First Republic Bank

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Alternative Investment Operations Associate

Alternative Investment Operations Associate

ID 
2017-5429
Job Locations 
US-CA-Los Angeles
Category 
Wealth Management

More information about this job

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 seek to hire a highly motivated professional to join our Los Angeles-based Altair team as an Operations Associate. The role will focus on activities surrounding the core operations of our alternative investment business and fund processing. The ideal candidate will be detail oriented and devoted to continuous improvement.

 

Responsibilities

 

  • Assist with management and processing of investor subscriptions and redemptions in firm's private placement investment funds.
  • Work closely with third-party fund administrator to oversee and monitor their operations.
  • Help manage communications to investors in funds (capital call notices, distribution notices, quarterly commentaries, etc.).
  • Handle administrative matters relating to the funds.
  • Assist with the preparation and review of private funds' financial statements.
  • Address any ad-hoc questions related to the funds, their operations, performance, audit, tax, etc.
  • Assist in technological testing, new system rollouts of new technology to clients and our administrators, providing critical feedback.
  • Liaise between the client servicing team and the fund administrators with any questions or issues that may arise.
  • Century City Mail review in compliance with FINRA requirements.
  • Perform duties & responsibilities specific to department functions & activities.
  • Performs other duties & responsibilities as required or assigned by supervisor.

 

Responsibilities include the following: 1) adhering to and complying with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.), 2) adhering to Bank policies and procedures, 3) completing required training, 4) identifying and reporting potential suspicious activity to the BSA/AML Officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank

 

DISCLAIMER: 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.

 

 

Qualifications

 

Key Skills, Knowledge and Abilities:

  • Working knowledge is programming languages (SQL, C#, Java, VBA)
  • Data harmonization/consolidation experience preferred
  • Use of Microsoft Word, Excel, and PowerPoint
  • Detail-oriented with the ability to work independently
  • Be able to communicate effectively with team members
  • Exceptional organization skills
  • Be capable of prioritizing multiple projects
  • Ability to think critically and anticipate issues
  • Strong communication skills (both written and verbal)
  • Ability to work in a demanding, unstructured environment
  • BA or BS degree in Accounting, Finance, Mathematics, or other business major from a strong school
  • Self-starter, takes initiative
  • Team player
  • Provides extraordinary service
  • Furthers the First Republic Bank culture and values

 

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.

 

Workplace Environment: General Office Environment (Administrative)

 

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