BSA​/OFAC Quality Control Specialist

• Pay or shift range: $74,000 USD to $90,000 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.
• Risk, Compliance & Controls
• Full-Time
• Requisition #: BSAOF
  005172

BANC OF CALIFORNIA AND YOUR CAREER

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!

THE OPPORTUNITY

The BSA/OFAC QC Specialist performs quality control reviews of the Bank’s Financial Crimes Enforcement Network reporting, including Suspicious Activity Reports, Currency Transaction Reports, and Designation of Exempt Person Reports, as well as work products from AML and OFAC Operations, Know Your Customer reviews, and first-level OFAC dispositions completed by other business units. This role ensures regulatory reports are accurate, complete, timely, supported by case files and work papers, and reconciled with Bank data;

documents technical errors and provides timely feedback to management; and reviews additional regulatory filings using knowledge of applicable FinCEN filing requirements. 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

• Perform timely quality control reviews of Bank reporting to FinCEN and other regulatory agencies, as appropriate, and document the reviews in accordance with internal procedures.
• Remain current on changes to FinCEN reporting requirements. When requirements change, review existing Technical Quality Control Procedures and Technical Quality Control Checklists and recommend appropriate changes to management.
• Perform detailed technical reviews of underlying customer transactions warranting FinCEN reports and ensure data reconciles with the Bank’s core system, AML transaction monitoring system, and other applicable Bank systems.
• Ensure each reportable event is appropriately identified on the FinCEN report and that the underlying case file or work papers support the reported activity.
• Ensure all reportable activity is appropriately captured on the…