BSA/OFAC Quality Control Specialist

Banc of California, Inc.; Santa Ana (CA); On-site; USD 74,000 - 90,000; Full time

Job summary

Banc of California, Inc. is seeking a BSA/AML/OFAC QC Specialist in California. The role focuses on QC reviews of FinCEN reports, Know Your Customer reviews, and AML screening, ensuring accuracy, timeliness, and proper documentation across regulatory filings.

The position requires 4–5 years in QC/audit within BSA/AML/OFAC, with strong FinCEN knowledge, and advanced MS Office skills. Competitive compensation and comprehensive benefits are offered.

Qualifications

• Minimum 4–5 years in QC/Audit within BSA/AML/OFAC.
• Experience in financial institution or forensic accounting.
• Strong knowledge of FinCEN reporting requirements.
• Excellent verbal and written communication skills.

Responsibilities

• Perform timely QC reviews of FinCEN reporting and document results.
• Stay current on FinCEN changes and update procedures as needed.
• Review underlying transactions and ensure data reconciles with core systems.
• Escalate issues to management when further investigation is needed.
• Provide feedback on analyst performance and assist with board reporting.
• Support development of the QC program and suggest process improvements.

Skills

BSA/AML/OFAC knowledge

FinCEN reporting understanding

Regulatory quality control

Analytical thinking

Education

High school diploma or equivalent

Tools

Microsoft Office

Job description

• Pay or shift range: $74,000 USD to $90,000 USD
  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.
• Risk, Compliance & Controls
• Full-Time
• Requisition #: BSAOF005172

Description

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 BSA/OFAC QC Specialist performs quality control reviews of the Bank’s Financial Crimes Enforcement Network reporting, including Suspicious Activity Reports, Currency Transaction Reports, and Designation of Exempt Person Reports, as well as work products from AML and OFAC Operations, Know Your Customer reviews, and first-level OFAC dispositions completed by other business units. This role ensures regulatory reports are accurate, complete, timely, supported by case files and workpapers, and reconciled with Bank data; documents technical errors and provides timely feedback to management; and reviews additional regulatory filings using knowledge of applicable FinCEN filing requirements. 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

• Perform timely quality control reviews of Bank reporting to FinCEN and other regulatory agencies, as appropriate, and document the reviews in accordance with internal procedures.
• Remain current on changes to FinCEN reporting requirements. When requirements change, review existing Technical Quality Control Procedures and Technical Quality Control Checklists and recommend appropriate changes to management.
• Perform detailed technical reviews of underlying customer transactions warranting FinCEN reports and ensure data reconciles with the Bank’s core system, AML transaction monitoring system, and other applicable Bank systems.
• Ensure each reportable event is appropriately identified on the FinCEN report and that the underlying case file or workpapers support the reported activity.
• Ensure all reportable activity is appropriately captured on the FinCEN report. Immediately escalateto management when additional follow-up or further investigation is needed.
• Conduct quality control reviews of Know Your Customer reviews, transaction monitoring alerts and cases, OFAC alerts, and AML screening alerts, including negative news, politically exposed persons, and Section 314(a) alerts, to ensure dispositions are fully supported and investigations and reviews are completed in accordance with applicable procedures.
• Demonstrate a detailed understanding of the computer systems used to perform and document technical quality control reviews.
• Communicate FinCEN reporting issues and trends to management.
• Provide management with regular, constructive feedback concerning analyst work performance for quality purposes.
• Assist with reporting quality control results for management and Board-level reporting.
• Assist with the further development of the quality control program and make recommendations regarding effective procedures, as requested.
• Stay abreast of developments concerning BSA/AML, fraud schemes, and sanctions issues.
• Follow all established policies and procedures.
• Perform other duties and projects as assigned.

WHAT YOU’LL BRING

• A minimum of four to five years of quality control, testing, audit, or examination experience within a BSA/AML/OFAC department.
• Work experience in a financial institution, public accounting firm, or forensic accounting firm, with job-specific technical experience in AML.
• Strong knowledge of FinCEN reporting requirements.
• Established business knowledge and understanding of financial products.
• Ability to understand and review conclusions from underlying research.
• Intermediate proficiency in personal computer operations and Microsoft Office applications, including Word, Excel, PowerPoint, and Outlook.
• Intermediate mathematical skills, including calculating interest and percentages; balancing accounts; adding, subtracting, multiplying, and dividing using whole numbers, common fractions, and decimals; locating routine mathematical errors; computing rates, ratios, and percentages; and drafting and interpreting bar graphs.
• Effective organizational and time-management skills.
• Exceptional oral, written, and interpersonal communication skills.
• Ability to make decisions that have a moderate impact on the immediate work unit and cross-functional departments.
• Ability to organize and prioritize short-term and long-term work schedules.
• Ability to provide consultation and expert advice to management.
• Ability to deliver informal and formal presentations inside and outside the organization, including presentations to assigned teams or other groups as needed.
• Ability to address complex and difficult problems involving multiple facets and variables in non-standardized situations.
• Ability to perform duties with little to no supervision.
• 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.

Equal Opportunity Employer
The employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.