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 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:
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.).
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
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.
Works with outside
counsel to manage distressed asset accounts that have gone in to litigation.
Creates Credit Action
Recommendation memos based on independent investigations of assigned accounts.
Creates reports including
but not limited to: accrual and loan risk grading, problem loan reports,
reserve analysis and Sarbanes–Oxley compliance testing reports.
projects as determined by management.
Examples could include involvement in loan sales or portfolio/bank
and guidance to internal business partners regarding distressed account
management procedures and industry best practices.
Travels to interface
with borrow and external legal counsel. Serves as a representative of the bank
on assigned accounts.
policies and procedures and ensures compliance management.
Treat people with
respect; keep commitments; inspire the trust of others; work ethically and with
integrity; uphold organizational values; accept responsibility for own actions.
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.
Follow policies and
procedures; complete tasks correctly and on time; support the company’s goals
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.
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:
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).
knowledge of the MicroSoft Suite of Applications.
Effective organizational and time management skills
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.