Director, Deposits Risk & Control
Company: First Republic Bank
Location: Los Angeles
Posted on: June 26, 2022
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. Youll
always feel empowered and valued at First Republic.
Incredible teams doing exceptional work, every day.
The Deposit Services 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 Republics
high standard of extraordinary service, we are key drivers of the
long-term relationships we build with our colleagues and clients.
In Deposit Services, we are committed to growing and evolving First
Republic and its culture by attracting, retaining and supporting
our most valuable resource: people. Providing our clients with
extraordinary service is our commitment; their satisfaction is our
Make a meaningful contribution to the Banks first line of
The Director, Deposits Risk & Control is a key member of the first
line of defense and has responsibility for monitoring and enhancing
the groups control management framework.
What youll do as a Director, Deposits Risk & Control :
Own and manage control documentation used by Deposit Services and
our client-facing colleagues in our Banking Offices. Control
documentation includes business unit procedures, guidelines,
checklists, and any other supporting documents that are necessary
to support Deposit colleagues in executing their assigned
Establish and maintain processes that keep control documentation
updated and accessible
Participate in efforts to enhance the connection and traceability
of control documentation to risk and control self -assessments
(RCSAs) owned by Deposit Services and to risk assessments performed
by second line of defense functions.
Leverage RCSAs and other inventories maintained within the Banks
Governance, Risk Management, and Compliance (GRC) tool.
Direct all maintenance activity for the control documentation to
accomplish the following: Confirm the content to be included in the
scope of the control and any related procedures
Gather and leverage any existing materials
Confirm the format and level of detail of the workflows and
Determine documentation priorities based on management feedback and
Interview and confirm accuracy of content with subject matter
Incorporate edits as needed
Assist the Deposits Business in evolving first line of defense
control monitoring, assessment, validation (including testing), and
change management practices.,
Contribute to first line risk reporting by developing Key
Performance Indicators (KPIs) and Key Risk Indicators (KRIs) for
Advise on initiatives to enhance the usability of procedures by
refining existing process documentation and ensuring business line
colleagues are appropriately trained on accessing the information
they need to manage to manage risk.
Participate in risk and control design that support the execution
of the Banks unique client service culture.
Contribute to efforts to remediate identified issues and emerging
risks as control gaps arise.
Prepare timely responses to Requests for Information (RFIs) in
support of internal and external examinations.
You could be a great fit if you have:
10 + years of experience in Bank Operations, Procedure Management,
Risk or Compliance Management
Outstanding analytical, written and verbal communication skills
will excellent attention to detail
A diplomatic, client service-oriented mindset, with an ability to
build strong and trusting relationships across various company
roles and functions
Welcome moments when you are asked to own projects, are well
organized and able to work independently to solve problems and
offer creative solutions that fit the context of where we want to
go in relation to where we are within prescribed timelines
Strong research skills, advanced skills in the use of Microsoft
Word, Excel, Powerpoint, etc.
Experience in Enterprise level GRCs or content publishing tools
(e.g., RSA Archer, Adobe Robohelp, etc.) a plus
Working knowledge of standard Risk/Control
Work experience within any or all the following areas are highly
Compliance (e.g. Consumer Protection, Financial Crimes, Deposits,
Business Continuity/Disaster Recovery
Strong process flow and prioritization skills
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. Youll have the independence to
learn, lead and drive change. A culture of extraordinary service,
empowerment and stability thats the First Republic way.
We believe that a diverse range of backgrounds and ideas has and
will continue to be fundamental to the future success of First
If you are curious to learn more about this opportunity, we'd love
to hear from you.
This job description is not intended to be all-inclusive. Employee
may perform other related duties as assigned to meet the ongoing
needs of the organization. The Company is an equal opportunity
employer. In this regard, the Company makes reasonable
accommodations for qualified applicants and employees with
disabilities in order to enable them to perform all essential job
functions, unless doing so creates an undue hardship.
First Republic is subject to federal laws that restrict the
employment of individuals with certain types of criminal histories,
including FDIA Section 19 and FINRA. To the extent not inconsistent
with our obligations under those federal laws and regulations,
First Republic will consider qualified candidates with criminal
histories in a manner consistent with the Los Angeles and San
Francisco ban-the-box laws.
For New York City-based roles: Mayor Bill de
Blasioannouncedthat,effective December27, 2021,allprivate sector
employers?in New York City will be required to ensure that their
employees are vaccinated against COVID-19toattendwork in the
office. ReasonableMedical or Religious Accommodations may be
requested if applicable to you.Please view New YorksGuidance on
Accommodations for Workersfor more information.
Keywords: First Republic Bank, Los Angeles , Director, Deposits Risk & Control, Executive , Los Angeles, California
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