VP, BSA & OFAC QA/QC Manager

BANC OF CALIFORNIA AND YOUR CAREER

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, with full-service branches throughout California and Denver, Colorado, 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.

At Banc of California, our success is driven by our people, and we take pride in fostering an environment where everyone can reach their full potential. We embrace a culture of empowerment, progressive thinking, and entrepreneurial spirit, ensuring our team members have an opportunity to make an impact and play an important role in the future of Banc of California. Our core values – Entrepreneurialism, Operational Excellence, and Superior Analytics – empower us in creating a dynamic and inclusive workplace. We are committed to supporting your growth and well-being with comprehensive benefits, career development programs, a variety of employee resource groups, and more. TOGETHER WE WIN®

THE OPPORTUNITY

The VP, BSA/ OFAC QA/QC Manager reports to the BSA Officer and will lead the development and execution of a QA program focused on financial crimes controls. This role is pivotal in ensuring that processes and work products produced by AML and OFAC Operations and KYC from the front line are in compliance with regulatory requirements and consistent with policy and procedures. The QA manager will oversee a team of QA/QC specialists and collaborate with key stakeholders for continuous improvement. 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.

HOW YOU’LL MAKE A DIFFERENCE

• Own, design, refine, and manage the QA/QC program, including but not limited to the strategy and roadmap.
• Lead, train, and mentor a team responsible for conducting reviews and testing across various functions in the BSA Department and lines of business.
• Maintain collaborative partnerships with internal and frontline stakeholders.
• Implement proactive enhancements to the QA program based on emerging trends or regulatory expectations.
• Develop and maintain QA testing methodologies, procedures, and templates in line with industry best practices and regulatory expectations.
• Supervise QA reviews of FIU alerts & cases, SARs filed, EDD reviews, CTR, OFAC, KYC, negative news & PEP screening to ensure the decisions are appropriate and fully supported and adherence to policy and procedures.
• Provide actionable insights from testing results to enhance control and operational effectiveness, as needed.
• Communicate QA/QC exception trends and/or concerns with the respective business owners.
• Develop monthly QA results report and dashboard that is consumable by executive.
• Demonstrate a detailed understanding of the various bank wide computer applications and AML systems used for performing and documenting BSA quality control reviews.
• Manage 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, providing necessary training direction, motivation, coordination and evaluation of functionalities.
• Promotes a risk-aware culture, ensures efficient and effective risk and compliance management practices by adhering to required standards and processes.
• Prepares for internal audit reviews as well as regulatory examinations and is responsible for addressing any audit deficiencies or regulatory examination corrective actions.
• Interacts with peers, all levels of management and other internal or external constituents in order to deliver comprehensive views on investigative and intelligence matters.
• Drafts and updates any associated desktop procedures, policy, or program changes needed to comply with changing regulatory environments and/or bank practices.
• Accountable for strict adherence to all regulatory deadlines, internal service level agreements, production expectations, and consistent and accurate application of policies and procedures.
• Treat people with respect; keep commitments; inspire the trust of others; work ethically and with integrity; uphold organizational values; accept 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.

WHAT YOU’LL BRING

• Bachelor’s Degree and a minimum of 8+ years’ experience in financial crimes.
• A minimum of 7 years of direct audit or QA manager with focus on KYC, CTR, FIU, EDD, and OFAC.
• 4+ years of experience in a supervisory role with professional staff.
• Strong knowledge of testing principles, methodologies, and documentation standards.
• Hands-on experience in designing testing scripts or operating automated monitoring routines (e.g. data-driven scripts for continuous control monitoring).
• Advanced knowledge of KYC, CIP, CDD, EDD, PEP, OFAC requirements, policies, procedures and practices for various client types.
• Knowledgeable of the laws applicable to money laundering, including the Bank Secrecy Act, the USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements.
• Advanced knowledge of BSA/AML regulations, requirements, research techniques, and tools.
• Effective organizational and time management skills.
• Proficient skills in Microsoft Office applications including but not limited to: Word, Excel, PowerPoint and Outlook.
• Exceptional oral, written and interpersonal communication skills with the ability to communicate complex information accurately, clearly and quickly.
• Ability to understand complex problems and to collaborate and explore alternative solutions.
• Ability to understand opposing points of view on highly complex issues and to negotiate and integrate different viewpoints.
• Ability to operate in a highly collaborative and team-oriented environment.
• Ability to work in an up-tempo, fast paced and evolving environment.
• Ability to make informed critical decisions within the area of responsibility.
• Ability to take initiative and work independently with minimal supervision in a structured environment.
• Ability to work both independently and to collaborate cross-functionally.
• Either Certified Anti-Money Laundering Specialist (CAMS), Certified Fraud Examiner (CFE) certification, Certified Financial Crime Specialist (CFCS), or other applicable industry designation required.

HOW WE’LL SUPPORT YOU

• Financial Security: You will be eligible to participate in the company’s 401k plan which includes a company match and immediate vesting.
• Health & Well-Being: We offer comprehensive insurance options including medical, dental, vision, AD&D, supplemental life, long-term disability, pre-tax Health Savings Account with employer contributions, and pre-tax Flexible Spending Account (FSA).
• Building & Supporting Your Family: Banc of California partners with providers that offer adoption, surrogacy, and fertility assistance as well as paid parental leave and family support solutions including care options for your family.
• Paid Time Away: Eligible team members receive paid vacation days, holidays, and volunteer time off.
• Career Growth Opportunities: To support career growth of our team members, we offer tuition reimbursement, an annual mentorship program, leadership development resources, access to LinkedIn Learning, and more.

SALARY RANGE

The full-time base salary range for this position is 100,000.00 - 140,000.00 USD a year. The base salary ultimately offered is determined through a review of education, industry experience, training, knowledge, skills, abilities of the applicant in alignment with market data and other factors.

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.

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.