Collateral Coordinator Jobs (NOW HIRING)

Job Title:

Manager of Collateral Monitoring

Location:

CA - Los Angeles, La Playa

What you'll do:

Our lender finance business extends credit facilities to specialty finance companies, secured by portfolios of underlying loans and receivables. The integrity of those facilities depends on one thing above all: knowing - not assuming - that our counterparties are accurately delivering the collateral and related security documentation that secure the facilities.
We are creating a dedicated Head of Collateral Controls to own that certainty. This is a newly carved-out function, elevated from within our portfolio management team. You will be the person who independently verifies what the portfolio team monitors, who closes the gap between what our trustees confirm, and who manages/selects the technology and vendor infrastructure that makes our control environment best-in-class.
This is a hands-on individual contributor role at the VP level with meaningful support from our portfolio management team - and a clear mandate to build a team as the function scales.

Documentation & Collateral Integrity

• Own end-to-end tracking of all documentation owed by counterparties under our credit agreements - financial statements, compliance certificates, borrowing base reports, credit agreements and amendments, UCC filings, and collateral assignments
• Maintain and continuously improve the documentation tracking framework; identify gaps, chase exceptions, and escalate persistent delinquencies to deal teams and leadership

Independent Verification & Audit Coordination

• Serve as primary day-to-day relationship owner for third-party audit firms (e.g., Big 4 accounting) conducting periodic examinations of our underlying borrowers - scoping engagements, scheduling fieldwork, reviewing findings, and driving remediation
• Independently re-verify what our trustees and servicers report: reconcile trust-level confirmations against counterparty-level reality, and double-check that borrowers are making sound credit decisions and complying with covenants under our agreements
• Review audit findings for early warning signs - eligibility drift, covenant pressure, documentation deterioration - and translate them into actionable recommendations for portfolio managers

Counterparty Due Diligence

• Manage the background check program for principals and partners at the finance companies we lend to - at onboarding and on a recurring refresh cycle
• Maintain due diligence files and flag adverse findings to deal teams and credit leadership

Risk Technology & Vendor Management

• Own and administer the software tools we use to validate borrowing bases and obtain independent marks on underlying names
• Proactively scan the market for collateral monitoring, data extraction, and portfolio surveillance tools we are not yet using - evaluate, pilot, and build the business case for adoption
• Manage relationships with software vendors and data providers; negotiate scope and hold them accountable to service levels
• Partner with portfolio management to automate manual verification work and raise the bar on what "well-controlled" means for a business of our scale

Why This Role

• Build a function, not just fill a seat - you will define how collateral controls work here, with executive sponsorship and a mandate to grow a team
• High visibility - your work directly informs credit decisions and is reviewed by senior leadership; this is a control function with a seat at the table, not a back-office checkbox
• A growing platform - our lender finance and structured products business is scaling ($10B AUM), with significant committed capital to deploy; the control infrastructure you build will be the foundation it grows on

What you'll need:

• 8+ years of related experience.
• 5+ years of experience in asset-based lending, lender finance, structured products, field examination, collateral analysis, loan operations, or credit risk review - ideally spanning more than one of these
• Meticulous attention to detail paired with growth mindset to learn which exceptions matter
• A proactive, ownership-driven mindset - you find problems before they find us, and you'd rather build the better process than work around the broken one
• Strong written and verbal communication; able to deliver findings credibly to deal teams, senior leadership, and external partners
• Experience working with or managing third-party auditors, field examiners, or due diligence firms a plus
• Bachelor's degree. CPA or field exam certification a plus

Compensation: Salary range for new hires is generally $139,530.00 - $172,360.00 for San Diego, CA. Salary range for new hires is generally $139,530.00 - $172,360.00 for Los Angeles, CA. Salary range for new hires is generally $148,830.00 - $183,850.00 for New York, NY. Salary amount is determined by specific job location. In addition, the role may be eligible for annual bonus/incentives earned and restricted stock.

Benefits you'll love:
We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

About the company:

Western Alliance Bank, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands - Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank - that remain part of the company's heritage, as well as AmeriHome Mortgage, a Western Alliance Bank Company.

Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.

Western Alliance Bancorporation