VP, Special Assets Manager at Banc of California

Posted in Banking 26 days ago.

This job brought to you by eQuest

Type: Full-Time
Location: Santa Ana, California





Job Description:

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.

 
JOB SUMMARY:


Responsible for managing troubled credit accounts
for the bank.   Determines the most efficient way to either
upgrade or liquidate a credit while minimizing risk and/or loss to the
Bank.  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.

 
ESSENTIAL DUTIES AND RESPONSIBILITIES:


  1. Manages distressed
    credit accounts by negotiating between the Borrower and the Bank on defaulted credits
    of all kinds (i.e. leases, consumer loans, single-family loans, second
    mortgages, construction loans, commercial loans, commercial real estate loans,
    multifamily loans, etc.). 

  2. Manages
    communications and creates relationships with borrowers, internal counsel and
    external counsel in order to investigate distressed loan accounts. Analyzes the
    information, formulates a mutually beneficial solution based on the complete
    facts and circumstances regarding the account and makes recommendations to executive
    management accordingly.

  3. Applies independent
    judgment and discretion when evaluating the reasons for the distressed asset;
    makes independent recommendations for potential resolutions with the borrower
    and/or the borrower’s legal representatives.

  4. Works with outside
    counsel to manage distressed asset accounts that have gone in to litigation.

  5. Creates Credit Action
    Recommendation memos based on independent investigations of assigned accounts.

  6. Creates reports including
    but not limited to: accrual and loan risk grading, problem loan reports,
    reserve analysis and Sarbanes–Oxley compliance testing reports.

  7. Performs special
    projects as determined by management. 
    Examples could include involvement in loan sales or portfolio/bank
    acquisitions.

  8. Performs mentoring
    and guidance to internal business partners regarding distressed account
    management procedures and industry best practices.

  9. Travels to interface
    with borrow and external legal counsel. Serves as a representative of the bank
    on assigned accounts.

  10. Documents department
    policies and procedures and ensures compliance management.

  11. Treat people with
    respect; keep commitments; inspire the trust of others; work ethically and with
    integrity; uphold organizational values; accept responsibility for own actions.

  12. Demonstrate knowledge
    of and adherence to EEO policy; show respect and sensitivity for cultural
    differences; educate others on the value of diversity; promote working
    environment free of harassment of any type; build a diverse workforce and
    support affirmative action.

  13. Follow policies and
    procedures; complete tasks correctly and on time; support the company’s goals
    and values.

  14. Perform 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.

  15. Perform 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: 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).

  • Strong working
    knowledge of the MicroSoft Suite of Applications.

  • Effective organizational and time management skills
    required.

  • Exceptional 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 customers and employees.

  • Ability to express or
    exchange ideas by means of the spoken word, communicating orally with others
    accurately, audibly, and quickly.

  • Ability to compose
    materials such as detailed reports, work-related manuals, publications of
    limited scope or impact, etc., and/or to make presentations outside the
    immediate work area.

  • Ability to interact
    with Senior Management as an advisor on projects, and to act as the company’s
    principal spokesperson in area of expertise.

  • Ability to make
    decisions that have significant impact on the department’s credibility,
    operations, and services.

  • Ability to organize
    and prioritize work schedules on short-term basis and long-term basis.

  • Ability to work with
    no supervision while performing duties.

  • Ability to travel 10%
    or more of the time.

 
EDUCATION, EXPERIENCE AND/OR LICENSES:

  • Bachelor’s degree in
    banking or a business related field and a minimum of 5 years’ experience
    working in a similar role.

  • Master’s degree
    preferred. 





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