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 Senior Vice President, Credit Review Director is responsible for leading the independent Credit Review function of the Bank. The Credit Review Director ensures the team’s compliance with the Credit Review Policy, executing the annual Credit Review Plan, and managing internal staff and the third party, co-source resource partners to complete planned engagements. The Credit Review Director oversees the team and assigned examiners in charge to coordinate the logistics and execution of comprehensive credit portfolio reviews and a continuous credit review monitoring program. The Credit Review Director is responsible to risk assess the Bank’s credit portfolios and develop an annual, risk-based, comprehensive credit review plan to perform asset quality and portfolio management independent assurance testing. Review results are presented to executive management and the board of directors. This position also engages with the Bank’s external examiners and external auditors. All duties are performed in accordance with the Company’s policies and procedures and all U.S. state and federal laws and regulations wherein the Company operates.
Responsibilities Responsible for the execution of the Credit Review Policy, Standard, and Procedures that support the Credit Review methodologyDevelops a Credit Review Risk Assessment of the Bank’s portfolios credit and credit operations risks, including regulatory compliance and financial reportingDevelops and executes on an annual Credit Review Plan for comprehensive portfolio reviews to determine asset quality and portfolio management effectiveness, continuous portfolio monitoring, and targeted reviewsAssists in the development and execution of a financial budgetAssists in the selection of 3rd party co-source firms, preparation of master service agreements, statements of work, and oversees the 3rd party vendor’s performance and adherence with the agreementsDirects Credit Review services performed by internal staff and third party, co-source firms. Ensures assigned staff have the proficiency required to perform portfolio reviewsEnsures the Credit Review team validates the accuracy and timeliness of asset quality risk ratings, accrual status, and portfolio management requirements are met. Ensures credit review examiners have analyzed and reviewed financial statements, cash flow analysis, third party reporting, industry trends, collateral condition and values, loan structure, and guarantor personal financial statements and tax returnsEnsures credit review examiner workpapers/linesheets are complete, accurate, documented, and provide credit analysis, opinions, and recommendations regarding credit risksCreates credit risk findings, identifying root causes of technical exceptions, and obtains appropriate corrective action commitments from management. Monitors, tracks, and reports on the status of open credit review issues and verifies/validates remediation actions.Works with the Examiner in Charge to prepare the Credit Review report with engagement coverage and conclusions and communicates results to management and the Risk Committee of the BoardMaintains SOX Compliance processes and controls for the functionParticipates in due diligence reviews for portfolio acquisitionSupports regulatory examinations and internal audit engagementsManages and develops internal staff and supervises the daily activities of the team including, but not limited to, effective delegation of assignments, developing work schedules and providing necessary training. Establishes annual goals, performs performance appraisals, disciplinary actions, and interviewing candidates for employmentProvides credit risk and business advisory expertise to lending management and credit administration. Makes process enhancement and efficiency recommendationsTreats 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 actionPerforms 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 conductPerforms other duties and projects as assignedBanc 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 Exceptional verbal, written, and interpersonal communication skills; ability to interact effectively with all levels of Company management, employees, the board, auditors, and regulatorsAbility to organize, prioritize, and lead projects. Excellent organizational and time management skillsMaintain an advanced knowledge of applicable banking and accounting rules and regulationsAbility to deal with complex problems involving multiple facets and variables in non-standardized situationsAbility to make decisions that are fair and balanced and may have significant impact on the immediate work unit and cross functional departmentsAbility to provide constructive feedback to subordinates, peers, and managementEffective in the use of Microsoft Excel, Word, and PowerPointDemonstrates knowledge of, adherence to, monitoring and responsibility for lending 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)8 - 10 years’ experience in leading credit risk management teams including credit review, credit administration, or regulatory supervision of commercial lending activitiesBachelor’s degree in business administration, finance, accounts, or economicsCompletion of Credit Risk Certification or a formal credit program at a commercial bank preferredExperience of working within credit databases for analysis purposes and to formulate reports preferredSALARY RANGE: $190,000.00 - 248,000.00 USD; Exact compensation may vary based on skills, experience, and location.
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