Description
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 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.
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
The VP, Deposit Operations Manager, is responsible for the overall leadership, management, and operational oversight of the Deposit Operations team. This includes ensuring that all daily processing, time-sensitive activities, compliance obligations, internal controls, and audit requirement are effectively met. The role is accountable for building a high-performing team, maintaining regulatory compliance, ensuring operational integrity and effectiveness, and optimizing departmental performance across all deposit-related functions. 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
Provide daily oversight and leadership to the Deposit Operations team, ensuring all operational functions are completed accurately and within established deadlines.
Monitor and manage time-sensitive activities including funds transfers, wire cutoff schedules, and regulatory reporting obligations.
Ensure adequate staffing levels and resources allocation to support daily operations, special projects, and peak workloads.
Maintain operational excellence through ongoing training, cross-training, and professional development of staff.
Ensure all policies, procedures, and internal controls are current, comprehensive, and compliant with application laws and regulations.
Serve as primary point of contact for internal and external audits; ensure all exams and audits receive satisfactory or better ratings.
Oversee and ensure the integrity and timeliness of all departmental functions, including but not limited to: Retirement services, W-8 Certification process, B-Notice management, Escrow Retention Account monitoring and maintenance, Deposit Account Control Agreement (DACA) monitoring and maintenance, Brokered Deposit onboarding and maintenance, wire processing, unclaimed property reporting, and more.
Collaborate with Compliance, Risk, Legal, and other departments/branches to resolve issues, implement new processes, or support business initiatives.
Drive continuous process improvement, automation and customer service.
Champion a culture of compliance, accountability, and service excellence within the department.
Prepare and present department metrics, KPIs, and operational reports to senior leadership.
Maintain consistent reoccurring team meetings and individual one-on-one meetings with each department staff.
Involved with interviewing and hiring decisions.
Prepare and deliver employee performance evaluations, goal planning, and counseling.
Manage, support, coach and train staff.
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; 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; 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
Minimum 8-10 years of experience in banking operations, with a strong background in deposit operations
Minimum of 5 years in management or leadership role.
Strong working knowledge of banking regulations including Reg D, Reg CC, Reg E, BSA/AML, and OFAC.
Demonstrated experience managing audits, compliance matters, and exams.
Exceptional leadership, problem-solving, and decision-making skills.
Proven ability to manage cross-functional teams, implement process improvements, and deliver results under pressure.
Excellent written and verbal communication skills.
Proficient in banking systems and Microsoft Office Suite; experience with core banking platform, FIS is a plus.
Required: Highschool Diploma or equivalent
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 offeradoption, 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 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.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights (https://www.eeoc.gov/poster) notice from the Department of Labor.
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.
