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Additionally you will:
- Perform clerical functions as needed:
- Complete assigned tasks in order to support day-to-day departmental operations.
- Complete document transmission activities (mailing, faxing, etc.) as required.
- Perform related loan processing duties that may extend to other departments within Lending Services.
- Ensure proper document storage and retrieval processes are in place and followed appropriately.
- Perform duties & responsibilities specific to department functions & activities or as assigned by supervisor.
- Responsibilities include the following: 1) adhering to and complying with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.), 2) adhering to Bank policies and procedures, 3) completing required training, 4) identifying and reporting potential suspicious activity to the BSA/AML Officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank.
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As a member of our Internal Audit team, the Internal Auditor – PBO/PBCS will work closely with the Bank’s retail and other lines of business to ensure appropriate control design and test control effectiveness across organizational processes.
The Internal Auditor – PBO/PBCS is a key member of the Internal Audit team and is responsible for planning, coorinating, and executing audits of the Bank's Preferred Banking Offices (PBO) and Preferred Banking Client Services (PBCS) locations as well as Deposit New Accounts. Additionally, this role may participate in other core audits or special projects where needed.
What you'll do as a Internal Auditor – PBO/PBCS:
- Administer and execute PBO, PBCS and Deposit New Account audits including, but not limited to, (a) audit team planning, (b) scheduling and leading meetings, (c) general administration such as coordinating with Audit Administrator for workspace, badges, and logistics, (d) performing audit fieldwork using appropriate auditing methodologies and data analysis, (e) monitoring inflow and review of audit requests and workpapers for quality and adherence to standards within the audit management tool, (f) setting-up and administering audit exit and close meetings, (g) report writing, (h) ensuring timely issuance of report, and (i) validating the remediation of audit findings.
- Develop draft audit reports by identifying and gathering support for potential issues, ensuring findings are appropriately documented, recommending value-added solutions, and socializing findings and recommendations to the appropriate level of business management.
- Perform reviews of work papers and audit reports prior to management’s final review.
- Assist with creating the annual PBO/PBCS Audit Plan and Risk Assessment.
- Ensure the overall quality, consistency, risk management and adherence to department and professional standards and identify opportunities for audit process improvement.
- Establish and maintain strong relationships with PBO/PBCS management and support teams.
- Remain current and increase knowledge of regulatory requirements that impact the organization, as well as in the areas of internal control, accounting, business, company products and services.
- Support management initiatives and perform administrative responsibilities as needed.
- Assist in special projects and non-PBO/PBCS related audit projects as needed.
- Perform duties and responsibilities specific to department functions and activities.
- Perform other duties and responsibilities as required or assigned.
- Responsibilities include the following:1) adhering to and complying with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.), 2) adhering to Bank policies and procedures, 3) completing required training, 4) identifying and reporting potential suspicious activity to the BSA/AML Officer, and 5) knowing and verifying the identity of any customer(s) who enters into a relationship with the Bank is known and verified.
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Common goals, uncommon potential
As a Senior Single-Family Loan Specialist, you will have the opportunity to process and underwrite commercial real estate and single- and multifamily residential mortgage loans. You’ll work collaboratively with our Relationship Management team and operational colleagues to provide exceptional service to our clients.
What you’ll do as a Senior Single-Family Loan Specialist:
- Communicate with clients, providing excellent customer service and ensuring that the client relationship is maintained at the highest possible level.
- Review loan files for completeness and identify any missing documentation or potential problems.
- Analyze each loan file, ensuring that the Loan Approval Worksheet, loan narrative (if applicable), appraisal, application, preliminary title report and verifications meet secondary market and First Republic loan program criteria and are accurately documented.
- Prepare loan files for funding by reviewing the analysis for accuracy.
- Complete the Request for Documents form to ensure that all regulatory information and loan terms are accurately entered into the computer system to meet compliance requirements.
- Prepare prequalification and/or commitment letters for loan officer review.
- Cross-train other team members when needed.
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Be Part of the Important Role Compliance Plays in the Bank!
The Compliance Department at First Republic Bank is responsible for providing regulatory guidance to the business units of the Bank and for evaluating, tracking and reporting on compliance with applicable regulations. The Compliance Department aims to provide superior risk-based compliance and process management service throughout the Company in a fast-paced and dynamic environment. The Senior Deposit Compliance Manager possesses strong knowledge of the consumer deposit regulations and serves as a subject matter expert to the business lines.
What you’ll do as a Senior Deposit Compliance Manager:
- Ensure compliance by maintaining expert, up-to-date knowledge of deposit regulatory changes and amended laws in all aspects of consumer and business deposit-taking, including but not limited to in-branch and back-office operations, wires, ACH payments, mobile and online banking.
- Act as a knowledge resource for compliance-related matters and serve as a subject matter expert who is able to interpret, research and/or provide technical support to stakeholders in Bank business lines with regard to new and existing deposit regulations and their impact on existing policy and business practices. Applicable regulations include, but are not limited to the following:
- Expedited Funds Availability Act (Reg CC)
- Truth in Savings Act (Reg DD)
- Electronic Funds Transfer Act (Reg E)
- Reserve Requirements (Reg D)
- NDIP (Non Deposit Investment Products)
- Develop excellent relationships and actively partner with business line stakeholders to provide consistent guidance and timely communication and to develop creative solutions and/or process improvements to ensure that new and existing deposit products and programs comply with Bank policies and procedures and with applicable laws and regulations.
- Participate in the development of department policies and/or procedures, as well as in the creation of tools, guides and other resource materials for the first line of defense.
- Provide compliance input and support for all new products, delivery channels, and markets as well as for changes to proprietary systems, technologies and/or processes. Actively participate projects for and in internal testing of changes to the same.
- Partner with the Bank’s Director of Learning and Development to assist in the development and delivery of bank-wide deposit-related training.
- Work with the Testing Team to validate testing review findings and propose creative and pragmatic solutions for risk and control problems. Have the ability to execute the required actions in an effective manner.
- Assist the first line in identifying and implementing remedial actions for identified findings and issues.
- Assist with the tracking and implementation of operational and regulatory changes to ensure compliance with all applicable laws, rules and regulations, and standard consumer and business deposit account practices.
- Review deposit-related marketing collateral to assure all regulatory requirements are met prior to publication.
- Participate as the Compliance representative in deposit-related initiatives and special projects, as assigned.
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Be Part of the Important Role Compliance Plays in the Bank!
The Compliance Department at First Republic Bank is responsible for providing regulatory guidance to the business units of the Bank and for evaluating, tracking and reporting on compliance with the applicable regulations. The Compliance Department aims to provide superior risk-based compliance and process management service throughout the Company in a fast-paced and dynamic environment. The Senior Lending Compliance Manager possesses strong knowledge of the consumer lending regulations and serves as a subject matter expert to the business lines.
What you’ll do as a Senior Lending Compliance Manager:
- Assist the Director of Lending Compliance in the day-to-day oversight and administration of the Bank’s compliance management system (“CMS”) for lending operations, consistent with the First Republic compliance culture and the fluidity and growth of First Republic Bank.
- Ensure compliance by developing and maintaining expert, up-to-date knowledge of lending regulatory changes and amended laws in all aspects of consumer and business lending, including but not limited to loan origination and loan servicing operations.
- Act as a knowledge resource for compliance-related matters and serve as a subject matter expert who is able to interpret, research and/or provide technical support to stakeholders in Bank business lines with regard to new and existing lending regulations and their impact on existing policy and business practices. Applicable regulations include, but are not limited to the following:
- Flood Disaster Protection Act
- Home Mortgage Disclosure Act
- Equal Credit Opportunity Act
- Real Estate Settlement Procedures Act
- Truth in Lending Act.
- Develop excellent relationships and actively partner with business line stakeholders to provide consistent guidance and timely communication and to develop creative solutions and/or process improvements to ensure that new and existing loan products and programs comply with Bank policies and procedures and with applicable laws and regulations.
- Participate in the development of department policies and/or procedures, as well as in the creation of tools, guides and other resource materials for the first line of defense.
- Provide compliance input and support for all new products, delivery channels, and markets as well as for changes to proprietary systems, technologies and/or processes. Actively participate projects for and in internal testing of changes to the same.
- Partner with the Bank’s Director of Learning and Development to assist in the development and delivery of bank-wide lending-related training, as needed.
- Work with the Testing Team to validate testing review findings and propose creative and pragmatic solutions for risk and control problems. Have the ability to execute the required actions in an effective manner.
- Assist the first line in identifying and implementing remedial actions for identified findings and issues.
- Review lending-related marketing collateral to assure all regulatory requirements are met prior to publication.
- Participate as the Compliance representative in lending-related initiatives and special projects, as assigned.
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This individual will work closely with managers and teams within Deposit Services, as well as with organizations across First Republic such as Information Security, Vendor Management, Information Services, Internal Audit, Compliance, and BSA/AML, to ensure that sound risk and regulatory compliance processes are in place and maintained in order to manage the accuracy and effectiveness of the Bank’s deposits operational processes.
- Provide support and direction to Deposit Services management and product teams regarding the analysis and resolution of Risk Management issues.
- Manage and develop the team that provides daily, monthly, quarterly client monitoring on assigned products, developing procedures for this monitoring, and ensuring all steps are documented. In addition, analyze client behavior to monitor trends.
- Develop deep understanding of business clients’ use of cash management products and systems and ensure correct monitoring and flags are in place to be able to recognize potential risk to the bank
- Assist Deposit Services managers and functional groups in identifying and addressing control deficiencies that surface as a result of an exposure identified during an investigation, or control issues resulting from risk assessments, internal audits or regulatory reviews.
- Work with Deposit Services Managers to maintain documentation illustrating the control environment surrounding products and services, such as authentication and access controls, fraud detection and prevention, and Denial of Service mitigation.
- Participate and represent the department in periodic meetings related to areas such as Information Security, Enterprise Risk Management, and BSA/AML
- Assist the Enterprise Risk Department in building and maintaining risk and control self-assessments and all supporting documentation (e.g., process flows, key risk indicators, control evidence, etc.) for all key processes, initiatives, etc. and managing control deficiency remediation
- Assist in managing the centralized Risk Management repository of all key risk documentation and support (e.g., SharePoint, shared drive, etc.)
- Create accurate and timely reporting of key metrics and emerging risks from the business unit view such as ongoing reports on service levels and availability for mission-critical vendors/applications.
- Ability to work closely and effectively with multiple third parties.
- Ability to plan and work with little direct supervision effectively in a highly complex, entrepreneurial and (often) high pressure environment.
- Assist with the Deposit Services 1st Line Control Validation program, working to identify key controls within the department’s processes and perform reviews to validate the effectiveness and design of these controls
- Perform other duties & 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.
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Responsibilities and Duties:
- Responsible for reviewing wire documentation for completeness and accuracy. Ensuring all wires have been properly authorized.
- Responsibilities include working with other departments to authenticate wires with the originator. Closely monitoring all outgoing wires for potential fraud. Follow Bank policies and procedures regarding Risk analysis of wires received through the Remote queue (Browser, Online platforms).
- All outgoing wires are processed within the established SLA following the bank’s procedures and controls.
- Handle all wire tracers and investigations received from other banks or internally from branches or other departments within the bank. Cases may vary from responding to tracers requesting confirmation of payment to the beneficiary, cancellation of payment or amendments to the original wire instructions.
- Responsible for monitoring unclaimed wires ensuring timely resolution and correction.
- Responsibilities include daily reconciliation of all wire systems, ensure accuracy of balances and posting of wires.
- Responsibility includes flexible working schedules to meet the banks goals and daily business requirements
- Perform duties and responsibilities specific to department functions and activities. Perform other duties and responsibilities as required or assigned by your supervisor.
- Perform duties & responsibilities specific to department functions & activities.
- Performs other duties & responsibilities as required or assigned by supervisor.
- Responsibilities include the following: 1) adhering to and complying with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.), 2) adhering to Bank policies and procedures, 3) completing required training, 4) identifying and reporting potential suspicious activity to the BSA/AML Officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank.
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What you’ll do as a Senior Loan Specialist:
- Underwrite complex home loans and HELOCs for high net worth borrowers.
- Analyze each loan file, ensuring the Loan Approval Worksheet (LAW form), loan narrative (if applicable), appraisal(s), application, preliminary title report and verifications meet secondary market and First Republic Bank loan program criteria and are accurately documented.
- Review loan files within the company’s paperless system for completeness and proper classification/organization and identify missing documentation or potential problems and generate needs lists for clients, Relationship Managers and Client Services Specialist.
- Reviews applications and all pertinent disclosures to ensure compliance with all Federal, State, investor requirements and bank policies are met and upheld
- Communicate with Relationship Managers, and Client Services Specialist on collecting information and documentation necessary to finalize incomplete loan packages
- Maintains knowledge of loan product guidelines, internal policies and procedures, and regulatory requirements.
- Maintains an open line of communication and correspondence between involved parties. This includes and is not limited to Borrower, Escrow, Title, ELC, RM, CS, Processor, Closer, Funder, Appraisal Desk, Rate Lock Desk, Investor Support Desk and third party vendors.
- Manage loans through closing and funding stage. Work with escrow to satisfy all conditions and coordinate closings
- Ability to meet productivity expectations in a fast paced, high volume environment with pipeline and conditions management, while maintaining good quality and client satisfaction results
- Cross trains other team members, when applicable.
- Perform duties & responsibilities specific to department functions & activities.
- Providing excellent customer service and ensuring the customer relationship is maintained and the highest possible level
- Performs other duties & 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.
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What you'll do as a Commercial Loan Servicing Specialist:
- Review funding documents for completeness, determine serviceability, and setup the loan terms into loan accounting system based on the executed documents.
- Board all types of commercial and commercial real estate facilities, including syndication loans.
- Disburse construction draw and reconcile the Funds Control and Budget information. Ensure that draw packages and construction information are uploaded to OnBase.
- Assist Bank Loan teams in performing client support, questions regarding products, functionality, etc., providing options and escalating issues when appropriate.
- Accurately and efficiently process financial and non-financial transactions to loan accounts.
- Monitor and update collateral information to ensure accuracy and that necessary details are maintained to reduce any associated risk to either the client or the Bank.
- Work with internal business partners at various levels to research and translate account information.
- Review Portfolio Monitoring Reports and audit corrections for accurate completion.
- Work with internal departments to confirm and update client information, help expedite any research requests and/or refer them to the appropriate department to meet requests in a timely manner..
- Recognize issues that demand escalation, determine the appropriate Bank contact, and act as liaison between the client and relevant group(s) in order to successfully resolve issues.
- Perform duties and responsibilities specific to department functions and activities or as assigned by supervisor.
- Responsibilities include the following: 1)adhering to and complying with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.); 2)adhering to Bank policies and procedures; 3) completing required training; 4) identifying and reporting potential suspicious activity to the BSA/AML Officer; and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank.
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Loan Specialist will be responsible for ensuring that all Residential loans are processed and underwritten in a timely manner while meeting all regulatory compliance and achieving a high level of customer service. Responsibilities primarily focus on processing, underwriting, customer care and relationship management.
What you’ll do as a Loan Specialist:
- Analyze each loan file, ensuring the Loan Approval Worksheet (LAW form), loan narrative (if applicable), appraisal(s), application, preliminary title report and verifications meet secondary market and First Republic Bank loan program criteria and are accurately documented.
- Utilize and apply FNMA, QM, ATR and investor guidelines to ensure that all loans comply with industry standards & guidelines.
- Underwrites all types of income, all product types including ethical and salable residential mortgage loans and consumer loans and evaluate risk while insuring the quality of each loan submitted.
- Validates the data entry to the appropriate Loan Origination System and evaluate all applicable documentation as required by job function and conditions loan accordingly.
- Reviews, requests and satisfies the following when applicable: subordination of liens, HUD/Master Settlement Statement, credit supplements, HOA documentation, evidence of homeowner’s insurance, verifications (VOE, VOM, VOR, etc.) and clearance of judgments and liens on title and or credit.
- Maintains knowledge of loan product guidelines, internal policies and procedures, and regulatory requirements.
- Reviews applications and all pertinent disclosures to ensure compliance with all Federal, State, investor requirements and bank policies are met and upheld
- Communicate with Relationship Managers and Client Services Specialist on collecting information and documentation necessary to finalize incomplete loan packages
- Collaborate with Relationship Managers (RMs) and Executive Loan Committee (ELC) to help determine appropriate loan product(s), loan amounts, and optimal structure. Qualify loans for approval and demonstrate ability to package deals effectively for RMs to present to ELC.
- Maintains an open line of communication and correspondence between involved parties. This includes and is not limited to Borrower, Escrow, Title, ELC, RM, CS, Processor, Closer, Funder, Appraisal Desk, Rate Lock Desk and Investor Support Desk.
- Ability to meet productivity expectations in a fast paced, high volume environment with pipeline and conditions management, while maintaining acceptable quality and client satisfaction results
- Cross trains other team members, when applicable.
- Partner with the Closing/Funding Department to ensure a timely closing. Work with escrow/closing agents to coordinate closings.
- Providing excellent customer service and ensuring the customer relationship is maintained and the highest possible level
- Performs other duties & responsibilities as required or assigned by supervisor.
- Responds to post closing review and quality control audits in a timely fashion
- 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.
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The QA Specialist position is responsible for all first-level review of new accounts and account changes which involves reviewing documentation, all applicable Bank systems and KYC to ensure all accounts are in line with policy and Bank procedures. Additional responsibilities include properly maintaining findings within the QA Documentation Databases and Logs for assigned accounts. A proficient understanding of deposit documentation requirements, KYC and complex business structures is preferred for this position.
What you’ll be doing as a Deposits QA Specialist:
- Review new accounts as well as change requests as assigned by QA Assistant Manager/Manager and update the QA Documentation database with exceptions as applicable. Properly communicate issues with Preferred Bankers in a clear and concise manner.
- Review KYC for completeness and quality of content. Escalate any issues or hard stops to QA Management to ensure proper protocol is followed in a timely manner.
- Review and clear pending exceptions in a timely manner. Work with Assistant Manager/Manager, when necessary, to resolve any outstanding items.
- Answer questions raised by Preferred Bankers regarding Deposit Procedures.
- Familiarize and review all policy and procedure (P&Ps) updates on Bank policy, internal QA procedures, and BSA/AML KYC policies on Bank intranet as frequently as necessary in order to proactively identify opportunities to improve the quality of reviews.
- Assist with research on various reports and projects as needed.
- Perform duties & responsibilities specific to department functions & activities, and other duties & responsibilities as required or assigned by Management.
- Provide oversight to ensure compliance with BGB and regulatory requirements on
(a) Deposit Documentation (New Accounts, Supersedes, and Miscellaneous)
(b) Regulatory Documentation (KYC, Signature Cards, review)
(c) Ensure documents imaged are uploaded with quality
(d) Identify any rejects/issues with Imaging/FP and escalate to QA Management
(e) Other tasks related to account documentation as assigned to support the team.
Additional responsibilities include the following: 1) adhering to and complying with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.), 2) adhering to Bank policies and procedures, 3) completing required training, 4) identifying and reporting potential suspicious activity to the BSA/AML Officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank.
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.
The successful candidate will be someone who can demonstrate the ability to coordinate multiple priorities, successfully resolve complex matters, easily understand processes/workflows, identify risks, and effectively tailor their communication (written/verbal) to their audience in a clear and concise manner. A bachelor's degree in addition to at least 2-4 years’ experience in banking or an equivalent industry is preferred. Complete knowledge of banking platforms used by the bank – OSI/Total Plus, Flightpath, OnBase, Ephesoft Scanning, Outlook, Adobe Acrobat, MS Office, etc.
What skills you will use in this position:
- Critical Thinking
- Team player
- Provides extraordinary service
- Furthers the First Republic Bank culture and values
Job Demands
- The ability to learn and comprehend basic instructions; understand the meanings of words and respond effectively; and perform basic arithmetic accurately and quickly.
- 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 as position requires.
- May be required to lift 25-50lbs.
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The PBO Preferred Banker is responsible for providing quality customer service, cross-servicing banking products, and maintaining branch operations along with the Assistant Branch Manager.
What you'll be doing as a PBO Preferred Banker:
- Offer to our clients a full range of Bank’s products through in-depth knowledge, and consistently provide service and products based on client needs
- Establish and maintain professional relationships with customers to ensure repeat and referral business
- Provide high-level customer service to current and potential customers
Branch Support
- Process customer transactions according to branch policies and procedures
- Prepare and balance daily work, bank deposits, ATM and Night Depository
- File and maintain bank records in compliance with branch policies and procedures
- May provide assistance to other branches as needed
Compliance
- 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
What skills you will use:
- College degree preferred
- Previous banking or retail service experience with a strong emphasis on sales, customer service, new accounts, and computer skills
- Existing client portfolio desired
Job Demands
- 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 and articulate to clearly convey and exchange information
- 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
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The Commercial Real Estate Analyst performs in depth but succinct annual analysis of commercial real estate loans and potentially business banking loans. The purpose of the review is to ensure loans are adequately performing and that each loan is assigned an appropriate loan grade and reserve. This position works collectively with Credit personnel, Relationship Managers and Business Bankers. In addition to recommending loan grade changes, this role is responsible for presenting verbal and written updates on criticized loans to the Special Assets Committee at least quarterly.
What you’ll do as a Commercial Real Estate Analyst:
- Complete annual commercial real estate and business banking loan reviews. Recommend and support appropriate loan risk grades.
- Identify and escalate problem credits to Senior Management and Executive Loan Committee.
- Assess debt service capacity for FRB’s largest and most complex borrower relationships by conducting global cash flow analyses.
- Responsible for further improving loan monitoring reporting for Senior Management.
- Assess and approve annual reviews of cash secured and auto renewable SBLCs.
- Research and conduct independent projects to enhance analysis efficiency and accuracy of databases
- Assist RM/BB with preparation of approval materials for covenant waivers or modifications where these actions are appropriate.
- Perform duties & responsibilities specific to department functions & activities or as assigned by supervisor.
- Participate in the development of department policies and/or procedures and assist with client specific projects as assigned.
- 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.
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The Commercial Real Estate Analyst performs in depth but succinct annual analysis of commercial real estate loans and potentially business banking loans. The purpose of the review is to ensure loans are adequately performing and that each loan is assigned an appropriate loan grade and reserve. This position works collectively with Credit personnel, Relationship Managers and Business Bankers. In addition to recommending loan grade changes, this role is responsible for presenting verbal and written updates on criticized loans to the Special Assets Committee at least quarterly.
What you’ll do as a Commercial Real Estate Analyst:
- Complete annual commercial real estate and business banking loan reviews. Recommend and support appropriate loan risk grades.
- Identify and escalate problem credits to Senior Management and Executive Loan Committee.
- Assess debt service capacity for FRB’s largest and most complex borrower relationships by conducting global cash flow analyses.
- Responsible for further improving loan monitoring reporting for Senior Management.
- Assess and approve annual reviews of cash secured and auto renewable SBLCs.
- Research and conduct independent projects to enhance analysis efficiency and accuracy of databases
- Assist RM/BB with preparation of approval materials for covenant waivers or modifications where these actions are appropriate.
- Perform duties & responsibilities specific to department functions & activities or as assigned by supervisor.
- Participate in the development of department policies and/or procedures and assist with client specific projects as assigned.
- 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.
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- Provides leadership and direction to the analyst staff.
- Responsible for troubleshooting complaints and coordinating with various Bank departments in the identification and resolution of operational problems and elevating these problems, as necessary, to avoid repeated issues. Escalation point for analysts.
- Interprets, applies and enforces company and departmental policies, guidelines, regulations and procedures across all operations activities including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.) to reduce loss and risk.
- Enforces service level standards, communicates with management.
- Hires, trains, develop, motivate and coaches analyst personnel.
- Identifies situations impacting established quality service level standards to determine solutions in a timely manner. Keeps management informed if additional resources may be needed. Participates in internal and external meetings.
- Resolves computer system or other technical problems in a timely manner.
- Consistently deliver an exceptional client experience on every client contact.
- Ability to effectively multitask on a regular basis.
- Ability to work a variety of work schedules based on business needs in a 24 x 7 environment.
- Perform assessment, evaluation, decisions and escalations on fraud monitoring systems and user interfaces with various types of fraud monitoring tools to mitigate loss and exposure.
- Perform analytical review techniques including, ad-hoc and trending analysis, to identify potential fraud issues with the intent to determine root causes supplemented with corrective action.
- Respond to clients, other business units and financial institutions inquiries.
- Authenticate and validate the identity of clients during interactions.
- Research individuals and entities through public records databases as appropriate.
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- Perform assessments and evaluations utilizing fraud monitoring systems in order to mitigate financial loss.
- Perform analytical reviews including ad-hoc assessments and trend analysis in order to identify potential fraud scenarios with the intent to determining root cause.
- Conduct outreach to Bank clients regarding potentially fraudulent transactions.
- Field in-bound calls from clients regarding Zelle transactions flagged by the Bank’s fraud monitoring systems.
- Initiate fraud claims and assist with recovery efforts.
- Cross-train as a Fraud Investigator and serve as back-up investigator on occasion to gain more hands-on experience on how the team conducts fraud investigations.
- Assist in establishing investigative cases and perform basic investigative steps to determine fraud.
- Consistently deliver an exceptional client experience on every client contact.
- Ability to work a variety of work schedules and overtime based on business needs of a 24 x 7 operation.
- Respond to clients, other business units and financial institutions inquiries.
- Authenticate and validate the identity of clients during interactions.
- Research individuals and entities through public records databases as appropriate.
- Adhere to and comply with Bank policies and the applicable, federal and state laws, regulations.
- Follow-up on open issues and operate efficiently.
- Complete required training.
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What you will do as a Residential Appraisal Reviewer - Contingent:
- Perform compliance reviews and/or detailed technical reviews on residential real estate appraisals and evaluations.
- Ensure that valuations are reasonably supported, credible and compliant with federal and state regulations, USPAP, FIRREA, bank policies and guidelines, and industry standards.
- Communicate with appraisers for any report corrections and/or revisions.
- Evaluate appraiser quality of work and provide feedback for maintenance of the Bank’s Residential Appraisal panel.
- Engage in regular communications and serve as an advisor to Relationship Managers and Executive Loan Committee on residential appraisal topics in the Bank’s core markets.
- Keep detailed schedules of residential appraisal/evaluation reports received and reviewed.
- Provide support to all areas of real estate lending as directed or where service is needed; demonstrate superior customer service with appropriate follow through with involved appraisers and employees.
- Attend ongoing training for residential real estate appraisal and residential real estate appraisal Reviews.
- All other duties as required.
What skills you will use:
- Associates or Bachelor’s degree in accounting, finance, economics or related field.
- Two (2) years of experience in mortgage operations, underwriting, or residential appraisal review.
- Familiarity with residential appraisal report forms and terminology and the appropriate application of residential appraisal techniques, residential appraisal methodology and understanding of residential appraisal theory.
- Knowledge of mortgage operations.
- Ability to follow the Bank’s policies and procedures as well as all state and federal banking regulations.
- Attention to detail for the identification of errors and omissions.
- Ability to deal with difficult problems involving multiple facets and variables in non-standardized situations.
- Must be able to successfully prioritize work assignments of varying complexities, track progress of said assignments, demonstrate strong organizational skills and complete work within established deadlines.
- Software proficiency in Microsoft Office Suite and Outlook.
- Ability to work the allocated hours of the position.
- Ability to establish and maintain effective and professional working relationships.
- Ability to communicate clearly and concisely in both written and verbal form.
- Ability to prepare and maintain accurate and concise records and reports.
- Ability to maintain confidentiality.
- Ability to independently lift 15 lbs.
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What will you do as a Appraisal Specialist I - Contingent:
- Residential Appraisal Assignment and Vendor Management: entering and updating appraiser information in the Department’s production management system and appraiser database; processing appraisal order requests from the Loan Teams; obtaining bids for services from appraisers; selecting and placing orders with appraisers; communicating assignment conditions to appraisers; tracking appraisal delivery and working with appraisers and Loan Teams to answer questions, provide updates and ensure timely delivery.
- Residential Construction Appraisal Assignment and Vendor Management: entering and updating appraiser information in the Department’s production management system and appraiser database; processing appraisal order requests from the Loan Teams; obtaining bids for services from appraisers; selecting and placing orders with appraisers; communicating assignment conditions to appraisers; tracking appraisal delivery and working with appraisers and Loan Teams to answer questions, provide updates and ensure timely delivery.
- Commercial Appraisal Assignment and Vendor Management: entering and updating appraiser information in the Department’s production management system and appraiser database; processing appraisal order requests from the Loan Teams; obtaining bids for services from appraisers; selecting and placing orders with appraisers; communicating assignment conditions to appraisers; tracking appraisal delivery and working with appraisers and Loan Teams to answer questions, provide updates and ensure timely delivery.
- Residential Appraisal and Evaluation Quality Control: examining appraisal reports and evaluations for compliance with the Uniform Standards of Professional Appraisal Practice, the Interagency Appraisal and Evaluation Guidelines, and First Republic Bank requirements; communicating with appraisers to resolve report deficiencies; work with appraisers and Loan Teams to answer questions, provide updates and ensure timely delivery.
- Commercial Appraisal and Evaluation Quality Control: examining appraisal reports and evaluations for compliance with the Uniform Standards of Professional Appraisal Practice, the Interagency Appraisal and Evaluation Guidelines, and First Republic Bank requirements; communicating with appraisers to resolve report deficiencies; work with appraisers and Loan Teams to answer questions, provide updates and ensure timely delivery.
- Additional Duties and Responsibilities: processing the receipt of appraisals and invoices; performing duties & responsibilities specific to department functions & activities and as assigned by Department heads; adhering to and complying with applicable, federal and state laws, regulations and guidance, including those related to Anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.); adhering to Bank policies and procedures,; completing required training; identifying and reporting suspicious activity to the AML Officer.
What you will use:
- General knowledge of mortgage loans required.
- General knowledge of appraisals required.
- General knowledge of appraisal regulations required.
- Previous interactions with appraisers a plus.
- Strong written and verbal communication skills.
- Strong initiative and detailed oriented.
- Independent and ability to multi-task.
- High customer service skills.
- Can work in a fast and high volume department.
-
What will you do as a Appraisal Specialist I - Contingent:
- Residential Appraisal Assignment and Vendor Management: entering and updating appraiser information in the Department’s production management system and appraiser database; processing appraisal order requests from the Loan Teams; obtaining bids for services from appraisers; selecting and placing orders with appraisers; communicating assignment conditions to appraisers; tracking appraisal delivery and working with appraisers and Loan Teams to answer questions, provide updates and ensure timely delivery.
- Residential Construction Appraisal Assignment and Vendor Management: entering and updating appraiser information in the Department’s production management system and appraiser database; processing appraisal order requests from the Loan Teams; obtaining bids for services from appraisers; selecting and placing orders with appraisers; communicating assignment conditions to appraisers; tracking appraisal delivery and working with appraisers and Loan Teams to answer questions, provide updates and ensure timely delivery.
- Commercial Appraisal Assignment and Vendor Management: entering and updating appraiser information in the Department’s production management system and appraiser database; processing appraisal order requests from the Loan Teams; obtaining bids for services from appraisers; selecting and placing orders with appraisers; communicating assignment conditions to appraisers; tracking appraisal delivery and working with appraisers and Loan Teams to answer questions, provide updates and ensure timely delivery.
- Residential Appraisal and Evaluation Quality Control: examining appraisal reports and evaluations for compliance with the Uniform Standards of Professional Appraisal Practice, the Interagency Appraisal and Evaluation Guidelines, and First Republic Bank requirements; communicating with appraisers to resolve report deficiencies; work with appraisers and Loan Teams to answer questions, provide updates and ensure timely delivery.
- Commercial Appraisal and Evaluation Quality Control: examining appraisal reports and evaluations for compliance with the Uniform Standards of Professional Appraisal Practice, the Interagency Appraisal and Evaluation Guidelines, and First Republic Bank requirements; communicating with appraisers to resolve report deficiencies; work with appraisers and Loan Teams to answer questions, provide updates and ensure timely delivery.
- Additional Duties and Responsibilities: processing the receipt of appraisals and invoices; performing duties & responsibilities specific to department functions & activities and as assigned by Department heads; adhering to and complying with applicable, federal and state laws, regulations and guidance, including those related to Anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.); adhering to Bank policies and procedures,; completing required training; identifying and reporting suspicious activity to the AML Officer.
What you will use:
- General knowledge of mortgage loans required.
- General knowledge of appraisals required.
- General knowledge of appraisal regulations required.
- Previous interactions with appraisers a plus.
- Strong written and verbal communication skills.
- Strong initiative and detailed oriented.
- Independent and ability to multi-task.
- High customer service skills.
- Can work in a fast and high volume department.
-
What will you do as a Appraisal Specialist I - Contingent:
- Residential Appraisal Assignment and Vendor Management: entering and updating appraiser information in the Department’s production management system and appraiser database; processing appraisal order requests from the Loan Teams; obtaining bids for services from appraisers; selecting and placing orders with appraisers; communicating assignment conditions to appraisers; tracking appraisal delivery and working with appraisers and Loan Teams to answer questions, provide updates and ensure timely delivery.
- Residential Construction Appraisal Assignment and Vendor Management: entering and updating appraiser information in the Department’s production management system and appraiser database; processing appraisal order requests from the Loan Teams; obtaining bids for services from appraisers; selecting and placing orders with appraisers; communicating assignment conditions to appraisers; tracking appraisal delivery and working with appraisers and Loan Teams to answer questions, provide updates and ensure timely delivery.
- Commercial Appraisal Assignment and Vendor Management: entering and updating appraiser information in the Department’s production management system and appraiser database; processing appraisal order requests from the Loan Teams; obtaining bids for services from appraisers; selecting and placing orders with appraisers; communicating assignment conditions to appraisers; tracking appraisal delivery and working with appraisers and Loan Teams to answer questions, provide updates and ensure timely delivery.
- Residential Appraisal and Evaluation Quality Control: examining appraisal reports and evaluations for compliance with the Uniform Standards of Professional Appraisal Practice, the Interagency Appraisal and Evaluation Guidelines, and First Republic Bank requirements; communicating with appraisers to resolve report deficiencies; work with appraisers and Loan Teams to answer questions, provide updates and ensure timely delivery.
- Commercial Appraisal and Evaluation Quality Control: examining appraisal reports and evaluations for compliance with the Uniform Standards of Professional Appraisal Practice, the Interagency Appraisal and Evaluation Guidelines, and First Republic Bank requirements; communicating with appraisers to resolve report deficiencies; work with appraisers and Loan Teams to answer questions, provide updates and ensure timely delivery.
- Additional Duties and Responsibilities: processing the receipt of appraisals and invoices; performing duties & responsibilities specific to department functions & activities and as assigned by Department heads; adhering to and complying with applicable, federal and state laws, regulations and guidance, including those related to Anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.); adhering to Bank policies and procedures,; completing required training; identifying and reporting suspicious activity to the AML Officer.
What you will use:
- General knowledge of mortgage loans required.
- General knowledge of appraisals required.
- General knowledge of appraisal regulations required.
- Previous interactions with appraisers a plus.
- Strong written and verbal communication skills.
- Strong initiative and detailed oriented.
- Independent and ability to multi-task.
- High customer service skills.
- Can work in a fast and high volume department.
