BANC OF CALIFORNIA AND YOUR CAREER
Banc of California, Inc. (NYSE: BANC) is a bank holding company headquartered in Los Angeles with one wholly-owned banking subsidiary, Banc of California (the “Bank”). Banc of California is one of the nation’s premier relationship-based business banks focused on providing banking and treasury management services to small, middle-market, and venture-backed businesses. Banc of California offers a broad range of loan and deposit products and services, with full-service branches throughout California and Denver, Colorado, as well as full-stack payment processing solutions through BancEdge. The bank is committed to its local communities by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more.
At Banc of California, our success is driven by our people, and we take pride in fostering an environment where everyone can reach their full potential. We embrace a culture of empowerment, progressive thinking, and entrepreneurial spirit, ensuring our team members have an opportunity to make an impact and play an important role in the future of Banc of California. Our core values – Entrepreneurialism, Operational Excellence, and Superior Analytics – empower us in creating a dynamic and inclusive workplace. We are committed to supporting your growth and well-being with comprehensive benefits, career development programs, a variety of employee resource groups, and more. TOGETHER WE WIN®
THE OPPORTUNITY
Responsible for managing troubled and defaulted mortgage accounts for the Bank in collaboration with the Bank’s subservicers. Evaluates and determines the most effective way to either upgrade or liquidate 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.
HOW YOU’LL MAKE A DIFFERENCE
Manages distressed mortgage accounts by analyzing least loss outcomes for the Bank on defaulted accounts (i.e. consumer loans, single-family loans, home equity lines of credit, business purpose loans, etc.). Manages communications and creates relationships with subservicers, internal counsel, external counsel and other third-parties to investigate distressed mortgage 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 while maintaining a high degree of courtesy and professionalism with counterparties. Applies independent judgment and discretion when evaluating the distressed account; makes independent recommendations for potential resolutions. Works with internal and external counsel to manage mortgage accounts that have gone into litigation. Maintains reporting with status for tracking and reporting purposes. Creates reports including but not limited to accrual and loan risk grading, open items for all subservicers with follow dates, expected resolution dates, etc. Responsible for reviewing, ordering and reporting valuations for defaulted accounts. Performs special projects as determined by management. Examples could include involvement in loan sales or portfolio/bank acquisitions. Cross-trained in multiple functional areas within the department to provide support wherever and whenever needed in a dynamic, energetic and demanding environment Broad understanding of residential, consumer and commercial loan foreclosure and default management processes, documentation and servicing. Documents department policies and procedures and ensure 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. Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; promotes working environment free of harassment of any type. Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values. 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
WHAT YOU’LL BRING
Bachelor’s degree in banking or a business related field Minimum of 5 years of experience working in a similar role. Master’s degree preferred. Strong working knowledge of the Microsoft Office Suite Effective organizational and time management skills Exceptional oral, written and interpersonal communication skills with the ability to apply sound judgment to follow instructions, interpret documents, understand procedures, draft reports and correspondence, and communicate clearly with customers and employees. 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). Ability to communicate ideas clearly and effectively Ability to prepare detailed reports, manuals, or presentations for audiences outside of the immediate work area. Ability to interact with Senior Management as an advisor and serve as the organization’s principal spokesperson within area of expertise. Ability to make decisions that have significant impact on the department’s credibility, operations, and services. Ability to organize and prioritize both short-term and long-term work schedules Ability to work independently with minimal supervision Ability to travel 10% or more as needed. High School diploma or equivalent required
HOW WE’LL SUPPORT YOU
Financial Security: You will be eligible to participate in the company’s 401k plan which includes a company match and immediate vesting. Health & Well-Being: We offer comprehensive insurance options including medical, dental, vision, AD&D, supplemental life, long-term disability, pre-tax Health Savings Account with employer contributions, and pre-tax Flexible Spending Account (FSA). Building & Supporting Your Family: Banc of California partners with providers that offer adoption, surrogacy, and fertility assistance as well as paid parental leave and family support solutions including care options for your family. Paid Time Away: Eligible team members receive paid vacation days, holidays, and volunteer time off. Career Growth Opportunities: To support career growth of our team members, we offer tuition reimbursement, an annual mentorship program, leadership development resources, access to LinkedIn Learning, and more.
SALARY RANGE
The base salary ultimately offered is determined through a review of education, industry experience, training, knowledge, skills, abilities of the applicant in alignment with market data and other factors.
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 their actual or perceived race (including traits associated with race, such as hair texture, hair type or protective hairstyles), religion or religious creed (including religious dress and grooming practices), color, sex (including pregnancy, childbirth, breastfeeding and related medical conditions), sexual orientation, gender, gender identity, gender expression, gender transitioning, citizenship status, national origin, ancestry, age, marital status, military or veteran status, medical condition, genetic information, or disability (mental or physical), requests for accommodation and any additional protected categories set forth in applicable federal, state or local laws. If you require reasonable accommodation as part of the application process, please contact Talent Acquisition.