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Senior Operations Associate
First Republic Bank
San Francisco, CA, United States
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Overview
First Republic Private Wealth Management delivers customized wealth management advice and solutions to a wide range of clients, including individuals, families, foundations, and organizations. Our mission is to listen and understand the needs of our clients, provide diverse "best of breed" alternatives, and deliver an unparalleled level of service. The Client Service Operations team provides middle-office support to help investment professionals and clients meet their financial goals.
The Operations Associate is responsible for the reconciliation of equity and fixed income accounts. This responsibility includes but is not limited to resolving breaks and exceptions between FRIM’s account system Advent APX and the holdings reported by the various custodians, on a daily basis. This reconciliation must be performed accurately to prevent possible risk related to trading and corporate actions. The individual must be a team player, able to work under pressure and meet deadlines.
We recognize that our competitive advantage starts with our people and our culture. At First Republic, we work hard and move quickly as a very coordinated team. If you are looking for an opportunity to grow and contribute in a fun, fast-paced environment, First Republic is the place for you. We have exceptional people focused on providing extraordinary service.
Responsibilities
• Daily reconciliation of custodial cash and securities to our internal system.
• Maintain system by accurately tracking pricing, corporate actions, security master and system quality control.
• Respond to inquiries and requests from internal teams across the organization.
• Preparation of weekly and monthly reconciliation reports.
• Ensure department is audit ready and assist in both internal and external audits pertaining to accounts maintained on APX system..
• Performs other duties and responsibilities as required or assigned by department managers and/or senior associates.
DISCLAIMER
Critical features of this job are described under the items above. They may be subject to change at any time due to reasonable accommodation or other reasons. This job description reflects management’s assignment of essential functions; it does not prescribe or restrict the tasks that may be assigned. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.
Qualifications
Key Skills, Knowledge and Abilities:
• Proven history of providing extraordinary service
• Excellent verbal and written communication skills
• Solid analytical, mathematical, and research skills
• Team player with positive energy
• Task driven self-starter
• Detail-oriented and reliable
• Dedicated and motivated; handles challenges with little guidance
• Must be detailed-oriented and capable of completing the workload in an accurate and timely manner
• Ability to work long hours in a fast-paced environment
• Ability to further the First Republic Bank culture and values
Educational and Experience Requirements:
• Bachelor’s Degree with a concentration in Business or Finance
• 5 + years of Advent AXYS or APX experiences
• Must have strong portfolio reconciliation knowledge
• Proficient in MS Excel
• Dataport, Rex or Moxy knowledge a plus
• Corporate Action experience a plus
Mental/Physical Requirements:
• The ability to learn and comprehend basic instructions; understand the meanings of words and respond effectively; and perform basic arithmetic accurately and quickly.
• Vision must be sufficient to read data reports, manuals and computer screens.
• Hearing must be sufficient to understand a conversation at a normal volume, including telephone calls and in person.
• Speech must be coherent to clearly convey or exchange information, including the giving and receiving of assignments and/or directions.
• Position involves sitting most of the time, but may involve walking or standing for brief periods of time.
• Must be able to travel as position requires.
• May be required to lift 25-50lbs.