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VP - Quantitative Analytics (Governance)
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 creating qualitative forecasts and analytical tools. Develops predictive analytics for all the major business segments by analyzing and evaluating relevant drivers and performance; Drives process improvements by evaluating ongoing project scope and efficiently executing project plans; Works closely with internal teams on developing accurate metrics to support business growth; Key participant in the planning and execution of the DFAST stress-testing process. 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. Responsible for the development of analytical tools
◦ Develops quantitative processes aimed at producing reliable and repeatable forecasts for a number of critical line items related to loans, deposits, securities, loss, etc.
◦ Assists with the preparation, data compilation, and financial analysisof macroeconomic factors affecting the company’s balance sheet and income statement
◦ Automates various development and reporting tasks
◦ Works with various businesslines to identify key drivers
◦ Ensures appropriate analytical tool reviewby responding to and remediating validation findings
2. Responsible for documentation related to all analytical tools as well as the Bank’s annualstress-test submission
◦ Creates and updates relevant analytical tool documentation
◦ Analyzes and documents the Bank’s primary risk drivers
◦ Ensures adequate documentation around product specific segmentation
◦ Evaluates and edits existing policies and procedures
◦ Adds to and updates all supporting DFAST submission documentation
◦ Assists with the preparation of the overall submission narrative
3. Assists with overall DFAST governance, including project planning
◦ Implements controls-testing framework across analytical tools
◦ Analyzes and updates development, production, and submission milestones
◦ Ensures adequate timelines and overall scope
◦ Responsible for Review & Challenge documentation and process
◦ Acts as a liaison between business units and central team
◦ Assists with the assignment of key production resources
◦ Works closely with internal teams to align stress-testing framework with the Bank’s annual planning process
4. Assists with DFAST Execution and contributes to the Bank’sannual DFAST regulatory filing
◦ Assists the central team in running 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
5. Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
6. Produces high quality work product with an appropriate attention to detail.
7. 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.
8. 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.
9. 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 ProceduresAct (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).
• Superior knowledge of Excel
• Superior writing ability
• Superior mathematical ability
• Thorough understanding of macroeconomic theory
• Strong data analysis skills and high attention to detail
• Demonstrated ability solving complex problems involving multiple facets and variables in non-standardized situations
• Superior understanding of issues dealing with and analyzing large data sets
• Thorough understanding of 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, Engineering, or other quantitative fields; Treasury and/or investment analysis background with fixed-income knowledge preferred
• 10+ years’ relevant industry work experience.
• Prior bankingand/or financial services background a plus