VP, Risk & Control Self Assessment (RCSA) Program Manager

Job description

**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**

Responsible for facilitating the design, development and implementation the Risk and Control Self-Assessment (RCSA) Program for the Company, including but not limited to: introducing the program to Executive Leadership, creating initial RCSA documents based on existing resources, conducting meetings with business staff to capture RCSA content, calculating operating effectiveness and other measures and conducting credible review and challenge.

The role includes maintaining the RCSA schedule, updating status reports, and performing all activities to drive the RCSA for each Business Unit to fruition.

All duties must be performed in accordance with the company’s policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates.

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**

+ Conduct senior level meetings, introducing the concept of the RCSA, explaining the process, and ensuring that the definitions of key components are clear.
+ Work with senior management and junior professionals to document business processes, risks and controls, drafting the RCSA document during the meeting.
+ Document detailed test steps and identify the required evidence to support the controls.
+ Design and update SharePoint lists and Excel/PowerPoint/Word/Visio documents with advanced formulas including lookups, pivots and index/match and VBA macros.
+ Facilitate the design, development and implementation of the RCSA processes, tools, policies, standards, and procedures.
+ Design and oversee reporting processes to provide clear status reporting.
+ Design and develop surveys to capture feedback.
+ Design and deliver tailored training programs for the 1st Line of Defense (1LOD), enhancing their understanding of the RCSA program.
+ Conduct timely analysis of information and generates management level reporting regarding inherent and residual risks.
+ Maintain status reports across Excel tabs.
+ Draft test steps and to review evidence submissions for appropriateness.
+ Manage meetings, including developing the agendas, conducting necessary research and taking the meeting minutes.
+ Conduct thorough reviews of RCSA outcomes, providing effective, credible review and challenge of Business Processes, Risks and Controls, collaborating closely with the 1LOD to address control gaps and weaknesses, resulting in strengthened risk posture.
+ Prepare comprehensive reports and aggregated results by risk domain, key risk metrics, and business unit, facilitating informed decision-making at all levels.
+ Develop supporting information for the Risk Appetite and Business Continuity programs.
+ Conduct process mapping training and build process mapping in Visio with business lines to proactively analyze various data sources to form an independent assessment of operational risk in the relevant business function within the scope of challenge responsibility.
+ Facilitate Risk Control Self-Assessment (RCSA) as the second line of defense to ensure control effectiveness in processes and identify changes in business activity or relevant regulations that may increase operational risk exposure.
+ Work as an independent partner to ensure that controls mitigate risk and propose improvements to control and monitor proactively to prevent operational losses
+ Perform additional risk oversight and assessment activities including, but not limited to, operational loss data validation, control testing, and validation, root cause analysis of significant fraud and other risk events, preparation of management reports, issue management, and targeted risk and control assessments.
+ Evaluate control issues and ensure the adequacy of Event Root Cause Analysis.

Collaborate with ORM Business/Function on an adequate corrective action plan.
+ Validate that significant Inherent and Emerging Operational Risks are adequately incorporated into the program.
+ Explain and facilitate the assessment of Inherent risk ratings, split by impact and likelihood.
+ Capture control maturity information, to score test results, and to calculate operating effectiveness and residual risk.
+ Help ensure all policy and procedural requirements are documented and available for internal audits, risk reviews, or regulatory exams to ensure business adherence to operational risk policies and procedures on timely non-compliant corrective actions.
+ Serve as a champion for refining, building and deploying RCSA processes.
+ Assist in managing the aggregation of enterprise-wide identification of control exceptions, issues management & remediation and change control monitoring, reporting and documentation.
+ Spearhead the implementation and execution of RCSAs, identification of gaps in processes or controls and the development of remediation activities to resolve or mitigate the identified risks.
+ Provide risk leadership and direction to business leaders and build working partnerships across the organization.
+ Ability to lead, mentor, supervisor others in a positive and constructive manner
+ Ability to interact with business partners, capturing and challenging the information presented based on one’s own expertise.
+ 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**

+ Bachelor’s degree from an accredited college or university or at least 7 years of related work experience.
+ Work related experience must consist of an in-depth background in Compliance, Enterprise Risk, Operational Risk and/or other risk background.

**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 full-time base salary range for this position is $100,000.00 to $150,000.00 a year.

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.

Required Skill Profession

Other General