Collateral Review Specialist
About The Position
The Collateral Review Specialist oversees the bank’s collateral review process for pledging loans to the Federal Home Loan Bank (FHLB) and the Federal Reserve Bank (FRB). This role helps maintain access to contingent funding sources and ensures compliance with regulatory and institutional guidelines. The specialist reviews loan files and originations, monitors pledged collateral, submits required reports and certifications, maintains loan coding and collateral records, and coordinates resolution of documentation deficiencies. The role also supports audits, stress testing, and contingency funding planning related to pledged assets.
Requirements
- High school diploma or equivalent required.
- Prior experience in loan operations, credit administration, or a related banking function required.
- Intermediate working knowledge of loan documentation for consumer, commercial, and real estate-secured loans.
- Intermediate knowledge of regulatory requirements related to contingent funding and liquidity risk management.
- Intermediate understanding of FHLB and Federal Reserve collateral eligibility requirements.
- Intermediate proficiency with Microsoft Excel.
- Intermediate proficiency with core banking and document imaging systems.
- Intermediate organizational skills.
- Intermediate time-management skills.
- Intermediate analytical skills.
- Intermediate written and verbal communication skills.
Nice To Haves
- Bachelor’s degree in business, finance, or a related field preferred.
- Prior experience submitting QCRs or managing a loan collateral pledge program preferred.
Responsibilities
- Review and evaluate new loan originations to determine eligibility for FHLB and FRB pledging.
- Conduct in-depth file audits to verify promissory notes, security instruments, insurance, title policies, and legal descriptions.
- Monitor pledged loan collateral for continued compliance with FHLB and FRB guidelines.
- Prepare and submit accurate, timely Qualified Collateral Reports (QCRs) according to FHLB schedules and requirements.
- Prepare and submit accurate, timely monthly certifications according to FRB schedules and requirements.
- Update coding in the DNA system in a timely manner for pledging reviews on individual loan files.
- Track and reconcile pledged loan pools and outstanding collateral balances.
- Coordinate with lenders, loan operations, and compliance teams to correct documentation deficiencies or update loan files.
- Stay current with changes in FHLB and FRB collateral eligibility requirements and recommend process improvements as needed.
- Support internal and external audits or reviews related to loan pledging.
- Assist with stress testing and contingency funding planning related to pledged assets.
Benefits
- Medical insurance
- Dental insurance
- Vision insurance
- Life insurance
- Disability coverage
- Other voluntary benefits
- 401(k)
- Paid time off
- Paid holidays
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Education Level
High school or GED
