Edd Investigator

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**

**Responsibilities**:

- Promotes a risk-aware culture, ensures efficient and effective risk and compliance management practices by adhering to required standards and processes.
- If aligned to support the Payments business
Conduct Know Your Customer (KYC), Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), Customer Risk Rating (CRR) and other financial crimes and regulatory compliance reviews on (sub)merchants and PFs/ISOs.
Perform ongoing periodic reviews of (sub)merchants and PFs/ISOs.
Contact PFs/ISOs as necessary to verify information and documentation presented in underwriting package.
Maintain records of all underwriting performed, including communications with internal and external partners.
- Reviews documentation for existing customers to identify, assess and mitigate KYC risks.
- Performs investigations into ownership and control to identify all ultimate beneficial owners for KYC risk management purposes.
- Utilizes investigative techniques and tools to perform Enhanced Due Diligence by verifying the customer’s identity, reviewing their background, assessing the associated risks, analyzing transactional data, and compiling due diligence files.
- Conduct investigative/intelligence research of individuals, entities, and/or events related to current or prospective customers through public records, open source media, vendor systems, or other research tools.Responsible for communicating with internal and external entities, members of the sales team and other risk units.
- Responsible for submitting Requests for Information (“RFIs”) to the front lines to identify additional information in support of the due diligence investigation and follow-ups to ensure timely receipt.
- Draft assessment summaries and other written investigative/intelligence products to support judgments, decisions and recommendations.
- Interacts with peers, all levels of management and other internal or external constituents in order to deliver comprehensive views on investigative and intelligence matters.
- Alerts management of potentially suspicious findings.
- Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
- Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.
- 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.
- 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.

Qualifications:

- 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).
- Analytical mindset with a critical, investigative approach to problem solving.
- Detail oriented coupled with a high level of curiosity and risk awareness.
- Superior knowledge of Excel, writing and mathematical ability.
- Thorough understanding of macroeconomic theory.
- Strong data analysis skills and high attention to detail.
- Strong fixed income k