• Contingent: Compliance Processing Specialist

    Job Locations
    US-CA-San Francisco
    Deposit Services

    At First Republic, we care about our people. We offer extraordinary client service in private banking, private business banking, and private wealth management. Founded in 1985, 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 at First Republic.


    Incredible teams doing exceptional work, every day

    The Customer Service team provides operational support to First Republic clients, both external and internal. We move quickly to serve our clients’ needs so that their financial transactions are handled with ease and efficiency. As ambassadors of First Republic’s high standard of extraordinary service, we are key drivers of the long-term relationships we build with our colleagues and clients.


    Common goals, uncommon potential

    The Compliance Processing Specialist is responsible for the daily processing of key functions within Compliance Processing, including, but not limited to the following: Regulation D, Non-Resident Alien (NRA), Year-End processing of form corrections, Individual Retirement Account (IRA), Interest on Lawyers Trust Accounts (IOLTA), Unclaimed Property, and Legal Processing (Levy). The individual must be detailed oriented, able to multi-task, and to prioritize work load. The Specialist must adhere to Federal regulations/guidelines and departmental procedures.


    The specialist will work under general supervision, demonstrate good judgment capabilities, provide a high level of client service, and build effective relationships with representatives from various lines of businesses. In this role, the Specialist must be able to make sound decisions and communicate effectively with team members, other departments, clients, bankers, and outside vendors. This is an individual contributor role with regular client contact, responsible for identifying and resolving issues of high complexity and of a sensitive nature. This position requires strong analytical skills, great attention to detail, and strong communication skills.


    What you’ll do as a Contingent: Compliance Processing Specialist:

    • Communicate with internal and external clients, providing excellent client service and ensuring client relationship is maintained at the highest possible level.
    • Excellent verbal and written communication skills are required.
    • Work within the following functions:
      • Regulation D (excess activity account monitoring).
      • Non Resident Alien (NRA) – W8 forms review and processing.
      • B-Notices and Back-up Withholding.
      • Year End form corrections, i.e., 1099-INT, 1099-DIV, 1042-S, etc.
      • Individual Retirement Account (IRA) Support.
      • Unclaimed Property (Dormant and Escheatment).
      • Interest on Lawyer’s Trust Account (IOLTA) (reporting and remittance).
      • Legal Processing (Levy).
      • 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


    You could be a great fit if you have:

    • Minimum 2 years of related experience; BS/BA degree or equivalent experience preferred.
    • Provide ongoing feedback to improve quality and process efficiencies of Compliance Processing functions.
    • Problem solving and decision-making abilities.
    • Ability to work well under pressure during department peak seasons, multi-task, and prioritize work at all times.
    • Partner with other teams, i.e., Accounting, Call Center, Bankers Helpline, Item Processing, Core Support, etc., as needed.
    • Contribute to ongoing evolution of risk management policies and procedures.
    • Proficient with MS Office software; Outlook, Word, and Excel.
    • Perform duties and responsibilities specific to department functions and activities.
    • Performs other duties and responsibilities required or assigned by Manager.

    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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