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Overview

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 through more than 70 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, 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.

JOB SUMMARY:

The VP, Business Unit Risk Manager will ensure business units/lines Risk initiatives are aligned with Enterprise Risk plans and corporate objectives. This role will partner with Risk/Compliance, Audit and business unit teams to drive effective risk and control management. This individual is responsible for assessing business units/lines risk and control environment, identifying improvement opportunities, reporting and monitoring key risk metrics and providing governance with respect to all risk and control matters. The individual will support the SVP, Business Unit Risk Manager and assigned business units/lines coordinate all disciplines of operational risk and controls.

Responsibilities

• Serve as the primary point of contact between the Compliance/Risk, Audit, and business unit teams for strategic guidance and support.

• Perform risk and control evaluations and manage remediation activities for control deficiencies, and provide risk reports across their business units/lines.

• Manage the execution of front line controls self-assurance and risk assessment activities, and independent risk and audit activities as needed.

• Contribute to risk management activities, including strategic planning, policy and procedure integration, and monitoring Risk Management Framework execution.

• Ensure gaps are addressed via remediation plans that adhere to issues management mandates: timely issue and corrective action submission, accurate root cause identification, corrective action monitoring, on time closure, no failed validations, and no repeat issue.

• Monitor and evaluate emerging risk, internal operational trends, and external risk events for potential impact to control environment.

• Prepare risk analysis and risk mitigation recommendations.

• Build and maintain risk and control evaluations for all significant and emerging risks, including residual risk ranking and control deficiency remediation.

• Responsible for accurate and timely reporting of significant and emerging risks from the business unit/lines view.

• Participate on ad-hoc working groups to address and resolve new areas of risk within their area of responsibility.

• Responsible for ensuring that the resources dedicated to risk management within their area of responsibility are qualified and sufficient to efficiently and effectively carry out the required functions.

• Responsible for monitoring to ensure that risk management activities are properly performed and completed for the units within their area of responsibility.

• Responsible for ensuring all those responsible for risk activities within the business unit/lines are properly trained.

• Make sure the internal controls are designed properly and operating effectively.

• Identify risk trends and/or symptoms of process control breakdowns.

• Keep Business Executives apprised of changes in inherent risk or control breakdowns/deficiencies that could impact residual risk.

• Drive risk culture; influence self-identification and disclosure of control self-assurance gaps.

• Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts 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.

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 Partner.

Qualifications

• Excellent skill in risk assessment analysis and a solid understanding of business and financial markets.

• Strong knowledge of the inherent risk in the business line.

• Strong management skills, excellent communication skills, both oral and written, and an ability to interact with all levels of management.

• Ability to analyze risk trends, identifying signs of changing risk levels.

• Must have an understanding of their respective business areas.

• Experience with executing risk assessment/testing methodologies evaluating the adequacy and efficiency of internal controls; and identifying issues resulting from internal and/or external compliance examinations.

• Experience with risk metrics definition and reporting/scorecard development utilizing key risk metrics tools.

• Experience in creation and review of work papers to document testing and/or issue closure, and experience in the management of regulatory matters.

• Experience with automating and/or the ability to conceptualize automated control solutions.

• 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)

• Typically requires a Bachelor’s degree, 5+ years of experience in operations management within a financial institution.

• 5+ years of experience in operational risk management or audit function, (Includes operations, operational risk management, compliance, audit, and third party risk management), or a combination thereof.

SALARY RANGE: $101,212.00 - 161,940.00 USD; Exact compensation may vary based on skills, experience, and location.

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Job Locations US

ID 2024-3759

Category Executive Administration

Type Regular Full-Time

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.