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Collateral Operations Analyst
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Is it a Bank? A cooperative? A leader in affordable housing? We are all those things and more!
Our core mission at FHLBank Indianapolis is to provide reliable and readily available liquidity to our member institutions to support housing finance and community development. Simply put, we’re a bank for banks, credit unions, community development financial institutions and insurers across Indiana and Michigan. We also assist in meeting the economic and housing needs of communities and families through grants and subsidized advances that support affordable housing and economic development.
But enough about us, let’s talk about you.
Are you looking for a company that views their employees as their greatest asset?
A company that’s dedicated to making a difference in the community? So much so they pay their employees to volunteer?
Do you want to join a talented workforce that prioritizes equal opportunity within an inclusive culture, and promotes learning and development, unique skills/ideas, and employee engagement?
If you’ve said yes to these questions, then we might be a match!
Here is what we offer:
- Flexible hybrid workforce model: Onsite three days a week and two days remote. We also offer remote flex days!
- Fantastic, competitive pay and total rewards
- Industry-high 401(k) match: up to 6% PLUS…an additional 4% contribution!
- Tuition reimbursement assistance: To help you continue to develop personally and professionally.
- Student loan repayment assistance: That’s right, we will help you repay outstanding student loans!
- Awesome Benefits Package: Medical, dental, vision benefits and even pet (you read that right) insurance!
- Generous time off: Vacation, paid federal holidays, birthday month floating holiday, volunteer day and summer hours program
- “Dress for your day” dress code: You choose the appropriate work attire based on what your day looks like.
Statistics show that it is less likely for some candidates to submit their application if they don't meet all the criteria within the job description. If this is you, we encourage you to give yourself a chance and submit your application anyway, as you may be the perfect match for this role!
Purpose:
The Collateral Operations Analyst is responsible for daily collateral operations to assure that all credit products are adequately secured against loss. Works with member financial institutions to assure that borrowings are fully collateralized and are in full compliance with FHFA regulations and Bank policies.
The following statements are intended to describe the general nature and level of work being performed by persons assigned to the job. They are not intended to be an exhaustive list of all responsibilities or abilities required of persons so classified. The Bank reserves the right to alter or amend this description at any time.
Specific Responsibilities:
- Assist members in pledging and releasing securities (government & agency securities, private mortgage-backed securities, commercial real estate and 2nd mortgages backed securities, municipal securities) and cash (FHLBI Deposits & FHLBI CDs) collateral, and with submitting loan collateral (1-4 family, multifamily, commercial real estate (CRE), home equity, mortgage loan participations, farm real estate loans and small business loans) information to the Bank, via the Member Link Portal, including new submissions (“adds”) and regular updates to existing collateral data.
- Assist members on all collateral related inquiries including, but not limited to, collateral reports, member link portal, self-service, etc.,
- Review daily processing of collateral information including the market valuation process to ensure members have adequate collateral coverage for outstanding credit products.
- Collaborate with account managers to provide members with holistic service and contribute all collateral-specific information on the Team Sales/Business Development meetings
- Collaborate with business development team members, as needed, for member outreach related to collateral accounts.
- Have the ability, drive and mindset to work with members, in fulfilling their collateral needs and facilitating the conversation with other stakeholders, as needed.
- Responsible for all monthly and quarterly reporting as requested internally by the Bank.
- Advise members about assets eligible as collateral. Determine the appropriateness and adequacy of collateral for all member institutions. Communicate with members that need to pledge additional collateral. Suggest/recommend changes in collateral status levels, when necessary, based on member-requests.
- Coordinate the collateral delivery process. Work with the Bank’s safekeeping department or third-party custodians, as necessary.
- Monitor various collateral reports to assist management in analyzing the composition of assets pledged to the Bank.
- Responsible for collateral aspects of member mergers and loan securitizations (special releases).
- Assist with development and testing of new collateral-related software systems or enhancements as needed. Make recommendations to improve functionality.
Competencies:
Business
- Mortgage Industry Knowledge
- Member Focus
- Research-Oriented
General
- Decision Making/Judgement
- Adaptability/Flexibility
- Initiative
- Analytical
- Problem-Solving Skills
People
- Communication
- Teamwork/Support
- Listening Skills
Position Requirements:
- Bachelor’s degree in Business Administration, Accounting, or Finance. Advanced degree in a business field is desirable.
- Minimum of two years' experience working with, or directly in a financial institution, preferably in a data processing, lending, financial analysis, or customer service function.
- Possess excellent oral and written communication skills and the ability to interact with Bank staff and members in customer service and problem-solving situations.
- Detail-oriented and possess excellent analytical abilities.
- Able to establish priorities, organize workflow, and complete assigned projects and daily tasks independently.
- Ability to use computer tools such as Microsoft Excel and other applications to analyze financial data.
- Must not have been convicted on any civil or criminal charge that would suggest a risk to Bank security.
- Ability to work full-time.
- Ability to uphold and model the Bank’s Guiding Principles.
Hiring Range: $72,000 - $84,000
Hiring ranges reflect the base salary that the Bank reasonably expects to pay for a given role and is not inclusive of annual incentive award opportunities, retirement benefits or the value of other health and welfare or other ancillary benefits. We consider many factors when determining base salaries such as individual background and experience, the competitive environment, education, particular skill set(s), and industry and institutional knowledge.
FHLBank Indianapolis is an Equal Opportunity Employer.
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