Collateral Risk Manager

New York, NY, US

Salary Range: $130,000.00 To $150,000.00 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.

Vendor Management & Compliance Support

• 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 escalate as appropriate.

Invoice Management & Administrative Support

• 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.

• Certified General appraisal license.

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 $130,000 – $150,000. 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.

Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, Minorities / Females / Individuals with Disability / Veterans . ( AmeriCorps, Peace Corps and other national service alumni are encouraged to apply. View our Pay Transparency Statement ( . Submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment. At Amalgamated Bank, we consider an applicant to be someone who has interviewed at least once, in person, with the hiring manager. Amalgamated Bank does not sponsor applicants for work visas.

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”.

Search Firm Representatives- Please Read Carefully

Amalgamated Bank does not accept unsolicited assistance from search firms for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for the position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.