AVP, Model Validation - Model Risk Management at Banc of California
United States
$75k - $112.5k
<p><span style="color: #000000;"><strong>BANC OF CALIFORNIA AND YOUR CAREER</strong></span></p> <p><span style="color: #000000;">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 BancEdge. 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. </span></p> <p><span style="color: #000000;">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®</span></p> <p><span style="color: #000000;"> </span></p> <p><span style="color: #000000;"><strong>THE OPPORTUNITY</strong></span></p> <p><span style="color: #000000;">The Assistant Vice President, Model Validation is responsible for assisting the Bank’s Model Risk Management with its framework and standards, model inventory, model risk assessment, model validation and model governance. 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.</span></p> <p><span style="color: #000000;"><strong> </strong></span></p> <p><span style="color: #000000;"><strong>HOW YOU’LL MAKE A DIFFERENCE</strong></span></p> <ul> <li><span style="color: #000000;">Conduct model validations on the Bank’s models, both in-house and vendor models, based on regulatory guidelines, the Bank’s model risk management policy and procedure, and the industry’s leading practices.</span></li> <li><span style="color: #000000;">Assist in evaluating model assumptions and weaknesses, data relevancy and completeness, conceptual soundness, modeling methodology, outcome analysis, etc.</span></li> <li><span style="color: #000000;">Assist in preparing a model validation report that meets the Model Risk Management’s expectations, based on the evaluation of the model, including backtesting, sensitivity testing, benchmarking, etc. and include a conclusion based on the review.</span></li> <li><span style="color: #000000;">Assist in model validation findings monitoring, reporting, and evaluating the corrective actions.</span></li> <li><span style="color: #000000;">Conduct model annual reviews including process verification, performance monitoring, degree of changes, etc. and document the findings and comments in the annual review report.</span></li> <li><span style="color: #000000;">Support senior managers to communicate findings and recommendations from model validation report to model owners and model users.</span></li> <li><span style="color: #000000;">Work closely with model owners and model users to understand the model use and business applications.</span></li> <li><span style="color: #000000;">Review on-going model monitoring report, identify potential model risks; document the findings.</span></li> <li><span style="color: #000000;">Treat people with respect; keep commitments; inspire the trust of others; work ethically and with integrity; uphold organizational values; accept responsibility for own actions.</span></li> <li><span style="color: #000000;">Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; promotes working environment free of harassment of any type.</span></li> <li><span style="color: #000000;">Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.</span></li> <li><span style="color: #000000;">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.</span></li> <li><span style="color: #000000;">Performs other duties and projects as assigned. </span></li> </ul> <p><span style="color: #000000;"><strong> </strong></span></p> <p><span style="color: #000000;"><strong>WHAT YOU’LL BRING</strong></span></p> <ul> <li><span style="color: #000000;">Required:</span> <ul> <li><span style="color: #000000;">3+ years of experience in model validation or model development in the banking industry or consulting.</span></li> <li><span style="color: #000000;">Bachelor’s in Economics, Finance, Mathematics or other related quantitative fields.</span></li> <li><span style="color: #000000;">Familiarity with model documentation requirements that meets regulatory expectations.</span></li> <li><span style="color: #000000;">Strong written and verbal communication skills.</span></li> <li><span style="color: #000000;">Familiarity with dealing with large data set.</span></li> <li><span style="color: #000000;">Experience with model validation..</span></li> <li><span style="color: #000000;">Proficiency in statistical programming skills such as in Python / R.</span></li> <li><span style="color: #000000;">Strong organizational, written and verbal communication skills.</span></li> <li><span style="color: #000000;">Ability to work independently and collaboratively.</span></li> <li><span style="color: #000000;">Ability to interface effectively and professionally with senior level management.</span></li> <li><span style="color: #000000;">Ability to multi-task several projects at once.</span></li> <li><span style="color: #000000;">Excellent attention to detail and accuracy</span></li> <li><span style="color: #000000;">Excellent organizational and time management skills.</span></li> <li><span style="color: #000000;">Proven ability to use Microsoft Office Suite (Outlook, Excel, MS Word, and PowerPoint).</span></li> <li><span style="color: #000000;">Creative and strategic thinker capable of analyzing information/processes to determine overall trends and make appropriate conclusions.</span></li> <li><span style="color: #000000;">Review and be knowledgeable of departmental and human resource’s policies & procedures</span></li> </ul> </li> <li><span style="color: #000000;">Preferred:</span> <ul> <li><span style="color: #000000;">Experience with BSA/OFAC, Payment, or Merchant Acquiring/Card Issuing model validation.</span></li> <li><span style="color: #000000;">Familiarity with AI/ML models</span></li> </ul> </li> </ul> <p><span style="color: #000000;"><strong> </strong></span></p> <p><span style="color: #000000;"><strong>HOW WE’LL SUPPORT YOU</strong></span></p> <ul> <li><span style="color: #000000;"><strong>Financial Security:</strong> You will be eligible to participate in the company’s 401k plan which includes a company match and immediate vesting.</span></li> <li><span style="color: #000000;"><strong>Health & Well-Being:</strong> 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).</span></li> <li><span style="color: #000000;"><strong>Building & Supporting Your Family: </strong>Banc of California partners with providers that offer<strong> </strong>adoption, surrogacy, and fertility assistance as well as paid parental leave and family support solutions including care options for your family.</span></li> <li><span style="color: #000000;"><strong>Paid Time Away:</strong> Eligible team members receive paid vacation days, holidays, and volunteer time off.</span></li> <li><span style="color: #000000;"><strong>Career Growth Opportunities:</strong> 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.</span></li> </ul> <p> </p> <p><span style="color: #000000;"><strong>SALARY RANGE</strong></span></p> <p><span style="color: #000000;">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.</span></p> <p><span style="color: #000000;">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 their actual or perceived race (including traits associated with race, such as hair texture, hair type or protective hairstyles), religion or religious creed (including religious dress and grooming practices), color, sex (including pregnancy, childbirth, breastfeeding and related medical conditions), sexual orientation, gender, gender identity, gender expression, gender transitioning, citizenship status, national origin, ancestry, age, marital status, military or veteran status, medical condition, genetic information, or disability (mental or physical), requests for accommodation and any additional protected categories set forth in applicable federal, state or local laws. If you require reasonable accommodation as part of the application process, please contact Talent Acquisition.</span></p>
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