Banking Services Operations Associate IV - Commercial Lien Release
Company: M&T Bank
Location: Buffalo
Posted on: June 25, 2022
Job Description:
Overview:Schedule is hybridSupports releasing collateral on
accounts that are paid in full and active to support the Commercial
Bank, Business Banking, and Leasing business lines. - - Responsible
for training new associates.Primary Responsibilities:
- Review and research requests from business partners, attorneys,
and title companies and obtain appropriate authority to release
various types of collateral as outlined in the request. -
Collateral types include real estate, assets covered under the
Uniform Commercial Code (UCC), vehicles, investment accounts,
deposits, aircrafts, ships, patents, trademarks, etc.
- Provide clear instructions to less experienced personnel on
what needs to be released.
- Communicate with internal and external business partners
throughout the release process as required.
- Send documents to business partners, customers, third parties,
or to various jurisdictions for recording as instructed.
- Use third party vendor software to help research and facilitate
release requests.
- Remove holds or generate letters to remove holds on internal
accounts.
- Remove exceptions as appropriate.
- Remove accounts from insurance tracking.
- Update key tracking systems with release information.
- Provide training to new associates.
- Understand and adhere to the Company's risk and regulatory
standards, policies and controls in accordance with the Company's
Risk Appetite. - Identify risk-related issues needing escalation to
management.
- Promote an environment that supports diversity and reflects the
M&T Bank brand.
- Maintain M&T internal control standards, including timely
implementation of internal and external audit points together with
any issues raised by external regulators as applicable.
- Complete other related duties as assigned.Scope of
Responsibilities:This team uses the collateral tracking system,
internal databases, Filenet, county web sites, and works closely
with internal business partners, title companies, and attorneys to
meet customer requests. - - Requests have to be thoroughly analyzed
to make sure collateral supporting other loans is not released and
that requests are properly authorized with the appropriate amount
of credit authority. - Release requests include real estate, assets
covered under the Uniform Commercial Code, vehicles, deposits,
investments, aircrafts, ships, and other collateral
types.Supervisor/Managerial Responsibilities:Education and
Experience Required:Associate's degree and a minimum of 1 years'
work experience, or in lieu of a degree, a combined minimum of 3
years' higher education and/or work experience, including a minimum
of 1 years' work experienceEducation and Experience
Preferred:Bachelor's degreeMinimum of 3 years' relevant work
experienceMinimum of 1 years' customer service experiencePhysical
Requirements:N/ALocationBuffalo, New York, United States of
America
Keywords: M&T Bank, Buffalo , Banking Services Operations Associate IV - Commercial Lien Release, Accounting, Auditing , Buffalo, New York
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