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 performing the post-closing tasks in partnership with the relationship managers once the credit team ensures data integrity. Monitors assigned credit portfolio for covenant compliance, collateral monitoring, and credit deterioration in the tickler management system, as applicable. Conduct annual reviews of loans and identify any risk rating changes. Determine the credit worthiness of the Borrower and provide recommendations on credit decisions to credit administration remaining cognizant of the risk implications, audit controls and requisite documentation. Keeps apprised of industry related, political and regulatory issues to determine their impact on specific industries or clients. 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:
Collaborates with the underwriting team to understand new credits and/or changes to existing credits and determines appropriate loan covenants to provide early triggers to detect deterioration of the credit.
Proactively monitors assigned credit portfolio by using CASH for monitoring of ticklers and covenants, as applicable.
Reviews and inputs, as needed, appropriate loan codes to ensure proper reporting and CECL data collection.
Partners with relationship managers and credit analysts to obtain information needed to perform annual reviews, and/or monitor covenant compliance.
Drives the annual review process by performing independent analysis of appraisal and environmental reports.
Independently and proactively initiates problem loan identification and elevation of possible risk rating changes to the underwriting team.
Partners with underwriting teams to ensure audit and exam readiness.
Ensures compliance with all applicable regulations, policies and procedures. Keeps up with changes to banking regulation and completes bank training courses on-line.
Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.
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.
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 Bank’s Loan Policies.
Understands very complex loan documentation and collateral perfection.
Strong skills in computer terminal and personal computer operation; Microsoft Office applications including but not limited to: Word, Excel, PowerPoint and Outlook.
Effective organizational and time management skills.
Exceptional oral, written and interpersonal communication skills. Analytical writing skills a must.
Ability to make decisions that have moderate impact on the immediate work unit and cross functional departments.
Ability to comprehend and explain financial calculations and pricing alternatives
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.
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 work with little to no supervision while performing duties.
EDUCATION, EXPERIENCE AND/OR LICENSES:
Bachelor's degree preferred and 3 to 5 years of related work experience and/or training; or equivalent combination of education and experience.
Previous experience should include roles requiring cash flow and collateral analysis and loan structuring.
Financial analysis experience for business financial statements, tax returns and individual’s financial statements and tax returns preferred.
Strong communication skills.
Experience in syndicated credits as a participant and in most types of credit products including derivatives preferred.
