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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

Responsible for managing the consumer compliance risk within the framework of the Bank’s Compliance Risk Management Policy Program (CMP). The individual Identifies key consumer compliance risk and works with the front line business units to ensure appropriate controls are in place to mitigate the risks. Additionally, this individual reviews and analyzes key elements of the CMP within their area of purview. Responsibilities of this position include supervising and managing the monitoring process according to internal procedures and schedules, as well as monitoring key activities, independent quality control reviews, and quality control oversight of business units in adherence to compliance standards. 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

+ Responsible for consumer compliance risk governance, policies and standards for the lines of business assigned. This includes the following:

+ Attend and participate in management meetings;

+ Report/communicate LOB risks to their SVP Compliance Officer lead;

+ Responsible for ensuring all operating procedures for the businesses they support are in compliance with compliance standards and regulatory guidelines;

+ Ensure businesses are providing necessary training on compliance related policies and procedures

+ Assess compliance with policies, standards, and procedures.

+ Responsible for risk management over the functional business areas assigned. This includes the following:

+ Identify material consumer compliance risks associated with the business units activities, and in accordance with policies and procedures;

+ Establish an inventory of key risks and controls;

+ Assess material risk and threats on an ongoing basis by performing risk and control self-assessments (RCSA);

+ Quantify risk exposure through RCSA and report high risk exposures to their SVP Compliance Officer lead; and

+ Ensure appropriate risk aggregation, reporting, and identification and management of material threats associated with the lines of businesses activities.

+ Responsible for establishing and maintaining control testing across each of the lines of business assigned. This includes the following:

+ Monitor adherence to the risk governance framework;

+ Ensure ongoing testing of key consumer compliance risk controls;

+ Identify gaps or weaknesses through control testing;

+ Monitor the line of business progress on remediation of controls, reporting the status to their SVP Compliance Officer lead; and

+ Report RCSA results to their SVP Compliance Officer lead.

+ Responsible for consumer compliance risk issue escalation and management, including the following:

+ Ongoing identification and development of corrective action plans for remediation of issues; and

+ Communication on status of corrective action plans for tracking and reporting to senior management.

+ Responsible for monitoring for new legal and regulatory requirements applicable to the assigned lines of business. This includes:

+ Communicate changes across the lines of business, to which assigned;

+ Oversight of new legal or regulatory guidance implementation, where applicable;

+ Provide compliance support for regulatory examinations applicable to the LOBs assigned;

+ Ensure LOBs remediate regulatory issues associated with their activities; and

+ Collaborate with LOBs to document management responses to regulatory findings.

+ Stays abreast of regulatory and risk environment for the identification of emerging consumer compliance risks.

+ Actively strives to recruit, train and retain talent within the Compliance department.

+ 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

+ Ability to read, analyze and interpret general business periodicals, professional journals, and technical procedures.

+ Intermediate skills in computer terminal and personal computer operation; Microsoft Office applications including but not limited to: Word, Excel, PowerPoint and Outlook.

+ Intermediate math skills; calculate interest and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs.

+ Effective organizational and time management skills.

+ Exceptional oral, written and interpersonal communication skills.

+ Ability to make decisions that have moderate impact on the immediate work unit and cross functional departments.

+ Ability to organize and prioritize work schedules on a short-term and long-term basis.

+ Ability to provide consultation and expert advice to management.

+ Ability to make informal and formal presentations, inside and outside the organization; speaking before assigned team or other groups as needed.

+ Ability to deal with complex difficult problems involving multiple facets and variables in non-standardized situations.

+ • Ability to work with little to no supervision while performing duties.

+ Bachelor’s Degree from an accredited college or university in related field; or equivalent work experience.

+ Ten (10)+ years of relevant industry work experience.

+ Experience in the banking and/or financial services industry preferred.

+ Certified Regulatory Compliance Manager (CRCM) designation preferred.

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 $101,000.00 - $125,000.00 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.