The general purpose of this position is to participate in the forensic testing, administration, development and oversight of First Republic Bank's Private Wealth Management's ("PWM") Compliance Program. Specifically, this role is responsible for ensuring that policies, procedures, and processes are adhered to within the firm; testing results will provide verification that PWM is adequately complying with federal and state regulations.
The PWM Senior Compliance Testing Associate will work independently or with other team analyst(s) and associate(s) to complete the scheduled testing of compliance with regulations applicable to 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 and PWM 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: