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Team Leader II Loan Servicing

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City National Bank

2024-11-05 18:45:17

Job location Newark, Delaware, United States

Job type: fulltime

Job industry: Banking & Financial Services

Job description

TEAM LEADER II LOAN SERVICING-Collateral Management WHAT IS THE OPPORTUNITY? This position will manage a centralized Loan Servicing unit responsible for all loan boarding and servicing activities of the Bank
Responsibilities include establishing and maintaining loss prevention controls, developing and implementing procedures, monitoring compliance, ensuring data integrity and keeping productivity and quality control on target
Provides support and assistance to other operational areas of the department as needed
What you will do Manages the daily activities of staff in the unit; monitors workflow for bottlenecks and/or inefficiencies
Maintains data integrity, productivity and quality control in accordance with established Service Level Agreement (SLA) standards
Collateral Management and Monitoring-Boarding, UCC Filings, Servicing liquid and non-liquid security-based lending collateral
Reviews incoming loan and/or lease packages for accuracy and appropriate authorization and documentation prior to boarding to appropriate system of record (e.g., STUCKY, M&I, AFS, LeasePak, BankCard etc.)
Researches and resolves accounting/collateral inquiries (e.g., interest accrual/adjustments, amortization schedules, rate indexes, other monetary transactions, etc.) Follows-up on various system exception reports to ensure data integrity and compliance with Bank requirements
Reviews and approves daily balancing sheets for staff
Ensures that the daily balancing sheets are complete, accurate and in balance
Provides assistance to staff as needed to help balance end of day transactions and input
Coordinates and/or participates in various operational and compliance audits conducted in the unit
Prepares responses to audit findings, develops and implements process and procedure enhancements to reduce risk findings surfaced by the audit group(s)
Maintains a proactive commitment to established bank programs, such as Community Reinvestment Act (CRA) and Affirmative Action
Complies fully with all Bank Operational and Credit policies and procedures as well as all regulatory requirements (e.g
Bank Secrecy Act, Know Your Client, Community Reinvestment Act, Fair Lending Practices, Code of Conduct, etc.)
Completes all special projects as requested
Responsible and accountable for appropriate quality controls related to the financial products the bank provides, the services the bank delivers, the processes employed and the incentives with which colleagues are awarded
All City National products, financial solutions and services are to be provided ethically and with integrity in a manner that is consistent with the client-first culture and values embodied in City National's PRIDE statement
Must-Have H.S
Diploma Skills and Knowledge Demonstrated knowledge of all aspects of loan servicing, Regulations B, O and Z and their impact on portfolios, and core systems platforms, loan systems and outsourcing solutions applicable to the Bank's diverse loan servicing requirements
Good organizational, project and time management skills
Ability to present ideas, obtain concurrence and resolve conflicts within the supervised unit
Compensation Starting base salary: $92,114 - $156,880 per year
Exact compensation may vary based on skills, experience, and location
This job is eligible for bonus and/or commissions
To be considered for this position you must meet at least these basic qualifications The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification
It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job
Benefits and Perks At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues
Get an inside look at our Benefits and Perks
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank is an equal opportunity employer committed to diversity and inclusion
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.' ABOUT CITY NATIONAL We start with a basic premise: Business is personal
Since day one we've always gone further than the competition to help our clients, colleagues and community flourish
City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today
City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies

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