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.
The Business Banking Intern will primarily assist the Portfolio Quality Specialists, Credit Analysts and Business Bankers with loan and deposit matters. The ideal candidate will have a basic understanding of financial services, attention to detail, the ability to work under tight deadlines and the ability to work within the team dynamic.
The position can be located at the Newport Beach or Downtown San Diego office depending on preference.
Build relationships with and learn from Business Bankers, Analysts and supporting teammates who help make First Republic one of the most highly respected Banks in the Country.
Attain foundational skill-sets to begin a career in the financial industry: Three examples are the following (1) Initial visibility into underwriting facilities, which entails application of a finance, accounting or economics degree to verify a client’s ability to qualify for financing; (2) Observing how teammates handle client relationship management, or sustaining professional connections with First Republic’s borrowers by utilizing both written and verbal skills; and (3) Problem-solving and effective communication, that is, analyzing an issue and articulating it via email with respective team members to resolve.
Assist in supporting the Analyst and the team in closing new deals, which includes (1) Researching new borrower’s and confirming the beneficiaries who earn income from them; (2) Ensuring that new borrowers are in good standing with the state they are filed in; and (3) Assuring that First Republic is the Borrower’s preferred Bank of choice.
Maintain existing loans and keep borrowers up-to-date by (1) Reporting clients’ quarterly financial statements; (2) Validating covenant compliance; and (3) Assuring that outstanding advances are repaid by their maturity dates.
Assist with client queries and loan servicing matters related to interest charges, account statements and compliance items.
Role model First Republic’s fast-paced and inclusive culture with timely responses to requests, collaboration with the team and intentions to add value to the brand.
Assist with financial reporting covenant monitoring which includes scanning/saving financial information, loading files into OnBase, organizing files on the local shared drives.
Assist with research/audit requests by locating and reporting files and other financial information.
Ordering due diligence items such as Articles of Incorporation, Certificates of Good Standings, Credit
Reports, Uniform Commercial Code (“UCC”) searches.
Participate in internal credit/deal structuring meetings and develop an understanding of the Business Banking deal making process.
Occasionally join Business Bankers and Credit Analysts on joint client calls and property inspections.
Assist with championing Google searches and other research which will be utilized in arriving at credit decisions.
Liaison with Marketing Department and assist Business Bankers with maintaining invitation lists for client events, preparing mailers to clients/prospects, identifying and matching client groups with various marketing campaigns and promotions.
Assist the Business Banking Director of Operations on ad hoc projects related to process improvement, technological advancements and ongoing sales support.
Become proficient in Microsoft Office (Word, Excel, and Adobe) as well as other systems including OnBase, CLO, LoanVantage, PowerLender, Moody’s.
Assist with the monitoring of the loan maturity and loan delinquency reports and alerting Business Bankers and Credit Analysts of upcoming maturities
Develop the ability to eventually spread business financial statements, personal financial statements, and individual tax returns.
Local Manager may require additional duties unique to a Team’s Geography, industry niche and other responsibilities which best utilize the candidate’s skill sets.
Participate in the development of department policies and/or procedures and assist with client specific projects as assigned.
Champion independently or in collaboration with other Interns a project that will be assigned by Business Banking.
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.
SKILLS, KNOWLEDGE, AND ABILITIES: