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Senior Internal Auditor - Finance/Operations

San Francisco, CA, USA | First Republic Investment Management

  • Industry:
    Banking / Investment Banking
  • Position Type:
  • Functions:
    Financial Services Professional
    Operations / Production
  • Experience:
    5-7 years
Job Description:
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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.

Duties and Responsibilities

As a member of our Internal Audit team, the Senior Auditor – Finance/Operations will work closely with the Bank’s finance, accounting, compliance, wealth management, and other lines of business to ensure appropriate control design and test control effectiveness across organizational processes. 


The Senior Auditor is responsible for assisting with the planning and execution of financial, operational, and regulatory compliance based audits as well as providing control consultation on risks and controls throughout the Bank and its subsidiaries. 


What you’ll do as a Senior Auditor - Finance/Operations:


- Assist in the planning stages for key segments of audits by reviewing available information and data, assessing both risk and regulatory requirements, and designing audit programs.

- Administer and execute financial and operational audits including, but not limited to, (a) audit team planning, (b) scheduling and leading meetings, (c) general administration such as coordinating with Audit Administrator for workspace, badges, and logistics, (d) performing audit fieldwork using appropriate auditing methodologies and data analysis, (e) effectively lead resources assigned to audit project, (f) monitoring inflow and review of audit requests and workpapers for quality and adherence to standards within the audit management tool (TeamMate), (g) setting-up and administering weekly audit status meetings, (h) assisting in report writing, (i) ensuring timely issuance of report, and (j) validating the remediation of audit findings.

- Provide assistance to external auditors by responding to general audit questions, supporting their efforts to rely on Internal Audit work, assisting in the annual confirmation process, and as needed.

- Develop draft audit reports by identifying and gathering support for potential issues, ensuring findings are appropriately documented, and recommending value-added solutions.

- Ensure the overall quality, consistency, risk management and adherence to department and professional standards and identify opportunities for audit process improvement.

- Establish and maintain strong relationships with business unit management.

- Remain current and increase knowledge of regulatory requirements that impact the organization, as well as in the areas of internal control, accounting, business, company products and company information.

- Support management initiatives and perform administrative responsibilities as needed.

- Assist in special projects and non-finance and operations related audit projects as needed; perform other duties as assigned.

- Perform duties & responsibilities specific to department functions & activities.

- Perform 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) who enters into a relationship with the Bank is known and verified.


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.


You could be a great fit if you have:

- 5+ years of audit experience in an internal audit role within the banking or financial services industry, or with an public accounting firm.

- Sound knowledge and experience in financial, operational, and regulatory/compliance audits.

- Internal control or quality control related experience.

- Knowledge of banking and the finance industry.

- BS/BA degree in related field.

- Self-starter attitude; excels at learning new processes and business functions.

- Excellent written and verbal communication skills.

- Excellent presentation skills.

- Excellent organization skills; detail-oriented.

- Ability to critically analyze and assess the adequacy of internal controls and opportunities for process improvements and efficiency gains.

- Creative approach to problem solving in a dynamic environment.

- Advanced skill levels with Microsoft Office applications.

- Demonstrated integrity within a professional environment.

- Professional certifications such as CPA, CIA, CISA, CFE, etc. are preferred.

- A collaborative mind-set; team-oriented.

- History of providing extraordinary service.

- Drive to further 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.

- Must be able to travel as position requires; approximately 10%.

- May be required to lift 25-50 lbs.

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