Collateral Manager Sr

Position Title

Collateral Manager Sr

Location

Work From Home United States

Job Summary

The Collateral Manager Sr reports to the Head of Liquidity Management and leads a team responsible for ensuring compliance with relevant regulatory requirements for Collateral Management across Reg YY, SR Letter 12-7, SR Letter 10-6. This leader will oversee the development of a collateral management framework, own all data and reporting related to collateral management, and partner with leaders across lines of business to maximize the Bank’s collateral.
This position requires a strong work ethic, outstanding communication and interpersonal skills (particularly presentation skills), the ability to work across functions, and a deep knowledge of business, operations, and finance.
Pay Range: $140,621.69 - $186,323.74 - $232,025.80

Pay Range: Local Minimum Wage - $0.00 - $0.00

Job Responsibilities:

• Ensure compliance with relevant regulatory requirements for Collateral Management across Reg YY, SR Letter 12-7, SR Letter 10-6.
• Develop framework for collateral management including but not limited to policy, risk appetite, and reporting.
• Ensure all eligible securities and loans are efficiently pledged to the Federal Home Loan Bank, Federal Reserve, or other secured borrowing facilities. Partner with lines of business and loan operations to maximize pledgable securities and loans through improved structure and documentation.
• Business owner of data and system solution for collateral management and reporting.
• Partner with Funding Manager to establish and manage secured borrowing facilities.
• Lead point-of-contact for loan eligibility reviews with the FRB and FHLB.
• Develops staff members and implements strategies to optimize operational efficiency within the liquidity management function. Responsible for talent management functions including: employment, performance evaluations, staff development/training, disciplinary actions, succession planning and ensuring all staff comply with compliance requirements.

ADDITIONAL ACCOUNTABILITIES

• Performs special projects, and additional duties and responsibilities as required.
• Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.

JOB REQUIREMENTS

Required Qualifications:

• Education level required: Undergraduate Degree (4 years or equivalent) in Finance, Mathematics, Economics, Engineering, or similar.
• Minimum experience required: 10+ Years with Collateral Management for a Category IV or larger banking institution.
• In depth knowledge of key liquidity regulations governing Category IV banking institutions such as Reg YY, FR 2052a, SR Letter 12-7, SR Letter 10-6 and SR Letter 12-17.
• Regular interaction with governing regulatory bodies for Category IV or higher institutions and involvement in oversight examinations.

Preferred Qualifications:

• Education level preferred: Master's Degree (or Postgraduate equivalent) in Finance, Mathematics, Economics, Engineering, or similar.

Job Competencies:

• Demonstrated ability to lead and influence change, develop innovative solutions, build effective partnerships, and manage cross-functional projects across an enterprise.
• Strong written and verbal communication skills with ability to prepare presentations for senior management.
• Comfort in a fast-paced, complex environment; solves problems collaboratively through open and constructive discussion.
• Detail oriented, responsive, and proactive. Fosters clarity, transparency, consistency, and widespread understanding across the business.
• An energetic, efficient, and resourceful team player. Takes ownership of work product and delivers within tight deadlines.
• Ability to build trusted relationships with Executive Management members and the extended business and functional leaders across the company.
• Up to 10% travel.
• Physical demands (ADA): No unusual physical exertion is involved.