Published on

Feb 10, 2024

Published on

Feb 10, 2024

Published on

Feb 10, 2024

Published on

Feb 10, 2024

VP, Payments Risk and Compliance, Cards

VP, Payments Risk and Compliance, Cards

VP, Payments Risk and Compliance, Cards

VP, Payments Risk and Compliance, Cards

Full-time

/

Santa Ana, CA

/

On-site

Full-time

/

Santa Ana, CA

/

On-site

Full-time

/

Santa Ana, CA

/

On-site

Full-time

/

Santa Ana, CA

/

On-site

About the job

Overview

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 through more than 70 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, as well as full-stack payment processing solutions through its subsidiary, Deepstack Technologies. 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.

Job Summary

Payments is an exciting growth area within Banc of California and we’re looking for a VP, Payments Compliance to join our team. If you are a disciplined self-starter with strong leadership skills and have experience in the payments system and knowledge of Payment Network compliance, then this is the opportunity for you! We are looking for an energetic leader with experience building frameworks and processes to assess risk for new business, partnerships, and products. The ideal person should be passionate about enabling the business to drive scale through strong risk assessment methodology, collaboration, and defining business requirements from a risk perspective.

The VP, Payments Compliance leader will play a large role in the ever-evolving payments system. This role will be responsible for designing and managing Banc of California’s Payments compliance strategy for its Card acquiring and issuing businesses, and oversight and management of risk/compliance within the company’s merchant, acquiring and issuing portfolios. Develop the initial roadmap to manage and maintain compliance with Payment Network rules and applicable regulatory requirements.

Responsibilities

  • Lead the process of drafting, updating, maintaining Fraud, BSA/AML, and Card network rules and programs, and procedures as they related to Card Acquiring and Issuing.

  • Demonstrate a comprehensive understanding of all card brand rules and network regulations related to card issuance and acceptance activities.

  • Implement and maintain processes to ensure the Bank, program managers, processors, and other agents comply with Federal, State and network rules and regulations and Bank policies/procedures.

  • Ensure that all BSA/AML and other compliance monitoring aspects of card programs are appropriately completed.

  • Implement and maintain a transaction monitoring model and decision alerts within predetermined SLAs.

  • Prepares reports to be used by various oversight and governance committees to understand Payments risk and other related activities and trends.

  • Coordinate regulatory exams and independent audits.

  • Conduct independent periodic oversight of operational and financial internal controls.

  • Prepare reports to be used by various oversight and governance committees to understand BSA risk and other related activities and trends.

  • Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.

  • 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.

  • 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.

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.

Qualifications

  • Knowledge and understanding of Card Brand Requirements for Card Acquiring and Issuing.

  • Payment Card Industry (PCI) requirements.

  • Capable of overseeing ongoing compliance and monitoring of banks program partners.

  • Problem-solving and decision-making skills, with the ability to analyze complex information to identify the critical issue and drive resolution.

  • 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: Bank Secrecy Act (BSA) in conjunction with the USA PATRIOT Act, Anti-Money Laundering (AML) and Right to Financial Privacy Act (RFPA, state and federal), Regulation Z (Truth in Lending Act), Regulation B (Equal Credit Opportunity Act)

  • Excellent Microsoft Office skills, Word, Excel, PowerPoint.

  • Excellent verbal, written, and interpersonal skills.

  • Strong analytical skills with high attention to detail and accuracy.

  • Ability to interact with all levels of an organization.

  • Ability to deliver dynamic presentations to business clients and leadership.

  • Ability to deliver results with speed and agility.

  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment.

  • 7+ years of experience in merchant services, payments, regulatory, compliance, or fraud and/or operational risk management.

  • APRP, CAMS, or CRCM Certification is preferred.

  • Bachelor’s degree in Business or related field; Master's degree preferred.

  • Experience applying BSA/AML guidance in non-traditional bank settings to address unique risks posed by Fintech firms and Challenger banks.

  • Experience with sponsorship bank programs.

  • Experience with building policies and procedures.

  • Demonstrated ability to work effectively with management to establish risk guidelines.

SALARY RANGE:$111,334.08 - 161,940.48 USD ; Exact compensation may vary based on skills, experience, and location.

About the job

Overview

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 through more than 70 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, as well as full-stack payment processing solutions through its subsidiary, Deepstack Technologies. 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.

Job Summary

Payments is an exciting growth area within Banc of California and we’re looking for a VP, Payments Compliance to join our team. If you are a disciplined self-starter with strong leadership skills and have experience in the payments system and knowledge of Payment Network compliance, then this is the opportunity for you! We are looking for an energetic leader with experience building frameworks and processes to assess risk for new business, partnerships, and products. The ideal person should be passionate about enabling the business to drive scale through strong risk assessment methodology, collaboration, and defining business requirements from a risk perspective.

The VP, Payments Compliance leader will play a large role in the ever-evolving payments system. This role will be responsible for designing and managing Banc of California’s Payments compliance strategy for its Card acquiring and issuing businesses, and oversight and management of risk/compliance within the company’s merchant, acquiring and issuing portfolios. Develop the initial roadmap to manage and maintain compliance with Payment Network rules and applicable regulatory requirements.

Responsibilities

  • Lead the process of drafting, updating, maintaining Fraud, BSA/AML, and Card network rules and programs, and procedures as they related to Card Acquiring and Issuing.

  • Demonstrate a comprehensive understanding of all card brand rules and network regulations related to card issuance and acceptance activities.

  • Implement and maintain processes to ensure the Bank, program managers, processors, and other agents comply with Federal, State and network rules and regulations and Bank policies/procedures.

  • Ensure that all BSA/AML and other compliance monitoring aspects of card programs are appropriately completed.

  • Implement and maintain a transaction monitoring model and decision alerts within predetermined SLAs.

  • Prepares reports to be used by various oversight and governance committees to understand Payments risk and other related activities and trends.

  • Coordinate regulatory exams and independent audits.

  • Conduct independent periodic oversight of operational and financial internal controls.

  • Prepare reports to be used by various oversight and governance committees to understand BSA risk and other related activities and trends.

  • Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.

  • 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.

  • 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.

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.

Qualifications

  • Knowledge and understanding of Card Brand Requirements for Card Acquiring and Issuing.

  • Payment Card Industry (PCI) requirements.

  • Capable of overseeing ongoing compliance and monitoring of banks program partners.

  • Problem-solving and decision-making skills, with the ability to analyze complex information to identify the critical issue and drive resolution.

  • 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: Bank Secrecy Act (BSA) in conjunction with the USA PATRIOT Act, Anti-Money Laundering (AML) and Right to Financial Privacy Act (RFPA, state and federal), Regulation Z (Truth in Lending Act), Regulation B (Equal Credit Opportunity Act)

  • Excellent Microsoft Office skills, Word, Excel, PowerPoint.

  • Excellent verbal, written, and interpersonal skills.

  • Strong analytical skills with high attention to detail and accuracy.

  • Ability to interact with all levels of an organization.

  • Ability to deliver dynamic presentations to business clients and leadership.

  • Ability to deliver results with speed and agility.

  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment.

  • 7+ years of experience in merchant services, payments, regulatory, compliance, or fraud and/or operational risk management.

  • APRP, CAMS, or CRCM Certification is preferred.

  • Bachelor’s degree in Business or related field; Master's degree preferred.

  • Experience applying BSA/AML guidance in non-traditional bank settings to address unique risks posed by Fintech firms and Challenger banks.

  • Experience with sponsorship bank programs.

  • Experience with building policies and procedures.

  • Demonstrated ability to work effectively with management to establish risk guidelines.

SALARY RANGE:$111,334.08 - 161,940.48 USD ; Exact compensation may vary based on skills, experience, and location.

About the job

Overview

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 through more than 70 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, as well as full-stack payment processing solutions through its subsidiary, Deepstack Technologies. 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.

Job Summary

Payments is an exciting growth area within Banc of California and we’re looking for a VP, Payments Compliance to join our team. If you are a disciplined self-starter with strong leadership skills and have experience in the payments system and knowledge of Payment Network compliance, then this is the opportunity for you! We are looking for an energetic leader with experience building frameworks and processes to assess risk for new business, partnerships, and products. The ideal person should be passionate about enabling the business to drive scale through strong risk assessment methodology, collaboration, and defining business requirements from a risk perspective.

The VP, Payments Compliance leader will play a large role in the ever-evolving payments system. This role will be responsible for designing and managing Banc of California’s Payments compliance strategy for its Card acquiring and issuing businesses, and oversight and management of risk/compliance within the company’s merchant, acquiring and issuing portfolios. Develop the initial roadmap to manage and maintain compliance with Payment Network rules and applicable regulatory requirements.

Responsibilities

  • Lead the process of drafting, updating, maintaining Fraud, BSA/AML, and Card network rules and programs, and procedures as they related to Card Acquiring and Issuing.

  • Demonstrate a comprehensive understanding of all card brand rules and network regulations related to card issuance and acceptance activities.

  • Implement and maintain processes to ensure the Bank, program managers, processors, and other agents comply with Federal, State and network rules and regulations and Bank policies/procedures.

  • Ensure that all BSA/AML and other compliance monitoring aspects of card programs are appropriately completed.

  • Implement and maintain a transaction monitoring model and decision alerts within predetermined SLAs.

  • Prepares reports to be used by various oversight and governance committees to understand Payments risk and other related activities and trends.

  • Coordinate regulatory exams and independent audits.

  • Conduct independent periodic oversight of operational and financial internal controls.

  • Prepare reports to be used by various oversight and governance committees to understand BSA risk and other related activities and trends.

  • Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.

  • 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.

  • 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.

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.

Qualifications

  • Knowledge and understanding of Card Brand Requirements for Card Acquiring and Issuing.

  • Payment Card Industry (PCI) requirements.

  • Capable of overseeing ongoing compliance and monitoring of banks program partners.

  • Problem-solving and decision-making skills, with the ability to analyze complex information to identify the critical issue and drive resolution.

  • 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: Bank Secrecy Act (BSA) in conjunction with the USA PATRIOT Act, Anti-Money Laundering (AML) and Right to Financial Privacy Act (RFPA, state and federal), Regulation Z (Truth in Lending Act), Regulation B (Equal Credit Opportunity Act)

  • Excellent Microsoft Office skills, Word, Excel, PowerPoint.

  • Excellent verbal, written, and interpersonal skills.

  • Strong analytical skills with high attention to detail and accuracy.

  • Ability to interact with all levels of an organization.

  • Ability to deliver dynamic presentations to business clients and leadership.

  • Ability to deliver results with speed and agility.

  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment.

  • 7+ years of experience in merchant services, payments, regulatory, compliance, or fraud and/or operational risk management.

  • APRP, CAMS, or CRCM Certification is preferred.

  • Bachelor’s degree in Business or related field; Master's degree preferred.

  • Experience applying BSA/AML guidance in non-traditional bank settings to address unique risks posed by Fintech firms and Challenger banks.

  • Experience with sponsorship bank programs.

  • Experience with building policies and procedures.

  • Demonstrated ability to work effectively with management to establish risk guidelines.

SALARY RANGE:$111,334.08 - 161,940.48 USD ; Exact compensation may vary based on skills, experience, and location.

About the job

Overview

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 through more than 70 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, as well as full-stack payment processing solutions through its subsidiary, Deepstack Technologies. 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.

Job Summary

Payments is an exciting growth area within Banc of California and we’re looking for a VP, Payments Compliance to join our team. If you are a disciplined self-starter with strong leadership skills and have experience in the payments system and knowledge of Payment Network compliance, then this is the opportunity for you! We are looking for an energetic leader with experience building frameworks and processes to assess risk for new business, partnerships, and products. The ideal person should be passionate about enabling the business to drive scale through strong risk assessment methodology, collaboration, and defining business requirements from a risk perspective.

The VP, Payments Compliance leader will play a large role in the ever-evolving payments system. This role will be responsible for designing and managing Banc of California’s Payments compliance strategy for its Card acquiring and issuing businesses, and oversight and management of risk/compliance within the company’s merchant, acquiring and issuing portfolios. Develop the initial roadmap to manage and maintain compliance with Payment Network rules and applicable regulatory requirements.

Responsibilities

  • Lead the process of drafting, updating, maintaining Fraud, BSA/AML, and Card network rules and programs, and procedures as they related to Card Acquiring and Issuing.

  • Demonstrate a comprehensive understanding of all card brand rules and network regulations related to card issuance and acceptance activities.

  • Implement and maintain processes to ensure the Bank, program managers, processors, and other agents comply with Federal, State and network rules and regulations and Bank policies/procedures.

  • Ensure that all BSA/AML and other compliance monitoring aspects of card programs are appropriately completed.

  • Implement and maintain a transaction monitoring model and decision alerts within predetermined SLAs.

  • Prepares reports to be used by various oversight and governance committees to understand Payments risk and other related activities and trends.

  • Coordinate regulatory exams and independent audits.

  • Conduct independent periodic oversight of operational and financial internal controls.

  • Prepare reports to be used by various oversight and governance committees to understand BSA risk and other related activities and trends.

  • Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.

  • 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.

  • 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.

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.

Qualifications

  • Knowledge and understanding of Card Brand Requirements for Card Acquiring and Issuing.

  • Payment Card Industry (PCI) requirements.

  • Capable of overseeing ongoing compliance and monitoring of banks program partners.

  • Problem-solving and decision-making skills, with the ability to analyze complex information to identify the critical issue and drive resolution.

  • 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: Bank Secrecy Act (BSA) in conjunction with the USA PATRIOT Act, Anti-Money Laundering (AML) and Right to Financial Privacy Act (RFPA, state and federal), Regulation Z (Truth in Lending Act), Regulation B (Equal Credit Opportunity Act)

  • Excellent Microsoft Office skills, Word, Excel, PowerPoint.

  • Excellent verbal, written, and interpersonal skills.

  • Strong analytical skills with high attention to detail and accuracy.

  • Ability to interact with all levels of an organization.

  • Ability to deliver dynamic presentations to business clients and leadership.

  • Ability to deliver results with speed and agility.

  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment.

  • 7+ years of experience in merchant services, payments, regulatory, compliance, or fraud and/or operational risk management.

  • APRP, CAMS, or CRCM Certification is preferred.

  • Bachelor’s degree in Business or related field; Master's degree preferred.

  • Experience applying BSA/AML guidance in non-traditional bank settings to address unique risks posed by Fintech firms and Challenger banks.

  • Experience with sponsorship bank programs.

  • Experience with building policies and procedures.

  • Demonstrated ability to work effectively with management to establish risk guidelines.

SALARY RANGE:$111,334.08 - 161,940.48 USD ; Exact compensation may vary based on skills, experience, and location.

Pacific Western Bank

Santa Ana, CA

Visit Company Website

Pacific Western Bank

Santa Ana, CA

Visit Company Website

Pacific Western Bank

Santa Ana, CA

Visit Company Website

Pacific Western Bank

Santa Ana, CA

Visit Company Website

About Company

It’s official! Pacific Western Bank has merged with Banc of California. Please follow the Banc of California LinkedIn account for all the latest merger and conversion news and updates. Follow Banc of California: https://www.linkedin.com/company/banc-of-california

Total Employees

2,145

Company 2-Year Growth

7%

Median Employee Tenure

5.6 years