Collateral Specialist Senior
City National Bank, Los Angeles, CA, United States
Overview
WHAT IS THE OPPORTUNITY
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.
What You Will Do
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 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 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 programs such as Customer first, Community Reinvestment Act (CRA) and Equal Employment Opportunity.
Required Qualifications
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.
Additional Qualifications
Must be able to process and handle large volumes ensuring quick turnaround.
Familiarity with 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 must be able to analyze commercial and consumer notes and credit memorandum.
Candidate must have a strong documentation and collateral background.
Compensation Starting base salary: $22.27 - $33.43 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
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.
Inclusion and Equal Opportunity Employment City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
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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.
What You Will Do
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 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 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 programs such as Customer first, Community Reinvestment Act (CRA) and Equal Employment Opportunity.
Required Qualifications
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.
Additional Qualifications
Must be able to process and handle large volumes ensuring quick turnaround.
Familiarity with 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 must be able to analyze commercial and consumer notes and credit memorandum.
Candidate must have a strong documentation and collateral background.
Compensation Starting base salary: $22.27 - $33.43 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
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.
Inclusion and Equal Opportunity Employment City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
#J-18808-Ljbffr