San Francisco, CA
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
In Technology, we support First Republic’s employees and clients through the acquisition, integration and management of the Bank’s information technology systems and services. We drive innovation and explore emerging technologies so our people can be productive and focus on what matters most – providing extraordinary service.
The Information Services First Line Business Analyst will be focused on identifying and managing risk in the first line of defense through risk assessment, control evaluation, testing, and reporting. Specifically, this position will provide risk support for the Information Services department and will report to the Director of Risk Management, Information Services.
As a member of First Republic’s first line of defense, this role will be pivotal in upholding the Bank’s long-standing culture of robust risk management. It will focus on risk management activities such as documenting, assessing and testing controls, following up on risk issues and policy exceptions, and escalation of risk events. Also, the role shall promote a healthy risk culture throughout the organization, consistent with the expectations and standards developed by Enterprise Risk Management (ERM).
What you'll do as a Business Analyst:
Aid in risk identification, control design and effectiveness, and ongoing control monitoring and testing activities
Assist with First Line Operational Risk responsibilities, including reviewing and reporting on Operational Risk Incidents; supporting the design, development, enhancement and tracking of Key Risk Indicators (KRIs) and Risk Appetite statements; supporting the Business Unit Risk Assessment quarterly process; and participating and supporting the Risk & Control Self-Assessment process (including subsequent Controls Testing)
As appropriate, contribute to mitigation actions in the case of Risk Appetite Metric and/or KRI breaches impacting their Functional group)
Work with the organization to identify risk and compliance issues, analyze root causes, implement timely corrective actions, and continuously monitor risk
Aid in performing testing of Information Services owned controls (quarterly, semi-annual, annual)
Build strong partnerships with first line business and risk colleagues as well as Business, Compliance, Risk, Audit, and Legal partners
Aid in governance coordination activities for the IT Steering Committee, such as gathering materials and following up on action items
Aid in maintaining, following up, and reporting on risk issues and policy exceptions.
Review and analyze processes and internal controls to identify control weaknesses in systems or processes and their impact on the internal control environment; and, assist in the creation of remediation plans.
Use project management and engagement closure skills to organize, prioritize and report on multiple projects
Produce risk management reports, highlighting areas of concern, change, emerging threats and opportunities.
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.
What skills you will use:
CISA, CISSP or equivalent certified nice to have
3-5 years of related audit, compliance, or risk management experience in big consulting firm nice to have
Knowledgeable of NIST, ITIL, COBIT, COSO, FFIEC tool frameworks and methodologies
Experience in process and controls mapping methodologies
Knowledge of financial services industry related regulatory requirements
Communication, influencing, and collaboration skills
Ability to multitask and navigate competing priorities
Provides extraordinary service
Furthers the First Republic Bank culture and values
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.