Carter Bankshares in
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 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 The above statements are intended to describe the general nature and level of work being performed by the incumbent assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and/or skills required of all personnel so classified.
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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 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 The above statements are intended to describe the general nature and level of work being performed by the incumbent assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and/or skills required of all personnel so classified.
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