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Citi · 2 days ago

Citi Commercial Bank - Collateral Manager, Asset Based Lending

New York, NY

Full-time

Onsite

Senior Level, Lead/Staff

$170K/yr - $300K/yr

10+ years exp

Citi is a global bank with a strong history of helping clients achieve their goals. The Collateral Manager for Asset Based Lending will lead the management and optimization of collateral risk for a portfolio of borrowers, ensuring accurate monitoring and fostering strong client relationships.

BankingFinanceFinancial Services

H1B Sponsor Likely

Responsibilities

Lead the end-to-end collateral monitoring process for complex ABL facilities, including borrowing base validation, availability tracking, funding request evaluation and collateral trend analysis

Have an entrepreneurial mindset with an ability to influence key decision markers, initiate and orchestrate change to enhance processes and promote efficiencies

Oversee the verification of collateral pledged against loans and ensure accurate reconciliation of borrowing base certificates with underlying source data (e.g., accounts receivable aging reports, inventory listings)

Manage the oversight of collateral data input, ensuring accuracy, completeness, and integrity within the bank's collateral management systems. Develop and implement procedures to identify and correct data discrepancies

Critically evaluate client funding requests, ensuring they align with the approved borrowing base, facility terms, and collateral availability. Analyze eligibility criteria and advance rates

Act as a primary point of contact for clients on all collateral-related matters, fostering strong relationships

Collaborate effectively with ABL Relationship Managers, Underwriters, Operations, and Credit Risk teams to ensure a holistic approach to client management and risk assessment

Possess a critical understanding of ABL collateral management systems and actively contribute to the management, testing, and implementation of system upgrades, enhancements, and new technology initiatives to improve efficiency, data quality, and scalable growth

Identify and escalate collateral deterioration, fraud risk, or operational red flags

Qualification

ABL collateral managementAnalytical skillsCollateral tracking platformsCollateral monitoring processRelationship management

Required

10-15+ years in ABL collateral management, at a large bank or equivalent financial institution

Strong analytical skills, with an ability to analyze complex financial data and trends

Experience with collateral tracking platforms (e.g., ABLSoft, StuckyNet/Solifi)

Benefits

Medical, dental & vision coverage

401(k)

Life, accident, and disability insurance

Wellness programs

Paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays

Company

Citi

Glassdoor3.8

Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Founded in 1812

San Antonio, Texas, USA

10001+ employees

https://www.citi.com

H1B Sponsorship

Citi has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (1386)

2024 (849)

2023 (1375)

2022 (1117)

2021 (876)

2020 (901)