VP, ALM Treasury Risk Manager (Project Management)

VP, ALM Treasury Risk Manager

Banc of California, Inc. (NYSE: BANC) is a bank holding company with approximately $9.4 billion in assets and one wholly-owned banking subsidiary, Banc of California, N.A. (the “Bank”). With our 600+ dedicated professionals, we provide customized and innovative banking and lending solutions to businesses, entrepreneurs and individuals throughout California. We proudly partner with community organizations that provide financial literacy, job training, small business support, and affordable housing to help improve the communities where we live and work. With a commitment to service and building enduring relationships, we provide a higher standard of banking.

 JOB SUMMARY:

The ALM Treasury Risk Manager position at Banc of California reports to the SVP Treasurer and is expected to develop impactful balance sheet strategies by establishing effective sensitivity measurement and reporting practices that clearly articulates exposures to market and interest rate risk.  Responsible for establishing efficient processes capable of producing the Company's net interest income simulation using reasonable assumptions and judgements through close collaboration with FP&A, Treasury and Strategy.  The ALM Treasury Risk Manager is also responsible for establishing and maintaining the Liquidity Stress Test model, processes and methodologies.  Supports capital planning and liquidity risk management functions within Corporate Treasury in a coordinated manner to meet critical regulatory reporting milestones.  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:

1. This position leads the Asset Liability Management function for the corporate enterprise and is responsible for managing interest rate risk exposure under Business-as-Usual conditions while also guarding against unexpected and dramatic changes in interest rates. 
2. Conversant in economics and macroeconomic business drivers and subject matter expert on the term structure of interest rates. 
3. Forward thinking anticipating a range of interest rate outcomes with the ability and conviction to propose specific risk mitigating recommendations.
4. Assists in the production of MIS presented to the Asset Liability Committee and help organize the content in a logical and insightful flow leading to strategic discussion that enhances financial performance while measuring potential risks associated with interest rate management strategies. 
5. Extensive experience with interest rate derivatives, knowledge of valuation inputs to interest rate options, cash flow behaviors of fixed income and mortgage-backed securities, and modeling techniques applicable to non-maturity deposits.
6. Collaborates with Senior Management and ALCO to establish appropriate market and interest rate risk exposure and sensitivity limits as well as liquidity stress testing that reflect the dynamic nature and composition of Banc of California's balance sheet and business model. 
7. Knowledgeable with regulatory expectations on market risk, interest rate risk management, liquidity risk management, model risk management, and model validation requirements.
8. Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
9. 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.
10. Follows policies and procedures; completes tasks correctly and on time; supports the company's goals and values.
11. 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.
12. 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. If you require reasonable accommodation as part of the application process please contact Talent Acquisition Partner.

• Strong leadership of a growing professional team and through applying traditional market sensitivity measurement practices that clearly describe interest rate risk embedded within the balance sheet. Success is also defined by the level and depth of forward-looking actionable recommendations presented to the Asset Liability Committee. Specific deliverables include the following:
• Development of insightful interest rate risk reporting that describes the contribution to total interest rate risk from subsets of earning assets, non-maturity deposits and interest-bearing liabilities.
• Oversight of the effectiveness of models reflecting behaviors of specific deposit products or client segments to changes in interest rates and/or pricing. 
• Ensures timely delivery of support to capital planning, capital stress testing, and liquidity risk management processes. 
• Contributes to innovative thought and discussion with the Asset Liability Committee on topics that impact financial performance through a range of economic and interest rate scenarios.
• Proactive collaboration with Corporate Investments, Financial Planning and Analysis, Liquidity Products Management in the production of net interest income forecasts, including sensitivity to forecast inputs (i.e., volume, rate, spread).  
• Professional leadership fostering team development advocating growth, opportunity, engagement and camaraderie.
• 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)
• Must be fully vaccinated for COVID-19 (i.e., at least 2 weeks after last dose) and, if hired, present proof of vaccination by start date.

• Bachelor's degree in Math, Finance, Engineering, or other quantitative fields; Treasury and/or investment analysis background with fixed-income knowledge preferred with prior banking and/or financial services background a plus.  Master's degree preferred.
• 10+ years of successively responsible leadership positions in large or growing Financial Institutions with specific experience in Capital Management.
• Proven track record that demonstrates achievement in managing the ALM function.
• Strong leadership skills and ability to build consensus with conviction.
• In-depth understanding of regulatory expectations on Interest Rate Risk Management and Model Risk Management and Liquidity Stress Test.
• Knowledge of interest rate derivatives and their use to mitigate risk, including familiarity of derivative accounting considerations. 
• Must possess the knowledge and desire to offer and defend opinions on the broader economy and macroeconomic and interest rate trends.
• Executive-level communication skills. Effective and concise communicator at all levels, both verbal and written.