Operational Risk Specialist (Temporary up to 90 days )
Updated: June 21
Santa Ana
3 MacArthur Place
0
0mi
Job Abstract
Responsible for supporting the development and implementation of the operational risk management methodology and framework for the Company including but not limited to: risk control self-assessment processes and procedures, control processes, framework and infrastructure. 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 Enterpri... more details
Operational Risk Specialist (Temporary up to 90 days )
Job LocationsUS-CA-Santa Ana
ID
2024-3701
Category
Enterprise Risk Management
Type
Temporary 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 supporting the development and implementation of the operational risk management methodology and framework for the Company including but not limited to: risk control self-assessment processes and procedures, control processes, framework and infrastructure. 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 executive 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
Supports the development 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.
Manages the aggregation of enterprise wide identification of control exceptions, issues management & remediation and change control monitoring and documentation.
Help with Risk and Control Self-Assessments, identification of gaps in process or controls and development of remediation activities to resolve or mitigate the identified risk.
Provides risk leadership and direction to business leaders and build working partnerships across the organization.
Conducts timely analysis of information and generate 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.
Effectively support the Risk Committee meetings by developing the agendas, conducting necessary research and taking the meeting minutes.
Ensures that all risk governance documents have obtained final review and approvals from the required governing bodies (i.e., Risk, Compliance, Legal, and/or governance boards).
Serves as business subject matter expert for the RSA ARCHER GRC tool.
Manages the development of key performance indicators and key risk indicators for the Company.
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, 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
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.
Advanced knowledge of operational risk and related controls; COSO, SOX, and Basel II 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.
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 is highly preferred, and at least 3 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.
Salary Range:$54,080.00- 62,400.00 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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