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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

Under the direction of the Chief Risk Officer (CRO), the SVP, Deputy Chief Risk Officer (DCRO) provides strategic and operational leadership across all Enterprise Risk Management functions. The SVP, DCRO plays a critical role in supporting the CRO in the execution of Banc of California’s Enterprise Risk Management (ERM) framework, ensuring alignment with the bank’s risk appetite, regulatory expectations (including those of the FRB), and strategic objectives. The SVP, DCRO directly manages the Risk Operations function, which includes oversight of enterprise Issues Management, Regulatory Exam Management, New Product Risk Assessments, and Governance Documents

The SVP, DCRO collaborates with senior leaders to identify, assess, monitor, and report on risks across the enterprise. This role contributes to the development of risk governance policies, oversees risk reporting to executive management and the Board, and ensures the bank’s risk culture is embedded throughout the organization. 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

+ Support the CRO in the design, implementation, and oversight of the ERM framework, including risk identification, measurement, monitoring, and reporting.

+ Oversee the Risk Appetite Program Framework, including methodology, monitoring, and cross functional / enterprise risk assessments.

+ Oversee Enterprise Risk Management governance processes, including Risk Committee operations, regulatory reporting, governance document management and issues identification and remediation reporting.

+ Lead the Bank’s regulatory exam management process, including coordination with internal stakeholders, documentation preparation, and response tracking.

+ Facilitate the New Products and Services risk assessment process, ensuring alignment with the Bank’s risk appetite and regulatory requirements.

+ Develop and maintain risk dashboards and key risk indicators (KRIs) for executive and board-level reporting.

+ Provide leadership and guidance to risk teams, ensuring effective execution of risk programs and initiatives.

+ Collaborate with business units to ensure risk considerations are integrated into strategic planning and decision-making.

+ Monitor emerging risks and regulatory developments, and advise senior management on potential impacts and mitigation strategies.

+ Lead or support internal and external risk-related audits and regulatory examinations, and serve as a key liaison with Internal Audit, Internal SOX program, FRB and other regulatory bodies on risk-related matters.

+ Act as a delegate for the CRO in executive and board-level meetings as needed.

+ Manage and develop risk management teams composed of individuals with varying levels of experience, ensuring appropriate delegation, mentorship, and professional development opportunities to build a high-performing team.

+ Lead and support special projects and strategic initiatives within the Risk function, including cross-functional efforts to enhance risk capabilities, implement new tools, and respond to emerging regulatory or business needs.

+ Manage the budget and staffing for the ERM function, including resource planning, performance management, and talent development.

+ Involved with interviewing and hiring decisions.

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

+ Manage, support, coach and train staff.

+ 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

+ Deep understanding of risk management principles, regulatory frameworks (including FRB, Basel III, and Dodd-Frank), and financial services operations.

+ Proven ability to lead enterprise-wide risk initiatives and influence at all levels of the organization.

+ Strong analytical skills, with the ability to interpret complex data sets, identify trends, and develop actionable insights.

+ Advanced reporting capabilities, including executive dashboards, risk scorecards, and regulatory reports.

+ Demonstrated experience applying Lean Six Sigma methodologies to improve operational efficiency and reduce control failures.

+ Familiarity with AI and machine learning applications in risk management, including predictive analytics and automation.

+ Strong continuous improvement and process management skills with a track record of driving operational excellence.

+ Strong collaboration and relationship-building skills across all levels of the organization and with regulators.

+ Strong data literacy and experience with risk analytics platforms and data visualization tools.

+ Bachelor’s degree in Finance, Economics, Risk Management, or related field required; Master’s degree or MBA preferred.

+ Minimum of 12 years of progressive experience in risk management within a regulated financial institution.

+ Experience working with or within a bank supervised by the Federal Reserve Board.

+ Midsized bank experience preferred (institutions with $35 billion+ in assets)

+ Professional certifications such as FRM, PRM, or CRCM 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 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.