SVP, Credit Review Director Job at Banc of California in Santa Ana

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 nations 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 teams 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 Banks 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 Banks external examiners and external auditors. All duties are performed in accordance with the Companys 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 methodology
• Develops a Credit Review Risk Assessment of the Banks portfolios credit and credit operations risks, including regulatory compliance and financial reporting
• Develops 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 reviews
• Assists in the development and execution of a financial budget
• Assists in the selection of 3rd party co-source firms, preparation of master service agreements, statements of work, and oversees the 3rd party vendors performance and adherence with the agreements
• Directs Credit Review services performed by internal staff and third party, co-source firms. Ensures assigned staff have the proficiency required to perform portfolio reviews
• Ensures 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 returns
• Ensures credit review examiner workpapers/linesheets are complete, accurate, documented, and provide credit analysis, opinions, and recommendations regarding credit risks
• Creates 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 Board
• Maintains SOX Compliance processes and controls for the function
• Participates in due diligence reviews for portfolio acquisition
• Supports regulatory examinations and internal audit engagements
• Manages 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 employment
• Provides credit risk and business advisory expertise to lending management and credit administration. Makes process enhancement and efficiency recommendations
• 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
• 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 ones 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:

• Exceptional verbal, written, and interpersonal communication skills; ability to interact effectively with all levels of Company management, employees, the board, auditors, and regulators
• Ability to organize, prioritize, and lead projects. Excellent organizational and time management skills
• Maintain an advanced knowledge of applicable banking and accounting rules and regulations
• Ability to deal with complex problems involving multiple facets and variables in non-standardized situations
• Ability to make decisions that are fair and balanced and may have significant impact on the immediate work unit and cross functional departments
• Ability to provide constructive feedback to subordinates, peers, and management
• Effective in the use of Microsoft Excel, Word, and PowerPoint
• Demonstrates 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 activities
• Bachelors degree in business administration, finance, accounts, or economics
• Completion of Credit Risk Certification or a formal credit program at a commercial bank preferred
• Experience of working within credit databases for analysis purposes and to formulate reports preferred

SALARY RANGE: $190,000.00 - 248,000.00 USD; Exact compensation may vary based on skills, experience, and location.