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VP - Consumer Credit Administration
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 lending to individuals and their businesses, families and employees throughout California and across the West.
Today, with over $10 billion in consolidated assets, 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 assigned Consumer Lending portfolio management, approval of credits per assigned lending authority, ongoing portfolio analysis with actionable recommendations, active membership on IARC, taking lead for necessary workouts of consumer credits, detailed review of consumer lending programs, participate in the creation of appropriate policies and procedures, regulatory oversight and interface, assurance of implementation of cutting edge industry procedures, credit oversight of future mortgage banking activities. 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. Carries out portfolio management for assigned consumer lending operations.
2. Performs consumer loan workouts, underwriting of short sale requests, modifications, partial releases, subordinations, etc.
3. Performs underwriting due diligence on the purchase of various loan pools.
4. Exercises discretion in utilizing consumer credit administration approval authority for assigned high dollar credits.
5. Participates, as needed, the Internal Asset Review Committee meetings.
6. Provides regulatory oversight for consumer credits.
7. Conducts portfolio analysis: performs concentration reviews of various consumer lending segments with recommendations for appropriate limits, and stress testing; provides early warning of anticipated portfolio or individual loan distress; performs troubled debt restructuring; works closely with Finance and Credit Services; and performs non-traditional mortgage loan analysis and quarterly reporting.
8. Participates in the development and recommendation of appropriate policies and procedures.
9. Reviews ongoing and proposed consumer lending programs and related documentation.
10. Plans business objectives related to credit oversight of future mortgage banking operations.
11. Responsible for adherence to all compliance programs.
12. Complies with requirements of all laws and regulations applicable to position.
13. Uses independent judgment in analyzing business and individual tax returns/financial statements to identify recurring and non-recurring sources of cash flow (identification of cash versus non cash income on K-1 statements, schedule E, etc.)
14. Monitors existing credit facilities for financial and reporting covenant compliance. Candidates should understand risk ratings and be able to provide recommendations for changes in current rating.
15. Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
16. Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.
17. 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.
18. 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.
19. 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.
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 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).
• Thorough understanding of management procedures; ability to plan department or Company activities (setting objectives, developing strategies, budgeting, and developing policies and procedures); initiative to organize various functions necessary to accomplish department or Company activities.
• Proficient in analyzing credit and other reports on companies and individuals.
• Intermediate skills in computer terminal and personal computer operation; Microsoft Office applications including but not limited to: Word, Excel, PowerPoint and Outlook.
• Advanced math skills; calculate interest and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs.
• Effective organizational and time management skills.
• Strong customer service skills.
• Strong relationship development and management skills.
• Exceptional oral, written and interpersonal communication skills.
• Ability to present written credit memorandums in a clear, succinct manner, present credits to management/board loan committee.
• Able to make conclusive recommendations and decisions based on independent analysis.
• Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.
• Able to work well in a team-oriented environment.
• Ability to make decisions that have moderate impact on the immediate work unit and cross functional departments.
• Ability to organize and prioritize work schedules on a short-term and long-term basis.
• Ability to provide consultation and expert advice to management.
• 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 multi-task and handle multiple transactions at once.
• Ability to work with little to no supervision while performing duties.
EDUCATION, EXPERIENCE AND/OR LICENSES:
• Bachelor’s Degree or equivalent work experience.
• Ten (10) or more years’ experience in all facets of consumer lending, credit and portfolio management.
• Financial analysis experience of business and individual financial statements and tax returns.
• Advanced experience, knowledge and training in all lending activities and terminology.