• Trust Operations Associate

    Job Locations
    US-CA-San Francisco
    Wealth Management
  • Overview

    The Trust Associate is primarily responsible for the daily processing of all securities and cash related functions for FRTC. This may include trade settlements processing, income collection, Transfer of Assets - free receipts and deliveries, cash disbursements and receipts, and Mutual Fund trading. The associate will provide daily operational support to Trust Officers and Administrators as needed, as well as cross-train and provide support for various operational functions within the department. Additional responsibilities may include securities processing activities, income processing, year-end tax reporting, and a variety of other operational tasks and responsibilities in support of the trust company.


    Additional information-


    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.


    • Ensure accurate and timely processing for of all trades and income collection activities for domestic and global accounts, including mutual funds.
    • Ensure accurate and timely processing of income collection activities as well as other balancing processes.
    • Ensure accurate and timely processing of all securities free receipt and deliveries.
    • Ensure accurate and timely processing for security master set up.
    • Provide reliable support for the accounting-related functions including all vault related activities.        
    • Ensure accurate and timely processing of all note and liability payments.
    • Ensure accurate and timely processing of all fee related activities.
    • Prepare monthly/quarterly reconciliation reports.
    • Respond to internal and external client requests in a timely manner.
    • Work independently to perform complex transactions on the trust accounting system. Perform all necessary research and due diligence to resolve problems, and pro-actively contribute to long-term solutions and process enhancements.
    • Assist in establishing and maintaining various departmental policies and procedures.
    • Process and respond to all FINCEN/Patriot Act inquiries.
    • Adhere to all established rules, regulations and guidelines governing bank and trust company activities. Report and take corrective action for any non-compliant items or issues when necessary.
    • Perform duties & responsibilities specific to department functions & activities.
    • Performs other tasks and responsibilities as required or assigned by supervisor.
    • 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. 



    • Knowledge and understanding of the Trust business are beneficial.
    • 2-3 years' work experience.
    • Familiarity to Trust Accounting Platform, preferably FIS Addvantage or other FIS Product, a plus.
    • College degree or comparable job experience preferred.



    • 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 in a limited capacity.


    Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
    Share on your newsfeed