PacWest Bancorp

Job Details

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 SVP, Internal Audit (IA) Director reports to the EVP, Chief Internal Audit Officer (CIAO), and is responsible for leading the internal audit function to ensure the organization's operations and controls are effective, efficient, and compliant with regulatory requirements. This role involves developing and executing a comprehensive audit plan, managing audit staff, and providing strategic insights to senior management and the board of directors. The Director will assist the Deputy CIAO and CIAO in creating a strong culture of risk management and maintaining the credibility and stature of the third line of defense. 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

• Provides input into the creation of the internal audit universe and audit entities risk profile. Updates universe risk assessment information with current and applicable research and industry feedback.
• Develop and administer a comprehensive internal audit plan that addresses key risk areas and aligns with the organization's strategic objectives and regulatory requirements.
• Collaborate with Bank Examiners and External Auditors during their examinations and audits, ensuring alignment with regulatory expectations and providing necessary information and insights.
• Facilitates key strategic audit discussions and provides thought leadership to executives
• Strategic advisor to leadership team with deep industry, external/internal, enterprise knowledge, recognizing and anticipating emerging trends and; identifying operational efficiencies and opportunities with other business management/enterprise areas
• Lead a team of internal auditors, providing guidance, mentorship, and performance evaluations.
• Conduct risk assessments to identify areas of potential risk and develop audit programs to address these risks.
• Oversee the execution of audit engagements, including planning, fieldwork, reporting, and issue follow-up.
• Ensure that audit findings and recommendations are communicated effectively to management and the Audit Committee.
• Monitor the implementation of audit recommendations and track the status of corrective actions.
• Collaborate with other departments to ensure a coordinated approach to risk management and internal controls.
• Stay current with industry trends, regulatory requirements, and best practices in internal auditing.
• Provide training and development opportunities for the internal audit team to enhance their skills and knowledge.
• 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

• The Internal Audit Director must meet the following qualifications to perform necessary job functions:
• Strong risk management experience, including performing assessments and audits.
• Strong knowledge of regulations governing Internal Audit and of best practices for the implementation of these regulations.
• Excellent leadership abilities, decision making, and critical thinking skills.
• Pro-active, high energy / relentless and with a strong but positive team-focused attitude.
• Strong verbal and written communication skills with the ability to effectively communicate with Senior Management and other stakeholders and partners to establish appropriate remediation efforts.
• Communicate with impact; ability to state risks and issues concisely and articulate the impact in a structured manner (both verbally and written).
• Demonstrate the ability to collaborate, compromise and be empathetic while building effective relationships with both the IA team and the larger organization.
• Ability to represent the IA department and interact professionally and competently with all levels of company staff.
• Excellent analytical skills, showing ability to assess risk and controls.
• Ability to organize, coordinate team members, and prioritize multiple projects while meeting deadlines with minimal direct supervision.
• Ability to exercise independence of judgement and autonomy.
• Ability to remain flexible and adapt to changes in the audit plan, projects and / or needs of the team.
• Ability to navigate through ambiguity / gray thinking and accept ownership and accountability of the process and deliver on commitments.
• Strong data analytics skillset.

The following education and/or experience items are required:

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field. A Master's degree is preferred.
• Certified Internal Auditor (CIA), Certified Public Accountant (CPA), or other relevant certifications.
• Minimum of 10 years of experience in internal auditing, with at least 3 years in a leadership role.
• Strong knowledge of internal control frameworks, risk management, and regulatory requirements.
• Excellent analytical, problem-solving, and communication skills.
• Ability to build and maintain effective working relationships with stakeholders at all levels.
• High level of integrity, professionalism, and ethical standards.

Additionally, the following education and/or experience requirements are preferred:

• Big 4 / Professional Services / Consulting experience
• Minimum of 8 years experience in the banking or financial services industry.
• Advanced degree in a related field.

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 offer adoption, 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 notice from the Department of Labor.