What are the responsibilities and job description for the Collateral Operations Analyst position at Federal Home Loan Bank of Indianapolis?
Purpose :
Assists with 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 :
- Assists members in pledging and releasing securities and cash collateral, and with submitting loan collateral information to the Bank including new submissions (“adds”) and regular updates to existing collateral data.
- Reviews daily processing of collateral information including the market valuation process to ensure members have adequate collateral coverage for outstanding advances, etc.
- Advises members about assets eligible as collateral. Determines the appropriateness and adequacy of collateral for all member institutions. Communicate with members that need to pledge additional collateral. Suggests changes in collateral status levels when necessary.
- Coordinates the collateral delivery process. Works with the Bank’s safekeeping department or third-party custodians as necessary.
- Monitors 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).
- Assists with development and testing of new collateral related software systems or enhancements as needed.
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.
FHLBank Indianapolis is an Equal Opportunity Employer.