SVP, Managing Director, Banker

Banc of California • Boston, MA

9d

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 SVP, Managing Director will be an integral senior contributor on the life sciences venture banking originations team with key responsibilities including originating, structuring, negotiating and executing lending opportunities to early stage private and public companies in the healthcare industry. Specific sectors of coverage include biotechnology, medical devices, healthcare services, specialty pharmaceuticals and digital health. The SVP, Managing Director will be responsible to deliver on budgeted financial performance for deposits, loan commitments, loan outstandings and cross sales of related banking products and services, all while ensuring strong credit quality of the portfolio. The individual will have significant market visibility and will be expected to self-generate leads by calling on venture capital firms, venture backed life science companies and other key contacts within the entrepreneurial ecosystem (CEOs, CFOs, Attorneys, Accountants, etc.). The SVP, Managing Director will be expected to identify, negotiate and present to senior credit committee all aspects of a lending opportunity with the ability to lead a new deal from origination to closing. 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 required or equivalent work experience
• 12+ years of venture banking and/or financial services experience
• Creative and strategic thinker with excellent problem solving and organizational skills
• Ability to exhibit professionalism and a positive attitude under pressure
• Ability to work independently yet collaborate cross-functionally in a team environment
• Superior oral and written communication skills
• Ability to handle multiple priorities, projects and relationships simultaneously
• Proven success in managing client accounts
• High School diploma or equivalent required

Responsibilities

• Grow deposits, loan commitments, loan outstandings and non-interest income to deliver on budgeted performance for tracked KPI metrics
• Collaborate with the portfolio team to actively manage the credit risk of the life sciences portfolio
• Self-generate and identify high quality referrals that align with the credit and business profile of the Bank
• Drive market presence and brand awareness through networking and hosting marketing events with key constituents within the life sciences venture community
• Lead all aspects of deal sourcing, structuring, negotiating, underwriting, internal credit approvals, documentation and closing without assistance or further counsel
• Collaborate within a small team environment
• 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 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 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