Svp, Business Banking Credit Team Lead

Banc Of California Los Angeles , CA 90009

Posted 1 week ago

Since 1941, Banc of California (NYSE:BANC) has provided full-service banking and lending to individuals and their businesses, families and employees throughout California and across the West.

Today, with over $10 billion in consolidated assets, we are large enough to meet our clients' banking needs, yet small enough to care and serve them well. Banc of California's strong balance sheet, deep community roots and commitment to lasting and meaningful relationships are the foundation for its long record of success.

JOB SUMMARY:

Responsible for the credit origination process and portfolio management of existing portfolio in accordance with established Banc Standards and Procedures. Manages a team of Underwriters and Credit Analysts, who determine the credit worthiness of the borrower and an appropriate credit structure. Keeps apprised of industry related, political and regulatory issues to determine their impact on specific industries or clients. 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.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Lead a team of Underwriters and Analysts in the credit origination and underwriting process including the timely, accurate and quality underwriting of Business Banking credits and creation of Credit Approval Memorandums (CAMs), the appropriateness of risk ratings and timeliness of acting on changes in the borrower, quality of Credit Approval Memorandum ("CAM") and ongoing credit servicing including loan renewals and annual reviews.

  • Communicates and manages loan origination underwriting assignments to the Underwriter and Credit Analyst team, sets goals for the team and is responsible for performance plans and evaluations of his/her team members.

  • Able to independently evaluate the most complex credit requests; assist Relationship Managers and Underwriters in development of new business and credit structure and risk assessments; ensures the CAM submitted to Credit Administration contains an appropriate recommendation for final approval. Determines and assists Relationship Managers in negotiating appropriate loan covenants to provide early triggers to detect deterioration of the credit.

  • Provides direction to Underwriters regarding very complex credit requests, loan documentation and collateral perfection and oversight of Underwriter's independent credit analysis of loan packages and verifies Underwriters credit judgment and decisions as to recommending the credit.

  • Recruits, hires, on-board, trains and continually develops Underwriters and Analysts to minimize vacancy and impacts to operations, build skill among direct reports; maintains a pipeline of viable candidates at all times.

  • Works closely with Relationship Managers, Market Managers, Team Leaders, Head of Business Banking, Credit Administration, Loan Administration and other groups that support the of business to meet goals and objectives.

  • Develops, and assists with the monitoring and reporting of origination process activities and KPIs.

  • Develops ownership and stewardship of applicable Credit Standards, Policies, and Procedures, including the updating and revisions of them, as required.

  • Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.

  • Follows applicable company policies and procedures; completes tasks correctly and on time; supports the company's goals and values.

  • 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.

  • 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.

ESSENTIAL KNOWLEDGE, SKILLS, AND ABILITIES:

  • Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position including but not limited to the following: Regulation Z (Truth in Lending Act), Regulation B (Equal Credit Opportunity Act), Fair Housing Act (FHA), Home Mortgage Disclosure Act (HMDA), Real Estate Settlement Procedures Act (RESPA), Fair Credit Reporting Act (FCRA), Bank Secrecy Act (BSA) in conjunction with the USA PATRIOT Act, Anti-Money Laundering (AML) and Customer Information Program (CIP), Right to Financial Privacy Act (RFPA, state and federal) and Community Reinvestment Act (CRA).

  • Strong working knowledge of the Bank's Loan Policies, Standards and Procedures. Enhanced knowledge of industry norms in the same.

  • Expert level competence with complex loan underwriting, loan documentation and collateral perfection.

  • Strong skills in computer terminal and personal computer operation; Microsoft Office applications including but not limited to: Word, Excel, PowerPoint and Outlook.

  • Intermediate to advanced accounting skills based on education, experience or both.

  • Effective organizational and time management skills.

  • Strong technical writing and editing skills and good oral, written and interpersonal communication skills.

  • Ability to make decisions that have a large impact on the immediate work unit and cross functional departments.

  • Ability to apply common sense to carry out instructions and instruct others, train personnel, write reports, correspondence and procedures, and speak clearly to customers and employees.

  • Ability to work and function independently with little to no daily supervision while performing duties.

EDUCATION, EXPERIENCE AND/OR LICENSES:

  • Master's degree in accounting, finance, economics or related field preferred or ten (10) or more years of related work experience and/or training.

  • Work related experience must consist of a strong understanding of lending, specifically, cash flow and collateral analysis and loan structuring.

  • Financial analysis experience working with business financial statements and tax returns and individual financial statements and tax returns required.

  • Seven (7) or more years of managerial experience required.

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Svp, Business Banking Credit Team Lead

Banc Of California