Audit Manager, Compliance Audit

Duties and Responsibilities

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.

Common goals, uncommon potential

As a member of our Internal Audit team, the Internal Audit Manager - Compliance is responsible for planning, conducting, and managing Compliance audits and providing control consultation on regulatory compliance risks and controls throughout the Bank and its subsidiaries.  Compliance audit areas include, but are not limited to, BSA/AML, OFAC, NACHA, Lending and Deposit Compliance, Fact Act, Fair Lending, Community Reinvestment Act, and SEC / FINRA regulations applicable to the Bank’s broker-dealer subsidiary.

What you'll be doing as an Audit Manager – Compliance Audit:

• Assist with developing and implementing an annual audit plan by assessing all relevant risk factors, considering management’s expectations of Internal Audit’s strategic involvement throughout the organization and with outside vendors. 
• Assist in defining, refining, implementing, and maintaining the Company’s audit process, including department standards and procedures that will be overseen by the Audit Committee of the Board of Directors.
• Manage and execute Compliance audits with minimal oversight, including identifying and analyzing risks, planning, and prioritizing the audit work, conducting audit interviews, observing operations, documenting, and analyzing procedures and controls, performing audit tests, preparing appropriate workpapers, developing audit recommendations and reviewing them with appropriate management, and preparing audit reports.
• Prioritize and manage multiple administrative functions such as budgets, scheduling resources, internal policy development, etc.
• Be recognized as a leader, management consultant and internal controls expert; develop and maintain collaborative working relationships with business management, learning and understanding the business to better provide value-added services, help management achieve objectives, and enhance customer satisfaction.
• Liaise with and represent the Internal Audit department to external parties, including regulators and external auditors. Also, manage co-sourced audit relationships.
• Participate in business special programs or initiatives to provide audit perspective and advisory services.
• Assist in recruiting, screening, hiring, developing, and mentoring staff, including career-counseling support by sharing information among the Internal Audit group, transferring knowledge, and providing instruction/guidance as appropriate. Foster and maintain group spirit and team morale.
• Ensure the overall quality, consistency, risk management and adherence to department and professional standards for Compliance audits, identifying opportunities for audit process improvement and integration with the financial, operational, and IT audit processes. 
• Maintain professional certification(s) and continue to develop and expand knowledge of the audit profession, evolving regulatory environment, information systems, the financial services industry, and Company products and information through self-study, research, and continuing education efforts.
• Act as a leader among the management team, to ensure collaboration and teamwork. 

You could be a great fit if you have:

• Management experience, or the equivalent managerial know-how, to be able to act as a compliance process and management consultant to management in any area of the company. Must have knowledge of finance and operations in addition to an expertise in banking or financial services.
• Sound knowledge and experience in compliance audit.
• Banking regulatory experience/knowledge helpful.
• Demonstrated strong project management and organizational skills, with experience in successfully managing multiple projects at varying levels of technical difficulty at the same time.
• Banking experience primarily focused in internal audit, enterprise-wide risk management, and business risk consulting.
• Strong project management, teamwork, analytical, and communication skills.
• Ability to define deliverables, create budgets and project plans, align resources and specialists for project teams, manage audit projects, present final reports to auditees and their Audit Committees.
• Ability to travel to various locations throughout the United States.
• Professional certification, such as CAMS, CIA, CPA, CFSA is expected.
• Team player.
• Provides extraordinary service.
• Furthers the First Republic Bank 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.

Employer-provided

Estimated pay range in New York, NY

Exact compensation may vary based on factors permitted under applicable law

Base salary

$152,000 - $175,000 annually

Salary may vary depending on job-related factors including, but not limited to, skills and experience. Full-time employees may be eligible for a comprehensive benefits package that includes: medical, dental and vision coverage, 401(k), life insurance, paid time off and a Wellness Program.  Annual bonus, incentive pay and/or equity may also apply depending upon the role.