Deposit Operations Specialist

Deposit Operations Specialist

BANC OF CALIFORNIA AND YOUR CAREER Banc of California, Inc. 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 As a Deposit Operations Specialist, you will provide support across multiple Deposit Operations functions. This role performs a variety of operational support functions, including reviewing reports, preparing correspondence, and participating in special projects designated for the department. You will help ensure internal controls, policies, procedures, and mechanisms comply with standard industry practices, regulatory guidelines, and management's recommendations and directions. 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 Core Responsibilities

• Perform clerical tasks such as responding to emails, phone calls, and workflow requests through an electronic ticketing system while maintaining the department's service-level agreements for each function.
• Stay current on all BAI compliance certifications and regulations pertaining to functions serviced in the assigned area, including Regulation CC and Regulation E.
• Provide support on tasks to ensure all deadlines are met.
• Assist other areas as needed due to increased volumes, special projects, and other operational needs.
• Assist with updating and creating job aids and procedures.
• Monitor, maintain, and process transactions related to retirement accounts and brokered certificates of deposit.
• Administer and oversee account activities governed by control agreements, including reviewing agreements, validating account instructions, monitoring account activity, processing maintenance requests, and disposing of funds.
• Monitor and process transactions related to escrow retention accounts, ensuring compliance with applicable agreements and requirements.
• Perform data validation, account monitoring, callback verification procedures, and daily reviews of operational reports to ensure accuracy and mitigate risk.
• Assist with unclaimed property and escheatment processes, including account review, research, reporting, and regulatory compliance activities.
• Follow all established policies and procedures.
• Perform other duties and projects as assigned.

WHAT YOU'LL BRING Three or more years of experience in bank operations, preferably with exposure to multiple deposit functions. Strong understanding of banking systems, transaction processing, and compliance protocols. 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.