Vice President-ABS Due Diligence

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Position Overview

The Vice President – ABS Due Diligence will lead due‑diligence reviews related to collateral, operational processes, servicing practices, and regulatory compliance for financing and securitization transactions. The role involves identifying risks, challenging assumptions, evaluating third‑party reviews, and communicating findings and recommendations to senior business and risk stakeholders.

Responsibilities

• Lead due‑diligence reviews for asset‑based financing facilities, warehouse lending transactions, portfolio acquisitions, and securitizations.
• Review and assess third‑party Agreed‑Upon Procedures (AUP) reports, audit reports, collateral examinations, and verification testing.
• Evaluate collateral eligibility, ownership, perfection, borrowing‑base methodologies, concentration limits, and advance‑rate assumptions.
• Perform detailed reviews of borrowing‑base certificates, collateral tapes, performance data, and reporting packages.
• Assess operational, servicing, underwriting, collections, and compliance controls of originators and servicers.
• Identify collateral, operational, regulatory, and reporting risks and provide recommendations to mitigate identified issues.
• Coordinate with originators, servicers, auditors, consultants, and legal counsel to resolve diligence findings and obtain required documentation.
• Prepare and present due‑diligence reports, key findings, and risk assessments to banking, trading, financing, and risk‑management teams.
• Monitor existing financing facilities for covenant compliance, collateral performance, and emerging risks.
• Maintain expertise in structured‑finance documentation, financing agreements, servicing agreements, securitization documents, and market practices.

Qualifications

• 6+ years of experience in due‑diligence, structured finance, ABS, asset‑based financing, collateral risk management, or related fields.
• Strong experience reviewing AUP reports, operational audits, collateral examinations, and third‑party diligence reviews.
• Experience evaluating borrowing bases, collateral eligibility criteria, asset verification testing, and financing covenant compliance.
• Strong understanding of consumer‑lending products and ABS asset classes, including personal loans, point‑of‑sale loans, home‑improvement loans, solar loans, auto finance, and specialty finance assets.
• Experience assessing underwriting, servicing, collections, compliance, and operational controls.
• Ability to analyze large data sets and identify material collateral, operational, and regulatory risks.
• Strong written and verbal communication skills, including the ability to present findings to senior management and transaction stakeholders.
• Highly organized with strong attention to detail and project‑management skills.

Preferred Qualifications

• Experience supporting asset‑based financing facilities and ongoing collateral‑monitoring programs.
• Familiarity with collateral field examinations, portfolio audits, and financing surveillance.
• Experience interacting with rating agencies, lenders, auditors, and third‑party diligence firms.
• RMBS due‑diligence, mortgage servicing, or securitization experience is a plus.
• Experience across multiple ABS asset classes preferred.

Key Focus Areas

• Due Diligence
• AUP Review
• Borrowing Base Testing
• Collateral Eligibility Review
• Financing Monitoring
• Operational Risk Assessment
• Servicer Reviews
• Regulatory Compliance
• ABS Financing
• Securitization

Compensation

The annual full‑time base salary range for this role is $200,000 – $225,000. Specific compensation is determined through interviews and a review of relevant education, experience, training, skills, geographic location, and alignment with market data. Certain positions may be eligible for a discretionary bonus as determined by bonus‑program guidelines and senior‑management approval.

Benefits

• PTO and paid holidays (as set forth in program policies)
• Medical, dental, vision, life, and disability insurance
• 401(k) retirement plan