22 days old

Senior Associate, SOX Compliance

Banc Of California
Santa Ana, CA 92701
  • Job Code

Senior Associate, SOX Compliance

Banc of California, Inc. (NYSE: BANC) is a bank holding company with approximately $8 billion in assets and one wholly-owned banking subsidiary, Banc of California, N.A. (the Bank). With our 600+ dedicated professionals, we provide customized and innovative banking and lending solutions to businesses, entrepreneurs and individuals throughout California. We proudly partner with community organizations that provide financial literacy, job training, small business support, and affordable housing to help improve the communities where we live and work. With a commitment to service and building enduring relationships, we provide a higher standard of banking.

Responsible for implementing the banks annual strategic SOX plan initiatives in compliance with the Sarbanes-Oxley (SOX) Act. Works closely with the business stakeholders to ensure that control documentation is maintained, assertions performed and that findings related to Internal Controls over Financial Reporting (ICOFR) are assessed and reported to management. Carries out responsibilities by working with a mix of direct, indirect and co-sourced team members to perform all SOX-related activities in accordance with the Banks annual SOX plan and methodology. Works with all levels of management, internal department personnel, and co-source provider to identify control weaknesses, perform control testing, and communicate audit findings to management in an objective manner. Assist in completing key entity level assessments, such as the annual SOX Risk Assessment and annual Fraud Risk Assessment. Collaborate with external consultants as needed. Ensures the performance of all duties in accordance with the companys policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates.


  1. Assists SVP, SOX Compliance Director in planning and executing the banks annual SOX management strategic plan in collaboration with executive management.
  2. Assists with key entity-level assessments, such as the annual SOX Risk Assessment and annual Fraud Risk Assessment.
  3. Coordinates and leads process walkthroughs and performs Test of Design to ensure that internal controls are designed appropriately.
  4. Performs managements testing of internal controls to validate the operating effectiveness of SOX controls.
  5. Analyzes and documents SOX findings and deficiencies, performs root cause analysis, assesses potential financial statement impact of deficiencies, and assesses remediation plans developed by process owners.
  6. Facilitates the remediation of control deficiencies and escalates possible critical issues to process owners.
  7. Advises process owners in updating their SOX documentation, which includes process maps, key inventories, control descriptions, etc.
  8. Maintains SOX documentation in companys GRC software.
  9. Maintains companys risk management software to track and report control deficiencies.
  10. Supports the development and coordination of the companys Sarbanes-Oxley activities. Communicates and provides accurate reporting to SOX Compliance management and business units.
  11. Collaborates with SOX process owners re: SOX Compliance requirements to increase awareness, understanding and compliance.
  12. Maintains effective and professional relationships with company audit clients, external auditors, and representatives of federal and state regulatory agencies.
  13. Identify areas of opportunity for process improvements and assist the business stakeholders in adequately addressing them.
  14. Maintains a current level of knowledge relating to professional standards and emerging industry and technical developments, including SOX 302/404, GAAP, COSO, and related auditing standards.
  15. Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
  16. 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.
  17. Follows policies and procedures; completes tasks correctly and on time; supports the companys goals and values.
  18. 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 ones own actions and conduct.
  19. 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.


  • Working knowledge of Sections 302 and 404 of the Sarbanes-Oxley Act of 2002 and related requirements for internal controls over financial reporting (ICOFR)
  • Knowledge of the 2013 COSO Framework
  • Knowledge of banking operations, including commercial and residential lending and deposit operations
  • Working knowledge of Microsoft Office applications, including Word, Excel, Visio, PowerPoint
  • Effective organizational and time management skills
  • Exceptional oral, written and interpersonal communication skills
  • Strong analytical skills and ability to quickly grasp business needs and objectives
  • Ability to identify and communicate solutions to complex, time-critical, or recurring business issues
  • Ability to organize and prioritize workstreams effectively and manage multiple projects to meet deadlines
  • Ability to deliver high-quality work product and deliverables
  • Ability to interact with senior and executive management, external auditors, regulators, and vendors
  • Ability to meet deadlines in a fast-paced environment and adapt quickly to change


  • Bachelors degree from an accredited college or university in accounting, finance, business administration, economics, or related field.
  • Five (5) or more years related work experience in an internal audit, control, risk, or compliance role at a mid-size to large bank or financial institution.
  • At least three (3) years related experience in internal control testing and evaluation, preferably in the banking industry.
  • Certified Public Accountant (CPA), Certified Internal Auditor (CIA), or Certified Information Systems Auditor (CISA) a plus. #LI-RS1

Posted: 2021-03-26 Expires: 2021-04-24
Sponsored by:
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Sponsored by:
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Senior Associate, SOX Compliance

Banc Of California
Santa Ana, CA 92701

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