Collateral Risk Manager

Amalgamated Bank Of Ny; New York (NY); Hybrid; USD 150,000 - 160,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

Amalgamated Bank Of Ny in New York seeks a Collateral Risk Manager to oversee third-party collateral reports for CRE lending and portfolio management. You will manage procurement, vendor coordination, appraisal review, and invoice processing to support risk governance.

The role requires USPAP knowledge, 7+ years in appraisal/review, and experience in regulated financial institutions. Hybrid schedule with in-office and remote collaboration across teams.

Qualifications

• 7+ years of experience appraising and/or reviewing.
• 4+ years in a regulated financial institution.
• Clear understanding of USPAP.
• Strong administrative and organizational skills.
• Proficiency in Excel, Word, and workflow systems.
• Experience coordinating 3rd party vendors.
• High attention to detail and accuracy.

Responsibilities

• Procure and coordinate third-party due diligence reports (appraisals, environmental reports, PCRs/PCAs).
• Prepare engagement letters and coordinate timelines with vendors.
• Oversee appraisal lifecycle including scoping, assignment, review, and acceptance.
• Maintain vendor documentation and onboarding of new valuation, environmental, and engineering vendors.
• Process vendor invoices, resolve billing discrepancies, and track records for audit.
• Maintain pipeline trackers, update systems with dates and notes, and support policy enhancements.

Skills

Vendor coordination

Excel

Word

Workflow systems

Attention to detail

Regulated finance experience

USPAP knowledge

Administrative skills

Tools

Collateral 360

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

New York, NY, US

Salary Range: $150,000.00 To $160,000.00 Annually

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

• 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.

Oversight of Appraisal & Review Processes

• 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.
• Lead coordination of resolution matters with 3rd party providers including appraisers & reviewers.
• Maintain vendor documentation including licenses, E&O insurance, and compliance materials.
• Assist with onboarding new valuation, environmental, and engineering vendors.
• Track vendor performance issues and elevate as appropriate.
• Receive, validate, and process third-party vendor invoices.
• Resolve billing discrepancies and coordinate with Accounts Payable.
• Maintain job dissemination and invoice records for audit support.

Workflow, Reporting & Documentation

• Keep accurate pipeline trackers and workflow logs.
• Update internal systems with delivery dates, vendor notes, and completed reports.
• Support the Senior Credit Officer / Chief Appraiser in Policy enhancements, preparing audit exhibits, and Board materials.

Cross-Functional Collaboration

• Provide professional communication and support to internal and external partners.
• Responsiveness within the CRM group and the lending team is a must.

Knowledge, Skills and Experience Requirements:

Required Qualifications

• Minimum 7 years of experience appraising and/or reviewing.
• Minimum 4 years of experience working in regulated financial institution.
• Must have clear understanding of USPAP
• Strong administrative and organizational skills.
• Proficiency in Excel, Word, and workflow systems.
• Experience coordinating 3rd party vendors
• High attention to detail and accuracy.

Preferred Qualifications

• Proficiency with Collateral 360.
• Familiarity with environmental due diligence and PCR reporting.
• Expertise in NYC Multifamily tax benefits.

Our job titles may span more than one career level. The starting base salary for this role is between $150,000 – $160,000. The actual base pay is dependent upon many factors, such as: training, transferrable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future.

Hybrid Work Model
Effective February 18, 2025, employees in office-based positions will be working a Hybrid work schedule consisting of three days or more, on-site per week, Monday - Thursday, although the specific days may vary by site or organization, with Friday designated as a remote-working day, unless business critical tasks require an on-site presence. This Hybrid work model does not apply to, and daily in-person attendance is required for, the contact center, branch service roles, and general services where the work to be performed is located at a Company site; positions covered by a collective-bargaining agreement (unless the agreement provides for hybrid work); or any other position for which the Company has determined the job requirements cannot be reasonably met working remotely. Please note, this Hybrid work model guidance does not apply to roles that have been designated as “remote”.