Collateral Manager jobs in New York

Collateral Manager leads a team of appraisers conducting assessments, valuations, and appraisal reviews of real estate, land, and other personal property to establish the market value generally used for lending, insurance, or other purposes. Establishes processes for conducting on-site inspections of property and data collection required to perform valuations. Being an Collateral Manager follows generally accepted appraisal practice concepts and practices to perform data analysis, develop valuation estimates, and write comprehensive reports and exhibits. Ensures appraisal documentation and appraiser certification comply with all regulations. Additionally, Collateral Manager performs appraisal quality reviews to ensure appropriate valuation and minimize risk. Creates process efficiencies with appraisal software tools and databases. May require a bachelor's degree. Has the Member of the Appraisal Institute (SRPA) or similar designation. Requires a State Appraiser License. Typically reports to a director. The Collateral Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be an Collateral Manager typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)

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Collateral Risk Manager AVP
  • Citi
  • NEW YORK, NY OTHER
  • Job Description

    The Collateral Risk Manager is a key member of the in-business credit risk function with responsibility for the collateral that underpins the bank’s lending, derivatives and securities financing activities. Working closely with individual business units and with the second-line risk management function, the Collateral Risk Manager is part of a specialized team overseeing the management of collateral across multiple business units, identifying and responding to exceptions in the use of collateral and monitoring collateral-related risks across all businesses in the region.

    This is a new role in a rapidly growing area of the bank and provides an excellent opportunity for a dynamic, innovative and results-oriented individual to take the next step on their career path and play a part in the development of a new department within the bank.

    Ideal candidates will have experience in a corporate lending or a derivatives/securities finance function, either in a front office capacity or from a credit risk role. They will be strong team players with a track record in tackling new challenges, managing multiple priorities and delivering results.

    The Team:

    In line with its focus on risk and controls, Citi has created a new first line risk function, Institutional Credit Management (ICM).  ICM’s principal focus is credit risk: it has the objective of providing integrated “end-to-end” credit underwriting and the management of associated risks for wholesale credit businesses across the enterprise. Within ICM, the Collateral team focuses on the monitoring and management of risks relating to collateral posted and received in connection both with Citi’s trading and banking book activities.

    The Mission:

    Collateral Risk Managers work in one of four regional teams, each tasked with operating the collateral risk function in their region, covering both banking book and trading book collateral. The role reports to the regional head of ICM Collateral Management.

    Working closely with designated business units and the corresponding independent risk functions, the Collateral Risk Manager provides support and expertise in managing exceptional situations, monitors collateral quality and ensures consistent and robust application of collateral standards with respect to eligibility, rating, valuation and maintenance.

    Key benefits include the development of an unusually broad perspective on the firm’s markets activities (including Rates, FX, Equities, Commodities and Credit), the acquisition of specialized knowledge of regulatory developments and, exposure to senior leadership and a rewarding, creative, and dynamic working environment.

    The role:

    The Collateral Risk Manager will be expected to take ownership of ICM’s Collateral Management responsibilities for designated business units, including:

    • The analysis of collateralized activity in each of the business areas comprising Citi’s wholesale credit activities
    • The identification, classification and prioritization of collateral related risks (including wrong way risk, and, in collaboration with ICM colleagues, the internal assessment of credit and liquidity characteristics of collateral
    • The ongoing oversight, review and refinement of collateral management processes and the tools and data supporting them
    • The documentation of collateral processes adopted in individual businesses and validation of alignment with Citi’s policy and standards
    • Support of the business in the most effective use of collateral and the management of exceptional situations
    • Assisting the independent risk function, as they may require, in their capacity to review and challenge the collateral practices of the business
    • In partnership with ICM colleagues, the integration of risks deriving from collateral into counterparty credit considerations
    • Supporting the other members of the ICM Collateral Management team in the achievement of the team goals continuous improvement of the team’s performance

    Qualifications and Experience:

    • Bachelor's degree or equivalent experience
    • 3 years relevant experience in financial services; experience in risk management is a plus
    • Highly analytical & creative mindset
    • Strong and impactful presentation skills
    • Self-motivated, detail oriented, and a quick learner
    • Ability to work well under pressure, in a front office environment
    • Strong team player with good communication, interpersonal and organizational skills
    • Knowledge of the characteristics of individual collateral types is a plus
    • Familiarity with large scale data, querying and data handling applications such as Tableau is preferred
    • Knowledge of Citi’s infrastructure is a plus

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    Job Family Group:

    Risk Management

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    Job Family:

    Credit & Portfolio Risk Management

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    Time Type:

    Full time

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    Primary Location:

    New York New York United States

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    Primary Location Salary Range:

    $109,120.00 - $163,680.00

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    Citi is an equal opportunity and affirmative action employer.

    Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

    Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

    View the "EEO is the Law" poster. View the EEO is the Law Supplement.

    View the EEO Policy Statement.

    View the Pay Transparency Posting

  • 1 Day Ago

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Global Collateral Optimization Middle Office Manager
  • JPMC Candidate Experience page
  • New York, NY FULL_TIME
  • This is an exciting opportunity to join a fast paced environment. Working closely with the Front Office Stakeholders to ensure the firm manages and utilizes collateral in the most effective way, meeti...
  • 2 Months Ago

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Field Inspector - Automotive, Mortgage, and Equipment
  • Collateral Specialists Inc.
  • Brentwood, NY PART_TIME
  • Collateral Specialists Inc. (CSI) provides inspection and auditing services to the financial community. Serving the industry for over 20 years, CSI provides services in all 50 states. www.csina.com CS...
  • 21 Days Ago

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Senior Collateral Analyst
  • East West Bank
  • New York, NY FULL_TIME
  • Introduction Since 1973, East West Bank has served as a pathway to success. With over 120 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams o...
  • 19 Days Ago

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Collateral Operations Middle Office Associate
  • I39 Singapore Branch
  • CENTRAL SINGAPORE, NY FULL_TIME
  • About this role: Wells Fargo is seeking a Collateral Operations Specialist to join the APAC CIB Markets Operations department based in Singapore supporting the Corporate and Investment Banking (CIB) b...
  • 1 Month Ago

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Entry Level - Financial Services
  • Mid-Large Asset Manager
  • New York, NY FULL_TIME
  • Entry Level Institutional Service / Sales Analyst Premier/ Boutique Asset Manager seeks an Entry Level Institutional Service / Sales Client Analyst (s) that will be responsible for providing investmen...
  • 1 Month Ago

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Collateral Management Associate
  • Jefferies Financial Group Inc.
  • Jersey City, NJ
  • Jefferies OTC Collateral Management Position: Collateral Associate The candidate for the Collateral Associate position m...
  • 4/23/2024 12:00:00 AM

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Collateral Management Officer H/F
  • Hs Mittweida
  • Iowa, LA
  • Descriptif de la societe :CACEIS est un etablissement bancaire, filiale des groupes Credit Agricole et Santander, specia...
  • 4/23/2024 12:00:00 AM

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Collateral Analyst
  • Lenmar Consulting Inc
  • Chicago, IL
  • Title: Collateral Management Analyst Location: Chicago, IL Remote/Hybrid/Onsite: Onsite Position Type: Contract Duration...
  • 4/23/2024 12:00:00 AM

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Credit Portfolio Manager
  • Citigroup Inc.
  • Fort Lauderdale, FL
  • Citibank, N.A. seeks a Credit Portfolio Manager for its Fort Lauderdale, Florida location.Duties: Continuously monitor r...
  • 4/23/2024 12:00:00 AM

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Operations Analyst - Collateral Management.
  • Pyramid Consulting, Inc
  • Chicago, IL
  • Immediate need for a talented Operations Analyst - Collateral Management. This is a 06+ Months Contract opportunity with...
  • 4/22/2024 12:00:00 AM

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Collateral Management Team Member, Marlborough, Full-Time
  • Digital Federal Credit Union
  • Marlborough, MA
  • ** Collateral Management Team Member, Marlborough, Full-Time** **Job Category****:** Loan Services **Requisition Number*...
  • 4/22/2024 12:00:00 AM

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Entry Level Operations Analyst -
  • Russell Tobin
  • Salt Lake City, UT
  • Job Description Job Description Our client - a Fortune 100 investment firm in Salt Lake City, UT is looking for an Opera...
  • 4/21/2024 12:00:00 AM

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Operations Analyst - Collateral Management.
  • Pyramid Consulting Inc
  • Chicago, IL
  • Immediate need for a talented Operations Analyst - Collateral Management. This is a 06+ Months Contract opportunity with...
  • 4/20/2024 12:00:00 AM

New York is a state in the Northeastern United States. New York was one of the original thirteen colonies that formed the United States. New York covers 54,555 square miles (141,300 km2) and ranks as the 27th largest state by size.[3] The highest elevation in New York is Mount Marcy in the Adirondacks, at 5,344 feet (1,629 meters) above sea level; while the state's lowest point is at sea level, on the Atlantic Ocean. In contrast with New York City's urban landscape, the vast majority of the state's geographic area is dominated by meadows, forests, rivers, farms, mountains, and lakes. Most of...
Source: Wikipedia (as of 04/17/2019). Read more from Wikipedia
Income Estimation for Collateral Manager jobs
$169,553 to $231,053

Collateral Manager in Champaign, IL
"Achieving an automated collateral program is a growing priority as managing margin becomes a larger and more complex challenge.”.
January 23, 2020
Collateral Manager in Mesa, AZ
In this case, the court may have read into the indenture’s waterfall provisions an affirmative obligation upon the collateral manager to act even if as a consequence it would suffer financial loss.
January 24, 2020
Collateral Manager in New Suffolk, NY
On the court’s reading of the indenture, the collateral manager did not have unfettered discretion to refrain from selling the aged defaulted securities.
February 19, 2020