Insurance Company Collateral Review Manager

Federal Home Loan Bank of Des Moines•Des Moines, IA

2d•Hybrid

About The Position

Responsible for managing the Bank’s Member Collateral Verification (MCV) loan review program for Non-Depository members, including verifying the existence, quality and eligibility of pledged loan collateral, validating pledge data accuracy and providing member collateral education. The role involves selecting, managing, and developing high-performing employees who apply critical analysis, proactive risk management, and thoughtful member support through the MCV program. Ensuring staff are properly trained and fostering a growth mindset and intellectual curiosity are key. The position also requires managing and approving fieldwork results, assisting in the development and maintenance of the MCV schedule, and contributing to MCV processes and procedures. Compliance with Bank policies, procedures, and applicable laws and regulations is essential, as is reporting any known or suspected violations. Collaboration with the Director to support collateral education programs, participation in reviews, and development of internal controls are also part of the role. The manager will provide technical assistance to members regarding collateral practices and policy interpretation, use expertise in insurance-industry loan structures to assess collateral risk, monitor insurance company member loan portfolios using data analytics, and execute procedures related to non-depository MCV and Data Validation Review (DVR). Assistance with general MCV needs, including depository member reviews, is also expected.

Requirements

Bachelor’s degree in finance, accounting or related field, or equivalent work experience required
Experience with CREF C and other reporting requirements within the Insurance industry required
7+ years’ experience in banking and/or insurance industry-related aspects including loan underwriting, financial analysis and documentation standards, valuation methodologies, loan servicing and monitoring practices
Experience with complex commercial mortgage loans, participations and swaps required
Strong interpersonal and customer service skills with the ability to interact effectively with individuals at all levels within a financial institution
Strong verbal, written, and presentation skills including the ability to communicate high-level strategies and operational performance clearly to internal stakeholders and the membership
Strong computer skills including Microsoft Excel and Word
Valid driver’s license and excellent driving record

Nice To Haves

Federal Home Loan Bank experience preferred
Five or more years cultivating teams of high-performing professionals in the financial industry preferred
experience with SQL a plus

Responsibilities

Select, manage and develop high-performing employees that apply critical analysis, proactive risk management and thoughtful member support through the MCV program of pledged loan collateral reviews.
Ensure MCV staff are properly trained and operate with a growth mindset and intellectual curiosity.
Manage, review and approve results of fieldwork for Non-Depository reviews.
Assist in the development of the master MCV schedule used to identify members for review per framework; maintain updates to the master review schedule; approve schedule revisions, as needed.
Contribute to the development of and adherence with MCV processes and procedures.
Manage staff and activities in compliance with Bank policies and procedures and applicable laws and regulations.
Report known or suspected violation of law, regulation, policy or procedure to appropriate levels of management.
Collaborate with the Director to support the implementation of collateral education programs, providing logistical support and reinforcing key messages with members.
Participate in Non-Depository MCV reviews as necessary.
Participate in developing, implementing, assessing and improving effective internal controls.
Report known or suspected violation of internal controls to appropriate levels of management.
Provide technical assistance to members regarding collateral practices, interpretation and application of credit and collateral policy and procedures.
Use expertise in insurance-industry loan structures, underwriting, lien perfection, and valuation to assess collateral risk and support decision-making.
Monitor insurance company member loan pledge portfolio and risk management using data analytics.
Execute in-place procedures and adhere to in-place risk management governance as it relates to non-depository MCV and Data Validation Review (DVR) requirements.
Assist general MCV needs, including depository member MCVs and risk management of such.
Perform other duties and projects as assigned.