Banc of California, Inc.
(NYSE: BANC) is a bank holding company with approximately $9 billion in assets
and one wholly-owned banking subsidiary, Banc of California, N.A. (the “Bank”).
With our 700+ dedicated professionals, we provide customized and innovative banking
and lending solutions to businesses, entrepreneurs and individuals throughout
California. We proudly partner with community organizations that provide
financial literacy, job training, small business support, and affordable
housing to help improve the communities where we live and work. With a
commitment to service and building enduring relationships, we provide a higher
standard of banking.
Responsible for supervising all
portfolio management activities in the company. Work closely with Business Unit
Presidents, relationship management groups, and underwriting teams to ensure
accurate and timely monitoring of loans post-closing.
Work closely with the loan servicing department
to ensure efficient and accurate tickler management and covenant compliance.
Provide training and guidance to group staff on appropriate actions to identify
and report covenant compliance, collateral monitoring issues, and credit
deterioration. Performs all duties in accordance with the company’s policies
and procedures, all U.S. state and federal laws and regulations, wherein the
DUTIES AND RESPONSIBILITIES:
Plans, directs, and manages the loan portfolio management process. Direct
the portfolio management teams in setting priorities. Allocates resources among
portfolio managers to ensure timely and accurate reporting.
Train, teach and develop
staff. Actively manage, coach, and counsel individuals to improve their understanding
of portfolio management responsibilities and the significance of portfolio
management in risk management.
Oversight of secondary
validation of loan data to ensure accurate management reporting and CECL data
Oversight of covenant
compliance monitoring and tickler management.
Provides guidance and
direction of the annual review of loans.
Provide direction to
Portfolio Managers as it relates to risk rating reviews.
Responsible for the results of loan review audit preparation (internal
Act as a liaison between
Portfolio Managers, the Business Units, Note Department and Credit
suggestions to Credit Administration and Executive Management on ways to
enhance the portfolio management and related processes.
Treats people with respect;
keeps commitments; inspires the trust of others; works ethically and with
integrity; upholds organizational values; accepts responsibility for own
Follows policies and
procedures; completes tasks correctly and on time; supports the company’s goals
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
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.
KNOWLEDGE, SKILLS, AND ABILITIES:
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).
Basic skills in computer terminal and personal computer operation,
mainframe computer system, word processing, typing and spreadsheet software
programs to meet the needs of the position.
Intermediate math skills; ability to calculate interest, commissions,
proportions, 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.
Exceptional verbal, written and interpersonal communication skills, with
the ability to apply common sense to carry out instructions and instruct
others, train personnel, write reports, correspondence and procedures, and
speak clearly to customers and employees.
Thorough understanding of management procedures; ability to plan
department or Company activities (setting objectives, developing strategies,
budgeting, and developing policies and procedures); initiative to organize
various functions necessary to accomplish department or Company activities;
effectively staff (selecting, training and developing employees); directing
employees towards the desired objectives (delegating, motivating, resolving
problems); controlling the function (developing performance standards,
measuring results, taking corrective action and rewarding employees as
Ability to deal with complex problems involving multiple facets and
variables in non-standardized situations.
Ability to work with no supervision while performing duties.
Current California driver's license and a vehicle with appropriate
insurance coverage if required to drive in the course of performing assigned
duties and responsibilities.
EXPERIENCE AND/OR LICENSES:
Bachelor’s degree in
business, finance or related field and at least 10+ years financial industry
with an emphasis on credit administration and portfolio management, including 7 or more year’s management experience.