Collateral Specialist Senior

City National Bank • Los Angeles, CA

9h • $22 - $33

About The Position

The position plans, organizes, and controls the day-to-day administrative and operational compliance of Collateral Management and Maintenance activities. Ensures that activity tracking is in conformity with regulatory/government requirements. Coordinate efforts with other business units to identify and resolve processing issues. This position calls for high level interaction with Bank management, and government regulatory agencies.

Requirements

• Minimum 5 years of experience working in documentation or a bank servicing department
• Minimum 5 years of experience in analyzing loan documents and credit approval documents.
• Minimum 2 years of experience with MS Office Suite
• Must be able to process and handle large volumes ensuring quick turnaround
• Familiarity with the commercial and consumer lending regulations
• Education: Associates Degree or higher.
• Strong Microsoft Office suite knowledge,
• Strong math/accounting, data analysis and business writing skills
• Strong research and analytical skills
• Ability to quickly adapt to and become proficient in disparate loan processing systems
• Must be able to resolve Issues of high complexity
• Candidate for this position must be able to analyze commercial and consumer notes and credit memorandum.
• Candidates must have a strong documentation and collateral background.

Responsibilities

• Responsible for analyzing, reviewing and approving various collateral management and maintenance activities, including demand/payoff requests and release documents / reconveyances of paid loans.
• Collaborates with the Compliance Department and Legal in the overall administration of the related directives for the Bank
• Participates in audits and examinations on behalf of the Collateral Management Department
• Responsible for ensuring compliance with assigned Bank policies and procedures; as well as, with the applicable state and federal banking regulations
• Provides guidance and direction to line of business partners and peers within Lending Operations.
• Maintains a proficient knowledge of applicable banking regulations.
• Interface with Internal Audit, Compliance and external regulatory agencies such as the CFPB and OCC.
• Identifies and mitigates potential issues; interacts with Bank personnel including audit and compliance pertaining to remediation issues.
• Responsible for data integrity across vendor systems for all loan data entered and reviewed.
• Consult with Legal and Credit Administration Department to validate policies and to identify and document process and procedure improvement.
• Manage Special Projects independently.
• Processes, solves and answers complex customer issues, problems or inquiries.
• Assumes responsibility for special monitoring/quality assurance projects, gathers data and prepares reports for Senior Management, audits and other personnel.
• Maintain a proactive, committed approach to such programs as Customer first, Community Reinvestment Act (CRA) and Equal Employment Opportunity.

Benefits

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
• Career Mobility support from a dedicated recruitment team
• Colleague Resource Groups to support networking and community engagement

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree