VP, Risk Strategy and Transformation

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, Risk Strategy and Transformation strengthens the execution, efficiency, and scalability of key enterprise risk management programs and processes. The role supports the Risk Appetite Program and enterprise risk assessments, leads operational excellence and process improvement initiatives, advances the automation of manual risk processes, and develops timely, accurate, and actionable risk reporting. This position partners across Risk, Technology, Data, and business functions to translate risk management requirements into sustainable processes, workflows, and reporting solutions that improve data quality, transparency, and decision-making while reducing manual effort. The role leads and executes initiatives, coordinates cross-functional stakeholders, delivers measurable outcomes, and simplifies and standardizes Risk processes while maintaining effective governance, controls, auditability, and alignment with the Bank’s risk appetite and regulatory expectations. 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

Risk Appetite Program and Risk Assessments

• Support the ongoing administration and enhancement of the enterprise Risk Appetite Program, including metric governance, data collection, quality review, threshold monitoring, escalation, and management reporting.
• Coordinate risk appetite reporting cycles and partner with metric owners to ensure results, commentary, remediation plans, and supporting information are complete, accurate, and timely.
• Support the execution and continuous improvement of enterprise risk assessments, including planning, coordination, tracking, quality assurance, effective challenge support, data analysis, and reporting.
• Analyze results to identify trends, concentrations, emerging risks, and matters requiring escalation or management attention.
• Maintain clear procedures, controls, calendars, and documentation supporting consistent and sustainable program execution.

Operational Excellence and Process Improvement

• Evaluate Risk processes to identify opportunities for simplification, standardization, stronger controls, and more efficient execution.
• Lead targeted process improvement initiatives using structured problem-solving, root cause analysis, and continuous improvement practices.
• Define current- and future-state workflows, roles, handoffs, requirements, controls, and performance measures.
• Establish measurable outcomes and monitor whether implemented improvements achieve intended benefits.
• Partner with Risk teams and business stakeholders to implement practical solutions that reduce administrative burden while maintaining appropriate governance and oversight.

Automation of Manual Risk Processes

• Identify, assess, and prioritize opportunities to automate manual, repetitive, or error-prone Risk activities.
• Translate business and risk requirements into clear functional requirements for automated workflows, tools, and data solutions.
• Partner with Technology, Data, and Risk stakeholders to design, test, implement, and monitor fit-for-purpose solutions.
• Maintain a prioritized pipeline of automation opportunities, including documented benefits, dependencies, risks, ownership, and implementation status.
• Ensure automated processes include appropriate controls, approvals, auditability, security, data quality, and ongoing monitoring.
• Promote adoption of approved automation and AI capabilities where they provide practical, controlled, and measurable value.

Risk Reporting

• Develop and maintain timely, accurate, and decision-useful risk reporting for executive management, risk committees, and other governance forums.
• Coordinate reporting inputs across Risk functions and establish standards for data, commentary, escalation, and supporting documentation.
• Develop dashboards and reporting solutions that provide visibility into risk appetite, risk assessments, key risk trends, program performance, and emerging concerns.
• Partner with data owners to strengthen data quality, consistency, lineage, validation, and reconciliation.
• Translate complex risk information into clear insights, themes, and actions appropriate for executive and committee audiences.
• Continually improve reporting processes to reduce manual effort, shorten production timelines, and improve transparency.

Key Deliverables

• Deliver timely and well-controlled execution of Risk Appetite and enterprise risk assessment activities.
• Produce accurate, complete, and actionable risk reporting for executive and governance audiences.
• Standardize and document Risk Operations processes with clear ownership, controls, calendars, and service expectations.
• Maintain a prioritized portfolio of process improvement and automation initiatives with measurable benefits.
• Deliver automated workflows that reduce manual effort, improve data quality, and strengthen operating effectiveness.
• Develop dashboards and reporting capabilities that provide transparent, decision-useful risk insights.
• Provide periodic updates on operational performance, improvement opportunities, implementation progress, and realized benefits.
• Follow all established policies and procedures.
• Perform other duties and projects as assigned.

WHAT YOU’LL BRING

• Bachelor’s degree in Business, Finance, Risk Management, Information Systems, Data Analytics, or a related field, or equivalent relevant experience.
• 8+ years of experience in enterprise risk management, risk operations, operational risk, process improvement, reporting, automation, or related disciplines.
• Experience supporting enterprise risk programs, including risk appetite, risk assessments, operational risk, or related governance processes.
• Experience developing executive, committee, or Board-level risk reporting and translating complex information into clear insights and actions.
• Demonstrated success improving, standardizing, documenting, and operationalizing complex processes.
• Ability to translate risk and business requirements into practical workflows, reporting, controls, and technology solutions.
• Strong data analysis, quality assurance, structured problem-solving, root cause analysis, and project execution capabilities.
• Demonstrated ability to coordinate work across Risk, business, Technology, and Data teams and influence stakeholders without direct authority.
• Knowledge of control design, data governance, auditability, regulatory expectations, and change management.
• Familiarity with Microsoft Power BI, Power Automate, Power Apps, or comparable workflow, analytics, and reporting tools.
• Strong written and verbal communication skills, with the ability to communicate effectively with technical, business, risk, and executive audiences.
• Risk-focused and data-driven judgment.
• Operational discipline and continuous improvement.
• Clear business, risk, and technology translation.
• Ownership, accountability, and outcome-oriented execution.
• Stakeholder partnership and influence without authority.
• Executive-ready communication and attention to detail.
• Banking or financial services experience strongly preferred, ideally within enterprise risk management, operational risk, risk governance, or Risk Operations.
• Experience working in a regulated environment with internal controls, audit expectations, governance forums, and regulatory requirements.
• Experience implementing workflow automation, reporting solutions, or data-enabled process improvements.
• Lean Six Sigma, project management, risk management, or related certification 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.