Quality Control Analyst
The PrivateBank - Chicago, IL

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PrivateBancorp, Inc. through its subsidiaries, delivers customized business and personal financial services to middle-market companies, as well as business owners, executives, entrepreneurs and families in all of the markets and communities we serve. We provide a comprehensive benefit package including paid vacation and holidays, 401(k) with employer match, insurance and EAP. Please visit our web site www.theprivatebank.com to learn more about The PrivateBank and Trust Company and PrivateBancorp, Inc. listed on NASDAQ PVTB. Equal Opportunity Employer, m/f/d/v.


The Quality Control Analyst is responsible to assess the pledge eligibility of collateral files to the Federal Reserve Bank (“FRB”) and the Federal Home Loan Bank (“FHLB”). The incumbent for this position will audit collateral files and verify the loan is documented in accordance with the Banks policies and procedures and the overall file conforms to the FRB/FHLB requirements for loan documentation.

Perform a post close review of all collateral documents along with any supporting documents such as the appraisal, environmental and insurance and compare to the pledge requirements for eligibility. Responsible to contact insurance agents for updated insurance if it is determined a policy has expired for a loan currently pledged. Document exceptions identified during the review should be cured throughout the file review process. Monitor the assigned portfolio of pledged loans for loan renewals and work closely with Quality Control team lead to update reports as needed.

Documentation review of all new and renewed loans in accordance with department policies and procedures. Ensure accuracy of documents and totality of collateral files pledged to the FRB/FHLB. Monitor the assigned portfolio of pledged loans for renewals, work closely with closing staff to remediate files and update reports as needed.

Other tasks as required within Department


Metavante and/or ACBS system experience, Microsoft applications. Must have strong documentation knowledge, detailed and process orientated.

Minimum 3 – 5 years commercial loan documentation review experience. Metavante and/or ACBS system experience a plus.

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