Collateral Risk Manager
Amalgamated Bank · New York City, New York, US
Purpose of Position The Collateral Risk Manager supports the Credit Risk Management department by managing procurement, coordination, and administration of t...
Job description
Purpose of Position The Collateral Risk Manager supports the Credit Risk Management department by managing procurement, coordination, and administration of third-party collateral reports including appraisals, environmental reports, and Property Condition Reports (PCRs/PCAs) for commercial real estate lending and portfolio management. The role emphasizes workflow management, vendor communication, appraisal review, invoice processing, and regulatory compliance. Essential Job Functions: Third-Party Report Procurement & Coordination Oversight of Appraisal & Review Processes - Manage the ordering of third-party due diligence reports including, appraisals, environmental reports, and PCR/engineering assessments. - Prepare engagement letters following internal and regulatory requirements. - Coordinate timelines, scope details, and deliverables with vendors. - Track report progress and provide updates to internal stakeholders. - Direct the appraisal lifecycle: scoping, vendor assignment, review, and acceptance. - Maintain valuation independence structures and enforce regulatory firewalls. - Evaluate 3rd party reviews for credibility, regulatory compliance, and methodological soundness. - Le...