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 quality assurance reviews, documenting errors related to new account onboarding, risk control testing, validation of supersedes/ changes related to customer accounts and documenting communications to business partners for remediation as required. Perform all CIP/CDD/EDD processes related to BSA/AML/OFAC as well as the communication and resolution of findings and issues. Complete and update data and production to appropriate application for management review. Anticipate and implement changes to the process as a result of changes in the Bank’s business environment, Bank policy, product on-boarding and regulatory changes. 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. 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
Serve as a liaison and subject matter expert for on-boarding initiatives within the various banking groups. This will include keeping up to date on new account process changes, business unit requests, and answering questions related to the on-boarding of new accounts, supersedes, forms, etc. Provide support to business partners regarding onboarding procedures, operational risk control policies, regulatory requirements, as needed. Performs routine operational risk and compliance control testing for the department. Routinely assists in identifying deficiencies to be addressed, tracked, remediated and monitored for closure as defined in the Issue Management Process. Assist and/or leverage centralized model in Quality Assurance of complete high risk new account packages Ensures accurate CIP/CDD information has been appropriately gathered by the various business units both through the New Account Review Process and BSA Request for Information process. Facilitate remediation of aged New Account Special Request (NASR) open issues. Oversee the detailed processes that facilitate the activities of the Banking units and ensure that internal service level agreements (SLAs) are consistently met. Guide on-boarding process through complex matters and escalate high profile matters accordingly to Banking leadership. Deal with complex Banking customers and/or clients as needed to collect proper CIP/CDD and expected activity documentation on both new and legacy accounts in order to comply with BSA/AML regulatory requirements. Complete Audit Reviews for different processes through-out Bank Operations Adhere to and comply with the applicable, federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.), company policies and procedures, completing required training, identifying and reporting suspicious activity to the AML Officer, and knowing and verifying the identity of any customer(s) that enters into a relationship with the company. 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
2-3 years of experience in a QA/QC function, first line risk testing, or equivalent work experience. Experience in complying with Know Your Customer/Customer Identification Programs, Customer Due Diligence and Enhanced Due Diligence programs. Experience in banking, financial services or related industry is highly preferred. Bachelor’s degree is preferred 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: 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). Demonstrates knowledge of how an operational environment runs on a day-to-day basis and achieves optimal efficiencies through coordinated and streamlined processes. Knowledgeable in all branch functions associated with KYC/CIP documentation requirements. Proficiency in determining high risk clientele and necessary documentation requirements associated with various industries and business lines. Strong internal/external customer service and relationship development skills. Moderate skills in Microsoft Office applications (Excel, PowerPoint, Word, etc.). Exceptional verbal, written and interpersonal communication skills, with the ability to carry out instructions and instruct others, train personnel, write reports, correspondence and procedures, and communicate effectively to customers and employees. Effective organizational and time management skills. Able to make a conclusive recommendation based on independent analysis. Able to multitask in a fast-paced environment and work well in a team-oriented environment. Ability to deal with complex 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 offer adoption, 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.
REFERRAL BONUS: $2,500.00 USD