Senior Loan Collateral Specialist

• Pay or shift range: $27 USD to $34 USD
  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.
• Operations
• Full-Time
• Requisition #: SENIO
  005042

Banc of California, Inc. (NYSE: BANC) is a bank holding company with over $34 billion in assets and the parent company of Banc of California. Banc of California is one of the nation’s premier relationship-based business banks, providing banking and treasury management services to small, middle market, and venture backed businesses. As the largest independent bank headquartered in California, the bank offers a broad range of loan and deposit products and services through a network of full-service branches and regional offices, as well as through digital and nationwide capabilities.

The bank also provides full-service payment processing solutions to its clients and serves the Community Association Management industry nationwide through its technology forward platform, Smart Street™. Banc of California is committed to supporting its local communities through the Banc of California Charitable Foundation and by partnering with organizations that promote financial literacy, job training, small business support, affordable housing, and more.

At Banc of California, our success is powered by our people and a shared commitment to delivering meaningful results. We foster an environment where entrepreneurial thinking is encouraged, and accountability and operational excellence are expected. Our team members are empowered to take ownership, make informed decisions, and make a meaningful impact as the bank continues to grow and evolve. We are dedicated to supporting your growth and wellbeing through comprehensive benefits, robust development opportunities, and inclusive programs that enable you to perform at your best.

Together we win!

Responsible for ensuring the integrity and compliance of loan and collateral processes within the Collateral Team which includes conducting thorough second reviews of collateral releases, amendment and terminations. May also be responsible for managing workflow and actively participating in team projects and taking on cross functional roles to support broader team objectives. Responsible for managing and monitoring collateral associated with loans originated and serviced by the bank throughout their entire lifecycle, this role encompasses a range of duties.

It involves safeguarding original loan documentation to maintain compliance and integrity, and ensuring that all collateral remains in good standing, particularly with regard to Uniform Commercial Code (UCC) requirements. The position also includes reporting any tax delinquencies tied to collateralized loans, identifying loans eligible for pledging from a collateral documentation perspective, and ensuring the timely and accurate release of collateral when appropriate.

Additionally, the role requires handling and responding to subpoena requests as well as conducting general collateral research and addressing related inquiries. 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. 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.

• Prepare collateral releases, amendment and terminations to ensure accuracy and compliance.
• Conduct second reviews of collateral releases, amendments, and terminations to ensure accuracy and
• compliance.
• Assist in managing workflow for the collateral team.
• Facilitate and actively participate in projects within the Collateral Team.
• Take on cross-functional responsibilities, either on a permanent or interim basis, to support broader team objectives.
• Maintain and monitor original loan files for new, existing, and paid off loans to ensure accuracy and compliance .
• Manage a portfolio of loans with UCC (Uniform Commercial Code) filings,…