About Byline Bank
Headquartered in Chicago, 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. Byline Bank has approximately $9.9 billion in assets and operates over 40 branch locations throughout 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 loans. Byline Bank is a member of FDIC and an Equal Housing Lender.
At Byline Bank, we take pride in being an award-winning workplace. Some of our recent recognitions include:
U.S. News & World Report's Best Companies to Work for in the Midwest 2024-2025, 2025-2026 and Best Companies to Work for in Finance and Insurance & Overall 2025-2026.
Newsweek's America's Greatest Midsize Workplaces for Women 2026
Best Companies Group's Best Remote and Hybrid Workplaces in America 2026
Chicago Sun Times Chicago's Best Workplaces 2024, 2025
Best Companies Group and Illinois SHRM (Society for Human Resource Management) Best Workplaces in Illinois 2024, 2025, 2026
By joining our team, you will become part of an organization that values growth, collaboration, and innovation. We strive to create an environment where employees feel supported and are empowered to excel in their roles. If you're looking for a career with a company that puts people first and makes a difference in the communities we serve, Byline Bank is the place for you.
Objective of Position :
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. Additionally, the position contributes to exception tracking, reporting, and continuous improvement of post-closing and collateral management processes.
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
Monitors pledged collateral and maintains compliance with FRB/FHLB requirements
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
Monitors 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
Partners with Secondary Marketing, Treasury, and Capital Markets teams to support collateral and liquidity initiatives
Provides loan documentation to third-party servicing vendors (e.g., Dovenmuehle or similar)
Files 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
Assists with 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.
Note: Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.
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
Ability to manage multiple priorities and meet deadlines in a fast-paced environment
Effective communication skills with the ability to collaborate across departments
Proficiency in Microsoft Office Suite
PHYSICAL DEMANDS/WORK ENVIRONMENT :
Usual office environment with frequent sitting, walking, and standing, and occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Frequent use of eye, hand, and finger coordination enabling the use of office equipment. Oral and auditory capacity enabling interpersonal communication as well as communication through automated devices.
Byline Bank offers competitive industry rate salary bands with the goal of retaining and growing talented individuals. We regularly review and adjust our compensation structure as needed to ensure equity across teams and levels.
The hourly rate for this position is $29.32 to $36.53
Pay is based on several factors including but not limited to education, work experience, certifications, etc. In addition to your salary, Byline Bank offers benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). No matter where or when you begin a career with Byline Bank, you'll find a far-reaching choice of benefits and incentives.
Additional Information:
Byline Bank is an Equal Opportunity Employment / Affirmative Action employer dedicated to providing an inclusive workplace where the unique differences of our employees are welcomed, respected, and valued. We are committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment.
All employment decisions at Byline Bank are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, protected veteran status, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Byline Bank will not tolerate discrimination or harassment based on any of these characteristics.
Byline Bank is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance or accommodations due to a disability, please contact us directly at 773-475-2900, Option #2.
If applying within the US, this role is not eligible for visa sponsorship now or in the future.
Note to Recruitment Agencies and Third-Party Recruiters:
Byline Bank kindly requests that third-party recruiters, staffing agencies, and recruitment firms refrain from submitting resumes or candidate profiles without a prior agreement in place. Any unsolicited submissions will be considered property of Byline Bank, and no fees will be paid for placements resulting from such submissions. We appreciate your understanding and cooperation.
Byline Bank is committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment. All employment decisions at Byline Bank are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, protected veteran status, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Byline Bank will not tolerate discrimination or harassment based on any of these characteristics.
