VP, Director Credit Review Greater Denver, CO Area
About the Company
Well-established full-service banking institution
Industry
Banking
Type
Public Company (BANC)
Age
employees
1001-5000
About the Role
Greater Denver, CO Area (On-site)(Denver, Colorado)
Compensation
USD $121,000-$202,500 (salary) per year
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, SmartStreet™. 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 VP, Director Credit Review conducts independent examinations of loan portfolios to evaluate credit risk management processes related to loan originations and portfolio management. This role ensures asset and portfolio quality is accurately assessed and reported to the Board, Enterprise Risk Committee, Executive Management, external auditors, and regulators, and confirms the Bank’s risk-rated assets and loan portfolios are managed, evaluated, and risk-graded in accordance with corporate policies and regulatory standards. 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
- Lead and participate in comprehensive credit reviews across diverse lending portfolios, including Venture Banking exposure to the Life Sciences and Technology sectors, Equity Funds, Lender Finance, and Corporate Asset Finance.
- Manage the issue management tracking process for lending unit examinations from issue identification through remediation, validation testing, and final closure, ensuring timely resolution and accurate documentation of examination findings.
- Enhance the Credit Review program by strengthening governance, expanding portfolio coverage, refining risk assessment methodologies, and implementing critical program elements aligned with heightened regulatory expectations.
- Execute the risk assessment framework to identify, assess, and monitor key credit risks, using performance metrics and trend analysis to detect early signs of credit deterioration and emerging vulnerabilities.
- Identify, recommend, and effect process changes in credit portfolio management activities, including new business lending programs, underwriting, and portfolio management requirements.
- Identify weaknesses in portfolio management practices that result in inaccurate risk ratings or material risk-rating variances from Bank policy and regulatory guidance.
- Provide an opinion on management’s ability to adequately administer credit risk, loan exposures, and concentrations within individual Banking Unit portfolios.
- Analyze and review commercial and retail credits within the Bank’s product suite, including verification of financial analysis, global cash flow, and repayment sources used to determine asset quality.
- Ensure Credit Review risk-rating changes are updated accurately and timely by management in the loan system of record.
- Evaluate and monitor compliance with credit policies, standards, and procedures to confirm appropriate controls are in place to satisfy regulatory requirements and support best practices.
- Serve as examiner in charge and lead examinations, including examiner resources, by planning, coordinating, and overseeing comprehensive portfolio review activities and performing quality control of workpapers and work completed by the examination team and third-party co-source resources.
- Develop risk-based findings from review results, provide meaningful recommendations to management, and support the development of corrective action plans.
- Prepare timely examination reports within established guidelines and conduct meetings with Senior Management to present conclusions and findings.
- Provide training and guidance to less experienced examiners, when appropriate, and serve as a subject matter expert in portfolio asset classes and specialized loan and credit risk products.
- Promote a collaborative team approach within Credit Review and maintain effective working relationships with lending unit management, credit administration, internal audit, and external third parties.
- Promote effective communication with internal and external resources.
- Independently complete special assignments, including due diligence examinations, task force projects, and ad hoc reviews delegated by Credit Review Management.
- Participate in interviewing and hiring decisions.
- Prepare and deliver employee performance evaluations, goal planning, and counseling.
- Manage, support, coach, and train staff.
- Follow all established policies and procedures.
- Perform other duties and projects as assigned.
WHAT YOU’LL BRING
- Bachelor’s degree from an accredited college or university and a minimum of 10 years of commercial lending or credit risk management experience, including underwriting, portfolio risk management, or other credit risk-related work experience or training.
- A minimum of 10 years of recent significant experience with a large financial institution in credit examination, credit administration, commercial lending, or as a credit officer, with a proven track record of assessing credit risk, evaluating lending practices, and ensuring adherence to regulatory and internal credit standards.
- Extensive lending examination expertise across diverse commercial and specialty credit portfolios, including Venture Banking exposure to the Life Sciences and Technology sectors, Equity Funds, Lender Finance, and Corporate Asset Finance.
- Advanced demonstrated knowledge of credit risk management techniques, credit regulatory guidance, and bank credit administration.
- Advanced demonstrated knowledge of accounting rules applicable to lending activities, related state and federal laws and regulations, and other Bank policies and standards.
- Thorough understanding of analyzing various types of commercial and consumer credits.
- Strong understanding of analyzing various types of middle-market and specialty credits.
- Advanced proficiency with Microsoft Office applications, including Word, Excel, PowerPoint, and Outlook.
- Advanced data analytics skills.
- Advanced credit analysis and mathematical skills, including calculating interest and percentages, balancing accounts, performing calculations using whole numbers, common fractions, and decimals, identifying routine mathematical errors, computing rates, ratios, and percentages, and drafting and interpreting bar graphs.
- Effective organizational and time management skills.
- Ability to provide consultation and expert advice to management.
- Ability to address complex and difficult problems involving multiple facets and variables in non-standardized situations.
- Ability to work with little to no supervision while performing assigned duties.
- Ability to work successfully in a client-focused, consultative work environment.
- Experience working with credit databases for analysis and report preparation preferred.
- High school diploma or equivalent required.
HOW WE’LL SUPPORT YOU
- 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.
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.
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 their actual or perceived race (including traits associated with race, such as hair texture, hair type or protective hairstyles), religion or religious creed (including religious dress and grooming practices), color, sex (including pregnancy, childbirth, breastfeeding and related medical conditions), sexual orientation, gender, gender identity, gender expression, gender transitioning, citizenship status, national origin, ancestry, age, marital status, military or veteran status, medical condition, genetic information, or disability (mental or physical), requests for accommodation and any additional protected categories set forth in applicable federal, state or local laws. If you require reasonable accommodation as part of the application process, please contact Talent Acquisition.
Functions:
- Finance