Responsible for managing and implementing the operational risk management methodology and framework for the Company including but not limited to: risk assessment processes and procedures, control processes including effective challenge and control testing oversight, framework and infrastructure, and regulatory support oversight tasks. Contributes to achieving business objectives of the organization through operational excellence and assists with the review and implementation of the Operational R... more details
VP, Operational Risk Management
Job LocationsUS-CA-Santa Ana
ID
2024-3672
Category
Enterprise Risk Management
Type
Regular Full-Time
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 managing and implementing the operational risk management methodology and framework for the Company including but not limited to: risk assessment processes and procedures, control processes including effective challenge and control testing oversight, framework and infrastructure, and regulatory support oversight tasks. Contributes to achieving business objectives of the organization through operational excellence and assists with the review and implementation of the Operational Risk Management Framework (ORMF) as part of the overall Enterprise Risk Management Framework (ERMF). Provides subject matter expertise and guidance to management and Business Unit leaders on overall risk management objectives. 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
Performs personnel actions including performance appraisals, disciplinary actions, and interviewing candidates for employment; supervises the daily activities of the team including, but not limited to, effective delegation of assignments, developing work schedules and providing necessary training.
Oversees the management and implementation of Operational Risk processes, tools, policies, standards, and procedures in alignment with Operational Risk Framework and the Enterprise Risk Framework Program.
Serves as a champion for refining, building and deploying risk governance processes to oversee identification, escalation, and aggregation of issues and emerging risks.
Assists in managing the aggregation of enterprise-wide identification of control exceptions, issues management & remediation and change control monitoring, reporting and documentation.
Spearheads 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.
Oversees the development and implementation of a control testing framework at the First Line of Defense, as applicable.
Provides risk leadership and direction to business leaders and build working partnerships across the organization.
Conducts 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 Operations Risk to effectively 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.
Ensures the performance of all duties in accordance with the company’s policies and procedures, training requirements, and all U.S. state and federal laws and regulations, wherein the company operates.
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- 135,000.00 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.
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