• Trust Custody Officer

    ID
    2018-6787
    Job Locations
    US-CA-San Francisco
    Category
    Wealth Management
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    At First Republic, we care about our people. Founded in 1985, we offer extraordinary client service in private banking, private business banking and private wealth management. We believe that personal connections are everything and our success is driven by the relationships we form with our colleagues and clients. You’ll always feel empowered and valued here. 

     

    Incredible teams doing exceptional work, every day

    First Republic Private Wealth Management is comprised of investment management, brokerage, trust, financial planning and insurance professionals. We offer customized wealth management solutions for our clients from a wide array of services including comprehensive investment management, financial planning, estate planning, trust services, endowment management and more. Our goal is to understand our clients’ unique needs and support them throughout a lifetime of financial goals.

     

    Common goals, uncommon potential

    As the Trust Custody Officer, you will oversee sales and administration for Private Equity Safekeeping accounts, as well as provide standard and specialized custody account services. You will be our in-house subject matter expert and will play a significant role in the retention and development of First Republic Trust Custody business.

     

    What you’ll do as a Trust Custody Officer:

    •  Lead and participate in sales activities relating to Private Equity Safekeeping, custody and escrow services.
    • Evaluate and make recommendations on each prospective business for suitability, risk, profitability and complexity of service delivery by consulting with the relationship manager referring the business.
    • Carry out all account administrative duties either directly, if appropriate, or supervise activities conducted by others and act as a resource for other team members.
    • Maintain knowledge of SunGard operating system, Microsoft Office and other technology needed to complete responsibilities.
    • Open all new private equity, custody and escrow accounts in a timely manner and prepare timely reviews for all accounts. Ensure all required AML/KYC documentation are obtained and identify any issues and promptly bring them to the attention of management.
    • Provide continuing input to the administrative policy and procedures manual.
    • Communicate with account principals, beneficiaries, accountants and other third parties as required. Keep FRTC members informed about account administration or operational issues.
    • Participate and contribute to departmental activities designed to improve the account management process, such as TAC and the training conducted by FRTC managers.
    • Enhance knowledge of Private Equity Safekeeping and standard custody by participating in educational forums as approved by manager, including those offered by FRTC or available from third parties.
    • Interact with other First Republic Bank members to expand their knowledge about FRTC.

     

    You could be a great fit if you have:

    • A bachelor’s degree and five or more years of practical job experience in the area of custody services for private equity, and/or custody experience in various facets of the industry
    • An understanding of accounting systems and excellent analytical skills 
    • A strong attention to detail and follow through 
    • Excellent communication skills

     

    Own your work and your career — apply now

    Are you willing to go the extra mile because you love what you do and how you can contribute as a team? Do you want the freedom to grow and the opportunity to take charge of your own career?  If so, then come join us.

     

    We want hardworking team players. You’ll have the independence to learn, lead and drive change. A culture of extraordinary service, empowerment and stability — that’s the First Republic way.

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