AVP, ALM Analyst

Banc of California • Santa Ana, CA

1d

About The Position

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 BancEdge. 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 ALM Quantitative Analyst performs Asset/Liability Modeling analysis for the Bank while aiding with the documentation and procedural improvements for the model. Responsible for ensuring the timely and accurate completion of data preparation and other required ALM/IRR processes, maintaining and assessing models and assumptions incorporated in the ALM platform (QRM/Empyrean), producing regular and ad hoc reports, and supporting internal clients with tasks such as forecasting and planning, liquidity stress testing, FTP, etc. 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.

Requirements

• Bachelor's degree in Accounting, Mathematics, Statistics, Finance or another analytical discipline.
• 3-4 years’ experience in Asset & Liability Management in the banking industry
• 2-3 years recent hands-on experience with QRM/Empyrean
• Understanding cashflow and behavior of loans, mortgages, investment securities, deposits and other products on the bank's balance sheet
• Strong quantitative background and/or experience in statistical analysis
• Advanced Excel analysis/modeling such as Macros, Pivot tables, Index-Match, Offset
• Experience with Quantitative Risk Management ALM Platform (QRM/Empyrean)
• Ability to multi-task and meet deadlines
• Superior interpersonal, writing and oral communication skills
• A self-starter, willing to learn new content and tools/processes
• Proficiency/experience SQL, R, Python

Nice To Haves

• Master’s degree or higher preferred.

Responsibilities

• Perform Interest Rate Risk Modeling and Analysis using QRM/Empyrean system.
• Run/review reports and assist ALM Manager with monthly report packages.
• Conduct system maintenance to ensure system integrity and functionality.
• Perform model review, back-testing, and tuning.
• Follow established process through the course of work.
• Participate in system improvement and automation efforts.
• Make recommendations and providing guidance to senior management on new modeling/process techniques.
• Aid with documentation, process efficiency, internal audit requests, model validation, data management, and other model enhancements for ALM Model.
• Assist in the preparation of materials for ALCO and Board meetings.
• Provide audit support by running reports and collecting information.
• 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; promotes working environment free of harassment of any type.
• 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.

Benefits

• Financial Security: You will be eligible to participate in a 401k plan in which the Bank will match 100% of the first 4% of your contributions, which is immediately vested.
• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level