Advisor Onboarding Alternatives Associate
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
First Republic Private Wealth Management is comprised of investment management, brokerage, trust, financial planning and insurance professionals within First Republic Investment Management (FRIM), First Republic Securities Company (FRSC), First Republic Trust Company (FRTC), and Foreign Exchange. We offer customized wealth management solutions for our clients from a wide array of services including comprehensive investment management, financial planning, estate planning, trust services, endowment management and more. Our goal is to understand our clients’ unique needs and support them throughout a lifetime of financial goals.
An individual assuming this role will be responsible for the change in custodian registration to First Republic and for the Alternatives. This individual will be maintain clear records on each stage in the re-registration process.
The Wealth Management Onboarding Alternatives Associate is a key member of the Private Wealth Management (PWM) Onboarding and Transition Management Team. The role will engage with all aspects of PWM and provides excellent exposure to cross-functional department business partners and to Executive Management. This role covers the onboarding cycle including recruiting, onboarding, and integration of new teams into PWM while working directly with our Client Service and Transition Management Team to support the growth of our business.
What you’ll do as a Wealth Management Onboarding Alternatives Associate:
Serve as a key point of contact to new wealth management teams throughout their transition to First Republic as they re-register their Alternatives
Responsible for tracking progress and providing regular updates on the status of Alternatives during the transition
Work closely with First Republic’s Alternatives Team and Operations Team to ensure we have the most accurate forms, contact information and process
Address ad-hoc questions related to administrative matters of the funds
Facilitate the re-registration process for new wealth management teams and see through completion for all requested Alternatives
Become a SME on products and services available on the Alternatives platform
Work closely with third-party fund administrators to ensure the team has access to capital call and distribution details
Must be able to demonstrate flexibility and adaptability and ability to work under pressure
Responsibilities include the following: 1) adhering to and complying with the applicable, federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e. bank secrecy act, us patriot act, etc.) 2) adhering to bank policies and procedures, 3) completing required training, 4) identifying and reporting suspicious activity to the AML officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the bank.
You could be a great fit if you have:
Strong organizational skills with astute attention to details
Very strong interpersonal and written skills to effectively interact directly with company officers, top echelon wealth managers, home office and outside business partners.
Basic Microsoft office usage skills including Word, PowerPoint, Excel, CRM system (Salesforce).
Excellent time management skills required to manage each stage of the re-registration process
Self-starter, takes initiative
Series 7, 66
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.
Base salary range
$40.87 - $45.67 per hour.
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.