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Description

BANC OF CALIFORNIA AND YOUR CAREER

Banc of California, Inc. (NYSE: BANC) is a bank holding company headquartered in Los Angeles with one wholly-owned banking subsidiary, Banc of California (the “bank”). Banc of California is one of the nation’s premier relationship-based business banks focused on providing banking and treasury management services to small, middle-market, and venture-backed businesses. Banc of California offers a broad range of loan and deposit products and services, with full-service branches throughout California and Denver, Colorado, as well as full-stack payment processing solutions through its subsidiary, Deepstack Technologies. The bank is committed to its local communities by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more.

At Banc of California, our success is driven by our people, and we take pride in fostering an environment where everyone can reach their full potential. We embrace a culture of empowerment, progressive thinking, and entrepreneurial spirit, ensuring our team members have an opportunity to make an impact and play an important role in the future of Banc of California. Our core values – Entrepreneurialism, Operational Excellence, and Superior Analytics – empower us in creating a dynamic and inclusive workplace. We are committed to supporting your growth and well-being with comprehensive benefits, career development programs, a variety of employee resource groups, and more. TOGETHER WE WIN®

THE OPPORTUNITY

Reporting to the SVP, BSA Officer, the incumbent assists the BSA Officer with implementing, managing, and maintaining a robust risk assessment for the Bank. The Risk and Strategy Director will develop transaction monitoring strategies based on the risk assessment results, emerging risk, and regulatory expectations. This role will provide strategic direction and recommendations for program enhancements based on internal and external events; such as changes in business strategy, emerging market, emerging risks, enforcement actions, and changes in laws and regulations. The individual will assist with various initiatives, including but not limited to the responsibilities listed below. Performs all duties in accordance with the Company’s policies and procedures, all U.S. state and federal laws and regulations, wherein the Company operates.

HOW YOU’LL MAKE A DIFFERENCE

+ Conduct annual enterprise BSA/OFAC and targeted risk assessments to identify and manage financial crime risks, analyze the effectiveness of internal controls, develop plans to address control gaps and monitor implementation.

+ Maintain and update the risk assessment methodology.

+ Proactively identify any regulatory compliance issues or concerns and make suggestions to take corrective action, including implementing solutions to improve controls or operations.

+ Lead the development and calibration of monitoring strategies to support the overall transaction monitoring framework based on risk assessment results, emerging risks and emerging typologies, as well as regulatory enforcement actions.

+ Implement and manage the customer risk rating methodology and processes.

+ Implement and manage geography risk rating methodology and processes.

+ Assist with reviewing new products and services to determine any potential downstream impact to BSA and OFAC and to ensure requisite BSA and OFAC compliance requirements and controls are incorporated in new products and services.

+ Support current and new business initiatives by providing guidance as subject matter expert (e.g., review and approve business requirements, developing control structures, and identify regulatory issues).

+ Serve as department technology steward for all AML and OFAC systems, ensuring optimal performance and continuous improvement.

+ Stay abreast of current and emerging AML and counter-terrorism financing typologies as well as regulatory updates.

+ Assist BSA and OFAC operations in improving processes and efficiency through ongoing collaboration on CRR, transaction monitoring, and screening (e.g., OFAC whitelisting, negative news criteria, etc.).

+ Treat people with respect; keep commitments; inspire the trust of others; work ethically and with integrity; uphold organizational values; accept responsibility for own actions.

+ Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.

+ Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.

+ Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.

+ Performs other duties and projects as assigned.

WHAT YOU’LL BRING

+ At least 15 years of direct experience in BSA/AML compliance with strong knowledge of the USA PATRIOT Act and OFAC requirements.

+ Experience with alternative investment, such as private equity and venture capital.

+ Strong understanding and working with data analytics teams to develop analytics and reporting consumable to a broad range of audiences.

+ Exceptional written and verbal communication skills as well as presentation skills.

+ Strong analytical, critical thinking, and problem-solving skills with the ability to exercise sound and balanced judgment.

+ Attentive to detail as well as adaptable and flexible in a fast-paced dynamic working environment.

+ Experience evaluating tools and solutions to innovatively solve complex challenges.

+ Advanced Microsoft Office skills (e.g., Excel, Word, PowerPoint, and Access) including the use of pivot tables.

HOW WE’LL SUPPORT YOU

+ **Financial Security:** You will be eligible to participate in the company’s 401k plan which includes a company match and immediate vesting.

+ **Health & Well-Being:** We offer comprehensive insurance options including medical, dental, vision, AD&D, supplemental life, long-term disability, pre-tax Health Savings Account with employer contributions, and pre-tax Flexible Spending Account (FSA).

+ **Building & Supporting Your Family:** Banc of California partners with providers that offeradoption, surrogacy, and fertility assistance as well as paid parental leave and family support solutions including care options for your family.

+ **Paid Time Away:** Eligible team members receive paid vacation days, holidays, and volunteer time off.

+ **Career Growth Opportunities:** To support career growth of our team members, we offer tuition reimbursement, an annual mentorship program, leadership development resources, access to LinkedIn Learning, and more.

SALARY RANGE

The full-time base salary range for this position is $145,000.00 - $185,000.00 a year. The base salary ultimately offered is determined through a review of education, industry experience, training, knowledge, skills, abilities of the applicant in alignment with market data and other factors.

Banc of California is an equal opportunity employer committed to creating a diverse workforce. All qualified applicants will receive consideration for employment without regard to age (40 and over), ancestry, color, religious creed (including religious dress and grooming practices), denial of Family and Medical Care Leave, disability (mental and physical) including HIV and AIDS, marital status, medical condition (cancer and genetic characteristics), genetic information, military and veteran status, national origin (including language use restrictions), race, sex (which includes pregnancy, childbirth, breastfeeding and medical conditions related to pregnancy, childbirth or breastfeeding), gender, gender identity, gender expression, and sexual orientation. If you require reasonable accommodation as part of the application process, please contact Talent Acquisition.

Equal Opportunity Employer

This employer is required to notify all applicants of their rights pursuant to federal employment laws.

For further information, please review the Know Your Rights (https://www.eeoc.gov/poster) notice from the Department of Labor.

Equal Opportunity Employer

PacWest Bancorp and its affiliates are fully committed to the principles of equal opportunity and diversity. We take pride in building a workplace culture where all employees feel supported and respected, and have equal access to career and development opportunities without regard to race, religion/creed, color, national origin, age, marital status, ancestry, sex, gender (including pregnancy, childbirth, breastfeeding or related medical conditions), gender identity/expression, sexual orientation, veteran status, physical or mental disability, medical condition, military status, genetic information, or any other characteristic protected by federal, state or local laws.