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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 performing the Bank’s risk based, annual SOX Compliance Program plan and other initiatives in compliance with the Sarbanes-Oxley Act (“SOX”). Works closely with line of business stakeholders to ensure that control documentation is maintained, assertions performed, and that findings related to Internal Controls over Financial Reporting (ICOFR) are assessed, reported to management, monitored for remediation, and validated for effective correct action. Carries out responsibilities by working with internal and third party, co-source team members to perform all SOX-related activities in accordance with the SOX Compliance Program plan and methodology. Works with all levels of management, internal department personnel, third party, co-source resources, and external auditors. Collaborates with key stakeholders as needed. 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

+ Assists SVP, SOX Compliance Director in planning and executing the Bank’s annual SOX Compliance Program plan in collaboration with executive management.

+ Manages key initiatives to enhance the SOX Compliance Program – e.g., control rationalization, enhancement of anti-fraud controls, cybersecurity controls, improvements to AuditBoard platform, etc.

+ Assists the SVP, SOX Compliance Director in preparing program documentation of progress and results to support management and committee reporting.

+ Manages the quarterly SOX 302 certification process and ensures that certifications are completed on a timely basis each quarter.

+ Manages the completion of annual Service Organization Control (SOC) assessments and supports the respective process owners in completing the assessments timely.

+ Assists with key, entity-level assessments, including the annual SOX Risk Assessment and annual Fraud Risk Assessment.

+ Coordinates and leads process walkthroughs with management process/control owners and performs “Test of Design” to identify control weaknesses and ensure that internal controls are designed appropriately.

+ Performs and reviews the work performed by others regarding the testing of internal controls to validate the operating effectiveness of SOX controls performed by management.

+ Analyzes, documents, and communicates SOX process and control findings and deficiencies, performs root cause analysis, assesses potential financial statement impact of deficiencies, and assesses remediation plans developed by process owners.

+ The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of employees assigned to this job.

+ Maintains SOX documentation and findings in the Company’s GRC (AuditBoard) and risk management (Archer) platforms.

+ Maintains the Company’s issues management tracking system (Archer) to monitor and report control deficiencies status.

+ Monitors Management’s remediation of control deficiencies and escalates possible critical issues to process owners.

+ Advises process owners in updating their SOX documentation, which includes process maps, key inventories, control descriptions, etc.

+ Supports the development and coordination of the Company’s Sarbanes-Oxley activities. Communicates and provides accurate reporting to SOX Compliance Program management and business units.

+ Supports SOX process owners re: SOX Compliance requirements to increase awareness, understanding, and compliance.

+ Collaborates with the Company’s internal auditors to maximize efficiency and coordinate efforts by SOX Compliance and Internal Audit.

+ Collaborates with external auditors in executing the SOX Compliance Program requirements in order to maximize reliance on work performed.

+ Identify areas of opportunity for process improvements and assist the business stakeholders in adequately addressing them.

+ Maintains a current level of knowledge relating to professional standards and emerging industry and technical developments, including SOX 302/404, GAAP, COSO, and related auditing standards.

+ 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

+ Working knowledge of Sections 302 and 404 of the Sarbanes-Oxley Act of 2002 and related requirements for internal controls over financial reporting (ICOFR).

+ Knowledge of the 2013 COSO Framework.

+ Knowledge of banking operations, including lending and deposit operations.

+ Working knowledge of Microsoft Office applications, including Word, Excel, Visio, PowerPoint.

+ Effective organizational and time management skills.

+ Exceptional oral, written, and interpersonal communication skills.

+ Strong analytical skills and ability to quickly grasp business needs and objectives.

+ Ability to identify and communicate solutions to complex, time-critical, or recurring business issues.

+ Ability to organize and prioritize workstreams effectively and manage multiple projects to meet deadlines.

+ Ability to deliver high-quality work product and deliverables.

+ Ability to interact with senior and executive management, co-source resources, internal auditors, external auditors, and regulators.

+ Ability to meet deadlines in a fast-paced environment and adapt quickly to change.

+ 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)

EDUCATION, EXPERIENCE AND/OR LICENSES:

+ Bachelor’s degree from an accredited college or university in accounting, finance, business administration, economics, or related field

+ 7 or more years of related work experience in an internal controls testing, internal audit, risk, or compliance role.

+ At least 3 years ofrelated experience in internal control testing and evaluation, preferably in the banking industry.

+ Certified Public Accountant (CPA), Certified Internal Auditor (CIA), or Certified Information Systems Auditor (CISA) a plus.

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.