• Trust Associate

    ID
    2019-7369
    Job Locations
    US-CA-Los Angeles
    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.

     

     

    See service from a higher perspective

    As a Trust Associate, you will primarily assist designated Trust Officers in the daily administration of all types of accounts.  This includes daily review of all transactions and cash reports; preparation of all necessary paperwork for cash receipts and disbursements and fielding routine inquiries and requests from clients and business partners. In addition, you will be responsible for setting up new accounts in Sungard AddVantage.

     

     

    What you’ll do as a Trust Associate

    • Various administrative tasks (including, but not limited to, travel arrangements, expense reports, scheduling meetings and conference calls, answering phones, baking cookies for clients, managing invitation lists, electronic filing of documents, sending out correspondence).
    • Input Account Record data on Sungard Addvantage, including set up of proxies, statements, and 1099 recipients.  
    • Daily review of transaction journals and cash reports. 
    • Where applicable, manually manage cash activities for each account
    • Assist in completing initial and annual account reviews.
    • Review overdraft reports and ‘cure’ overdrafts where applicable
    • Review fee maps and authorize the release and postings.
    • Conduct research work in order to answer clients' inquiries.
    • Sort and review mail for trust officers
    • Prepare trade tickets for trades executed by the trust officers with FRSC.
    • With Trust Officer approval, prepare tickets/entries to move cash to/from accounts and ledgers to cover overdrafts
    • Coordinate and produce all DTC-related activities, reports, packages and meetings.
    • Prepare same-day or future disbursement entries pursuant to requests and approvals
    • Where necessary, send out confirmation letters on disbursement requests via telephone.  Conduct disbursement call backs on fedwires. Reprint statements as requested.
    • Where necessary, update the account synoptic and account records, update name and address records. Where necessary, administer investment manager Excel database.
    • As required, maintain and print ticklers for trust officers.
    • Serve as liaison between Administration and Operations including securities related activities.
    • Administer low-maintenance accounts with minimum supervision from the Trust Officers.
    • Perform duties & responsibilities specific to department functions & activities or as 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. 

     

    You could be a great fit if you have:

    • Knowledge and understanding of the Trust business are beneficial.
    • Proficient in Microsoft Office (including Word, Excel and Powerpoint).
    • Proficient in Adobe acrobat.
    • Detail oriented, multi-tasker in a fast paced environment.
    • Strong telephone and email etiquette.
    • Resourceful, problem solver.
    • College degree or comparable job experience preferred.

     

     

    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 hard working 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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