culture and values.
  • Strong working knowledge of MS Word / MS Outlook / MS Visio / MS PowerPoint/ MS Excel

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.



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