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Senior Manager- SOX Compliance, Santa Ana at Banc of California

Posted in General Business 30+ days ago.

This job brought to you by eQuest

Type: Full-Time
Location: Santa Ana, California

Job Description:

Since 1941, Banc of California (NYSE:BANC) has empowered California’s diverse private businesses, entrepreneurs and communities, provided full service banking and lending, and partnered with businesses, families and employees to achieve their dreams.
Today, we are large enough to meet our clients’ banking needs, yet small enough to care and serve them well. Banc of California’s strong balance sheet, deep community roots and commitment to lasting and meaningful relationships are the foundation for its long record of success. 

Responsible for implementing the bank’s annual strategic SOX plan initiatives in compliance with the Sarbanes-Oxley (SOX) Act.  Works closely with the business stakeholders to ensure that control documentation is maintained, assertions performed and that findings related to Internal Controls over Financial Reporting (ICOFR) are assessed and reported to management.  Carries out responsibilities by working with a mix of direct, indirect and co-sourced team members to manage all SOX related activities in accordance with the Bank’s annual SOX plan.  Works with all levels of management and internal department personnel to identify control weaknesses and communicate audit findings effectively to members of management in an objective manner. Responsible for completing key entity level assessments, such as the SOX risk assessment, Committee of Sponsoring Organizations of the Treadway Commission (COSO) assessment, and Fraud Risk Assessment.  Supervise external consultants as needed. 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.

  1. Assists VP, SOX Compliance in planning and executing the bank’s annual SOX management strategic plan in collaboration with executive management.  

  2. Completes key entity level assessments, such as the SOX Risk Assessment, SOX Fraud Risk Assessment, and COSO Assessment in compliance with appropriate scoping and testing in compliance with COSO 2013 standards. 

  3. Manages a SOX Compliance team of Senior Associates, Associates, or consultants responsible for testing of SOX controls, documentation of test findings, deficiency assessments, and other duties.

  4. Coordinates and leads process walkthroughs and performs Test of Design to ensure that internal controls are designed appropriately.

  5. Performs Management’s testing of internal controls to validate the operating effectiveness of SOX controls.

  6. Analyzes and documents SOX issues, including root cause analysis, control failure identification, level of significance assessment for deficiencies and remediation plans.

  7. Facilitates the remediation of control gaps and escalates possible critical issues to senior management.

  8. Identifies areas of potential improvement for key processes and procedures.

  9. Advises process owners in updating their SOX documentation, which includes process maps, key inventories, control descriptions, etc.

  10. Manages SOX specific vendor relationships effectively and efficiently.  Communicates vendor status and effectiveness to management on a timely basis. 

  11. Manages the development and coordination of the company’s Sarbanes-Oxley activities.  Communicates and provides accurate reporting to bank management.

  12. Manages, develops, and implements SOX specific training for bank and department personnel to increase awareness, understanding and compliance.

  13. Ensures policies initiated and managed by the SOX Compliance team are in compliance with Sarbanes-Oxley, Generally Accepted Accounting Principles (GAAP), Financial Accounting Standards Board (FASB), Federal Financial Institutions Examinations Council (FFIEC) and internal Bank policies.

  14. Maintains effective and professional relationships with company audit clients; managers and staff of the company’s public accountants; representatives of federal and state regulatory agencies; and others dealt within a professional capacity.

  15. Processes, solves and answers complex transactions, problems or inquiries.

  16. Identify areas of opportunity for process improvements and assist the business stakeholders in adequately addressing them.

  17. Maintains a current level of knowledge relating to professional standards and emerging industry and technical developments, including GAAP, COSO, FASB, FFIEC, ICOFR, and emerging technologies and best practices.

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

  19. 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.

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

  21. 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.

  22. 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.


  • 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)

  • Thorough understanding of the regulatory environment and applicable banking regulations impacting the financial services industry

  • Strong knowledge of GAAP, SOX (ICOFR), and 2013 COSO framework

  • Advanced knowledge of all aspects of banking, including lending, deposits and regulatory compliance

  • Advanced knowledge of regulations imposed upon federally chartered companies

  • Advanced knowledge of lending commercial and residential lending operations

  • Intermediate skills in computer terminal and personal computer operation; Microsoft Office applications including but not limited to: Word, Excel, PowerPoint and Outlook

  • 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

  • Strong analytical skills and ability to quickly grasp business needs and objectives

  • Ability to identify and communicate solutions to complex, time-critical, or recurring business issues

  • 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 interact with Regulators and Auditors

  • 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

  • Ability to meet deadlines in a fast-paced environment and adapt quickly to change


  • Bachelor’s degree from an accredited college or University in accounting, finance, business administration, economics, or related field.

  • Seven (7) or more years’ related work experience in an internal audit, control, risk, or compliance role at a mid-size to large bank or financial institution.

  • Experience should consist of an in-depth background in SOX 404 testing and internal control evaluation.

  • Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Regulatory Compliance Manager (CRCM), Certified Anti-Money Laundering Specialist (CAMS), Certified Fraud Examiner (CFE), or other related certification preferred.