Collateral Review Specialist

SUMMARY:
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 is critical in ensuring our institution maintains access to contingent funding sources and complies with all regulatory and institutional guidelines.

ESSENTIAL JOB FUNCTIONS:

Review and evaluate new loan originations to determine eligibility for FHLB and FRB pledging
Conduct in-depth file audits to verify documentation such as promissory notes, security instruments, insurance, title policies, and legal descriptions
Monitor pledged loan collateral to ensure it remains compliant with FHLB and FRB guidelines
Prepare and submit accurate and timely Qualified Collateral Reports (QCRs) in accordance with FHLB schedules and requirements
Prepare and submit accurate and timely monthly certifications in accordance with the FRB schedule and requirements
Update coding in DNA system timely for pledging reviews on each individual loan file
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 efforts as it relates to pledged assets

JOB REQUIREMENTS:

High school diploma or equivalent required, Bachelor’s degree in business, finance, or a related field preferred
Prior experience in loan operations, credit administration, or a related banking function required
Prior experience submitting QCRs or managing a loan collateral pledge program preferred

KNOWLEDGE/SKILLS 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

PHYSICAL AND MENTAL QUALIFICATIONS:

Standing, walking, bending and stooping required
Must be able to sit at a desk for long periods of time and use a computer
Must be able to occasionally move or lift up to 10 pounds
May be asked to work supplemental hours periodically
Limited travel required occasionally during and after business hours

Salary Pay Range: $42,647.76 - $74,195.42 annually

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.