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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 will assist the BSA Officer to ensure corporate policies and processes pertaining to BSA and OFAC are implemented through the LOBs’ procedures. This position will be a key member and contributor to the Bank’s financial crimes program. The candidate will engage with internal and external partners, auditors, and regulators to drive strategic enhancement projects and serve as an advisor to the front lines on BSA/AML related inquiries and policy questions. Additionally, the BSA/OFAC Governance and Monitoring Director is responsible for the BSA/OFAC QA function and program to ensure that processes and work products produced by AML and Operations and KYCs from the front line are in compliance with regulatory requirements. The candidate 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

+ Manage the BSA/AML QA/QC program and function.

+ Ensure implemented procedures by the LOBs are consistent with Board approved policy and standards.

+ Ensure policies are current and align with processes at the first and second line of defense.

+ Proactively identify any potential control gaps or issues by staying abreast of the regulatory environment and trends (e.g., performing an enforcement action gap analysis).

+ Assist with targeted BSA/OFAC training as needed.

+ Perform controls assessment in first and second line of defense to identify any potential gaps and to ensure controls are functioning as intended.

+ Track and follow up on policy violations and exceptions to ensure accurate reporting.

+ Provide guidance to the front line on day-to-day BSA/AML related inquiries and policy questions.

+ Reconcile and ensure any manual related processes are accurate and current, e.g., prohibited and special approval client types.

+ Assist with the quarterly reporting by confirming the data accuracy.

+ Perform in-depth analysis to facilitate policy decision making, which includes a) conducting research to understand risks and regulatory requirements and expectations associated with various customer segments, products, services, etc., b) determining Banc of California’s exposure to such policy decisions, and c) produce comprehensive, executive-level reporting.

+ Develop quality control processes to ensure AML and OFAC compliance requirements are included in launched products.

+ Ensure business requirements align with Bank policies and regulatory requirements, such as KYC/CDD and CTR.

+ Maintain a current awareness and understanding of the regulatory environment and a working knowledge of regulations related to BSA and OFAC.

+ Involved with interviewing and hiring decisions.

+ Prepare and deliver employee performance evaluations, goal planning, and counselings

+ 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 12 years of direct experience in BSA/AML compliance with strong knowledge of the USA PATRIOT Act and OFAC requirements.

+ Minimum of 10 years of direct experience in performing controls evaluation and testing or held prior role as bank examiner or internal auditor

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

+ In-depth knowledge of banking products, services, and channels.

+ Strong knowledge of relevant BSA laws and regulations and related compliance requirements, along with direct experience implementing and administering those requirements

+ Subject matter expertise in AML governance and AML compliance risk management.

+ Ability to draft standards, procedures, guidance, and management reports.

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

+ Strong analytical, critical thinking, and problem-solving skills.

+ Proficient in Microsoft Office programs, including Excel, Word, and PowerPoint.

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

+ Ability to work independently – self starter, enthusiastic, and highly motivated.

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 $141,000.00 - 185,000.00 USD 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.