Banc of California · 3 months ago
AVP, Model Validation
Santa Ana, California, United States
Full-time
Onsite
Mid Level
$36.06/hr - $54.09/hr
3+ years expBanc of California is a bank holding company focused on providing banking and treasury management services to various businesses. The Assistant Vice President, Model Validation will assist in model risk management, conducting model validations, and preparing validation reports based on regulatory guidelines and best practices.
BankingFinanceFinancial Services
Responsibilities
Conduct model validations on the Bank’s models, both in-house and vendor models, based on regulatory guidelines, the Bank’s model risk management policy and procedure, and the industry’s leading practices
Assist in evaluating model assumptions and weaknesses, data relevancy and completeness, conceptual soundness, modeling methodology, outcome analysis, etc
Assist in preparing a model validation report that meets the Model Risk Management’s expectations, based on the evaluation of the model, including backtesting, sensitivity testing, benchmarking, etc. and include a conclusion based on the review
Assist in model validation findings monitoring, reporting, and evaluating the corrective actions
Conduct model annual reviews including process verification, performance monitoring, degree of changes, etc. and document the findings and comments in the annual review report
Support senior managers to communicate findings and recommendations from model validation report to model owners and model users
Work closely with model owners and model users to understand the model use and business applications
Review on-going model monitoring report, identify potential model risks; document the findings
Treat people with respect; keep commitments; inspire the trust of others; work ethically and with integrity; uphold organizational values; accept 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
Qualification
Required
3+ years of experience in model validation or model development in the banking industry or consulting
Bachelor's in Economics, Finance, Mathematics or other related quantitative fields
Familiarity with model documentation requirements that meets regulatory expectations
Strong written and verbal communication skills
Familiarity with dealing with large data set
Experience with model validation
Proficiency in statistical programming skills such as in Python / R
Strong organizational, written and verbal communication skills
Ability to work independently and collaboratively
Ability to interface effectively and professionally with senior level management
Ability to multi-task several projects at once
Excellent attention to detail and accuracy
Excellent organizational and time management skills
Proven ability to use Microsoft Office Suite (Outlook, Excel, MS Word, and PowerPoint)
Creative and strategic thinker capable of analyzing information/processes to determine overall trends and make appropriate conclusions
Review and be knowledgeable of departmental and human resource's policies & procedures
Preferred
Experience with BSA/OFAC, Payment, or Merchant Acquiring/Card Issuing model validation
Familiarity with AI/ML models
Benefits
You will be eligible to participate in the company’s 401k plan which includes a company match and immediate vesting.
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).
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.
Eligible team members receive paid vacation days, holidays, and volunteer time off.
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.
Company
Banc of California
Banc of California provides a full-service banking and home lending to individuals and their businesses and families.
1001-5000 employees
H1B Sponsorship
Banc of California has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (5)
2024 (1)
2023 (1)
Funding
Current Stage
Public CompanyTotal Funding
$20MKey Investors
Patriot Financial Partners
2013-12-05Post Ipo Equity· $20M
2002-08-23IPO
Leadership Team
Ken McMullen
Treasurer
Recent News
2026-01-22
Benzinga.com
2026-01-07
2025-12-08
Company data provided by crunchbase