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VP - Quantitative Analytics
Banc of California
Santa Ana, CA, United States
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Description
Since 1941, Banc of California (NYSE:BANC) has provided full-service banking and home lending to individuals and their businesses, families and employees throughout California and across the West.
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.
JOB SUMMARY:
Responsible for the development and documentation of the bank’s stress-testing models. Develops credible loan, deposit, credit- loss, and RWA forecasts for the near and long term; works with lines of business to identify and incorporate key variables affecting changes to growth; Analyzes risk measures in the balance sheet; works closely with business lines, internal audit, and internal risk teams to assess credit, market and operational risks. 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 ANDRESPONSIBILITIES:
1. Responsible for developing and executing repeatable quantitative methods to forecast the balance sheet and income statement
◦ Assists with the preparation, data compilation, and financial/statistical analysis of macroeconomic factors affecting the company’s balance sheet and income statement under stressed scenarios.
◦ Automates various development and reporting tasks
◦ Works with various business lines to identify key drivers
◦ Works closely with internal teams to align stress-testing framework with the bank’s annual planning process
◦ Ensures appropriate model review by responding to and remediating validation findings
◦ Works closely with Corporate Treasury to align models within the Bank’s asset/ liability management framework
2. Responsible for documentation related to all developed quantitative processes
◦ Creates and updates model development documentation
◦ Assists with editing existing policies and procedures
◦ Adds to and updates all supporting DFAST submission documentation
◦ Prepares regular and Ad-hoc stakeholder presentations
3. Assists with DFAST Execution and contributes to the bank’s annual DFAST regulatory filing
◦ Runs the existing suite of models and analytical tools
◦ Aggregates results across business areas and works with various financial reporting teams to streamline submission
◦ Performs qualitative and quantitative review of results
4. Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
5. Produces high quality work product with an appropriate attention to detail.
6. Follows all bank policies and procedures. 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.
7. 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.
8. Performs other duties and projects as assigned by Manager.
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.
Qualifications
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 PATRIOTAct, Anti-Money Laundering (AML) and Customer Information Program (CIP), Right to Financial Privacy Act (RFPA, state and federal) and Community Reinvestment Act (CRA).
• Advanced working knowledge of Excel and statistical modeling packages
• Advanced writing ability
• Superior mathematical ability
• Thorough understanding of macroeconomic theory
• Strong deposit, prepayment, and credit modeling background
• High degree of familiarity with both plain-vanilla and more complexfixed-income MBS structures
• Strong data analysis skills
• Demonstrated ability solving complex problems involving multiple facets and variables in non- standardized situations
• Significant background, using SAS, R, or other modeling packages
• Superior understanding of issues dealing with and analyzing large data sets
• Significant familiarity with bank financial statements
• High degree of intellectual curiosity
• Thorough understanding of asset / liability management tools and techniques
• Effective organizational and time management skills
• Exceptional oral, written and interpersonal communication skills
• Ability to organize and prioritize work schedules on a short-term and long-term basis.
• Ability to work with little to no supervision while performing duties
EDUCATION, EXPERIENCE AND/OR LICENSES:
• Bachelor’s degree in Math, Finance or other quantitative fields; Treasury background with fixed-income knowledge preferred
• 10+ years’ relevant industry work experience.
• Prior banking and/or financial services background a plus