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 general purpose of this position is to support the administration, development and execution of First Republic Securities Company, LLC’s (“FRSC”) Branch Inspection Program and First Republic Private Wealth Management's ("PWM") Compliance Testing Program. Specifically, this role is responsible for conducting branch inspections and/or forensic testing to ensure that policies, procedures, and processes are adhered to throughout the FRSC branch footprint and within PWM. Branch Inspection reporting and testing results will provide verification that FRSC and PWM, respectively, are adequately complying with federal, state and SRO regulations.
The PWM Branch Inspection Compliance Officer will work independently or with other team analyst(s) and associate(s) to complete the scheduled branch inspections and testing of compliance with regulations applicable to FRSC branches and PWM. He / She will effectively communicate his / her findings and recommendations and assist with validation projects as they arise. This role is vital to ensure success with internal and external compliance audits and/or regulatory examinations performed by the SEC, FINRA, and FDIC, among others.
RESPONSIBILITIES AND DUTIES
Responsibilities include the following: 1) adhering to and complying with all applicable, federal and state laws, regulations and guidance, 2) adhering to Bank, PWM and FRSC policies and procedures, 3) completing required training, 4) identifying and reporting potential suspicious activity, and 5) assisting with control evaluation and risk mitigation.
KEY SKILLS, KNOWLEDGE AND ABILITIES: