Collateral Compliance Analyst

Collateral Compliance Analyst

Collateral Compliance Analyst / Senior Collateral Compliance Analyst   



FEDERAL HOME LOAN BANK OF SEATTLE

Candidates could live in Seattle but also in Eugene, OR; Portland, OR; Salt Lake City, UT; and Denver, CO as telecommute positions if not in Seattle (75% travel and 25% telecommute with a minimum of 1 week a quarter coming into Seattle). 

If you're interested in making a difference at work AND working to make a difference, think about joining the Federal Home Loan Bank of Seattle.

The Seattle Bank makes our communities better places to work and live by providing funding  products to its nearly 400 financial institution members -- and by contributing 10% of its annual net profits to affordable housing and community economic development.

A $50 billion institution, the Seattle Bank is one of 12 Federal Home Loan Banks located across the US.

Collateral Compliance Analyst/Senior Collateral Compliance Analyst    

This position is responsible for processes, procedures and controls that support administration of loan collateral pledged to the Seattle Bank by members under any collateral arrangement.  This includes implementation and documentation of collateral procedures that ensure compliance with the Seattle Bank’s regulatory and internal policy requirements. Serves as the member’s direct collateral consultant and assists members on how to most effectively pledge collateral.

Responsibilities include:

• Ensure loan balances that members’ report to support extensions of credit accurately represent eligible collateral in accordance with regulatory and policy requirements.

• Approve or recommend adjustments to reported loan balances to ensure that member borrowing capacity is based on eligible collateral.

• Develop procedures, systems and reports that provide for effective and efficient monitoring and reporting of eligible collateral and eligibility verification.

• Manage and/or conduct reviews of member pledged loan portfolios/policies and procedures to determine the accuracy and appropriateness of reports used to monitor eligible loan collateral while ensuring the bank’s risk is minimized.

• Ensure that collateral reporting and verification procedures are communicated appropriately and effectively to members and Seattle Bank associates.

• Work closely with the members in determining appropriate methods for pledging collateral, identifying new collateral types not currently being pledged, and educate members on any changes to collateral policy, procedures or eligibility requirements.

• Maintain collateral verification and compliance files and databases.

We offer a rich compensation package, including competitive wages, comprehensive health benefits for employee, three weeks’ vacation, 401K, and a business casual environment as well as other benefits.  Qualified candidates should direct resume and cover letter to: 

Recruiter1, Federal Home Loan Bank of Seattle

1501 Fourth Avenue Suite 1800

Seattle, WA, 98101-1693.

 Or E-Mail: