VP, Deputy BSA Officer at Banc of California in Santa Ana, California

Job Description:

Banc of California, Inc. (NYSE: BANC) is
a bank holding company with approximately $8 billion in assets and one
wholly-owned banking subsidiary, Banc of California, N.A. (the “Bank”). With
our 600+ 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.

 
JOB SUMMARY:
 

Responsible for integrating themselves into the BSA
processes utilized by the company in the development, implementation, and
administration of all aspects of the corporate-wide Bank Secrecy Act and
Anti-Money Laundering (“BSA/AML”) Programs. Responsibilities include, but are
not limited to, becoming well versed in all aspects of the company’s BSA, AML,
and OFAC processes, the Verafin automated system, providing leadership to all
business units in the area of Bank Secrecy Act, Anti-Money Laundering (AML),
Office of Foreign Assets Control (OFAC) and Customer Identification Program
(CIP) compliance, assisting the company in becoming a leader within the
industry in BSA, OFAC, and AML. 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.

ESSENTIAL DUTIES AND
RESPONSIBILITIES:

1. Performs personnel actions including
   performance appraisals, disciplinary actions, and interviewing candidates for
   employment; supervises the daily activities of the FIU team including, but not
   limited to, effective delegation of assignments, developing work schedules and
   providing necessary training.


2. Participates
   in the oversight of all aspects of the corporate-wide Bank Secrecy Act (BSA)
   and Anti-Money Laundering (AML) programs and directly supports the BSA Officer.


3. Gains
   knowledge of the company’s strategic vision for BSA, AML, and OFAC risk
   mitigation in support of the corporate priorities and various business
   initiatives across the company.


4. Gains
   knowledge of the company’s BSA policy, program, and various desktop procedures
   to ensure the BSA Officer Elect has a working knowledge of all segments of the
   BSA/AML process within the company.


5. Reviews
   and gains an understanding of the Verafin automated BSA/AML system and the
   processes used to monitor, investigate, and respond to and/or document various
   risks identified by the system.


6. Reviews
   and gains an understanding of all program requirements including legal and
   regulatory filings, reporting, training, communication, and ongoing risk
   assessments.


7. Reviews
   and gains an understanding of the recent risk assessments performed by the BSA
   to identify and measure the BSA/AML and OFAC risks associated with products and
   services offered by the company.


8. Reviews
   and gains an understanding of the company’s customer identification program
   (CIP), customer due diligence (CDD), and enhanced due diligence (EDD)
   requirements.


9. Reviews
   OFAC matches to ensure that all appropriate action consistent with OFAC
   requirements to block or reject transactions are documented, reported, and
   retained within the company’s records.


10.  Reviews and assess the company’s identified
    high risk customers and the underlying EDD, making recommendations as necessary
    to improve the process.


11. Identifies
    and monitors trends in the internal and external regulatory environments and
    assesses their impact on the company. 
    Reviews policy to respond to the changing regulations, ensuring
    consistency with the best business practices.


12. Assists
    in the development and scheduling of BSA/AML/OFAC training for BSA staff with
    the goal of having all BSA staff certified in a timely manner.


13. Participates
    in the annual performance evaluation process for BSA staff.


14. Assists
    in the development and implementation of the annual budget and department
    goals, and monitor performance against those expectations.


15. Gains
    an understanding of the process surrounding the development of the BSA Officer
    quarterly reporting to senior management and the board of directors.


16. Meets with each of the business unit lines to
    gain an understanding of the business strategy and BSA/AML risk associated with
    each business unit.


17. Treats people with
    respect; keeps commitments; inspires the trust of others; works ethically and
    with integrity; upholds organizational values; accepts responsibility for own
    actions.


18. Follows policies and
    procedures; completes tasks correctly and on time; supports the company’s goals
    and values.


19. 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.


20. 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.

ESSENTIAL 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: Bank Secrecy Act (BSA) in
  conjunction with the USA PATRIOT Act, Anti-Money Laundering (AML) and Customer
  Information Program (CIP)


• Knowledgeable in all
  branch banking and business unit functions associated with account opening,
  products offered, and services provided.


• Effective oral, written
  and interpersonal communication skills with the ability to apply common sense
  to carry out instructions, interpret documents, understand procedures, write
  reports and correspondence, and speak clearly to management.


• Ability
  to understand complex problems and to collaborate and explore alternative
  solutions.


• Ability to make decisions that have significant impact on
  the immediate work unit.


• 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 presentations, inside the
  organization; speaking before assigned team.


• Ability to deal with difficult problems involving
  multiple facets and variables in non-standardized situations.


• Effective organizational and time management skills.


• Ability to work with no supervision while performing
  duties.

EDUCATION, EXPERIENCE
AND/OR LICENSES:

• Bachelor’s Degree from
  an accredited college or University and a minimum of 8 years’ experience
  working in a BSA, AML or financial crime related field.


• Certified Anti-Money
  Laundering Specialist (CAMS), preferred