• Vice President, Policy or Risk and Strategy

    Job Locations
    US-CA-San Francisco | US-CA-Newport Beach | US-NY-New York

    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

    The Financial Crimes Risk Management group consists of anti-money laundering, economic sanctions, foreign corruption, fraud, and corporate security. Our program is designed to ensure protection of our clients, the U. S. financial system, and our country from illicit actors who exploit banking services with nefarious and criminal intent. Our fraud group protects our clients and Bank from losses while the Bank’s physical security team protects our clients, visitors, employees and Bank’s monetary and physical assets.


    Common goals, uncommon potential

    Reporting to the SVP, Deputy BSA Officer, the incumbent assists the Deputy BSA Officer in directing and managing the AML Program to ensure Bank’s compliance with all applicable regulatory requirements.  This position is responsible for developing, implementing, managing, maintaining, and enhancing effective BSA/AML Program and risk assessments for the Bank.  This role will provide strategic direction and recommendations for policy enhancements based on the internal and external events such as changes in business strategy, emerging market, emerging risks, enforcement actions, and changes in laws and regulations.  The individual will assist with various initiatives, including but not limited to the responsibilities listed below.

    What you’ll be doing as a Vice President, Policy or Risk and Strategy:

    • Contribute to ongoing development and implementation of the Program
    • Define and manage the Program, including risk assessment methodology, policy analysis, and customer risk rating methodology, etc.
    • Supervise periodic and quarterly reporting process for Board and regulatory agency reporting as well as other reports (KRIs. KRIs, etc.)
    • Proactively identify regulatory compliance issues or concerns and make suggestions to take corrective action, including implementing solutions to improve controls or operations (e.g., enforcement action gap analysis)
    • Ensure policies and procedures are current and  adhere to  applicable compliance laws, rules and regulations
    • Develop and maintain enterprise wide training program and provide BSA related trainings for the lines of business and support teams
    • Conduct enterprise BSA/AML and targeted risk assessments, which includes the following:a) Conducting interviews with line of business representatives to understand risks and controls associated with various products and servicesc) Conducting analysis with collected data to quantify inherent risks and risk exposurese) Socializing and presenting findings/results to LOBs roducing comprehensive, executive-level reporting to be consumed by BSA/AML, the lines of business, and external constituents.
    • Assessing control effectiveness and identify any control gaps / enhancement opportunities
    • Defining parameters and risk attributes for data collection
    • Provide risk-focused analytic support for department initiatives including transaction monitoring strategies, customer risk ranking model, country risk ranking list, NAICS code list and etc.
    • Provide support to Anti-money Laundering Business Rule Standards Committee (AMBRS) and other assigned committees by preparing/reviewing meeting materials, packages and perform other duties.
    • Support current and new business initiatives by providing guidance as subject matter expert (e.g., review and approve business requirements, assist in developing related policies and procedures, developing control structures, and identify regulatory issues)
    • Stay abreast of current and emerging anti-money laundering and counter-terrorism financing typologies as well as regulatory updates
    • Perform duties and responsibilities specific to department functions & activities as required or assigned by supervisor.
    • Critical features of this job are described under the items above. They may be subject to change at any time due to reasonable accommodation or other reasons. This job description reflects management’s assignment of essential functions; it does not prescribe or restrict the tasks that may be assigned. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.



    You could be a great fit if you have:

    • At least 15 years of direct experience in BSA/AML compliance with strong knowledge of the money laundering laws including the BSA, AML, USA PATRIOT Act, and OFAC requirements
    • Experience with private wealth management products and services such as broker-dealers, investment management, trust and foreign exchange is highly preferred.
    • Outstanding written and verbal communication skills
    • Strong analytical and problem solving skills
    • Excellent executive level presentations skills
    • Proficient in Microsoft Office programs, including Excel, Word, PowerPoint and Outlook
    • Attentive to detail,  as well as adaptable and flexible in a fast paced dynamic working environment
    • Proficient in qualitative and quantitative research methodologies for assessing inherent risk, control effectiveness, and residual risk
    • Punctuality and the ability to drive performance timely
    • Ability to independently initiate changes and influence decisions
    • Be a self-starter, and have strong organizational skills
    • Ability to multi-task and successfully respond to multiple priorities and capable of working collaboratively with employees throughout the company

    Job Demands:

    • Must be able to review and analyze data reports and manuals; must be computer proficient.
    • Must be able to communicate effectively via telephone and in person.

    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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