Sr. Collateral & Pledging Analyst (Schaumburg, IL)

About

Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:BY), is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors, and consumers. With approximately $9.9 billion in assets and over 40 branch locations in the Chicago and Milwaukee metropolitan areas, Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing and U.S. Small Business Administration (SBA) loans. As a member of FDIC and an Equal Housing Lender, Byline Bank is committed to fostering an award-winning workplace culture.

Objective

The Sr. Collateral & Pledging Analyst is responsible for auditing, managing, and maintaining all closed loan packages and collateral files to ensure the bank's security interest and adherence to established policies and procedures. This role also supports the organization's liquidity strategy by ensuring loans meet eligibility requirements for pledging to the Federal Reserve Bank (FRB) and Federal Home Loan Bank of Chicago (FHLBC), while maintaining compliance with investors, regulatory, and internal guidelines.

Duties And Responsibilities

• Reviews residential, consumer, commercial, SBA, USDA, and other loan packages for original documents and logs them into department database
• Completes Post Closing Checklist review to verify all required and original documents are received
• Reviews imaged loan documents and updates exception tracking reports for missing or trailing items
• Maintains organized and complete physical and imaged collateral files
• Audits loan files to ensure eligibility for FRB and FHLB Chicago pledging, including completeness of required collateral documentation
• Utilizes digital platforms such as DocuSign and Wolters Kluwer eOriginal eVault to support electronic document execution, storage, and eNote collateral workflows
• Prepares and coordinates collateral delivery to custodians and pledge facilities
• Maintains compliance with FRB/FHLB requirements for pledged collateral
• Prepares and delivers reporting and metrics related to pledged collateral activity, including balances, eligibility, utilization, and trends for each pledge affiliate (e.g., FRB and FHLB Chicago)
• Tracks and resolves documentation exceptions in partnership with lending staff and third-party vendors
• Maintains compliance with investor delivery processes and agency guidelines (Fannie Mae, Freddie Mac, etc.)
• Monitors pledged collateral and processes collateral requests received through department channels
• Issues collateral releases for paid loans, legacy loans, or as directed by lending staff
• Processes paid loans and prepares payoff/release packages for customer distribution
• Supports loan delivery to investors and assists with post-closing pipeline tracking and reconciliation
• Promotes secondary marketing, treasury, and capital markets teams' collateral and liquidity initiatives
• Provides loan documentation to third-party servicing vendors (e.g., Dovenmuehle or similar)
• Filings UCCs and records trailing documents (mortgages, assignments, modifications) via approved vendors
• Organizes and releases tax certificates, titles, and other collateral-related documents
• Audits boarded loan packages to ensure compliance with policies, procedures, and regulatory standards
• Assists with internal audits, regulatory exams, and collateral reviews
• Processes and audits third-party invoices related to loan documentation and collateral
• Supports reporting, data tracking, and operational projects within loan operations
• Participates in ongoing training and process improvement initiatives
• Ensures all collateral files remain current, complete, and audit-ready
• All other duties as assigned

Qualifications

• High School Diploma or equivalent required; associate or bachelor’s degree preferred
• 5–8+ years of loan operations experience, including significant exposure to commercial loan operations, collateral management, and post-closing audit functions
• Direct or working experience with Federal Reserve Bank and/or FHLB Chicago pledging guidelines and processes
• Strong knowledge of loan documentation, collateral file requirements, and post-closing processes
• Experience auditing loan files and managing exception tracking
• Familiarity with investor delivery processes and agency guidelines (Fannie Mae, Freddie Mac, etc.)
• Knowledge of third-party services (lien filing systems, recording vendors, SBA/USDA systems, etc.)
• Experience with custodial systems, collateral tracking tools, or FIS platforms preferred
• Experience using DocuSign and/or Wolters Kluwer eOriginal eVault platform preferred
• Exposure to eNote and electronic collateral workflows is a plus
• Strong organizational, analytical, and problem-solving skills
• Effective communication skills with the ability to collaborate across departments
• Proficiency in Microsoft Office Suite