Operational Risk Associate

Company: First Republic Bank
Location: San Francisco
Posted on: February 25, 2021

Job Description:

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*OVERVIEW*
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.

*DUTIES AND RESPONSIBILITIES*
The Operational Risk Associate will have the opportunity to learn all aspects of the Private Wealth Management ("PWM") business by working with the PWM Risk Manager to identify operational risk across key business areas of PWM and performing first-line control testing.

What you'll do as an Operational Risk Associate:

- Perform end-to-end testing activities, including scoping, controls documentation, walkthroughs, control design evaluation and effectiveness testing, remediation and reporting.

- Assist the PWM Risk Manager with the execution of Risk & Control Self-Assessments.

- Create workflows for new product offerings/processes.

- Participate in special projects as assigned

*QUALIFICATIONS*
You could be a great fit if you have:

- Positive attitude towards risk management

- An analytical and inquisitive mindset

- Ability to work cross-functionally and dynamically

- Good understanding of risks and controls in private wealth management business processes

- The ability to quickly develop rapport with business process owners and second line of defense partners

- Background in Private Wealth Management is essential, preferably with both advisory and brokerage business experience

- 2-5 years' experience in control testing

- Excellent communication skills; must demonstrate proficiency in report writing

- Proficient in Microsoft Suite products; Visio experience a plus

- Bachelor's Degree or higher

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.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records, to the extent consistent with applicable federal and/or state law.

Keywords: First Republic Bank, San Francisco , Operational Risk Associate, Other , San Francisco, California