Collateral Custody Specialist - Salt Lake City
Zions Bancorporation•Salt Lake, UT
•Onsite
About The Position
Zions Bancorporation is seeking a Collateral Custody Specialist for its Asset Based Lending department. This role is responsible for the safekeeping, verification, and ongoing management of collateral perfection documentation for Non-Depository Financial Institution (NDFI) and private credit related transactions utilizing borrowing base lending structures. The Specialist will also monitor and manage other types of collateral as necessary, ensuring all collateral documents are properly perfected, documented, housed, and safeguarded throughout the life of the loan.
Requirements
- Requires a High School diploma or Equivalent. A combination of education and experience may meet job requirements.
- Experience in loan documentation, collateral document management, banking, asset-based lending processes, or other directly related experience.
- Familiarity with collateral perfection documentation, UCC filings, UCC searches, document custody, collateral release processes, and borrowing base information related to private credit or NDFI transactions.
- Strong organizational skills, attention to detail.
- Ability to organize, maintain, review, validate, and monitor collateral records in approved physical and electronic storage locations.
- Working knowledge of computer software applications, including Excel, Word, PowerPoint, and Access.
Nice To Haves
- Employee Ambassador preferred banking products
Responsibilities
- Evaluate, recognize, and safe keep collateral perfection documents consistent with Bank policy, and regulatory requirements.
- Support pre-closing perfection documentation verification and provide Lenders and Credit Administration with details of collateral that meets perfection requirements for lending purposes.
- Review Borrowing Base Certificate submissions and reconcile to collateral eligibility and documentation support.
- Coordinate with borrowers, approved third-party custodians, collateral vault suppliers, and lenders regarding the collateral documentation, custody, verification, and safekeeping.
- Manage the additions and releases of collateral perfection documents.
- Perform periodic audits and reviews to confirm all related information reconcile.
- Identify, document, and escalate collateral documentation exceptions, discrepancies, deficiencies, custody issues, and other matters requiring remediation.
- Perform other duties as assigned.
Benefits
- Medical, Dental and Vision Insurance - START DAY ONE!
- Life and Disability Insurance
- Paid Parental Leave and Adoption Assistance
- Health Savings (HSA)
- Flexible Spending (FSA) and dependent care accounts
- Paid Training
- Paid Time Off (PTO)
- 11 Paid Federal Holidays, and any applicable state holidays
- 401(k) plan with company match
- Profit Sharing
- competitive compensation in line with work experience
- Mental health benefits including coaching and therapy sessions
- Tuition Reimbursement for qualifying employees enrolled in an accredited degree program related to the needs of the business
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
