Director Risk Assessments (HYBRID)
Company: First Republic Bank
Location: New York
Posted on: May 16, 2022
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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. -
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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.
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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.
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- 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:
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- 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.
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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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We believe that a diverse range of backgrounds and ideas has and
will continue to be fundamental to the future success of First
Republic.
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If you are curious to learn more about this opportunity, we'd love
to hear from you.
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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.
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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.
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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
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