ABL Collateral Risk Management

Ocean Bank•Miami, FL

3d•Remote

About The Position

Ocean Bank is seeking an ABL Collateral Risk Management professional for its Asset Based Lending Department. This role leads complex internal and outsourced field examinations, assesses collateral quality and borrowing-base integrity, and helps identify emerging risks across the portfolio. The position partners with clients, internal stakeholders, and third-party examination providers; communicates findings and recommendations; guides field examiners; and strengthens the Bank’s collateral-risk framework through oversight, quality control, and continuous improvement. The role oversees ABL field examinations and collateral monitoring, evaluates third-party examination work, develops examination processes and tools, and supports credit decisions and risk mitigation. It also reviews collateral documentation and perfection matters, manages the field examination budget and invoices, and conducts enhanced reviews and due diligence for higher-risk borrowers or transactions requiring director-level loan committee approval. The position is remote from Miami, Florida.

Requirements

Bachelor’s degree or equivalent in a related field such as Accounting, Business, or Finance; a combination of education and experience will be considered.
At least 6 years of experience as an ABL Field Examiner or auditor at a public accounting firm.
Audit experience across a wide range of client industries and collateral field examination programs.
Strong background and experience with audit methodologies and techniques.
Strong credit skills, knowledge of credit policies, and working knowledge of credit and financial analysis.
Excellent written and verbal communication skills.
Strong time management and organizational skills.
Strong analytical, interpersonal, organizational, written, and verbal communication skills.
Ability to work autonomously and in a team environment.
Computer proficiency with Microsoft Excel, Word, and Outlook.

Responsibilities

Lead and oversee internal and outsourced ABL field examinations across the portfolio, including complex, high-risk, pre-funding, initial, and escalated reviews.
Coordinate examination schedules with clients, internal stakeholders, and third-party providers.
Direct the preparation, review, and quality control of workpapers and reports, ensuring collateral exceptions, ineligibles, reserves, and borrowing-base impacts are accurately supported and documented.
Prepare and review examination reports communicating collateral quality, identified risks, borrowing-base implications, and recommendations.
Evaluate third-party examination scope, testing quality, findings, and required follow-up actions.
Communicate significant findings, collateral exceptions, borrowing-base impacts, and emerging risks to key stakeholders.
Maintain relationships with third-party providers and promote consistent ABL methodology, collateral-testing standards, and reporting expectations.
Develop and enhance audit programs, templates, workpapers, reporting tools, sampling methodologies, and collateral-testing procedures.
Provide training, technical guidance, and review support to field examiners.
Review collateral documentation, security agreements, UCC filings, liens, and control agreements; identify and monitor documentation or perfection exceptions.
Oversee collateral monitoring activities, including insurance coverage, appraisals, lien continuations, collateral releases, loan payoff, account closure, record retention, and file-closing requirements.
Oversee the ABL field examination budget and review, track, and reconcile examination invoices against approved scope and budget.
Lead or support enhanced collateral reviews and due diligence for higher-risk borrowers or transactions requiring director-level loan committee approval.
Maintain and reconcile the ABL watchlist and monitor borrower information, requirements, and risk indicators.
Evaluate industries, business operations, performance drivers, and economic, regulatory, and technical developments that may affect collateral quality and the Bank’s risk position.