Collateral Custody Specialist - Salt Lake City

Zions Bancorporation is one of the nation’s premier financial services companies operating as a collection of great banks under local brands and management teams in high-growth western markets. Zions is regularly recognized by American Banker magazine as having a top banking team in its list of “The Most Powerful Women in Banking.” Our customers consistently vote us as the best bank in our local markets. We value our employees, and we are committed to search out, recognize and create fulfilling opportunities for outstanding people within our organization, rewarding them for their contributions to our success. We recognize that banking is a “local” business, and that to be successful, we must have very strong ties to the communities we serve and strong relationships with our customers.

With benefits starting on day one, 12 bank holidays, profit sharing and company-matched 401(k) contributions, Zions is dedicated to being an employer of choice in our communities. At Zions, the possibilities are endless. You bring the talent; we bring the opportunity.

Zions Bancorporation is accepting applications for a Collateral Custody Specialist within the Asset Based Lending department. This role is responsible for the safekeeping, verification, and ongoing management of collateral perfection documentation for Non-Depository Financial Institution (“NDFI”) and private credit related transactions utilizing borrowing base lending structures. The Specialist may also monitor and manage other types of collateral as necessary. The Collateral Custody Specialist will ensure collateral documents are properly perfected, documented, housed, and safeguarded throughout the life of the loan.

The ideal candidate will have the skills and experience to include and/or accomplish:

• Evaluate, recognize, and safe keep collateral perfection documents consistent with Bank policy, and regulatory requirements.
• Support pre-closing perfection documentation verification and provide Lenders and Credit Administration with details of collateral that meets perfection requirements for lending purposes.
• Review Borrowing Base Certificate submissions and reconcile to collateral eligibility and documentation support.
• Coordinate with borrowers, approved third-party custodians, collateral vault suppliers, and lenders regarding the collateral documentation, custody, verification, and safekeeping.
• Manage the additions and releases of collateral perfection documents
• Perform periodic audits and reviews to confirm all related information reconcile.
• Identify, document, and escalate collateral documentation exceptions, discrepancies, deficiencies, custody issues, and other matters requiring remediation.
• Perform other duties as assigned.

Qualifications

• Requires a High School diploma or Equivalent. A combination of education and experience may meet job requirements.
• Experience in loan documentation, collateral document management, banking, asset-based lending processes, or other directly related experience.
• Familiarity with collateral perfection documentation, UCC filings, UCC searches, document custody, collateral release processes, and borrowing base information related to private credit or NDFI transactions.
• Strong organizational skills, attention to detail Ability to organize, maintain, review, validate, and monitor collateral records in approved physical and electronic storage locations.
• Working knowledge of computer software applications, including Excel, Word, PowerPoint, and Access.

Benefits: 

• Medical, Dental and Vision Insurance - START DAY ONE!
• Life and Disability Insurance, Paid Parental Leave and Adoption Assistance
• Health Savings (HSA), Flexible Spending (FSA) and dependent care accounts
• Paid Training, Paid Time Off (PTO) and 11 Paid Federal Holidays, and any applicable state holidays
• 401(k) plan with company match, Profit Sharing, competitive compensation in line with work experience
• Mental health benefits including coaching and therapy sessions
• Tuition Reimbursement for qualifying employees enrolled in an accredited degree program related to the needs of the business
• Employee Ambassador preferred banking products