Director, Collateral Monitoring Manager – RJB, Private Client Banking

Job Description Summary

Under minimal supervision, the Collateral Monitoring Manager will support activities relating to collateral portfolio risk management with the Raymond James Bank (RJB) securities backed lending loan portfolio. Collateral Monitoring Manager will be responsible for day-to-day management of the securities backed loan collateral portfolio monitoring function. The role may serve as a department liaison with the bank business analysts for reporting functions relating to SQL data queries. The role will manage junior staff. The Collateral Monitoring Manager will be responsible for establishing and administering procedures to monitor and mitigate risk for the securities backed collateral portfolio. Perform a variety of tasks requiring evaluation, originality, or ingenuity in making decisions. Serves as RJB subject matter expert for pledged securities collateral. Regular contact with internal clients is required to obtain, clarify, or provide facts and information and/or identify, research, and resolve problems.

Essential Duties and Responsibilities

• Serves as a subject matter expert and owner of the securities backed loan portfolio risk management and monitoring process
• Manages and develops junior staff

• Responsible for monitoring intraday concentrated equities via internal template with Bloomberg or Thompson Reuters for RJB securities backed lending portfolio

• Ensure accurate completion of daily, weekly, monthly and quarterly reporting functions and appropriate record retention

• Compile and manipulate portfolio data and create reports used in senior management meetings

• Review daily collateral calls and may contact branch/FA as needed

• Oversight of the coding of eligible securities with RJ Operations

• Provides subject matter expertise and guidance for initiatives related to collateral monitoring

• Manage the process for loan workouts including demands and terminations

• Perform UAT testing as appropriate

• Monitors high risk accounts and responsible for tracking and follow up

• Responsible for the creation and delivery of compliance and accounting records and reports, as required by senior management and regulatory agencies

• Handles escalations related to collateral and makes risk-based recommendations

• Maintains existing policies and procedures
• Identifies process and policy efficiencies to balance risk management with client/FA experience

• Performs other duties and responsibilities as assigned

• Assists with special projects, as required

Knowledge of

• Margin regulations including Reg U and Reg T lending practices and liquidation processes

• Advanced knowledge of general securities industry including both public and private investment products

• Enterprise securities risk management practices including volume, ratings, bulk holdings (bank and firm), fundamental analysis and common volatility metrics

• Bloomberg and Thompson Reuters functions and corresponding MS Excel formula syntax

• Intermediate Excel knowledge and skills including macro creation and experience with VBA
• Writing and running SQL server queries and compiling large amounts of data
• Intermediate Tableau knowledge and skills
• Firm enterprise data management systems and policies

• Intermediate level concepts, practices and procedures of retail loan processing and documentation

• Intermediate principles of banking and finance

• Financial markets and products

Skill in

• Data analysis
• Preparing records and reports

• Performing routine to moderately complex loan/collateral calculations

• Operating standard office equipment and using required software applications

• Reviewing and interpreting loan documentation and terms

Ability to

• Analyze securities collateral for eligibility and overrides
• Review and prepare reporting needed to monitor portfolio risk

• Interpret and apply policies.

• Attend to detail while maintaining a big picture orientation.

• Partner with other functional areas to accomplish objectives

• Organize, manage and track multiple detailed tasks and assignments with frequently changing priorities in a fast-paced work environment

• Communicate effectively, both orally and in writing

• Work independently as well as collaboratively within a team environment

• Handle stressful situations and provide a high level of client service in a calm and professional manner

• Establish and maintain effective working relationships

General Experience - More than 15 years

Travel

Less than 25%

Workstyle

Remote

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