VP, Operational Risk Management

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

• Responsible for facilitating the design, development and implementing the Risk and Control Self-Assessment (RCSA) and Enterprise Risk Assessment's methodology and framework for the Company, including but not limited to : writing effective risks, controls and tests;
• designing risk assessment processes and procedures; control processes including effective challenge and control testing oversight;

framework and infrastructure; and regulatory support oversight tasks. 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.

Responsibilities

• Work with senior management and junior professionals to identify key controls and risks.
• Develop risks and controls by consulting with the Business subject matter experts.
• Identify and document appropriate testing approaches and evidence collection.
• Design and update SharePoint lists and Excel / PowerPoint / Word documents.
• Facilitate the design, development and implementation of the RCSA and Risk Assessment processes, tools, policies, standards, and procedures in alignment with Operational Risk Framework and the Enterprise Risk Framework Program.
• Design and oversee reporting processes to ensure comprehensive risk coverage.
• Design and deliver tailored training programs for the 1st Line of Defense (1LOD), enhancing their understanding of risk management principles and protocols.
• Conduct thorough reviews of RCSA outcomes, providing effective challenge and collaborating closely with the 1LOD to address control gaps and weaknesses, resulting in strengthened risk posture.
• Prepare comprehensive reports and aggregated results by risk domain, key risk metrics, and business unit, facilitating informed decision-making at all levels.
• Conduct process mapping training and build process mapping with business lines to proactively analyze various data sources to form an independent assessment of operational risk in the relevant business function within the scope of challenge responsibility.
• Facilitate Risk Control Self-Assessment (RCSA) as the second line of defense to ensure control effectiveness in processes and identify changes in business activity or relevant regulations that may increase operational risk exposure.
• Participate in and execute challenges to identify risks, gaps, and impacts in risk mitigation frameworks, operational risk issues, and monitoring and measuring operational risk performance, emerging risks, legal & regulatory impact, and reviewing and challenging remediation for all first lines of defense.
• Work as an independent partner to ensure that controls mitigate risk and propose improvements to control and monitor proactively to prevent operational losses
• Perform additional risk oversight and assessment activities including, but not limited to, operational loss data validation, control testing, and validation, root cause analysis of significant fraud and other risk events, preparation of management reports, issue management, and targeted risk and control assessments.
• Validate that significant Inherent and Emerging Operational Risks are adequately incorporated into the program.
• Assess and challenge Inherent and Residual Risk Ratings, including management actions to determine reasonableness for entities out of risk tolerance.
• Evaluate control issues and ensure the adequacy of Event Root Cause Analysis. Collaborate with ORM Business / Function on an adequate corrective action plan.
• Help ensure all policy and procedural requirements are documented and available for internal audits, risk reviews, or regulatory exams to ensure business adherence to operational risk policies and procedures on timely non-compliant corrective actions.
• Coordinate with each risk owner by facilitating the Operational Risk Committee (ORC) process.
• Serve as a champion for refining, building and deploying risk governance processes to oversee identification, escalation, and aggregation of issues and emerging risks.
• Assist in managing the aggregation of enterprise-wide identification of control exceptions, issues management & remediation and change control monitoring, reporting and documentation.
• Spearhead the implementation and execution of Risk Assessments, identification of gaps in processes or controls and the development of remediation activities to resolve or mitigate the identified risks.
• Provide risk leadership and direction to business leaders and build working partnerships across the organization.
• Conduct timely analysis of information and generates management level reporting regarding inherent and residual risks.
• Represents operational risk on projects and initiatives, proposed product / system development, or enhancements and / or process improvements, etc.
• Assist the SVP Risk Assessment Program Lead to effectively drive the creation of RCSAs and Risk Assessments.
• Manage the Risk Committee meetings by developing the agendas, conducting necessary research and taking the meeting minutes.
• Ability to lead, mentor, supervisor others in a positive and constructive manner
• 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

• 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)
• Advanced knowledge of Bank operations and lending products and services; related state and federal laws and regulations, and other company operational policies and procedures
• Advanced knowledge of risk assessments utilizing standard RCSA methodology
• Knowledge of operational risk and related controls; COSO, SOX, and Capital Standards
• Intermediate skills in computer terminal and personal computer operation; Microsoft Office applications including but not limited to : Word, Excel, PowerPoint, Outlook and Visio
• 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 significant impact on the immediate work unit and cross functional departments
• Ability to organize and prioritize own work schedule and the work schedules of others on a short-term and long-term basis
• 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
• Bachelor's degree from an accredited college or university and at least 7 years of related work experience.
• Work related experience must consist of an in-depth background in Compliance, Enterprise Risk, Operational Risk and / or other risk background.
• Prior experience in a Supervisory position preferred

Salary Range : $101,212.00- 130,000.00 USD; Final salary to be determined by the education, experience, knowledge, skills, and abilities of the applicant, internal equity, and alignment with geographic / market data.