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). The role helps maintain access to contingent funding sources and ensure compliance with regulatory and institutional guidelines. The specialist reviews new loan originations for FHLB and FRB pledging eligibility; audits loan files and documentation; monitors pledged collateral; prepares required reports and certifications; maintains loan coding and collateral records; and coordinates with internal teams to resolve 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, time-management, analytical, written communication, and verbal communication skills.
- Ability to stand, walk, bend, and stoop; sit at a desk for long periods and use a computer; and occasionally move or lift up to 10 pounds.
- May be asked to work supplemental hours periodically.
- Limited travel is required occasionally during and after business hours.
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 documentation, including 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 the FRB schedule and requirements.
- Update coding in the DNA system promptly 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 in stress testing and contingency funding planning related to pledged assets.
Benefits
- Eligible associates may participate in Carter Bank’s benefits package, including medical, dental, vision, life insurance, disability coverage, other voluntary benefits, 401(k), paid time off, and paid holidays.
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What This Job Offers
Job Type
Full-time
Education Level
High school or GED
