Collateral Analyst at Federal Reserve Bank (FRB) in Richmond, Virginia

Posted in General Business 20 days ago.

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Type: Full-Time





Job Description:

The Supervision, Regulation & Credit Department (Credit Risk Management Unit) is seeking an Associate or Intermediate Collateral Analyst to plan and conduct assignments involving collateral (loans and securities) pledged to the Federal Reserve Bank directly and in our fiduciary role for the U.S. Treasury. The position is located in Richmond, VA. The Intermediate role performs duties with limited supervision whereas the Associate role entails a higher degree of supervision. The position is located in Richmond, Virginia.

Primary responsibilities include but are not limited to the following:


  • participating in on-site collateral reviews* (the Intermediate level will be expected to lead certain reviews) to ensure that collateral pledged by Fifth District depository institutions meet eligibility requirements and discussing findings with management;

  • updating records of collateral pledged to the Reserve Bank via monthly revaluation reports submitted by depository institutions;

  • conducting risk, valuation and trend analytics on pledged collateral in assigned portfolio;

  • performing daily operational functions and data processing;

  • maintaining collateral held on the Reserve Bank premises;

  • providing data querying support to Credit Risk Management; and

  • participating on Federal Reserve System workgroups.

*On-site collateral reviews include: understanding the type, characteristics, and quality of loans being pledged as collateral; determining the status of perfection and priority of the Reserve Bank's security interest; ensuring that the institution's operational controls with respect to identifying and safekeeping collateral are acceptable; and discussing findings with Bank management.

Essential Job Responsibilities include but are not limited to the following:


  • Participates on BIC reviews for non-complex to moderately complex institutions and assists on or takes the lead role for reviews of BIC arrangements, to include preparing the scope of the review, assigning tasks to participants, meeting with depository institution management to present findings and preparing the summary report and institution rating.

  • Reviews and updates collateral pledged to the Bank via monthly revaluation reports submitted by depository institutions; receives loans pledged by problem depository institutions; reviews documentation for eligibility; works with depository institution management to resolve discrepancies, files and tracks loans, and returns loans to pledging institution upon request.

  • Responsible for the risk surveillance and operational monitoring of an assigned portfolio of institutions pledging collateral. Surveillance may include assessing key drivers of changes in collateral valuations and effectively communicating these changes to DIs; projecting the potential valuation impacts of changes in the economy, business environment, or FRS policies; evaluating the pledged collateral against existing or potential risk exposures.

  • Applies collateral knowledge as a participant in System work groups and may take a lead role in select segments of larger projects and moderately complex System assignments.

  • Prepares briefing material and documentation for management's use at both internal meetings and meetings with depository institutions; gives presentations to external audiences; performs ad hoc projects requiring planning, research, analysis, and recommendations for management.

  • Interacts with bankers, attorneys, and staff from other departments within the Bank to obtain additional information, respond to inquiries, analyze documentation or resolve issues; protects the Bank's interest in certain collateral by tracking and maintaining Uniform Commercial Code filings and working with Legal to prepare legal release agreements with the FHLB to ensure the Bank's position is perfected to the extent possible.

  • Reviews new collateral pledges for acceptability and approves releases of collateral as requested by depository institutions; monitors pledged collateral on an ongoing basis to ensure continued eligibility.

  • Processes collateral transactions to pledged accounts and reconciles/settles end of day collateral activity versus the Collateral Management System; may process transactions with the Depository Trust Corporation (DTC), as needed.

  • Performs, on a shared basis with other analysts, daily operational functions and data processing;

  • Performs additional duties and special analytical studies as assigned.


Associate Collateral Analyst Hiring Range: $50,400 - $63,000, annually.
Intermediate Collateral Analyst Hiring Range: $64,100 - $80,100, annually.

The deadline to apply is February 14, 2020. The selected candidate will be subject to special background check procedures, and may be offered a position either as an Associate Collateral Analyst or an Intermediate Collateral Analyst, depending on candidate's knowledge, skills, and experiences as defined in the job qualifications/experience. Salary offered will be based on the job responsibilities and the individual's knowledge, skills and experience as defined in the job qualifications/experience.