Sr. Collateral & Pledging Analyst (Hybrid - Schaumburg, IL)

Byline Bank; Schaumburg (IL); On-site; USD 39,950 - 50,971; Full time

Benefits offered by this job

Benefits package

Incentive programs

Equity stock purchase

401(k) contribution

Job summary

Byline Bank is seeking a Sr. Collateral & Pledging Analyst in Schaumburg to audit and manage closed loan packages and collateral files, ensuring security interests and FRB/FHLB pledging readiness. The role supports liquidity strategies and regulatory compliance across multiple platforms.

You will monitor collateral, prepare reports, and coordinate documentation and releases with lenders and vendors while collaborating with cross-functional teams to improve processes and risk controls.

Qualifications

• High School Diploma or equivalent; associate or bachelor’s degree preferred.
• 5–8+ years of loan operations, including collateral management and post-closing audits.
• Direct experience with FRB and/or FHLB Chicago pledging guidelines and processes.
• Knowledge of loan documentation, collateral file requirements, and post-closing processes.
• Experience auditing loan files and managing exception tracking.
• Familiarity with investor delivery processes and agency guidelines.

Responsibilities

• Audit and manage all closed loan packages and collateral files.
• Verify documents and update exception tracking for missing items.
• Ensure collateral files support FRB/FHLB pledging requirements.
• Coordinate collateral delivery to custodians and facilities.
• Produce reporting and metrics on pledged collateral activity.
• Assist with internal audits, regulatory exams, and process improvements.
• Collaborate with Secondary Marketing, Treasury, and Capital Markets teams.

Skills

Loan operations expertise

Communication skills

Organizational & analytical skills

Multitasking under deadlines

Education

High School Diploma or equivalent

Associate or Bachelor's degree preferred

Tools

DocuSign

Wolters Kluwer eOriginal eVault

FIS platforms

Job description

About Byline Bank

Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:BY), is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.9 billion in assets and operates over 40 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing and U.S. Small Business Administration loans.

Byline Bank is a member of FDIC and an Equal Housing Lender.

Awards and Recognitions

• U.S. News & World Report’s Best Companies to Work for in the Midwest 2024-2025, 2025-2026 and Best Companies to Work for in Finance and Insurance & Overall 2025-2026.
• Newsweek’s America’s Greatest Midsize Workplaces for Women 2026
• Best Companies Group’s Best Remote and Hybrid Workplaces in America 2026
• Chicago Sun Times Chicago’s Best Workplaces 2024, 2025
• Best Companies Group and Illinois SHRM Best Workplaces in Illinois 2024, 2025, 2026

Objective of Position

The Sr. Collateral & Pledging Analyst is responsible for auditing, managing, and maintaining all closed loan packages and collateral files to ensure the bank’s security interest and adherence to established policies and procedures. This role also supports the organization’s liquidity strategy by ensuring loans meet eligibility requirements for pledging to the Federal Reserve Bank (FRB) and Federal Home Loan Bank of Chicago (FHLBC), while maintaining compliance with investors, regulatory, and internal guidelines. Additionally, the position contributes to exception tracking, reporting, and continuous improvement of post-closing and collateral management processes.

Duties and Responsibilities

• Reviews residential, consumer, commercial, SBA, USDA, and other loan packages for original documents and logs them into department database.
• Completes Post Closing Checklist review to verify all required and original documents are received.
• Reviews imaged loan documents and updates exception tracking reports for missing or trailing items.
• Maintains organized and complete physical and imaged collateral files.
• Audits loan files to ensure eligibility for FRB and FHLB Chicago pledging, including completeness of required collateral documentation.
• Utilizes digital platforms such as DocuSign and Wolters Kluwer eOriginal eVault to support electronic document execution, storage, and eNote collateral workflows.
• Prepares and coordinates collateral delivery to custodians and pledge facilities.
• Monitors pledged collateral and maintains compliance with FRB/FHLB requirements.
• Prepares and delivers reporting and metrics related to pledged collateral activity, including balances, eligibility, utilization, and trends for each pledge affiliate.
• Tracks and resolves documentation exceptions in partnership with lending staff and third-party vendors.
• Monitors and processes collateral requests received through department channels.
• Issues collateral releases for paid loans, legacy loans, or as directed by lending staff.
• Processes paid loans and prepares payoff/release packages for customer distribution.
• Supports loan delivery to investors and assists with post-closing pipeline tracking and reconciliation.
• Partners with Secondary Marketing, Treasury, and Capital Markets teams to support collateral and liquidity initiatives.
• Provides loan documentation to third-party servicing vendors (e.g., Dovenmuehle or similar).
• Files UCCs and records trailing documents (mortgages, assignments, modifications) via approved vendors.
• Organizes and releases tax certificates, titles, and other collateral-related documents.
• Audits boarded loan packages to ensure compliance with policies, procedures, and regulatory standards.
• Assists with internal audits, regulatory exams, and collateral reviews.
• Processes and audits third-party invoices related to loan documentation and collateral.
• Assists with reporting, data tracking, and operational projects within loan operations.
• Participates in ongoing training and process improvement initiatives.
• Ensures all collateral files remain current, complete, and audit-ready.
• All other duties as assigned.

Qualifications

• High School Diploma or equivalent required; associate or bachelor’s degree preferred.
• 5–8+ years of loan operations experience, including significant exposure to commercial loan operations, collateral management, and post-closing audit functions.
• Direct or working experience with Federal Reserve Bank and/or FHLB Chicago pledging guidelines and processes.
• Strong knowledge of loan documentation, collateral file requirements, and post-closing processes.
• Experience auditing loan files and managing exception tracking.
• Familiarity with investor delivery processes and agency guidelines (Fannie Mae, Freddie Mac, etc.).
• Knowledge of third-party services (lien filing systems, recording vendors, SBA/USDA systems, etc.).
• Experience with custodial systems, collateral tracking tools, or FIS platforms preferred.
• Experience using DocuSign and/or Wolters Kluwer eOriginal eVault platform preferred.
• Exposure to eNote and electronic collateral workflows is a plus.
• Strong organizational, analytical, and problem‑solving skills.
• Ability to manage multiple priorities and meet deadlines in a fast‑paced environment.
• Effective communication skills with the ability to collaborate across departments.
• Proficiency in Microsoft Office Suite.

Physical Demands and Work Environment

Usual office environment with frequent sitting, walking, and standing, and occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Frequent use of eye, hand, and finger coordination enabling the use of office equipment. Oral and auditory capacity enabling interpersonal communication as well as communication through automated devices.

Compensation and Benefits

The hourly rate for this position is $29.32 to $36.53. Pay is based on several factors including but not limited to education, work experience, certifications, etc. In addition to your salary, Byline Bank offers a comprehensive benefits package, incentive and recognition programs, equity stock purchase, and 401(k) contribution. All benefits are subject to eligibility requirements.

Additional Information

Byline Bank is an Equal Opportunity Employment / Affinitative Action employer dedicated to providing an inclusive workplace where the unique differences of our employees are welcomed, respected, and valued. We are committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment. All employment decisions at Byline Bank are based on business needs, job requirements, and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, protected veteran status, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Byline Bank will not tolerate discrimination or harassment based on any of these characteristics. Byline Bank is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance or accommodations due to a disability, please contact us directly at 773‑475‑2900, Option #2. If applying within the US, this role is not eligible for visa sponsorship now or in the future.