Private Bank Deposits Process & Controls Associate

Socket.dev; Dallas (TX); On-site; USD 75,000 - 115,000; Full time

Job summary

Socket.dev seeks a Deposits Process & Controls Associate to strengthen the Deposits operating model with governance, risk management, and controls oversight across Private Bank activities, collaborating with Risk, Compliance, Operations, Technology, and Audit teams to support a scalable, well-controlled business.

The role will lead governance forums, engage regional advisors/clients, and coordinate audits/regulatory responses while documenting end-to-end deposit processes and driving efficiency

Qualifications

• 3 - 5+ years of experience in Private Banking Operations, Treasury, Operational Risk, Controls, Internal Audit, RCSA, Project Management.
• Strong understanding of risk, controls, governance, and process management frameworks.
• Excellent written and verbal communication skills.
• Proven ability to manage multiple workstreams and drive execution across stakeholder groups.
• Experience with banking products, deposits, treasury services, or liquidity management is a plus.

Responsibilities

• Identify process, operational risk, and control gaps across the Deposits business.
• Support RCSA activities, issues management, audit remediation, and regulatory initiatives.
• Develop and maintain controls, procedures, and governance frameworks to ensure compliance with firmwide standards.
• Monitor and report on risk, control, and remediation activities.
• Document and enhance end-to-end deposit processes, procedures, and workflows.
• Partner with stakeholders to drive process improvements, operational efficiency, and control effectiveness.
• Participate in the design of and launch of new products, pricing initiatives, and business changes by assessing process and control impacts.
• Assist with management reporting, business metrics, and strategic initiatives supporting the Deposits franchise.
• Run Deposits governance and risk forums, e.g., Deposits SteerCo
• Regular regional, advisor or client engagement and analysis to identify product or control gaps, issues and opportunities
• Regular engagement with Risk, Compliance, Operations, Technology, and Internal Audit teams to communicate ongoing business priorities.
• Coordinate and/or prepare responses to audits, reviews, and regulatory requests.
• Communicate process changes, risks, and remediation efforts to stakeholders across the business.
• Develop and review all deposits-related materials through a governance and risk lens including trainings, internal and external marketing materials

Skills

Private Banking Operations

Operational Risk

RCSA

Project Management

Stakeholder Management

Communication

Job description

Socket.dev seeks a Deposits Process & Controls Associate to strengthen the Deposits operating model with governance, risk management, and controls oversight across Private Bank activities, collaborating with Risk, Compliance, Operations, Technology, and Audit teams to support a scalable, well-controlled business.

The role will lead governance forums, engage regional advisors/clients, and coordinate audits/regulatory responses while documenting end-to-end deposit processes and driving efficiency