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Assistant Vice President, Loan Compliance in New York, NY (14581)

Job DescriptionJob Attributes+

  • Job ID


  • Job Category

    Compliance & Regulatory

  • Business Unit

    Hanover Street Capital

  • Job Location

    US - NY - New York


SitusAMC is where the best and most passionate people come to transform our client’s businesses and their own careers. Whether you’re a real estate veteran, a passionate technologist, or looking to get your start, join us as we work together to realize opportunities for everyone, we proudly serve.

At SitusAMC, we are looking to match your unique experience with one of our amazing careers, so that we can help you realize your potential and career growth within the Real Estate Industry. If you are someone who can be yourself, advocate for others, stay nimble, dream big, own every outcome, and think global but act local – come join our team!
Position Overview:
Responsibilities including database, regulatory and compliance updates, asset management alignment, process improvement, internal audits, reporting reviews and database project management.

Essential Job Functions:
  • Interpret legal documents from newly closed and existing loan portfolio to identify reporting requirements by Borrower, Guarantor, Sponsor or any other Obligor
  • Support Asset Management team to communicate reporting requirements to Obligors, track documents received, update internal compliance system (Ark) as needed
  • Responsible for high-touch assets requiring complex review and analysis of submitted reporting.
  • Work with Director-Reporting Compliance to conduct random reviews of “closed" reporting to ensure accuracy and compliance.
  • Work with Ark development team to identify and test required database improvements.
  • Maintain routine contact and engagement with HSC Portfolio Management team to ensure database accuracy and efficiency.
  • Support Director-Reporting Compliance with weekly Ark Reskin covenant past due reporting - download Excel export, populate ongoing file, and generate charts.  Prepare additional reporting/data manipulation as requested.
  • Update ARK with Asset Manager (“AM") and/or Loan Administration (“LA") changes, missing data points
  • Assist Director-Reporting Compliance with policy and procedure drafting and implementation.
  • Support AM with outstanding reporting reviews, communicate gaps as needed to AM and Director-Reporting Compliance
  • Perform ad hoc analysis for AM team, Business Analysts, Compliance, DB Client requests Other activities as may be assigned by your manager
  • Present to Client, at minimum on a monthly basis, current reporting status and resolution.
  • Mentor and train junior loan compliance team members.
Qualifications/ Requirements:
  • Minimum of 7 years of experience related to commercial loan documents and financial statements
  • Bachelor’s degree required; MBA preferred.
  • Advanced MS Office suite including Outlook, Excel, Power Point and Word.
  • Strong attention to detail, particularly when working with data
  • Strong communication and communication skills - both verbal and written
  • Positive, professional attitude
  • Flexible with an ability to work on different tasks at once
  • An interest and willingness to learn about regulatory and compliance issues in the commercial real estate sector would be advantageous

Note: This job description is not intended to be all inclusive or exclusive. At any time, employees may perform other related duties as required to meet the ongoing needs of the organization and participate in additional trainings.

SitusAMC is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

SitusAMC does not accept unsolicited resumes from staffing agencies, search firms or any third parties. Any unsolicited resume submitted to SitusAMC in any manner will be considered SitusAMC property, and SitusAMC will not pay a fee for any placement resulting from the receipt of an unsolicited resume.
Job Location: New York, NY, USA
Country: USA
The annual full time base salary range for this role is ($120,000 - $160,000). Specific compensation is determined through interviews and a review of relevant education, experience, training, skills, geographic location and alignment with market data. Additionally, certain positions may be eligible to receive a discretionary bonus as determined by bonus program guidelines, position eligibility and SitusAMC Senior Management approval. SitusAMC offers PTO and paid holidays, the terms of which are set forth in the program policies.  All full time employees also are eligible to participate in various benefit plans, including medical, dental, vision, life, disability insurance and 401K; in each case in accordance with the terms of the applicable plans.

Our Benefits

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Powerful futures

- Annual compensation reviews
- Retirement benefits
- Education allowance program
- Matching gifts program
- Employee referral bonus programs
- Other region-specific incentives

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Powerful peace of mind

- Competitive vacation policies, holidays & other paid leaves
- Family-friendly leave policies, including maternity, - paternity & other family situations
- Employee wellness platform
- Employee assistance program
- Employee discount program
- Commuter benefits & travel assistance
- Volunteer program

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Powerful health

- Robust medical & other insurance plans
- Personal & family wellness benefits
- Savings programs & discounts for health expenses
- Disability, accident & life insurance

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Part of a global team

Our US offices

Whether you’re working in one of our Real Estate businesses, or in Technology or a Corporate function, you’ll have plentiful learning opportunities and be greeted by a team who values your contribution. And, when it comes to benefits, you can expect above-and-beyond offerings supporting your emotional, physical and financial wellness.
New York, NY
Assistant Vice President, Loan Compliance

“I look forward to team meetings, training, development and coaching opportunities. It gives me the interaction with people that I need and appreciate. The more I learn, the more I feel like I can grow with the company. I enjoy coaching others, sharing knowledge gained and finding ways to make our job more efficient.”

Cindy Buchanan

QC Specialist II

“You must treat each client like they are your only client. We put customer service at the forefront of our service offering.”

John Wadle

Director of Servicing Quality Control

“I’m grateful for my ability to adapt because the industry is very fast-paced and always changing. I get put on special projects all the time, which I really like, because it expands my skillset and range of experience. But you need to be able to roll with the punches and stay light on your feet. I’ve done everything from appraisals to modifications to reverse mortgages, which is great, because I’ve always been able to adapt and learn quickly.”

Jon Addison

Senior Analyst


Who we are

SitusAMC is a leading independent provider of technology, strategic outsourcing, talent and advisory solutions to the commercial and residential real estate finance industries. We help clients identify and capture opportunities in their real estate businesses through industry-leading services and innovative technologies that drive operational efficiency, increase business effectiveness, and improve market agility across the entire lifecycle of their global real estate activity.

Working among the best talent in real estate, you’ll be a part of some of the most relevant things happening in the industry and engage in interesting and exciting work. You’ll be embraced by a culture that celebrates innovative thinking and empowers you to get the job done. Come join us in Powering Opportunity for those we proudly serve.

Years of delivering results
Global Offices
New York, NY
Assistant Vice President, Loan Compliance