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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

The Sr. BSA Specialist will assist with BSA/AML related activities which may include currency transaction reporting to comply with BSA/AML regulations, negative news monitoring reviews, and OFAC alerts. 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

+ This position would be assigned one or more of the following responsibilities based on the needs of the department:

+ Ensure the completion, data integrity and submittal of the CTR forms by utilizing the bank’s Core and AML monitoring software to meet BSA/AML reporting requirements.

+ OFAC Review - Assist with potential OFAC Matches or Sanctions restrictions to ensure ongoing OFAC compliance.

+ Manage QAR+ triage and data input of Security Incident Reports

+ RDC (Regulatory Data Corp) negative news screening – assist with potential matches and determine the risk associated in order to disposition or escalate results

+ Work closely with the lines of businesses (community, commercial, venture banking) to address any BSA concerns, support onboarding of Special Approval customers, that require additional research

+ RDC Alerts

+ Manage the RDC queue by reviewing and remediating alerts presented by RDC; these alerts can be triggered by initial screening, portfolio monitoring screening, or ad-hoc screening on an as-needed basis

+ Remediate RDC alerts by using the correct disposition after thoughtful and thorough analysis, leveraging both internal (e.g. onboarding documentation or information obtained via the bank’s core or transaction monitoring systems) and external (e.g. CLEAR inquiries, internet research via search engines) sources

+ Collaborate with business unit partners to gather more information in order to disposition alerts when necessary

+ Escalate all positive alerts appropriately, as required and outlined by internal department procedures

+ Ensure all alerts are remediated in a timely manner based on SLAs outlined in internal department procedures

+ Be mindful of any potential updates to procedures that could enhance the RDC process as well as proactively escalate any procedural discrepancies

+ Actively engage other team members to ensure all CTRs/RDC/OFAC alerts are filed/completed within a timely manner

+ Maintain a comprehensive understanding of both your responsibilities and the responsibilities of your teammates to ensure continuity of team operations should coverage needs arise

+ Leveraging your BSA experience and knowledge of internal systems/controls to review and complete ad-hoc reporting or manual monitoring efforts

+ Be a resource to the entire BSA Department by participating in projects and efforts (if workload allows) or by being a source of knowledge for those who have questions about subjects related to your role

+ Proactively engage in the maintenance of internal BSA procedures related to your role

+ Completes data entry related tasks.

+ Maintain well organized electronic records (including Excel spreadsheets).

+ Provide coverage during periods of employee absence

+ Performs other duties and projects as assigned.

+ 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

+ Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position including but not limited to the following: Regulation Z (Truth in Lending Act), Regulation B (Equal Credit Opportunity Act), Fair Housing Act (FHA), Home Mortgage Disclosure Act (HMDA), Real Estate Settlement Procedures Act (RESPA), Fair Credit Reporting Act (FCRA), Bank Secrecy Act (BSA) in conjunction with the USA PATRIOT Act, Anti-Money Laundering (AML) and Customer Information Program (CIP), Right to Financial Privacy Act (RFPA, state and federal) and Community Reinvestment Act (CRA)

+ Analytical and problem solving skills; ability to use logic, reason and sound judgment

+ Strong verbal, written and critical thinking skills

+ Highly organized

+ Ability to work independently

+ Proficiency in Microsoft Office including Excel

+ The ability to read, write and communicate well in English

+ Able to meet and sometime exceeds assigned production goals

EDUCATION, EXPERIENCE AND/OR LICENSES:

+ Minimum of 3-4 years of experience in banking operations or at least four or more years in a BSA environment

+ CAMS certification required

+ College education 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 $56,500.00 - $70,000.00 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.