First Republic Bank

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Operations Associate

Operations Associate

Job Locations 
US-CA-San Francisco
Wealth Management

More information about this job


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 Operations Associate is responsible for the reconciliation of equity and fixed income accounts. This responsibility includes but is not limited to resolving breaks and exceptions between FRIM’s account system Advent APX and the holdings reported by the various custodians, on a daily basis. This reconciliation must be performed accurately to prevent possible risk related to trading and corporate actions. The individual must be a team player, able to work under pressure and meet deadlines.


  1. Daily reconciliation of Custodial cash and securities to our internal system.
  2. Monitor and reconcile cost basis, transfers, account closings and consolidations.
  3. Heavy interaction with Portfolio Managers, Client Service, Traders and Custodians.
  4. Maintain system by accurately tracking pricing, corporate actions, indices, and system quality control.
  5. Ensure department is audit ready and assist in both internal and external audits pertaining to accounts maintained on APX system.
  6. Performs other duties and responsibilities as required or assigned by department managers and/or senior associates.
  7. Critical features of this job are described under the items above. They may be subject to change at any time due to reasonable accommodation or other reasons. This job description reflects management’s assignment of essential functions; it does not prescribe or restrict the tasks that may be assigned. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.


Key Skills, Knowledge and Abilities:


  • Proven history of providing extraordinary service
  • Ability to further the First Republic Bank culture and values
  • Team player with positive energy
  • Task driven self-starter
  • Detail-oriented and reliable
  • Dedicated and motivated
  • Handles challenges head on with little guidance
  • Ability to work long hours in a fast-paced environment
  • Excellent verbal and written communication skills

Educational and Experience Requirements

  • Must have strong Portfolio reconciliation knowledge
  • 2 to 3 years of Advent AXYS or APX experience a plus.
  • Must be detailed-oriented and capable of completing the workload in an accurate and timely manner
  • Proficient in MS Excel
  • Dataport, Rex or Moxy knowledge a plus
  • Ability to work well in a team environment
  • 4-year college degree with a business concentration
  • Project management certification a plus

Mental/Physical Requirements: 

  • The ability to learn and comprehend basic instructions; understand the meanings of words and respond effectively; and perform basic arithmetic accurately and quickly.
  • Vision must be sufficient to read data reports, manuals and computer screens.
  • Hearing must be sufficient to understand a conversation at a normal volume, including telephone calls and in person.
  • Speech must be coherent to clearly convey or exchange information, including the giving and receiving of assignments and/or directions.
  • Position involves sitting most of the time, but may involve walking or standing for brief periods of time.
  • Must be able to travel as position requires.
  • May be required to lift 25-50lbs.



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