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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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