**This position is located in office at the Richardson Branch - 1100 Centennial Blvd, Richardson, TX 75081 ******

Summary

The Collateral Processor plays a crucial role in managing and optimizing our collateral processes. You will ensure the accuracy and efficiency of collateral documentation and releasing collateral on recently paid off loans, contributing to the seamless operation of Inwood’s financial services, Promotes and maintains the Bank’s mission, values and culture. Provides exceptional communication and service to employees and customers.

Essential Functions/Job Responsibilities

• Review and analyze collateral documentation to ensure compliance with company policies and regulations.
• Maintain and update collateral records in the database with accuracy and attention to detail.
• Releases collateral for recently paid off loans.
• Coordinate with internal teams and external parties to resolve discrepancies in collateral documents.
• Conduct regular audits of collateral files to ensure completeness and accuracy..
• Respond promptly to inquiries and requests for information regarding collateral from stakeholders.
• Ensures compliance with established Bank policies and procedures. Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and related laws as they pertain to the Bank Secrecy Act in conjunction with the USA PATRIOT Act, Anti-Money Laundering and Customer Information Program.

Job Requirements

• High school diploma or equivalent; associate's or bachelor’s degree in finance, business, or a related field is preferred.
• Minimum of 2 years of experience in a similar role within banking or financial services.
• Strong understanding of collateral management processes and financial instruments.
• Excellent analytical and problem-solving skills.
• Strong attention to detail and accuracy.
• Ability to work independently and manage multiple tasks simultaneously.
• Effective communication and interpersonal skills.
• Familiarity with regulatory requirements related to collateral management.
• Strong organizational skills and ability to meet deadlines.
• Experience in risk management and mitigation strategies.
• Proficient in the use of banking software applications and computer systems, including Microsoft Office applications, particularly Excel. Knowledge of Xperience is a plus.
• Problem-solving and decision-making aptitude.
• Ability to:
  • Work independently and as part of a team.
  • Work in a fast-paced environment.
• Strong interpersonal skills.
• Strong ethics and reliability.
• Strong analytical and problem-solving skills.y

Equal Opportunity Employer/Protected Veteran/Disability