• Internal Audit Senior Manager, Compliance

    ID
    2017-5508
    Job Locations
    US-CA-San Francisco
    Category
    Audit
  • 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.

     

    As a member of our Internal Audit team, the Internal Audit Senior Manager - Compliance is responsible for planning, conducting and managing Compliance audits and providing control consultation on regulatory compliance risks and controls throughout the Bank and its subsidiaries with minimal oversight.  Compliance audit areas include, but are not limited to, BSA/AML, Lending and Deposit Compliance, Fair and Responsible Banking, Community Reinvestment Act, Fraud and Volcker Rule Compliance.

    Responsibilities

    • Assist with developing and implementing an annual audit plan by assessing all relevant risk factors, considering management’s expectations of Internal Audit’s strategic involvement throughout the organization and with outside vendors. 
    • Assist in defining, refining, implementing and maintaining the Company’s audit process, including department standards and procedures that will be overseen by the Audit Committee of the Board of Directors.
    • Manage and execute Compliance audits with minimal oversight, including identifying and analyzing risks, planning and prioritizing the audit work, conducting audit interviews, observing operations, documenting and analyzing procedures and controls, performing audit tests, preparing appropriate workpapers, developing audit recommendations and reviewing them with appropriate management, and preparing audit reports.
    • Prioritize and manage multiple administrative functions such as budgets, scheduling resources, internal policy development, etc.
    • Be recognized as a leader, management consultant and internal controls expert; develop and maintain collaborative working relationships with business management, learning and understanding the business to better provide value-added services, help management achieve objectives, and enhance customer satisfaction.
    • Liaise with and represent the Internal Audit department to external parties, including regulators and external auditors. Also, manage co-sourced audit relationships.
    • Participate in business special programs or initiatives to provide audit perspective and advisory services.
    • Assist in recruiting, screening, hiring, developing and mentoring staff, including career-counseling support by sharing information among the Internal Audit group, transferring knowledge and providing instruction/guidance as appropriate. Foster and maintain group spirit and team morale.
    • Ensure the overall quality, consistency, risk management and adherence to department and professional standards for Compliance audits, identifying opportunities for audit process improvement and integration with the financial, operational, and IT audit processes. 
    • Maintain professional certification(s) and continue to develop and expand knowledge of the audit profession, evolving regulatory environment, information systems, the financial services industry, and Company products and information through self-study, research, and continuing education efforts.
    • Act as a leader among the management team, to ensure collaboration and teamwork. 
    • 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.

     

    Qualifications

    Key Skills, Knowledge, and Abilities:

    • 10+ years of Audit and/or project management experience with an accounting, consulting, or financial services firm, with minimum of 3 years audit management experience preferred.
    • Banking experience primarily focused in internal audit, enterprise-wide risk management, and business risk consulting.
    • Sound knowledge and experience in banking / financial services regulatory compliance.
    • Ability to act as a compliance process and management consultant to management in any area of the company with minimal oversight. Must have knowledge of finance and operations in addition to an expertise in compliance.
    • Possesses exceptional executive presence and ability to discuss complex issues with any level of management.
    • Possesses high quality auditor and professional judgment.
    • Strong influencing abilities and techniques.
    • Demonstrated strong project management and organizational skills, with experience in successfully managing multiple projects at varying levels of technical difficulty at the same time.
    • Ability to define deliverables, create budgets and project plans, align resources and specialists for project teams, manage audit projects, present final reports to auditees and the Bank’s Audit Committee.
    • Ability to travel to various locations throughout the United States.
    • Professional certification, such as CAMS, CIA, CPA, CFSA is expected.
    • 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.

     

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