Collateral Risk Manager

Amalgamated Bank of NY•New York, NY

About The Position

The Collateral Risk Manager supports the Credit Risk Management department by managing procurement, coordination, and administration of third-party collateral reports including appraisals, environmental reports, and Property Condition Reports (PCRs/PCAs) for commercial real estate lending and portfolio management. The role emphasizes workflow management, vendor communication, appraisal review, invoice processing, and regulatory compliance.

Requirements

Minimum 7 years of experience appraising and/or reviewing.
Minimum 4 years of experience working in regulated financial institution.
Must have clear understanding of USPAP
Strong administrative and organizational skills.
Proficiency in Excel, Word, and workflow systems.
Experience coordinating 3rd party vendors
High attention to detail and accuracy.
Certified General appraisal license.

Nice To Haves

Proficiency with Collateral 360.
Familiarity with environmental due diligence and PCR reporting.
Expertise in NYC Multifamily tax benefits.

Responsibilities

Manage the ordering of third-party due diligence reports including, appraisals, environmental reports, and PCR/engineering assessments.
Prepare engagement letters following internal and regulatory requirements.
Coordinate timelines, scope details, and deliverables with vendors.
Track report progress and provide updates to internal stakeholders.
Direct the appraisal lifecycle: scoping, vendor assignment, review, and acceptance.
Maintain valuation independence structures and enforce regulatory firewalls.
Evaluate 3rd party reviews for credibility, regulatory compliance, and methodological soundness.
Lead coordination of resolution matters with 3rd party providers including appraisers & reviewers.
Maintain vendor documentation including licenses, E&O insurance, and compliance materials.
Assist with onboarding new valuation, environmental, and engineering vendors.
Track vendor performance issues and escalate as appropriate.
Receive, validate, and process third-party vendor invoices.
Resolve billing discrepancies and coordinate with Accounts Payable.
Maintain job dissemination and invoice records for audit support.
Keep accurate pipeline trackers and workflow logs.
Update internal systems with delivery dates, vendor notes, and completed reports.
Support the Senior Credit Officer / Chief Appraiser in Policy enhancements, preparing audit exhibits, and Board materials.
Provide professional communication and support to internal and external partners.
Responsiveness within the CRM group and the lending team is a must.