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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 BSA/OFAC QC Specialist is responsible for performing quality control (QC) reviews of the Bank’s Financial Crime Enforcement Network (FinCEN) mandatory reporting, (e.g., Suspicious Activity Reports, Currency Transaction Reports, and Currency Transaction Designation of Exempt Person (DOEP) Reports) and work products from AML and OFAC Operations as well as KYCs and first level OFAC disposition completed by other business units. The objectives of these reviews include but are not limited to:

+ Ensuring all technical aspects of the bank’s FinCEN reporting is accurate, complete, and all relevant transactions and customer information is completed correctly in accordance with FinCEN guidelines.

+ Ensuring the reporting is filed within FinCEN’s and the bank’s filing deadlines.

+ Ensuring the workpapers and case files support the final FinCEN report and reconcile with bank data.

+ Documenting any errors on a technical quality control checklist and provide timely feedback to management.

+ Ensuring all work products adhere to Bank’s policy and procedures.

The BSA/OFAC QC Specialist has knowledge of all applicable FinCEN filings requirements. The BSA QC Specialist is also responsible for reviewing regulatory filings in addition to the bank’s standard regulatory filings. 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

+ Perform timely QC reviews of all bank reporting to FinCEN and other regulatory agencies, as appropriate, and document the reviews in accordance with internal procedures.

+ Must stay current on any changes in FinCEN reporting requirements. When FinCEN changes reporting requirements, review existing Technical Quality Control Procedures and Technical Quality Control Checklists and recommend appropriate changes to management.

+ Perform detailed technical review of underlying customer transactions warranting the FinCEN report; ensure data reconciles to the bank’s core system, the bank’s AML transaction monitoring system, and any other applicable bank system.

+ Ensure each reportable event is appropriately checked on the FinCEN report and that the underlying case file and/or workpapers support the activity being reported.

+ Ensure all reportable activity is appropriately captured on the FinCEN report. If additional follow-up or further investigation is needed, immediately escalate to management.

+ Conduct QC reviews on KYCs, transaction monitoring alerts and cases, OFAC alerts, and AML screening alerts such as negative news, PEP, 314a to ensure disposition is fully supported and the investigations/reviews are completed in accordance with the respective procedures.

+ Demonstrate a detailed understanding of the various computer systems used for performing and documenting the technical quality control reviews.

+ Communicate FinCEN reporting issues and trends to management.

+ Responsible for providing management with regular, constructive feedback concerning analyst work performance for quality purposes.

+ Responsible for assisting with reporting quality control results for management and Board level reporting.

+ May be asked to assist with the further development of the QC program and make recommendations on effective procedures.

+ Stay abreast of developments concerning BSA/AML, fraud schemes, and sanctions issues.

+ 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

+ Must have a minimum of 4-5 years quality control, testing, audit/exam experience working in a BSA/AML/OFAC department.

+ Work experience in a financial institution, public accounting, and/or forensic accounting firm, with job specific technical work experience in AML.

+ Strong knowledge of FinCEN reporting requirements.

+ Established business knowledge and comprehension of financial products.

+ Ability to understand and review conclusions from underlying research conducted.

+ 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.

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 $65,000.00 - 90,000.00 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.