Director Risk Assessments (HYBRID)

Company: First Republic Bank
Location: New York
Posted on: May 16, 2022

Job Description:

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 Audit, Risk, Compliance and Legal groups support First Republic's business objectives by systematically improving the effectiveness of its risk management, control and governance processes. We own and administer these processes while educating our colleagues to best support them. Our mission is to promote a culture of compliance and to be the best partner we can to our business stakeholders.Duties and ResponsibilitiesAs a Director, Fair and Responsible Banking - Risk Assessments, you'll support the Fair and Responsible Banking department on critical tasks related to Fair Lending regulations (the Fair Housing Act and the Equal Credit Opportunity Act); Unfair, Deceptive or Abusive Acts or Practices (UDAAP); and other applicable consumer protection laws and regulations. This position offers outstanding development opportunities that will help you establish a rewarding career in Fair and Responsible Banking.
-
What you'll do as a Director, Fair and Responsible Banking - Risk Assessments:
- Serve in a lead role in the management and development of the annual Fair and Responsible Banking risk assessment for each Business Line, which includes planning, interviewing stakeholders, identifying, and analyzing the Fair Lending and UDAAP regulatory risk factors associated with business line products and operations. -
- Serve as a Fair and Responsible Banking risk liaison for each Business Line and the bank's risk assessment community.
- Manage and enhance the Fair and Responsible Banking program's risk assessment procedures and processes. -
- Provide Fair Lending and/or UDAAP regulatory risk analysis and reporting on key projects related to high areas of inherent risk including, but not limited to, redlining monitoring within marketing and outreach activities and UDAAP monitoring of the Bank's products and processes, to assess compliance with the applicable laws, regulations, policies, and procedures. -
- Research and remain current of relevant financial consumer protection, Fair Lending and/or UDAAP regulatory issues and enforcement actions across the financial industry.
- Develop and maintain a library of Fair Lending and/or UDAAP regulatory risk identification resources that can be readily accessed by Bank colleagues. -
- Participate in any additional special projects or other assignments, as needed, to support the Fair and Responsible Banking Department.QualificationsYou could be a great fit if you have:
-
- 10+ years of experience with Fair Lending, UDAAP or other Consumer Protection laws and regulations, which may include a combination of regulatory research, monitoring and testing activities, risk management, regulatory examinations, or audit.
- Solid knowledge and hands on experience with 1) Bank operations, policies, and procedures, 2) consumer products and services, 3) consumer protection laws and regulations, and 4) regulatory risk management.
- Strong writing skills, with experience conducting risk evaluations or risk assessments and regulatory report writing.
- Strong analytical skills with the ability to conduct thorough research, interpret and understand regulations, and provide applicable regulatory guidance. -
- Experience performing data analysis in financial services.
- Strong writing skills, with experience conducting risk evaluations or risk assessments and regulatory report writing.
- Strong Microsoft Outlook, Word, Excel, and PowerPoint skills.
- Strong interpersonal skills; able to collaborate effectively with other groups and team members in a fast-paced environment.
- Self-starter who excels at learning new processes and business functions
- Ability to work independently, on multiple deadline-oriented tasks and flexible approach to new projects and requirements.
- Strong verbal communication skills, including the ability to create and deliver effective reports and presentations.
- A commitment to provide extraordinary service and further First Republic Bank's culture and values.
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.
-
We believe that a diverse range of backgrounds and ideas has and will continue to be fundamental to the future success of First Republic.
-
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 Blasio -announced -that, -effective December -27, 2021, -all -private sector employers?in New York City will be required to ensure that their employees are vaccinated against COVID-19 -to -attend -work in the office. Reasonable -Medical or Religious Accommodations may be requested if applicable to you. -Please view New York's -Guidance on Accommodations for Workers -for more information.We're always on the lookout for top talent and are adding new jobs every week.

Keywords: First Republic Bank, New York , Director Risk Assessments (HYBRID), Executive , New York, New York