FHLBNY Open Positions
Collateral Valuations Analyst I
Reference Number: 09063
Department: Collateral Valuations
Location: New Jersey
Function:
- Provide guidance and assistance in the implementation of the new pricing & lending value methodologies for income producing loans
- Prepare detailed analytical whole loan portfolio valuation reports to be presented to the Credit Risk Committee on a quarterly or as needed basis
- Monitor industry standard data formats for inclusion of new or amended industry standard fields. Recommend changes to management and communicate changes to pricing vendors, Media Processing and member institutions
- Review, definition and negotiation of valuation vendor contracts
- Monitor industry standard data formats for inclusion of new or amended industry standard fields
- Research and analyze data regarding collateral concentrations, market changes, new products and impacts to current collateral portfolio per secondary market guidelines
- Analyze collateral concentration reports for developing trends and risk points, and recommend steps for management monitoring and/or action
- Provide guidance and assistance to the Media Processing in their outreach to members to improve data quality
- Provide guidance and assistance to the CRE Loan Review staff to ensure quality of data necessary to analyze the outsourced DebtX income producing mortgage collateral valuation process
- Prepare detailed analysis for the Collateral Valuation Officer detailing the ability of the residential pricing model’s ability to price and value multifamily mortgage collateral
Requirements:
- Excellent analytical, research, written and oral communication skills
- Database management skills with Excel and Access required
- Confident decision making aptitude
- Knowledge of Excel
- Must be a team player
- Bachelors degree in economics or finance preferred
- 6 – 8 years experience in the financial markets with a focus on:
* Commercial and multi-family whole loan valuation
* Fixed income pricing concepts
* Cash flow valuation methodologies
* Loan level data management and formatting standards and editing practices
* Commercial and multi-family loan underwriting best 7 practices - Knowledge of mortgage data concepts, credit and interest rate risk attributes assumptions and processes
- In-depth knowledge of all commercial mortgage loan level credit and risk components including Cap Rates, NOI, DSCR, etc.
Resumes may be submitted via:
- e-mail to careers@fhlbny.com
- fax to (212)949-2070
- mail to
Federal Home Loan Bank of New York
Attn: Human Resources
101 Park Avenue, New York, NY 10178
Equal Opportunity Employer
The Federal Home Loan Bank of New York adheres to a policy of Equal Employment Opportunity, which ensures that employees and applicants for employment receive fair and equal treatment regardless of race, color, religion, gender, age, national origin, citizen status, disability, sexual orientation, status as a parent, or veteran status or any other characteristic protected by federal, state, or local laws. This nondiscrimination policy, which became the law under Title VII of the Civil Rights Act of 1964, applies to all employment practices including, but not limited to, recruitment advertising, recruitment, hiring, placement, promotion, transfer, training, compensation, benefits, and other terms, privileges, and conditions of employment.