Job Information
Banc of California Officer, Senior Associate SOX Compliance in Santa Ana, California
Overview
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 through more than 70 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, as well as full-stack payment processing solutions through its subsidiary, Deepstack Technologies. 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.
JOB SUMMARY:
Responsible for implementing the Bank’s annual, strategic SOX Compliance Program plan initiatives in adherence with the Sarbanes-Oxley (SOX) Act. Works closely with the business stakeholders to ensure that process and control documentation is maintained, assertions performed, and that findings related to Internal Controls over Financial Reporting (ICOFR) are assessed and reported to management. Carries out responsibilities by working with a mix of direct, indirect, and 3 rd party co-sourced team members to perform all SOX-related activities in accordance with the Bank’s annual SOX Compliance Program and methodology. Works with all levels of management, internal department personnel, and 3 rd party co-source provider to identify control weaknesses, perform control testing, and communicate findings to management in an objective manner. Assists in completing key entity level assessments such as the annual SOX Risk Assessment and annual Fraud Risk Assessment. Collaborates with external consultants as needed. Ensures the performance of all duties in accordance with the company’s policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates.
Responsibilities
Assists SVP, SOX Compliance Director in planning and executing the Bank’s annual SOX Compliance strategic plan in collaboration with executive management.
Assists with key entity-level assessments such as the annual SOX Compliance Risk Assessment and annual Fraud Risk Assessment.
Coordinates and leads process walkthroughs and performs “Test of Design” to ensure that internal controls are designed appropriately.
Performs management’s testing of internal controls to validate the operating effectiveness of SOX controls.
Analyzes and documents SOX findings and deficiencies, performs root cause analysis, assesses potential financial statement impact of deficiencies, and assesses remediation plans developed by process owners.
Facilitates the remediation of control deficiencies and escalates possible critical issues to process owners.
Advises process owners in updating their SOX documentation which includes process maps, key inventories, control descriptions, etc.
Maintains SOX documentation in the department’s workflow solution.
Maintains the Bank’s issues management software to track and report SOX control deficiencies.
Supports the development and coordination of the company’s SOX activities. Communicates and provides accurate reporting to SOX Compliance management and business units.
Collaborates with SOX process owners re: SOX Compliance requirements to increase awareness, understanding, and compliance.
Maintains effective and professional relationships with management, external auditors, and representatives of federal and state regulatory agencies.
Identifies areas of opportunity for process improvements and assists the business stakeholders in adequately addressing them.
Maintains a current level of knowledge relating to professional standards and emerging industry and technical developments, including SOX 302/404, GAAP, COSO, and related auditing standards.
Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
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.
Follows policies and procedures; completes tasks correctly and on time; acts with a sense of urgency, is self-directed, and 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.
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. If you require reasonable accommodation as part of the application process please contact Talent Acquisition Partner.
Qualifications
Working knowledge of Sections 302 and 404 of the Sarbanes-Oxley Act of 2002 and related requirements for internal controls over financial reporting (ICOFR)
Knowledge of the 2013 COSO Framework
Knowledge of banking operations, including commercial and real estate lending and deposit operations
Working knowledge of Microsoft Office applications, including Word, Excel, Visio, PowerPoint
Effective organizational and time management skills
Exceptional oral, written, and interpersonal communication skills
Strong analytical skills and ability to quickly grasp business needs and objectives
Ability to identify and communicate solutions to complex, time-critical, or recurring business issues
Ability to organize and prioritize workstreams effectively and manage multiple projects to meet deadlines
Ability to deliver high-quality work product and deliverables
Ability to interact with senior and executive management, external auditors, regulators, and vendors
Ability to meet deadlines in a fast-paced environment and adapt quickly to change
Bachelor’s degree from an accredited college or university in accounting, finance, business administration, economics, or related field
Five (5) or more years of related work experience in an internal audit, control, risk, or compliance role at a mid-size to large bank or financial institution
At least three (3) years of related experience in internal control testing and evaluation, preferably in the banking industry.
Certified Public Accountant (CPA), Certified Internal Auditor (CIA), or Certified Information Systems Auditor (CISA) a plus.
SALARY RANGE: $76,000.00 - 100,000.00 USD; Exact compensation may vary based on skills, experience, and location.
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Job Locations US-CA-Santa Ana
ID 2024-3711
Category Corporate Administration
Type Regular Full-Time
Equal Opportunity Employer
PacWest Bancorp and its affiliates are fully committed to the principles of equal opportunity and diversity. We take pride in building a workplace culture where all employees feel supported and respected, and have equal access to career and development opportunities without regard to race, religion/creed, color, national origin, age, marital status, ancestry, sex, gender (including pregnancy, childbirth, breastfeeding or related medical conditions), gender identity/expression, sexual orientation, veteran status, physical or mental disability, medical condition, military status, genetic information, or any other characteristic protected by federal, state or local laws.